Dillsburg Man Concealed $13 Million in NFT Sales While Showing Off Travel Photos, Ignoring Girlfriend’s Requests for Pageant Donations

Waylon Wilcox, 45, of Dillsburg, pled guilty before Senior United States District Judge Malachy E. Mannion on Tuesday, April 9, to two counts of filing false individual income tax returns, according to a release by the US Department of Justice on Friday, April 11.

Prosecutors said Wilcox sold 97 NFTs from the “CryptoPunks” collection—62 in 2021 for about $7.4 million and another 35 in 2022 for roughly $4.9 million. CryptoPunks, considered pioneers of the NFT boom, are pixelated digital portraits recorded on the Ethereum blockchain.

Wilcox allegedly falsely claimed on his 2021 and 2022 tax returns that he had not sold or disposed of any virtual assets, prosecutors said. The filings failed to disclose any NFT sales or related cryptocurrency transactions, underreporting more than $13 million in total income and dodging about $3.2 million in taxes, authorities said.

Court documents explain that Wilcox knowingly made false declarations under penalty of perjury on both returns.

Meanwhile, Wilcox frequently posted travel photos on Instagram and Facebook. In a Facebook post dated April 1, his girlfriend announced that her daughter, Analiya, had qualified for a statewide beauty pageant—and requested donations and sponsorships to help cover costs.

“[My daughter] has been invited to go to states for her pageant after winning this past Saturday! With that comes of course more fees and costs,” the post read, tagging Wilcox.

Daily Voice has reached out to Wilcox’s attorney and his girlfriend for comment regarding his social media activity and the fundraising appeal amid the undisclosed NFT profits.

“IRS Criminal Investigation is committed to unraveling complex financial schemes involving virtual currencies and non-fungible token (NFT) transactions designed to conceal taxable income,” said Special Agent in Charge Yury Kruty.

Wilcox faces a maximum of six years in prison, a term of supervised release, and significant fines when sentenced. The IRS Criminal Investigation division led the probe, and Assistant U.S. Attorney David C. Williams is prosecuting the case.

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