$2.6 Million Tax Fraud: "The Godfather" Adam Iza's Ex-Girlfriend to Plead Guilty

Between 2020 and 2023, Au managed and spent funds that were allegedly obtained through fraud. She used shell companies to move money and funded an extravagant lifestyle, which included expensive cars, real estate, and cryptocurrency investments.

Prosecutors claim she knowingly withdrew large sums into her personal accounts without reporting them to tax authorities.

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Her plea deal acknowledges her role in handling the funds, and she now faces up to three years in prison. A final decision on her sentencing is expected later this year.

Au has also agreed to cooperate with investigators, which could impact the sentence.

With Au’s cooperation, prosecutors continue to expose the full extent of Iza’s network.

Iza, who was arrested in September 2024, has been accused of multiple financial crimes, including wire fraud and tax evasion. Prosecutors say his schemes went beyond digital finance, pointing to his role in defrauding Meta of $37 million by exploiting Facebook’s advertising system through his crypto platform, Zort.

In January, Iza pleaded guilty to fraud, conspiracy, and tax-related charges. He is scheduled to be sentenced on June 16, and if convicted, he could serve up to 35 years in prison.

Meanwhile, on February 20, a former payroll manager at WeChain, Ho Kai Xin, was sentenced to nine years and 11 months in prison. What happened? Read the full story.