Crypto Crime Unveiled: Ex-Girlfriend’s Tax Guilt
The world of cryptocurrency has been buzzing with a surprising turn of events. Iris Ramaya Au, the former girlfriend of Adam Iza, a man known as the crypto “Godfather,” has agreed to plead guilty to a federal tax charge. This is a significant development in the ongoing story of cryptocurrency-related crimes.
Adam Iza’s Criminal Web
Adam Iza, the self-proclaimed crypto “Godfather,” was involved in a series of illegal activities. Between 2020 and 2024, he fraudulently accessed advertising accounts and lines of credit from big tech companies like Facebook and Meta. He sold access to these accounts, making millions of dollars in the process. But that’s not all. Iza also hired active Los Angeles County Sheriff’s Department deputies for private security. He used them to get court-authorized search warrants and confidential law enforcement information against people he had financial and personal disputes with.
Iris Ramaya Au’s Role
Iris Ramaya Au played a significant part in Iza’s operations. At his direction, she created shell corporations and opened bank accounts in their names. These accounts were used to funnel illicit funds, which Au then used to buy luxury items, pay for fun activities, and even acquire millions of dollars’ worth of cryptocurrency. Between 2020 and 2023, Au admitted to transferring over $2.6 million from these accounts to her personal bank accounts. However, she failed to report this income to the IRS.
Facing the Law
Au’s guilty plea to the felony charge of subscribing to a false tax return could mean up to three years in federal prison. Meanwhile, Iza, who has already pleaded guilty to conspiracy against rights, wire fraud, and tax evasion, faces a much severer sentence. He could potentially spend up to 35 years in prison. His sentencing is set for June 2025.
Lessons Learned
The case of Iris Ramaya Au and Adam Iza teaches us about the complexities and risks in the world of cryptocurrency and financial fraud. It shows us the importance of being transparent and following tax laws. It also reminds us of the serious consequences of engaging in illegal activities. As the legal process continues, this story serves as a warning for those involved in the crypto world.