Security· ★★· neutral·

California woman sentenced to 18 months for hiding boyfriend's crypto fraud proceeds

  • —Au set up shell companies to conceal Iza's income from 2020 to 2024
  • —Nearly $10 million passed through her firms, with another $16 million invested in crypto
  • —Au moved over $2.6 million to personal accounts without reporting the income
  • —Court ordered about $1.5 million in restitution and forfeiture of cars and valuables
Why it matters: The case signals that US prosecutors are targeting not only crypto scheme organizers but also accomplices who help hide proceeds.
Source: Bits.media
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