justice

The arrest of former British royal Andrew Mountbatten-Windsor has reignited demands for full accountability over Jeffrey Epstein’s crimes and deeper investigations into the late sex offender’s global network, both in the United States and internationally.

Authorities in the United Kingdom detained the ex-prince, the brother of King Charles, on Thursday. Officials confirmed that an inquiry has been launched into potential misconduct in public office, though they did not explicitly name Mountbatten-Windsor in their statement.

#Justice #JefferyEpstein #BritishMonarchy

📅 February 11 - United States | The exchange platform Paxful Holdings Inc. was sentenced to pay $4 million after federal prosecutors concluded that the company benefited from serious failures in its anti-money laundering controls, allowing the movement of funds linked to fraud, prostitution, and sex trafficking.

📖According to the official statement from the Department of Justice (DOJ), Paxful allegedly promoted its lack of strict anti-money laundering (AML) controls as a competitive advantage, attracting users seeking to move funds without oversight.
Assistant U.S. Attorney A. Tysen Duva stated that the company “profited from moving money for criminals,” even knowing that these clients were involved in fraud, extortion, prostitution, and commercial sex trafficking.
One of the most serious aspects of the case involves its connection to Backpage, a website historically used by prostitution rings, including cases involving minors. Between 2015 and 2022, transactions related to Backpage and another similar portal allegedly channeled approximately $17 million in Bitcoin from Paxful wallets to these sites.
According to prosecutors, the platform earned at least $2.7 million in profits from this activity. Internally, the founders even referred to the growth driven by this flow as the “Backpage Effect”.
The legal troubles accelerated in recent years. In 2024, co-founder Artur Schaback pleaded guilty to failing to implement an effective anti-money laundering program and falsely claiming that the platform did not require Know Your Customer (KYC) processes.
Subsequently, in December, the company itself pleaded guilty. Paxful had suspended operations in 2019, but the legal process continued until the penalty was determined.
Initially, the DOJ proposed a fine exceeding $112 million. However, after an independent financial analysis, it was determined that the company lacked the capacity to pay that amount, reducing the penalty to $4 million.

Topic Opinion:
Decentralization is not synonymous with a lack of accountability. Platforms that operate with digital assets must understand that the lack of AML and KYC controls is not a business advantage, but a legal time bomb.
💬Do you think the fine was sufficient considering the amounts involved?

Leave your comment...
#aml #bitcoin #Justice #BTC #CryptoNews $BTC

This case just took a shocking turn! Iris Ramaya Au, the ex-girlfriend of controversial crypto entrepreneur Adam Iza (known as the "Godfather"), has pleaded guilty in a massive *2.6 million* tax fraud case. 😲

*The Story So Far:*

- *Iris Ramaya Au*, 35, admitted in court that she *failed to report 2.6 million* in income between 2020 and 2023. The money came from *criminal activities* carried out by her ex, Adam Iza.

- Au allegedly used *shell companies* to *launder money* and fund her *luxurious lifestyle*. 🚗🏠💎
- *Luxury cars, real estate, and crypto* purchases funded by illegal activities.
- She transferred *illicit funds* into her personal accounts without reporting them to tax authorities. 💸💳

*The Crypto 'Godfather' - Adam Iza's Dark Empire:*

Adam Iza (24) was arrested in *September 2024*, facing multiple charges including *conspiracy, fraud, and tax evasion*. 💥💥

*Key details of Iza's fraud schemes*:
- *16 million* in crypto fraudulently acquired.
- Used his trading platform, *Zort*, to run large-scale scams, including a *$37 million Meta (Facebook)* fraud by manipulating ad accounts. 💻📉
- *Violent crypto robbery attempt* in 2022 during a failed home invasion. 😱💰
This story is getting crazier by the minute!

*The Involvement of Corruption:*

Iza had ties to *corruption* at the *Los Angeles Sheriff's Department*:
- *Eric Chase Saavedra*, a sheriff’s deputy, allegedly helped Iza by *manipulating search warrants* to target business rivals. 🚔💼
- Iza used *extortion* and *fraud* to build his criminal empire. 😤💣

*What's Next?*

- *Adam Iza* faces up to *35 years in prison*. 😲
- *Iris Ramaya Au* has agreed to cooperate with investigators, which could reduce her sentence. ⏳

*Trial and Verdict:*
- Iza's *trial* is scheduled for *June 16, 2025*. ⚖️
- Au will be sentenced *alongside him*, with her punishment likely depending on her cooperation. 🤝

*Conclusion:*

This is one of the *biggest fraud cases* in the crypto world, with some serious *twists and turns*. Will Iris get leniency for cooperating? Can Adam Iza escape his *35-year sentence*? Time will tell, but this case is far from over. Stay tuned! 🔎👀

#CryptoFraud #TaxFraud #AdamIza #CryptoScams #Justice