Frances Haugen, a Facebook whistleblower, has revealed that she can support herself financially thanks to previously made crypto investments.
The 37-year-old data scientist and former Facebook employee has moved to Puerto Rico to be closer to her “crypto friends” and deal with a medical condition.
“For the foreseeable future, I’m fine, because I did buy crypto at the right time,” Haugen stated in an interview with the New York Times published Sunday when asked how she’s supported herself since leaving Facebook.
As TheBL previously reported, during an interview on CBS’ 60 Minutes show on Sunday, Oct. 3, Haugen admitted that she was the one who revealed internal documents and investigations showing that Facebook knew about the harmful effects caused by its platforms, which The Wall Street Journal previously published.
In her testimony before the Senate, Haugen insisted that Facebook’s internal investigation, published by her, exposed that its platforms amplify hate, misinformation, and political unrest. Yet, the company concealed what it knew and continued to work along the same lines.
According to the Independent, despite her concerns that her revelations may ruin her career, Ms. Haugen claims that her crypto investments are now helping her stay afloat.
Ms. Haugen added that she is currently backed by donors, including non-profit groups supported by Pierre Omidyar, the billionaire creator of eBay.
Ms. Haugen claims that she has only accepted support from these non-profit groups for travel and similar expenses.
According to the New York Post, because of its status as a tax haven, Puerto Rico—a U.S. territory known for its beaches, rainforests, and Spanish Colonial architecture—has become a destination for cryptocurrency investors like Haugen in recent years.
People who live in Puerto Rico for at least half of the year are exempt from paying taxes on interest, dividends, and capital gains, which means they can profit from crypto and other investments without paying Uncle Sam.
In the New York Times interview, Haugen revealed little detail about her crypto investments and friends. It is unclear whether she will be eligible for Puerto Rico’s tax exemptions under Act 22, also known as “The Individual Investors Act,” approved in 2012.