D.C. Attorney General Sues MicroStrategy and Michael Saylor Over Fraud

D.C. Attorney General Karl A. Racine sued MicroStrategy and its founder and Executive Chairman Michael Saylor for tax fraud. Racine tweeted about the case, using it as an example for local business owners and citizens who don’t want to pay their taxes. NEW: Today, we’re suing Michael Saylor – a billionaire tech executive who has lived in the District for more than a decade but has never paid any DC income taxes – for tax fraud. — AG Karl A. Racine (@AGKarlRacine) August 31, 2022 D.C. Income Taxes According to Attorney General Racine, Saylor has resided in the D.C. district for more than ten years. He “has never paid any D.C. income taxes,” nevertheless. He notes that MicroStrategy is also a party to the litigation. Racine asserts that the business aids Saylor in avoiding hundreds of millions of dollars worth of legal tax obligations. The False Claims Act of D.C., recently revised, has become the subject of its first litigation. It incites informants to bring to light citizens who violate tax regulations by listing false addresses as their primary residences. No Comments From MicroStrategy On the latest complaint, MicroStrategy has not yet made any comments. As of Wednesday morning, when the business convened its quarterly executive partner summit, neither Michael Saylor nor the corporation had responded to Attorney General Racine’s complaint in the media. MicroStrategy is presently trading at $225.96, down $14.26 or 5.94% for ...