Security· ★★· bearish·

Ex-Girlfriend of Crypto 'Godfather' Gets 18 Months for Hiding $2.6M From IRS

  • —Au concealed over $2.6 million in income on 2020–2023 tax returns
  • —She received 18 months in prison and must pay $1,484,343 in restitution
  • —Her companies purchased roughly $16 million in cryptocurrency for Iza
  • —Cars, designer handbags and three 'Godfather' sculptures were forfeited
Why it matters: The case highlights how crypto is used to launder and conceal income, adding pressure from the IRS on unreported crypto operations.
Source: Bitcoin.com
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