A Pennsylvania man is facing six years in prison for filing false tax returns related to the sale of CryptoPunks
"A Pennsylvania man could face up to six years in prison after pleading guilty to filing false tax returns to conceal millions of dollars in revenue from CryptoPunks sales. Waylon Wilcox, 45, pleaded guilty in federal court on April 9 to underreporting more than $13 million in revenue from 97 CryptoPunks transactions between 2021 and 2022.
The unreported gains reduced his tax bill by more than $3.20 million, according to the U.S. Attorney's Office for the Central District of Pennsylvania. "