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D.C.

Photo by AP Photo/Rebecca Blackwell
Sep 29, 2022

D.C. sues bitcoin whale Michael Saylor for tax fraud

MicroStrategy Inc. founder Michael Saylor was sued in August by the city of Washington, D.C., which alleges that he defrauded the nation’s capital of more than $25 million in income taxes. The lawsuit argues that Saylor falsely claimed to reside in Virginia or Florida while instead living in a luxury Georgetown penthouse. The civil suit, filed […]

Photo courtesy TTR Southeby’s International Realty
Sep 29, 2022

Virginia 500 Spotlight: Mark C. Lowham

BEST ADVICE FOR OTHERS: You never learn anything when you are talking. FIRST JOB: Analyst for Kidder, Peabody & Co. in New York WHAT I WAS LIKE IN HIGH SCHOOL: Mr. Clean and a bit of a nerd, but I still managed to be elected student body president PERSON I ADMIRE: My father. He was […]

Sep 6, 2022

Juul settles with Va., 32 other states for $438.5M

After a two-year investigation, ongoing federal scrutiny and numerous lawsuits, Juul Labs Inc. tentatively settled with Virginia, 32 other states and Puerto Rico for $438.5 million on Tuesday. Virginia will receive $16.61 million over the next six to 10 years, state Attorney General Jason Miyares announced Tuesday, but the larger impact may be on Henrico […]

Aug 31, 2022

Bitcoin whale Michael Saylor accused of tax fraud

Tysons-based MicroStrategy Inc. Executive Chairman Michael Saylor is being sued by the city of Washington, D.C., which accuses Saylor of engaging in a fraudulent scheme to deprive the city of more than $25 million in income taxes while living in “a luxury penthouse on the Georgetown waterfront” and claiming to be a resident of Virginia […]

Graphic courtesy Something in the Water
Apr 26, 2022

Something in the Water officially heads to D.C.

Music superstar and Virginia Beach native Pharrell Williams announced Tuesday that his signature three-day music festival, Something in the Water, will be held in June in Washington, D.C., making its departure from Virginia Beach official. Scheduled for June 17-19 on Independence Avenue, the three-day festival includes a long list of pop and hip-hop artists, including […]

Feb 11, 2022

Dominion Energy to sell W.Va. utility for $690M

Dominion Energy Inc. announced Friday it had signed a definitive agreement to sell its West Virginia natural gas utility to Washington, D.C.-based financial services company Ullico Inc.’s infrastructure business for $690 million. The sale of Hope Gas Inc., also known as Dominion Energy West Virginia (DEWV), is expected to close later this year. “For nearly […]

Feb 2, 2021

Carlyle Group buys two Va. tech companies; forms Two Six Technologies

An affiliate of Washington, D.C.-based global investment firm The Carlyle Group has acquired Virginia tech companies IST Research and Two Six Labs to form Two Six Technologies Inc., which will provide tech services to the intelligence community, the Department of Defense and other national security customers. Financial terms of the acquisitions were not disclosed, but […]

Oct 26, 2020

McLean tech company buys D.C.-based firm

McLean-based information technology company Ntiva Inc. announced Thursday it has acquired Washington, D.C.-based eGuard Technology Services. Financial terms of the transaction were not disclosed. Ntiva provides managed IT, cloud hosting, cybersecurity, communications and strategic IT consulting services, while eGuard monitors, maintains and secures customer IT infrastructures through a single poin[...]

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