Michael Saylor and MicroStrategy will pay $40 million to resolve a tax fraud case with the Washington DC Attorney General’s office. 

AG Brian Schwalb posted about the resolution in a series of X posts. 

The case marks the “largest income tax fraud recovery” in DC history, Schwalb said. 

“Saylor illegally pretended to live in lower-tax jurisdictions to avoid paying taxes on hundreds of millions of dollars of income — all while living in a 7,000 square foot Georgetown penthouse and docking multiple yachts at Washington Harbour,” Schwalb added. 

According to court documents, MicroStrategy and Saylor will pay a total of $40 million to resolve the case. 

Read more: Bitcoin…

Read more on Blockworks