Crypto ‘Godfather’ Gets 78 Months For $37M Meta Fraud Scheme
Summary
Self-described crypto entrepreneur Adam Iza was sentenced to 78 months in prison after pleading guilty to conspiracy against rights, wire fraud and tax evasion. Prosecutors said he stole more than $37 million from Meta by fraudulently accessing business accounts and credit lines, and paid off-duty Los Angeles County sheriff’s deputies to conduct illegal searches and intimidate people. A judge ordered Iza to pay $23,402,766 in restitution. The case primarily involved fraud and abuse of law-enforcement connections; Iza’s crypto persona was part of his public image, not the core of the crimes.
