Self-Styled 'Godfather' Adam Iza Gets 6 Years in Prison for $37 Million Meta Fraud Scheme
He must also pay $23.4 million in restitution after prosecutors said he sold access to Meta accounts and used deputies to harass rivals.
- On Tuesday, United States District Judge Percy Anderson sentenced Adam Iza to 78 months in federal prison for defrauding Meta Platforms of more than $37 million and hiring Los Angeles County Sheriff deputies to harass rivals.
- While calling himself "The Godfather," Iza defrauded Meta Platforms by selling unauthorized access to business accounts to advertisers, then simultaneously hired off-duty Los Angeles County deputies to intimidate people with whom he had financial disputes.
- Prosecutors reported Iza caused an estimated $13.3 million in tax losses and acknowledged taking at least $36.4 million in income from the scheme, while associates Eric Chase Saavedra and Iris Rabaya Au were convicted for their roles.
- This sentence runs concurrently with a 15-year prison term Iza received last month in Connecticut for an attempted Bitcoin robbery in August 2024, keeping him in federal custody following his September 2024 arrest.
- Investigators from the FBI and IRS Criminal Investigation emphasized that wealthy individuals cannot purchase law enforcement tools for private disputes, a principle reinforced by the convictions of five former Los Angeles County deputies involved in Iza's scheme.
13 Articles
13 Articles
California Con Man Dubbed 'The Godfather' Gets 78 Months For Deputized Extortion And $37M Meta Swindle
A 26-year-old Southern California man known as “The Godfather” was sentenced to 78 months in federal prison for running a multi-million-dollar tech fraud, evading his taxes, and paying off-duty sheriff’s deputies to harass his personal enemies. U.S. District Judge Percy Anderson handed Adam Iza a six-and-a-half-year term and ordered him to pay $23,402,766 in restitution. […] California Con Man Dubbed ‘The Godfather’ Gets 78 Months For Deputized …
Bitcoin.com
BITRSSSo-Called Crypto ‘Godfather’ Gets 78 Months as $37M Meta Fraud Unravels
Adam Iza called himself “The Godfather” and used money from a roughly $37 million Meta advertising fraud to hire off-duty Los Angeles County sheriff’s deputies. Five former deputies have since been convicted. On Oct. 5, a federal judge sentenced Iza to 78 months and ordered $23.4 million in restitution. The prison term runs alongside a […]
Crypto 'Godfather' Gets 78 Months For $37M Meta Fraud Scheme
TL;DR Adam Iza, who called himself “The Godfather,” has been sentenced to 78 months in federal prison. Prosecutors said he stole more than $37 million from Meta through fraud involving access to business-manager accounts and credit lines. The court also ordered more than $23.4 million in restitution; Meta was a victim of the scheme, not a participant in it. A federal judge has sentenced self-proclaimed crypto entrepreneur Adam Iza to 78 months i…
Adam Iza Gets 78 Months for $37M Meta Fraud Scheme
Adam Iza, the 26-year-old cryptocurrency businessman who called himself “The Godfather,” has been sentenced to 78 months in federal prison for a scheme that stole more than $37 million from Meta Platforms, tax evasion and using off-duty Los Angeles County sheriff’s deputies to target people with whom he had disputes. U.S. District Judge Percy Anderson also ordered Iza to pay $23.4 million in restitution. Iza pleaded guilty in January 2025 to con…
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