MicroStrategy and Its Co-Founder Saylor Will Pay $40 Million to Settle DC Tax Fraud Lawsuit
- DC AG sued Michael Saylor last August over unpaid income tax
- AG says settlement is district’s ‘largest income tax recovery’
Michael Saylor
Photographer: Eva Marie Uzcategui/BloombergThis article is for subscribers only.
MicroStrategy Inc. and its co-founder and Chairman Michael Saylor will pay $40 million to resolve a tax fraud lawsuit.
The Washington, DC, attorney general’s office sued Saylor in August 2022, alleging the crypto billionaire had failed to pay more than $25 million in income taxes. The lawsuit alleged that Saylor had knowingly avoided paying taxes despite living in Washington for more than a decade. At the time, Saylor denied the allegations, saying that he lived in Florida.