California Woman Sentenced to 18 Months in Prison for Concealing $2.6 Million in Crypto Crime Proceeds

A 37-year-old woman from Irvine, Orange County, California, Iris Rabaya Au, was sentenced to 18 months in federal prison for failing to report over $2.6 million in illegal earnings to the IRS. She was also ordered to pay $1.484 million in restitution, with assets including several luxury cars, high-performance vehicles, designer handbags, and three "Godfather" sculptures. Au is the ex-girlfriend of crypto fraudster Adam Iza. Prosecutors stated that between 2020 and 2024, Iza fraudulently obtained Meta advertising accounts and credit lines, selling account access and generating millions in unreported income. Following Iza's instructions, Au set up shell companies and opened bank accounts, using related funds to pay approximately $1 million to Los Angeles County police officers and to purchase or lease luxury homes, cars, jewelry, and clothing, spending nearly $10 million on entertainment, and acquiring about $16 million in cryptocurrency for Iza. From 2020 to 2023, Au transferred over $2.6 million into her personal bank accounts but did not accurately report this on her federal tax returns. She pleaded guilty to one count of false tax return in March 2025. Iza had already pleaded guilty in January 2025 to charges including conspiracy to violate rights, wire fraud, and tax evasion, with a sentencing hearing scheduled for October 5.

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