Cryptocurrency6 Oct 2026SEO 801 min read

Analysis: Self-styled 'Godfather' gets 6 years in prison for $37 million Meta fraud scheme

Adam Iza’s sentence runs concurrently with a 15-year term imposed last month for his role in an attempted bitcoin robbery. Adam Iza, 26, was sentenced to 78 mo…

Adam Iza’s sentence runs concurrently with a 15-year term imposed last month for his role in an attempted bitcoin robbery. Adam Iza, 26, was sentenced to 78 months in federal prison for defrauding Meta of more than $37 million, evading taxes and using off-duty Los Angeles County sheriff’s deputies to intimidate rivals. Prosecutors said Iza gained access to Meta advertising accounts and credit lines, received at least $36.4 million from the scheme and caused an estimated $13.3 million tax loss.…

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