California Woman Sentenced to Prison for Concealing $2.6 Million in Crypto-Related Proceeds

The U.S. Department of Justice announced that Iris Rabaya Au, a 37-year-old resident of Irvine, California, was sentenced to 18 months in federal prison for failing to report over $2.6 million in illicit income to the IRS. Au, the former girlfriend of crypto fraudster Adam Iza, was also ordered to pay $1.48 million in restitution and forfeit luxury assets, including vehicles, designer handbags, and sculptures. Prosecutors stated that between 2020 and 2024, Iza generated millions through fraudulent Meta advertising account schemes. Au assisted by setting up shell companies and bank accounts to launder funds for luxury purchases, bribes to law enforcement, and the acquisition of approximately $16 million in cryptocurrency for Iza. Au pleaded guilty to filing a false tax return in March 2025. Iza, who pleaded guilty in January 2025 to charges including conspiracy and wire fraud, is awaiting sentencing and is already serving a 15-year sentence for a separate kidnapping and Bitcoin robbery case.