Ex-Deputy Sentenced for Role in Crypto Extortion Scheme
- Former Los Angeles County sheriff’s deputy Michael David Coberg received a federal prison sentence of 63 months.
- Coberg conspired with crypto entrepreneur Adam Iza, known as “Godfather,” to extort business rivals.
- Iza was involved in fraudulent marketing and crypto schemes, generating tens of millions, including $16 million in crypto.
- Coberg was paid at least $20,000 monthly while still serving as a law enforcement officer.
- Iza is awaiting sentencing on charges of conspiracy, wire fraud, and tax evasion.
The case highlights the misuse of law enforcement authority by Coberg to aid Iza in financial disputes through intimidation and false arrests. This marks a significant development in the ongoing federal prosecution against Iza and his associates for their extensive criminal activities.
Coberg’s actions underscore the severe breach of trust when law enforcement officers exploit their positions for personal gain, as evidenced by his involvement in extorting over $127,000 from victims under duress.(Source)
