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Texas court orders Bitcoin investor to disclose $124 million in crypto keys – TON BOT

Texas court orders Bitcoin investor to disclose $124 million in crypto keys

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Frank Richard Ahlgren III, an early Bitcoin adopter, has been ordered by a Texas court to surrender access to his crypto wallets in connection to tax evasion charges. He purchased and sold Bitcoin, falsified tax returns, and used various techniques to hide transactions. He pleaded guilty, received a prison sentence, and must pay restitution. The case highlights legal risks for crypto investors, emphasizing the importance of complying with tax laws to avoid penalties such as asset forfeiture and imprisonment.

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