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Monday, October 26, 2026Updated 07:44 UTC

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Tax Preparer Accused of Claiming Losses on Crypto Never Owned

Source: Bitcoin News · Oct 26, 2026 01:45 UTC

Pile of physical souvenir Bitcoin coins — File photo antanacoins / Flickr · CC BY-SA 2.0 · Source

The Quick Take

A Connecticut tax preparer allegedly claimed cryptocurrency losses for taxpayers who never owned the assets. The accusations form part of a broader federal prosecution involving fabricated deductions and the alleged diversion of refunds. Prosecutors Allege Crypto Losses on Nonexistent Holdings Losses on cryptocurrency that taxpayers never owned allegedly appeared on returns prepared by Yuridia Tru

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