This case just took a shocking turn! Iris Ramaya Au, the ex-girlfriend of controversial crypto entrepreneur Adam Iza (known as the "Godfather"), has pleaded guilty in a massive *2.6 million* tax fraud case. š²
*The Story So Far:*
- *Iris Ramaya Au*, 35, admitted in court that she *failed to report 2.6 million* in income between 2020 and 2023. The money came from *criminal activities* carried out by her ex, Adam Iza.
- Au allegedly used *shell companies* to *launder money* and fund her *luxurious lifestyle*. šš š
- *Luxury cars, real estate, and crypto* purchases funded by illegal activities.
- She transferred *illicit funds* into her personal accounts without reporting them to tax authorities. šøš³
*The Crypto 'Godfather' - Adam Iza's Dark Empire:*
Adam Iza (24) was arrested in *September 2024*, facing multiple charges including *conspiracy, fraud, and tax evasion*. š„š„
*Key details of Iza's fraud schemes*:
- *16 million* in crypto fraudulently acquired.
- Used his trading platform, *Zort*, to run large-scale scams, including a *$37 million Meta (Facebook)* fraud by manipulating ad accounts. š»š
- *Violent crypto robbery attempt* in 2022 during a failed home invasion. š±š°
This story is getting crazier by the minute!
*The Involvement of Corruption:*
Iza had ties to *corruption* at the *Los Angeles Sheriff's Department*:
- *Eric Chase Saavedra*, a sheriffās deputy, allegedly helped Iza by *manipulating search warrants* to target business rivals. šš¼
- Iza used *extortion* and *fraud* to build his criminal empire. š¤š£
*What's Next?*
- *Adam Iza* faces up to *35 years in prison*. š²
- *Iris Ramaya Au* has agreed to cooperate with investigators, which could reduce her sentence. ā³
*Trial and Verdict:*
- Iza's *trial* is scheduled for *June 16, 2025*. āļø
- Au will be sentenced *alongside him*, with her punishment likely depending on her cooperation. š¤
*Conclusion:*
This is one of the *biggest fraud cases* in the crypto world, with some serious *twists and turns*. Will Iris get leniency for cooperating? Can Adam Iza escape his *35-year sentence*? Time will tell, but this case is far from over. Stay tuned! šš