Iris Rabaya Au has been sentenced to 18 months in federal prison after pleading guilty to concealing more than $2.6 million connected to the criminal activities of her former boyfriend, Adam Iza. Prosecutors said the money flowed through companies and bank accounts that Au established for Iza, who described himself as a crypto businessman.
The case centers on Au’s role in handling and hiding funds that authorities say were tied to fraud proceeds. In addition to the prison term, the court ordered her to pay $1,484,343 in restitution and to forfeit luxury assets.
How prosecutors described Au’s role
According to prosecutors, Au built part of the financial structure that allowed Iza to move and spend large sums of money. They said she created shell corporations and opened bank accounts that were then used to channel funds connected to his criminal conduct.
Authorities said Au used money from those accounts to pay deputies and to cover luxury purchases. Prosecutors also alleged that she helped acquire about $16 million in cryptocurrency for Iza as part of the broader operation.
Tax charge and concealed income
Au pleaded guilty after failing to report more than $2.6 million in income on her federal tax returns, according to the case outlined in court. That concealed income was described as money she obtained through Iza’s criminal activities.
Prosecutors argued that her involvement went beyond passive receipt of money. In their account, she benefited from the wealth while helping set up the banking and corporate arrangements that allowed millions of dollars in proceeds to be moved, spent, and hidden.
Sentence and financial penalties
The court imposed an 18-month federal prison sentence on Au. It also ordered her to pay $1,484,343 in restitution, reflecting part of the financial consequences attached to the case.
She was further ordered to forfeit luxury assets. The source article did not specify which assets were included, but the forfeiture order adds to the prison term and restitution already imposed.
What comes next for Adam Iza
Iza is facing separate sentencing in California after pleading guilty to conspiracy against rights, wire fraud, and tax evasion. His case is distinct from Au’s sentencing, though prosecutors tied her conduct to the handling of proceeds from his criminal activities.
He also faces an additional federal case arising from prior criminal activities. The next confirmed step mentioned in the case is Iza’s separate sentencing in California.
Source: news.bitcoin.com