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Bitcoin billionaire, firm to settle D.C. tax fraud suit for $40 million

By Michael Laris
D.C., Md. & Va.
  • Investor Michael Saylor and the software company he founded have agreed to pay $40 million to settle the lawsuit.
  • D.C.’s attorney general alleged he defrauded the city of millions in taxes by falsely claiming he lived in Va. or Fla.
  • Under the agreement, Saylor and MicroStrategy deny they violated District law and admitted no wrongdoing.
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