Crypto Crime Unveiled: Ex-Girlfriend’s Tax Admission
In a surprising turn of events, Iris Ramaya Au, the former girlfriend of Adam Iza, often called the crypto “Godfather,” has agreed to plead guilty to a serious tax charge. This is a big deal in the world of cryptocurrency crimes. Adam Iza, who has been involved in many illegal activities like fraud and tax evasion, has already admitted to his crimes[1][2]. Let’s dive into the details of this case and find out what roles Au and Iza played in these financial crimes.
Iza’s Illegal Activities
Adam Iza, the self-proclaimed crypto “Godfather,” planned and carried out many frauds. Between 2020 and 2024, he illegally accessed advertising accounts and credit lines from Facebook and Meta. He sold access to these accounts and made millions of dollars[1][2]. Not only that, but he also used active Los Angeles County Sheriff’s Department deputies to provide private security. He even got them to help him get search warrants and confidential law enforcement information against people he had financial and personal disputes with[1][2].
Iris Ramaya Au’s Part in the Crimes
Iris Ramaya Au played a key role in Iza’s operations. At his command, she created fake companies and opened bank accounts in their names. These accounts were used to hide and move illegal money, which Au then used to buy luxury items, pay for fun activities, and buy millions of dollars’ worth of cryptocurrency[1][2]. She even admitted to transferring over $2.6 million from these accounts to her personal ones between 2020 and 2023, but she didn’t tell the IRS about it[1][2].
Legal Consequences
Au’s guilty plea to the crime of not telling the truth on her tax return could mean up to three years in prison[1][2]. Iza, on the other hand, could get up to 35 years for his crimes of conspiracy against rights, wire fraud, and tax evasion[1][2]. His sentencing is set for June 2025[1].
Lessons from the Case
The case of Iris Ramaya Au and Adam Iza shows us how dangerous and risky cryptocurrency and financial fraud can be. It reminds us how important it is to be honest and follow tax laws, and how serious the consequences can be if we don’t. As the legal process continues, this story serves as a warning to those involved in the crypto world.
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Sources:
– lawfuel.com
– mynewsla.com
– panewslab.com
– binance.com