Self-styled 'Godfather' Adam Iza gets 6 years in prison for $37 million Meta fraud scheme
Summary
Adam Iza was sentenced to 78 months in federal prison for defrauding Meta of more than $37 million, evading taxes and using off-duty Los Angeles County sheriff’s deputies to intimidate rivals. He must pay $23.4 million in restitution. Prosecutors said he sold access to Meta advertising accounts and credit lines, and moved related corporate income through crypto custodians while concealing his ownership of a company. The scheme generated at least $36.4 million for Iza and caused an estimated $13.3 million tax loss. His sentence runs concurrently with a 15-year term imposed in Connecticut for an attempted bitcoin robbery. Five former deputies involved in the intimidation scheme have also been convicted.
