- MicroStrategy and Saylor had asked the court to dismiss the lawsuit.
- Saylor was accused of lying about his place of residence in order to avoid paying taxes.
A legal lawsuit against MicroStrategy, an American business intelligence company, was rejected by the Superior Court of the District of Columbia. The lawsuit claimed that MicroStrategy assisted its co-founder, Michael Saylor, in avoiding paying income taxes. A new filing claims that in October, Saylor and MicroStrategy asked the court to dismiss the lawsuit. And on February 28th, the court granted their request.
Remember that in August, the Attorney General’s office of the District of Columbia sued Saylor and MicroStrategy. For aiding the Bitcoin advocate in dodging income taxes for more than a decade.
The lawsuit, which sought up to $25 million in missed income taxes and unknown sums in treble damages, civil fines, and other reliefs, was reportedly the first filed under DC’s recently modified False Claims Act.
Accused of Lying About Place of Residence
Saylor was accused of lying about his place of residence. In order to avoid paying income taxes and was instead found to be in Washington, DC. According to the accusation, he faked his residency in Florida by obtaining a driver’s license and registering to vote. In the meanwhile, the former CEO lived in his DC home for at least 183 days during each of the tax years in question.
It was alleged that the publicly listed corporation was aware of Saylor’s fraudulent claims as a Floridian and assisted him in providing evidence for them. Cases against MicroStrategy have been dismissed by the court.
The filing read:
“The court did not dismiss claims against Mr. Saylor alleging that Mr. Saylor failed to pay personal income taxes, interest, and penalties due. A status conference in the case is scheduled for March 10, 2023. The final outcome of this matter is not presently determinable.”
