MicroStrategy Founder Michael Saylor Loses Court Bid to Dismiss DC Tax Evasion Claims

The court did dismiss claims against the company and Saylor that they conspired to violate Washington, D.C.’s False Claims Act.

AccessTimeIconMar 2, 2023 at 2:36 p.m. UTC
Updated May 9, 2023 at 4:09 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

MicroStrategy (MSTR) founder and Executive Chairman Michael Saylor has lost a bid to dismiss claims that he failed to pay personal income taxes, interest and penalties due for Washington, D.C., according to a ruling on Feb. 28.

The court did, however, dismiss claims against Saylor and the company that they had conspired to violate Washington, D.C.’s False Claims Act.

  • Key Events You Shouldn't Miss at Consensus 2024
    02:13
    Key Events You Shouldn't Miss at Consensus 2024
  • What to Expect From Consensus 2024
    11:19
    What to Expect From Consensus 2024
  • Will Solana and Altcoins Dominate the Market Next?
    13:29
    Will Solana and Altcoins Dominate the Market Next?
  • What's Next for FIT21?
    07:15
    What's Next for FIT21?
  • A status conference in the tax evasion case against Saylor is scheduled to be held on March 10.

    The District of Columbia sued Saylor and his company in August, alleging Saylor never paid any income taxes in the district in the more than 10 years he had lived there, and that MicroStrategy had conspired to help him do so.

    The attorney general’s office claimed Saylor avoided more than $25 million in taxes to the district, and is seeking back taxes, damages, civil penalties, expenses and fees.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Nelson Wang

    Nelson Wang was CoinDesk's news editor for the East Coast. He holds BTC and ETH above CoinDesk's disclosure threshold of $1,000.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.