MicroStrategy and founder Michael Saylor reach $40 million settlement

According to Lauren Hirsch of DealBook, the Attorney General of Washington D.C. reached a $40 million settlement with billionaire and bitcoin investor Michael Saylor and his software company MicroStrategy for tax fraud. It is reported to be the largest income tax fraud recovery case in the history of the region. This is also the first lawsuit under the revised False Claims Act in the region, which encourages whistleblowers to bring tax evasion charges against residents who are alleged to have concealed their actual place of residence.