Buyer and seller of hacked account logins busted for $1 million tax fraud
A Floridian who was in the business of buying and selling hacked account logins on the dark web was busted for attempted income tax evasion when he tried to hide more than $1 million in crypto earnings from the IRS in 2014–2017. Despite using services like cryptocurrency mixers (or "tumblers"), the man was unable to successfully hide the money from the IRS. He faces up to five years in prison for the tax fraud. Remember, folks, always make sure to report your ill-gotten profits to the IRS!
- "Non-Payment of Federal Income Tax on Cryptocurrency Earnings Leads to Conviction for South Florida Resident", U.S. Attorney's Office of the Southern District of Florida