← Back to KHAO

Meta · Bitcoin ·

U.S. District Judge Percy Anderson also ordered Iza to pay $23.4 million in restitution

2 min read

Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.

◎ Multiple-sources

The Department of Justice released a statement announcing a 78-month prison term for the self-proclaimed "Godfather". (Jesse Hamilton/CoinDesk)

Iza pleaded guilty in January 2025 to conspiracy against rights, wire fraud and one count of tax evasion.

Key facts

Summary

Adam Iza, 26, 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. Prosecutors said Iza gained access to Meta advertising accounts and credit lines, received at least $36.4 million from the scheme and caused an estimated $13.3 million tax loss. Iza was ordered to pay $23.4 million in restitution, and his sentence will run concurrently with a 15-year term for his role in an attempted Bitcoin robbery. Adam Iza, 26, a self-styled businessman who called himself “The Godfather," was sentenced to 78 months in federal prison for defrauding Meta of more than $37 million, the U.S. Department of Justice said Tuesday. Iza was also found guilty of evading taxes and using off-duty Los Angeles County sheriff’s deputies to intimidate people he viewed as rivals, the statement added.

#Meta #Bitcoin