Ahlgren, an early Bitcoin investor, misrepresented his gains on a $3.7 million sale by inflating his acquisition costs, drastically reducing reported capital gains.
He attempted to conceal his gains by using multiple wallets, converting bitcoin to cash in person, and employing mixers, resulting in a tax loss over $1 million.
Acting Deputy Assistant Attorney General Stuart M. Goldberg said, 'He lied to his accountant about the extent of a large portion of his gains...'.
Judge Robert Pitman sentenced Ahlgren to two years in prison, emphasizing the serious nature of tax evasion, particularly with substantial financial gains.
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