• Infamous British-American social media influencer and five-time world kickboxing champion Andrew Tate was arrested in Bucharest, Romania in December 2022.
• Romanian police seized millions of dollars worth of luxury cars, homes, and watches from Tate and his associates, as well as hardware wallets containing digital assets worth over a hundred thousand dollars together.
• Tate has been accused of using crypto to dodge taxes and reportedly made an impressive $600,000 a month employing 75 sex workers.
Infamous Criminal Arrest
In December 2022, infamous British-American social media influencer and five-time world kickboxing champion Andrew Tate was arrested in Bucharest, Romania for charges related to human trafficking, sexual assault, and forming an organized criminal enterprise.
Seizure of Luxury Goods & Crypto Assets
Romanian police seized millions of dollars worth of luxury cars, homes, and watches from Tate and his associates. In addition to these tangible assets were hardware wallets containing digital assets worth over a hundred thousand dollars together – 5 bitcoins (BTC) worth about $110k for Andrew held by his girlfriend’s wallet and 16 bitcoins held by Tristan amounting to a total of $465k.
Tate’s Crypto Fondness
It is no secret that Tate praised cryptocurrencies as a hedge against inflation; however it is unclear if this fondness stems from personal conviction or financial gain. Despite the public admiration for bitcoin investment expressed by Altcoin Daily – a YouTube channel with over one million subscribers – Bruce Rivers‘ January 2023 YouTube video reported that Tate bragged about using crypto to dodge taxes with The Mirror report suggesting he made an impressive $600,000 a month employing 75 sex workers while dodging taxes through cryptocurrency payment methods.
Tax Evasion Allegations
The Internal Revenue Service (IRS) lists bitcoin payouts to performers as employment income requiring taxable payments; however Tate appears insistent on being above the law. Additionally, reports have emerged concerning the former kickboxer’s involvement in setting up pornographic webcam businesses which further demonstrate his controversial side showcasing questionable behavior outside the law.
Conclusion
Andrew Tate’s arrest has brought into light his controversial lifestyle filled with alleged criminal activities such as tax evasion through cryptocurrency exchange methods as well as setting up pornographic webcam businesses while evading taxation laws altogether. His seizure of luxury goods including hardware wallets full of digital assets further emphasizes the magnitude of these allegations against him but only time will tell what consequences await him legally speaking following this recent development in his life