District Judge Robert Pitman’s decision restricts Frank Ahlgren’s access to more than $124 million in digital assets. It served as an interim measure for an earlier conviction against a crypto investor.
Texas authorities intend to collect an additional $1 million from the convicted person in damages. At the same time, Ahlgren will be allowed to pay his monthly living expenses with cryptocurrency.
The Ahlgren case has become a landmark case for the US judiciary regarding the settlement of issues related to tax evasion by crypto investors. DOJ v. Ahlgren sets a legal precedent for how the judiciary will handle similar issues in the future.
Ahlgren was convicted in December 2024 and received a two-year prison sentence for filing false tax returns and evading taxes on $3.7 million worth of Bitcoin sales.
Source: Bits
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