Crypto 'Godfather' Adam Iza sentenced to 78 months for $37M Meta fraud and sheriff deputy scheme
Adam Iza, described as a crypto 'Godfather,' has been sentenced to 78 months in prison for a $37 million Meta fraud, tax evasion, and conspiring with off-duty Los Angeles sheriff's deputies to target rivals.
Adam Iza, a self-proclaimed crypto 'Godfather,' was sentenced to 78 months—over six years—in prison for fraud, tax evasion, and conspiring with corrupt Los Angeles sheriff's deputies, according to reporting from Decrypt, Crypto Briefing, and The Block.[1][2][3][4]
The case involved a $37 million fraud related to Meta, alongside the hiring of off-duty deputies to pull warrants and obtain personal data on Iza's rivals. Following the illicit activity, Iza moved proceeds from the operation through cryptocurrency custodians.[1][2][3]
The 78-month sentence will run concurrently with a 15-year term Iza received the previous month for an attempted bitcoin robbery, The Block reported.[4]
Key facts
- Adam Iza was sentenced to 78 months (over six years) in prison.
- The conviction covers a $37 million Meta fraud, tax evasion, and conspiring with corrupt Los Angeles sheriff's deputies.
- Iza hired off-duty deputies to pull warrants and gather personal data on his rivals.
- Proceeds from the scheme were funneled through cryptocurrency custodians.
- The prison term runs concurrently with a 15-year sentence Iza received the previous month for an attempted bitcoin robbery.
Sources · 4 sources
- DE
Decrypt@DecryptMediaPost on X ·
Crypto 'Godfather' Gets Six Years for Hiring Sheriff's Deputies, $37M Meta Fraud https://t.co/IDxC3ykxUp
Open source - DE
DecryptArticle ·
Crypto 'Godfather' Gets Six Years for Hiring Sheriff's Deputies, $37M Meta Fraud Adam Iza used off-duty LA deputies to pull warrants and personal data on his rivals, then moved the proceeds through crypto custodians.
Open source - CB
Crypto BriefingArticle ·
Adam Iza sentenced to 78 months for Meta fraud and hiring ex-deputies Iza's sentencing highlights the vulnerabilities in digital platforms and the potential misuse of law enforcement ties, impacting trust and security. The post Adam Iza sentenced to 78 months for Meta fraud and hiring ex-deputies appeared first on Crypto Briefing .
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Self-proclaimed "Godfather" Adam Iza was sentenced to over 6 years in prison for fraud, tax evasion, and conspiring with corrupt LA sheriff's deputies. The sentence runs concurrently with a 15-year term he received last month for an attempted bitcoin robbery. https://t.co/lzSK6MbaB9
Open source