Crypto: MicroStrategy CEO Michael Saylor loses case to dismiss claims that he failed to pay personal income taxes


A court ruling did not dismiss claims by the District of Columbia against

Michael Saylor, the founder and CEO of MicroStrategy MSTR, -4.30%, has lost his case to dismiss claims that he failed to pay personal income taxes, interest and penalties in the District of Columbia, according to a court filing on Feb. 28.

The ruling did dismiss claims that Saylor and his company conspired to violate Washington D.C’s False Claims Act, which is a federal law that holds persons and companies liable for defrauding governmental programs.

In August 2022, the District of Columbia filed a complaint through its Office of the Attorney General against Saylor and his company, alleging that he didn’t pay income taxes over a number of years, avoiding more than $25 million in taxes to the district. In October, Saylor filed a motion to dismiss the complaint.

A status conference regarding the case is scheduled for Mar. 10, and the final outcome is not presently determinable.

This article was originally published by Read the original article here.

Previous articleStocks open mostly lower Thursday, but the Dow manages an early gain
Next article: Anheuser-Busch InBev misses revenue mark but earnings top forecasts


Please enter your comment!
Please enter your name here