Former Girlfriend of LA 'Godfather' Agrees to Plead Guilty in $2.6 Million Tax Fraud Case

Iris Ramaya Au, the former girlfriend of controversial crypto entrepreneur Adam Iza, known as the “Godfather”, has pleaded guilty in a massive tax fraud case. According to a lawsuit filed on Tuesday, 35-year-old Au admitted to failing to report $2.6 million in income derived from the criminal activities of her ex-boyfriend. This case is part of a broader federal investigation in California targeting Iza’s fraudulent financial schemes. She now faces up to three years in prison for aiding in tax evasion and manipulating illicit funds. Lavish Lifestyle Funded by Crime Between 2020 and 2023, Au actively used shell companies to launder money and fund a luxurious lifestyle alongside Iza. 🔹 Millions were spent on luxury cars, real estate, and cryptocurrencies. 🔹 Au transferred illegal funds into her personal accounts without reporting them to tax authorities. 🔹 Prosecutors claim she was fully aware that the money originated from criminal activities. As federal investigators uncovered the duo’s fraudulent operations, it became evident that the main suspect, Adam Iza, was involved in widespread fraud, technological manipulation, and systematic financial crimes. Crypto Godfather’s String of Crimes Adam Iza (24) was arrested in September 2024 and faces charges of conspiracy, fraud, and tax evasion. 📌 Key Fraudulent Activities by Adam Iza: Accumulated $16 million in crypto through fraudulent transactions.Used his trading platform, Zort, to execute large-scale scams, including a $37 million Meta (Facebook) fraud by manipulating ad accounts.Participated in an attempted violent crypto robbery during a failed home invasion in 2022.Posed as an FBI agent in 2018, held a victim and his girlfriend hostage, and demanded access to a laptop containing cryptocurrency. This case has garnered attention not only due to the staggering financial sums but also because of the extreme methods allegedly employed by Iza. Corruption and Abuse of Authority In his testimony, Iza admitted to having ties with a Los Angeles sheriff’s deputy, whom he exploited to intimidate competitors and settle personal disputes. 🔹 Manipulated search warrants to take down business rivals. 🔹 Eric Chase Saavedra, a sheriff’s deputy, is accused of helping Iza steal confidential law enforcement data. 🔹 Federal authorities claim Iza relied on extortion and fraud to build his empire. While Iza faces up to 35 years in prison, his former partner Au has agreed to cooperate with investigators, potentially reducing her sentence. When Will the Verdict Be Announced? ⚖️ Iza’s trial is scheduled for June 16, 2025. ⚖️ Iris Ramaya Au will be sentenced alongside him, with the severity of her punishment dependent on her level of cooperation with federal authorities. 💬 What do you think about this case? Will the “Crypto Godfather” serve the full 35 years?

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