AUSTIN MAN GETS 2 YEARS IN PRISON FOR CRYPTOCURRENCY TAX FRAUD, A DOJ FIRST
A Bitcoin holder was sentenced to prison time for underreporting gains on Bitcoin for the first time. Frank Ahlgren III, an early adopter of crypto, underreported $4 million in Bitcoin sales and pleaded guilty to charges of tax evasion. He attempted to hide the sale using mixers and cash and believed his actions to be anonymous.