Just saw this wild story about Adam Iza's ex-girlfriend getting caught for massive tax fraud. Iris Ramaya Au admitted to hiding over $2.6 million in illegal income from the IRS between 2020 and 2023. She was basically using shell companies to fund a crazy luxurious lifestyle for both of them - luxury cars, real estate, crypto holdings, the whole thing.

So Adam Iza, who everyone calls 'The Godfather' in crypto circles, apparently had no idea his ex was running this scheme? Or maybe he did. Either way, Au is looking at up to 3 years in federal prison now. The U.S. Attorney's Office for the Central District of California is handling it.

It's crazy how these schemes usually fall apart eventually. Makes you wonder how many other people in the space are living off money that shouldn't exist on paper. Not a good look for the whole industry honestly.