An American woman sentenced to 18 months in prison for concealing $2.6 million in cryptocurrency-related illegal income.

TechFlow reports, on September 22, the U.S. Department of Justice announced that Iris Labaya Ao, a resident of Irvine, California, was sentenced to 18 months in federal prison for intentionally failing to report over $2.6 million in income, and ordered to pay approximately $1.484 million in restitution, with luxury cars, designer handbags, and other assets forfeited. The funds originated from criminal activities by her ex-boyfriend, cryptocurrency professional Adam Iza; Ao is also alleged to have assisted in establishing shell companies and bank accounts to transfer and utilize illicit proceeds.