MicroStrategy’s Saylor Must Face DC Income-Tax Suit, Judge Rules
- District says Saylor fraudulently claimed other residencies
- Saylor is best known for adding Bitcoin to balance sheet
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The Superior Court of the District of Columbia rejected a motion by MicroStrategy Inc. co-founder and Executive Chairman Michael Saylor — probably best known as the largest corporate buyer of Bitcoin - to dismiss a lawsuit that he failed to pay income taxes despite living in the district for more than a decade.
In addition, the court dismissed a claim by Washington, DC, against the company alleging that Saylor and MicroStrategy conspired to violate the the district’s False Claims Act, as well as a claim against Saylor alleging that he violated the same provision. The Feb. 28 ruling was disclosed in a US Securities and Exchange Commission filing by the Tysons Corner, Virginia-based enterprise-software maker on Thursday.