The Supreme Court for the District of Columbia, defending Bitcoin at every opportunity, Bitcoin (BTC) Known as the largest corporate buyer MicroStrategy co-founder and Chief Executive Officer by Michael Saylorrejected the lawsuit on the grounds that he did not pay income tax despite living in the region for more than ten years.
Court Dismisses Cases Against Michael Saylor
Additionally, the court dismissed a lawsuit by Washington DC against the company alleging Saylor and MicroStrategy conspired to violate the area’s False Claims Act, and a lawsuit filed against Saylor for allegedly violating the same provision.
The February 28 decision was announced by the Tysons Corner, Virginia-based enterprise software maker in a filing with the U.S. Securities and Exchange Commission on Thursday.
Washington filed a tax fraud lawsuit in August for allegedly failing to pay Saylor more than $25 million in income taxes.
According to the lawsuit, Saylor knowingly avoided paying taxes owed since 2005 by claiming to reside in other low-tax jurisdictions, including Virginia and Florida.
Saylor allegedly lives in a luxury penthouse on the Georgetown waterfront and has multiple yachts moored on the area’s Potomac riverbank.
Saylor denied the allegations, saying he resided in Florida.
“I am pleased that the court has dismissed the District of Columbia’s False Claims Act claims against me and MicroStrategy,” Saylor told Bloomberg News.
“I continue to respectfully disagree with the district’s position on the remaining allegations and will continue to defend against these allegations. “I look forward to the proper resolution of this case when the time comes.”
*Not investment advice.
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