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Billionaire bitcoin investor Michael Saylor and the company he founded, MicroStrategy , will pay $40 million to settle a tax fraud lawsuit brought by the Washington D.C. Attorney General, the AG's office announced Monday. The D.C. attorney general charged both Saylor and MicroStrategy with tax evasion, claiming that the company helped its founder disguise his D.C. residency so that he could avoid paying higher income taxes. MicroStrategy also allegedly failed to pay the corporate taxes required for a company employing D.C. residents, of which Saylor was only one of several. The original suit against Saylor was brought in 2022 by former D.C. attorney general Karl Racine. From 2006 to 2008, Saylor bought three luxury D.C. condos that he later renovated into a single complex that he called the "Trigate."
Persons: Michael Saylor, Saylor, Brian Schwalb, MicroStrategy, Karl Racine, Adams Morgan, James, Tony Stark Organizations: Washington D.C, Nasdaq, Forbes, District of Columbia Locations: District, Columbia, Florida, Virginia, Washington, Georgetown, Potomac, Saylor, Georgetown's, Adams
Read previewThe world of luxury real estate might seem like a place where deals are plentiful, transactions are swift, and satisfaction is guaranteed. "I wanna be free to garden and travel and not have to worry about the house — but I'm not taking nothing," Morgan told Curbed. "A lot of luxury buyers may already have a primary home, so maybe they're looking for a new investment," StreetEasy Senior Economist Lee said. AdvertisementThat's partly why more luxury buyers are increasingly considering renting out their homes rather than selling them, he added. Concierge AuctionsLee noted another factor contributing to the difficulty of selling luxury properties: the high costs associated with their maintenance and upkeep.
Persons: , Kenny Lee, Sonja Morgan, John Adams Morgan, Morgan Chase, Morgan, Curbed's Bridget Read, I'm, Michael Jordan, There's, Nile Niami, Richard Saghian, Ron DeSantis, Lee, canalso, It's Organizations: Service, Business, Housewives, New, Fashion, Florida Gov, Morgans, Yorker Locations: New York City, New York, Chicago, Los Angeles, Upper Eastside
"A lot of times, people try to hide in the herd, and we try to fit in, and I think that's the worst advice." Anne Mahlum started the boutique fitness chain Solidcore in 2013. Building empathy, maintaining disciplineMahlum's hard-charging approach may have helped her build a fitness empire, which now has more than 100 locations across the U.S. "When we had to do some of those layoffs [I didn't realize] I was taking away [former employees'] social life, their workout life, their friendships, not just their job," Mahlum says. A lifelong athlete, Mahlum says she decided to start Solidcore after being humbled by a L.A.-based Pilates class.
Persons: Anne Mahlum, , Mahlum, It's, Adams Morgan, who'd Organizations: CNBC Locations: U.S, Washington
Caroline Berens had been perfectly happy living alone for a couple of years in Washington, when her younger sister, Emma, announced that she was planning to move to the city. So Ms. Berens didn’t immediately extend an invitation to be roommates in her one-bedroom rental in Dupont Circle. “I’ve always been frugal and have saved money to buy a home since I started babysitting at 12,” Caroline Berens said. Email: thehunt@nytimes.com]“I’m coming from college life, where I lived with three other roommates, so I’m not worried about sharing a home with Caroline,” Emma said. “Plus,” she said, “I was determined to avoid living in a basement.”Both sisters are tall, so Caroline wanted high ceilings.
Persons: Caroline Berens, Emma, Berens didn’t, , haven’t, , Berens, we’ve, ” Emma Berens, “ I’ve, ” Caroline Berens, I’m, Caroline, ” Emma, Adams Morgan, Lucy, “ Caroline, Claudia Ornelas, Ms, Ornelas Organizations: Brunswick Group, Harvard, Locations: Washington, Dupont, Boston
Mahlum wagered everything to start Solidcore, a Washington D.C.-based company that brands itself as "Pilates core workouts redefined." Seven months later, she threw all her savings — $175,000 worth — into launching her own version of the company. She also raised $5 million from family and friends, leaving her with 80% of the startup's equity, she adds. CNBC Make It: What convinced you to pour your life savings into a Pilates business after a single workout? But I had a realization: If I take this money, all I'm communicating is that I'm doubting myself.
Persons: wasn't, she'd, , Anne Mahlum, Solidcore, Mahlum, Adams Morgan, Larry Solomon —, I'd, Warren Buffett Organizations: Washington D.C, Global Health, Fitness, CNBC, Kohlberg, Company Locations: Washington, Philadelphia, New York City, Adams
What to expect from the jobs report on Friday
  + stars: | 2023-01-05 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +7 min
Minneapolis CNN —Friday’s jobs report is expected to show that the US economy added 200,000 jobs in December, with the unemployment rate holding steady for the third-straight month at 3.7%. “The preponderance of evidence suggests that the labor market is still nowhere near back to normal,” said Julia Pollak, senior economist with ZipRecruiter online employment marketplace. Historically tightThe US labor market remains atypically tight — something that was reinforced Wednesday when the Bureau of Labor Statistics released its Job Openings and Labor Turnover Survey (JOLTS) report for November. It showed there were still north of 10.5 million job openings, or about 1.7 available positions for every unemployed person looking for work. “But it’s unclear how far inflation can fall without the labor market deteriorating, or rather, it’s not clear what the underlying pace of inflation is with the labor market this tight.”—CNN’s Matt Egan contributed to this report.
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