California Woman Sentenced Over $2.6M Crypto Crime Proceeds
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Crypto 'Godfather' ex-girlfriend jailed for 18 months over $2.6M she hid from the IRS
On Monday, a woman from California was sentenced to 18 months in a federal prison after she did not disclose income of over $2.6 million, which was made from illegal activities, which just shows how crimes related to cryptocurrency can have legal repercussions well beyond the blockchain. Iris Au, 37 years old, lived in Irvine...
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Cryptocurrency News | Cryptocurrency Prices | Market CapCalifornia Woman Sentenced Over $2.6M Crypto Crime Proceeds
The DOJ framed the case around the act of concealment, a charge that carries distinct legal weight from direct theft or fraud, implicating money laundering statutes and obstruction of asset-recovery efforts.Read more...
According to ChainCatcher, the U.S. Department of Justice announced that Iris Rabaya Au, a 37-year-old woman from Irvine, Orange County, California, was sentenced to 18 months in federal prison and ordered to pay $1.484 million in restitution for failing to report more than $2.6 million in illicit gains to the IRS. She was also ordered to forfeit assets including multiple luxury cars, high-performance vehicles, designer handbags, and three "Godf…
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