Odaily Planet Daily News The U.S. Attorney's Office for the Middle District of Pennsylvania disclosed that Waylon Wilcox, a 45-year-old NFT trader, pleaded guilty to two charges of submitting false personal income tax returns. The trader sold 62 CryptoPunk NFTs in 2021, earning about $7.4 million in profits, and then sold another 35 CryptoPunk NFTs in 2022, making a profit of $4.9 million.
It is reported that Waylon Wilco submitted a false personal income tax return for the 2021 tax year in April 2022, underreporting about $8.5 million in income tax and about $2.1 million in taxes payable; in October 2023, Waylon Wilco submitted a false personal income tax return for the 2022 fiscal year, underreporting about $4.6 million in income tax and nearly $1.1 million in taxes payable. (Cointelegraph)