Meanwhile the taxpayer footed the bill for the FTC, its contractors, its multiple lawyers, the court, the judge, the prematurely lost jobs, the loss of tax revenue. All BFL customers lost, including those that were receiving cloud mining, already made hardware, soon to be made hardware and those in the refund queue. Even those customers who filed a class action via Wood Law got screwed by the FTC.
Chapter 11 not apply to proceedings ? The Tax man always comes first of a queue every other case Ive seen. Ive no idea why a private business is the concern and cost of government to clear up, they sold internationally as well so seems any USA customer got screwed twice over there
Rest assured that the IRS is investigating how BFL was able to write off a gambling debt unrelated to them but stemmed from Josh Zerlan of which I have the proof here in monumental asshole hands in the form of a 1099-Misc form. If BFL was willing to lower their tax liability due to a confirmed bogus ~$7K outlay, the IRS is wise enough to realize that other much larger bogus deductions were probably falsely submitted.