Crypto Crime Unveiled: Ex-Girlfriend Admits to Tax Fraud
In a surprising turn of events, Iris Ramaya Au, the former girlfriend of Adam Iza, known as the “crypto godfather,” has agreed to plead guilty to a federal tax charge. This admission is a significant step in the ongoing story of cryptocurrency-related crimes. Adam Iza, who has been involved in various illegal activities, has already pleaded guilty to federal charges.
Adam Iza’s Illegal Activities
Adam Iza, the self-proclaimed “crypto godfather,” was involved in a series of fraudulent schemes. Between 2020 and 2024, he illegally accessed advertising accounts and lines of credit from Facebook and Meta, selling access to these accounts for millions of dollars. Furthermore, he hired active Los Angeles County Sheriff’s Department deputies to provide private security. These deputies helped him obtain court-authorized search warrants and confidential law enforcement information against individuals with whom he had financial and personal disputes.
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 recreational activities, and acquire cryptocurrency worth millions of dollars. Notably, Au admitted to transferring over $2.6 million from these accounts to her personal bank accounts between 2020 and 2023, income she failed to report to the IRS.
Legal Consequences
Au’s guilty plea to the felony charge of subscribing to a false tax return could result in up to three years in federal prison. Meanwhile, Iza faces a more severe sentence, potentially up to 35 years, after pleading guilty to conspiracy against rights, wire fraud, and tax evasion. His sentencing is scheduled for June 2025.
Lessons from the Case
The case of Iris Ramaya Au and Adam Iza teaches us about the complexities and risks associated with cryptocurrency and financial fraud. It reminds us of the importance of transparency and compliance with tax laws. It also shows the severe consequences of engaging in illicit activities. As the legal proceedings continue, this case serves as a warning for those involved in the crypto world.