Ex-Girlfriend of ‘The Godfather’ Pleads Guilty to Tax Evasion in $16M Crypto Case

Iris Ramaya Au, a 35-year-old Irvine resident and former girlfriend of a self-proclaimed cryptocurrency fraudster often known as “The Godfather,” has agreed to plead responsible to a federal tax cost for failing to report greater than $2.6 million in illicit earnings tied to her ex-boyfriend’s legal actions.

Au faces a single felony depend of subscribing to a false tax return and is anticipated to seem in the US District Courtroom in Los Angeles within the coming days.

Fraud Investigation

In line with the Division of Justice’s announcement, her plea settlement revealed that her then-boyfriend, recognized as Iza, orchestrated numerous fraudulent schemes from 2020 to 2024 which included unlawfully acquiring entry to promoting accounts and credit score strains from Fb Inc. and Meta Platforms Inc. He profited considerably from promoting entry to those accounts and ended up accumulating thousands and thousands in unreported earnings.

Moreover, Iza engaged Los Angeles County Sheriff’s Division deputies to offer non-public safety and directed them to safe search warrants and entry confidential legislation enforcement data to focus on people with whom he had monetary and private disputes.

Beneath Iza’s course, Au established shell firms and opened financial institution accounts of their names, which have been then used to hide illicit funds. These funds have been used to pay roughly $1 million to the deputies, primarily in money, and to finance a lavish life-style that included luxurious actual property, high-end automobiles, jewellery, designer clothes, and leisure actions amounting to just about $10 million.

Au Faces 3 Years, Iza Faces 35

Au is alleged to have facilitated the acquisition of roughly $16 million in cryptocurrency for Iza. In her plea settlement, Au admitted to transferring over $2.6 million from these accounts into her private financial institution accounts between 2020 and 2023.

Nevertheless, she knowingly didn’t report this earnings to the IRS on her federal tax returns.

If convicted, Au faces a most sentence of three years in federal jail. Her former companion, Iza, pleaded responsible to conspiracy towards rights, wire fraud, and tax evasion on January 30. He’s set for sentencing on June 16, the place he faces a most penalty of 35 years in federal jail. Iza has remained in federal custody since September 2024.