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VisitWhat will be the total financial penalties imposed on Frank Richard Ahlgren III?
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Court records and official announcements
Texas Bitcoin Investor Frank Richard Ahlgren III Faces Prison for Underreporting $3.7M in Crypto Gains
Sep 15, 2024, 10:30 AM
A Texas-based Bitcoin investor, Frank Richard Ahlgren III, has pleaded guilty to underreporting his cryptocurrency gains, including $3.7 million from Bitcoin sales. This underreporting resulted in a tax loss of more than $550,000 to the IRS. As a consequence, Ahlgren faces up to three years in prison.
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