A Pennsylvania man hid millions from the IRS through secret NFT sales, while his girlfriend publicly asked for pageant donations for her daughter, federal authorities and social media posts show.
Waylon Wilcox, 45, of Dillsburg, pled guilty before Senior United States District Judge Malachy E. Mannion on Tuesday, April 9, to two counts of filing false individual income tax returns, according to a release by the US Department of Justice on Friday, April 11.
Prosecutors said Wilcox sold 97 NFTs from the “CryptoPunks” collection—62 in 2021 for about $7.4 million and another 35 in 2022 for roughly $4.9 million. CryptoPunks , considered pioneers of the NFT boom, are pixelated digital portraits recorded on the Ethereum blockchain.
Wilcox allegedly falsely claimed on his 2021 and 2022 tax returns that he had not sold or disposed of any virtual assets, prosecutors said. The filings failed to disclose any NFT sales or related cryptocurrency transactions, underreporting more than $13…
Boutique Travel VC raises investment cap from $1.5M to $10M to lead rounds and support portfolio companies through growth Travel...
Read moreDetails
