IRS’s Top Cryptocurrency Cases of 2023: A Closer Look at High-Profile Investigations

The IRS’s Criminal Investigation unit revealed its top cases of 2023, spotlighting four major instances involving cryptocurrency-related offenses. Chief Jim Lee underscored successful crackdowns on global tax schemes, multi-level marketing linked to crypto, and uncovering a historic fraud around renewable fuel credits.

Among these cases, the list featured “Bruno Block,” aka Amir Bruno Elmaani, the Oyster Pearl crypto founder, sentenced to four years for evading taxes despite lavish spending. Another notable case was James Zhong, involved in Silk Road, where $3.4 billion in crypto was seized post the darknet marketplace’s shutdown.

Securing the fourth spot was Ian Freeman, sentenced to eight years for running a bitcoin money laundering operation in New Hampshire, washing $10 million from online scams. The list’s third position went to Karl Sebastian Greenwood, co-founder of OneCoin, convicted for orchestrating a $4 billion scam and facing 20 years in prison plus hefty restitution.


Disclaimer: Not Investment Advice

it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.

Follow Us

Top Selling Multipurpose WP Theme


Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!


Crypto feed news

Our team of crypto enthusiasts and market mavens is on a mission to deliver the latest, juiciest, and most insightful updates from the ever-evolving world of cryptocurrencies.

@CryptoFeedNews 2023 All Right Reserved. Designed and Developed by TheDevThingz

Skip to content