A federal judge has sentenced self-proclaimed crypto entrepreneur Adam Iza to 78 months in prison
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◎ Multiple-sources
The Justice Department said Iza stole more than $37 million from Meta Platforms and used off-duty sheriff’s deputies to intimidate people he viewed as rivals or threats.
Key facts
- U.S. District Judge Percy Anderson sentenced Iza to 78 months in prison and ordered him to pay $23,402,766 in restitution
- The Justice Department said Iza stole more than $37 million from Meta Platforms and used off-duty sheriff’s deputies to intimidate people he viewed as rivals or threats
- The $37 million figure refers to the amount prosecutors said was stolen from Meta
- A federal judge has sentenced self-proclaimed crypto entrepreneur Adam Iza to 78 months in prison, closing another chapter in a case that combined digital-asset wealth, fraud and abuse
Summary
Strict editorial policy that focuses on accuracy, relevance, and impartiality. Adam Iza, who called himself “The Godfather,” has been sentenced to 78 months in federal prison. Prosecutors said he stole more than $37 million from Meta through fraud involving access to business-manager accounts and credit lines. The court also ordered more than $23.4 million in restitution; Meta was a victim of the scheme, not a participant in it. A federal judge has sentenced self-proclaimed crypto entrepreneur Adam Iza to 78 months in prison, closing another chapter in a case that combined digital-asset wealth, fraud and abuse of law-enforcement connections.