Iris Rabaya Au Sentenced for Tax Fraud Linked to Cryptocurrency Operations
- Iris Rabaya Au was sentenced to 18 months in federal prison for filing a false tax return.
- She transferred over $2.6 million from company accounts into her personal bank accounts without reporting it.
- Au was ordered to pay $1,484,343 in restitution and forfeiture of luxury assets.
- Her former boyfriend, Adam Iza, directed the creation of shell companies and bank accounts used in the scheme.
- Approximately $16 million in cryptocurrency was acquired for Iza through these operations.
The case highlights significant financial misconduct involving unreported income and misuse of law enforcement resources linked to cryptocurrency activities. The operation involved substantial sums, including $16 million in digital assets.
Au’s sentence underscores the legal repercussions of tax evasion and fraudulent financial practices tied to cryptocurrency schemes, emphasizing the importance of compliance with federal tax laws. Source
