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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.
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.
STORY CONTINUES BELOW
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.
Nelson Wang
Nelson edits features and opinion stories and was previously CoinDesk’s U.S. News Editor for the East Coast. He has also been an editor at Unchained and DL News, and prior to working at CoinDesk, he was the technology stocks editor and consumer stocks editor at TheStreet. He has also held editing positions at Yahoo.com and Condé Nast Portfolio’s website, and was the content director for aMedia, an Asian American media company. Nelson grew up on Long Island, New York and went to Harvard College, earning a degree in Social Studies. He holds BTC, ETH and SOL above CoinDesk’s disclosure threshold of $1,000.
