MicroStrategy’s Michael Saylor Accused of Tax Fraud

MicroStrategy's Michael Saylor Accused of Tax Fraud
  • D.C. attorney general sues Michael Saylor alleging income tax evasion.
  • The suit also states that he did not pay income taxes in D.C. from 2005
  • The complaint also charges MicroStrategy of conspiracy.

On August 22, D.C. Attorney General Karl A. Racine filed a lawsuit in D.C. Superior Court against Michael Saylor for allegedly claiming to live in lower-tax jurisdictions and avoiding paying taxes despite living a luxurious lifestyle in a 7,000-square-foot penthouse overlooking the Georgetown waterfront. The complaint also charges MicroStrategy with conspiracy for not reporting Saylors’ address and correctly withholding District taxes from local and federal tax authorities.

The complaint alleges that Saylor purchased the Georgetown property in 2005 before buying two adjoining penthouse units, combining them into a single residence Saylor calls “Trigate,” and also purchased a penthouse unit in Adams Morgan.

Saylor, as the complaint alleges, purchased a home in Miami Beach in 2012 and got a Florida driver’s license, and registered to vote there even though he lived mainly in D.C. The suit also states that he did not pay income taxes in D.C. from 2005 to 2021 while having social media posts over the years that showed he lived in D.C., calling it his home.

Under Racine’s lawsuit, Washington D.C.’s False Claims Act would award whistleblowers for reporting tax evaders that misrepresent their residency in order to avoid paying taxes.

“With this lawsuit, we’re putting the residents and employers on notice that if you enjoy all the benefits of living in our great city while refusing to pay your fair share in taxes, we will hold you accountable,” Racine said.

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