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Don’t use crypto to cheat on taxes: Bitcoin bro gets 2 years
Early bitcoin investor first to get prison time for crypto-related tax evasion.
It seems that not even his most "sophisticated" tactics—including using mixers, managing multiple wallets, and setting up in-person meetings to swap bitcoins for cash—kept the feds from tracing crypto trades that he believed were untraceable. That meant that he needed to actively conceal the earnings, but he'd been apparently researching how mixers are used to disguise where bitcoins come from since at least 2014, the feds found, referencing a blog he wrote exhibiting his knowledge. Houston-based Lucy Tan, the acting special agent in charge of IRS-Criminal Investigation, said in the press release that Ahlgren's efforts to conceal a total of $1 million in cryptocurrency gains over several years were ultimately futile.
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