The ex-girlfriend of the so-called “Godfather“ of crypto has confessed to evading $2.6 million in taxes.
Iris Ramaya Au, who previously dated Adam Iza, widely known as the crypto “Godfather,” admitted that she did not declare more than $2.6 million she gained from his illegal dealings.
Iris Ramaya Au, who previously dated Adam Iza—an admitted cryptocurrency fraudster nicknamed “The Godfather”—has pleaded guilty to a federal tax charge.
In a March 5 press release, the US Justice Department revealed that Au admitted to providing a false tax return by “failing to report more than $2.6 million in ill-gotten gains she obtained via her then-boyfriend’s criminal activities.”
Iza, her ex-boyfriend, confessed in January to orchestrating multiple fraudulent schemes from 2020 to 2024. He unlawfully obtained Facebook and Meta advertising accounts, misused credit, and sold access to these platforms.
“Iza obtained millions of dollars of unreported income as a result of these schemes,” the Justice Department said.
The statement claimed that Iza ordered Au to register shell companies and secure bank accounts in their names.
Iza and his associates spent approximately $1 million of the illegal proceeds to bribe Los Angeles deputies. They used the rest to lease or purchase luxury homes, cars, jewelry, and clothing.
Reports indicate that Au and Iza allocated nearly $10 million of their illegal earnings to “recreational activity” and acquired roughly $16 million in crypto assets.
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As the founder of the Zort crypto trading platform, Iza admitted to committing wire fraud, evading taxes, and conspiring against rights.
The Justice Department revealed that Iza bribed deputies from the Los Angeles County Sheriff’s Department for protection. He also convinced them to obtain “search warrants and confidential law enforcement information targeting people with whom he had financial and personal disputes.”
In her court admission, Au stated that she transferred more than $2.6 million from multiple financial accounts into her own accounts between 2020 and 2023.
Au faces a maximum of three years in prison, a far lighter sentence than Iza’s potential 35-year term. The court scheduled Iza’s sentencing for June 16.
