Authorities Could Be Investigating Craig Wright Over Failed Bitcoin Firm

Australian authorities are investigating Craig Wright, the man who believed to be Satoshi Nakamoto, bitcoin’s mysterious pseudonymous creator. Although details remain murky, CoinDesk offers possible insight into the details of this investigation.
According to an article on CoinDesk:

So far, the most compelling resource offering insight into the matter is a liquidation document for Hotwire Preemptive Intelligence Pty Limited, a bitcoin firm Wright attempted to launch in 2013.
Authored by Hotwire’s corporate advisory firm McGrathNicol, the document centers on issues between Hotwire and Australian tax authorities. As reported by Investor Daily, the dispute put a damper on Wright’s business plans, which ultimately fizzled as Hotwire’s problems with the ATO worsened.
Where the blame lies in the incident is unclear from available evidence, and may hint at bad blood between Wright and the organization.
McGrathNicol attributes Hotwire’s failure, in part, to the ATO, which it alleges did not send AU$3.4m in goods-and-services refunds owed to the company in a timely manner. Also cited were Wright’s personal bitcoin losses due to the collapse of the now-defunct Japanese bitcoin exchange Mt Gox,
The document also provides a timeline that details the dispute over the refund.
Elsewhere, Business Insider revealed McGrathNicol has inferred that the ATO put additional pressure on Wright and his business. An update to creditors dated 23rd November shows the ATO assessed a penalty of AU$1.7m to Hotwire because it did not believe the company had a claim to the AU$3.4m.

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