• Michael Saylor, the CEO of MicroStrategy, has been accused of tax evasion in Washington D.C.
• The whistle-blower’s disclosures alleged that Saylor was living a playboy lifestyle in D.C and had failed to pay city income taxes between 2005 and 2021.
• Judge Yvonne Williams partially dismissed the $150m lawsuit against Saylor but ruled that the District can still pursue part of the claim relating to $25m in unpaid taxes.
Michael Saylor Accused of Tax Evasion
Former MicroStrategy CEO Michael Saylor has been accused of tax evasion in Washington D.C., with former D.C. Attorney General Karl A. Racine bringing charges against him based on whistle-blower’s disclosures in April 2021. The whistle-blowers alleged that Saylor was avoiding taxes by pretending to be a resident of Florida and had bought up three prestigious Georgetown penthouses, which were then combined into a massive 7,000sq ft luxury apartment where he threw near nightly parties on his yachts while claiming to have his personal home in Florida.
False Claims Act Lawsuit Filed Against Saylor
The District of Columbia (D.C) has a relatively new law called the False Claims Act, which allows citizens to file lawsuits against alleged tax dodgers; uniquely this law allows whistle-blowers to keep a portion of any proceeds recovered from successful cases brought forward under it – with the now partially-dismissed $150m lawsuit potentially seeing the whistle-blower pocket as much as $25m from it if successful against Michael Saylor.
Court Dismisses Part Of Case Against Saylor
DC Superior Court Judge Yvonne Williams partially dismissed the case against Michael Saylor but ruled that the District can still pursue part of it relating to $25m in unpaid taxes alongside interest and penalties – implying that an appeal might be considered by D.C Attorney General Brian L Schwalb should they wish too do so despite not having explicitly mentioned it themselves yet at this current stage..
Saylor Denies Allegations
Michael Sylor is denying all allegations categorically, asserting that Florida is ‘the center of my personal and family life’ and continuing “to respectfully disagree with the District’s position on the remaining claims” suggesting he will fight them until either side gives up or wins out over time depending on how long such proceedings take should they become necessary for both sides involved going forward..
In conclusion this case seems destined for some form of courtroom test owing to its unique nature being first ever involving DC’s False Claims Act – although exactly what shape or form such tests may take remains unclear at present given we are only at dismissal stage rather than trial or sentencing stages yet at this time!.