Bitcoin Investor Ordered to Reveal Access Codes to $124 Million
- Frank Richard Ahlgren got two years in prison for tax fraud
- US sought codes to secure $1 million in restitution he owes
The investor was the first American convicted of tax crimes tied solely to the sale of cryptoassets.
Photographer: Juan Carlos/BloombergAn early Bitcoin investor sentenced last month to two years in prison for tax fraud related to cryptocurrency sales has been ordered to disclose his secret pass codes so US officials can unlock digital assets now valued at about $124 million.
Frank Richard Ahlgren III, who owes the government about $1 million in restitution from the criminal case, must hand over the pass codes and identify any devices used to store them, along with disclosing all his cryptocurrency accounts, US District Judge Robert Pitman ruled Monday in federal court in Austin, Texas.