US court sentences Adam Iza to 78 months for $37M Meta fraud
- —Iza received 78 months for a $37 million fraud against Meta
- —The sentence runs concurrently with 15 years for a bitcoin theft attempt
- —Court ordered $23.4 million in restitution
- —Five former sheriff's deputies were convicted for aiding intimidation
Why it matters: The case shows crypto custodians being used to hide fraud proceeds and evade taxes.
Source: The Cryptonomist (IT)
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