Ex-Girlfriend of Crypto ‘Godfather’ Pleads Guilty to $2.6 Million Tax Fraud

Iris Ramaya Au, the former partner of Adam Iza, widely recognized as the crypto “Godfather,” has recently pleaded guilty to a significant federal tax charge. This case has drawn considerable attention due to the staggering amount of money involved and the criminal activities linked to her ex-boyfriend.

Details of the Guilty Plea

On March 5, the U.S. Justice Department announced that Au had admitted to failing to report over $2.6 million in ill-gotten gains acquired through Iza’s criminal enterprises. This single count of providing a false tax return highlights the serious implications of her actions and the extent of the financial misconduct involved.

Adam Iza’s Criminal Activities

Adam Iza, who has been dubbed the crypto “Godfather,” pleaded guilty in January to multiple illicit schemes that spanned from 2020 to 2024. His fraudulent activities included obtaining Meta advertising accounts through deceitful means and selling access to these accounts. The ramifications of these actions have not only affected Iza but also those connected to him, including Au.

Use of Illicit Funds

According to the Justice Department, Au utilized the proceeds from these criminal activities to fund a lavish lifestyle. Approximately $1 million was funneled into bribing deputies from the Los Angeles County Sheriff’s Department. Additionally, Au and Iza spent substantial amounts on luxury real estate, high-end vehicles, jewelry, and designer clothing.

Recreational Activities and Cryptocurrency

The couple also indulged in recreational activities valued at nearly $10 million, further showcasing the extravagant lifestyle they led with the proceeds of crime. Moreover, they managed to acquire around $16 million in cryptocurrency, raising questions about the legitimacy of their financial dealings.

Corruption and Bribery

In a shocking revelation, Iza admitted to bribing deputies to ensure his safety and to obtain confidential law enforcement information. This included securing search warrants targeting individuals with whom he had financial and personal disputes. Such actions underline the depth of corruption that has infiltrated the case, revealing a troubling nexus between crime and law enforcement.

Legal Consequences Ahead

As Au faces the consequences of her guilty plea, the legal ramifications for both her and Iza continue to unfold. The Justice Department’s involvement indicates that this case is far from over, and further investigations may reveal more about the extent of their criminal operations.

For more detailed information on this developing story, you can read the original article here.

Conclusion

The case of Iris Ramaya Au serves as a stark reminder of the potential consequences of engaging in illegal activities, especially in the fast-paced world of cryptocurrency. As the legal proceedings continue, the implications of this case will likely resonate throughout the crypto community and beyond.