On September 30, the U.S. Attorney's Office revealed that former Los Angeles County Deputy Sheriff Michael David Coberg pleaded guilty on September 26 to federal felonies including conspiracy to extort and violation of civil rights.
It used its police position to provide illegal protection to the self-styled "godfather of cryptocurrency" AdamIza, receiving at least $20,000 a month. According to the plea agreement, Coberg abused law enforcement powers several times in 2021: at gunpoint, he coerced a businessman to transfer $127,000 to Iza and plotted to make a false drug arrest on another victim. The case exposed gaps in law enforcement supervision, and the technical director of the Komodo platform pointed out that "this case marks a new level of cryptocurrency misconduct, and law enforcement officials extend public power beyond their authority". Four law enforcement officials, including Coberg, have pleaded guilty in connection with the case. The main offender Iza obtained $16 million cryptocurrency through fraud, and his ex-girlfriend also pleaded guilty to concealing $2.60 million of illegal gains. Coberg faces up to 30 years in prison, with a sentencing hearing scheduled for February 2026.
Former Los Angeles deputy has pleaded guilty to conspiring with the "godfather of cryptocurrency" for extortion
2025-09-30 06:58:45
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