News list for "Los Angeles"
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. He used his police position to provide illegal protection to Adam Iza, the self-styled "godfather of cryptocurrency," and was paid at least $20,000 a month. According to the plea agreement, Coberg repeatedly abused his law enforcement powers in 2021: he used a gun to...
On June 11 local time, the Central Branch of the Los Angeles Police Department in California said that due to the continued protests, some areas of downtown Los Angeles will continue to implement a curfew from 20:00 on the 11th to 6:00 am local time on the 12th. Los Angeles Mayor Bass declared a local state of emergency on the 10th, and some areas of the city center will implement a curfew from 20:00 on the same day to 6:00 am the next day. She also said that the curfew may last for several days...
On the 10th local time, the US Northern Command said that 700 Marines have arrived in the Los Angeles area. The US Northern Command issued a statement on the 9th saying that about 700 Marines have been mobilized and will "seamlessly integrate" with the National Guard already deployed in the Los Angeles area of California to protect federal agencies and personnel in the Los Angeles area. CNN reported that sending an entire battalion of Marines to Los Angeles marked the Trump administration's show...
In a post on his social media platform Real Social, US President Donald Trump said: "Los Angeles Police Chief Jim McDonald just said that protesters are becoming more and more radical and he will'have to reassess the situation 'to decide whether to send [US National Guard] troops. He should act now! Don't let these thugs get away with it." Trump also said, "The situation in Los Angeles is very bad! Send troops in!", "Arrest people wearing masks immediately!" (Kim Ten)
According to the official announcement of the Department of Justice, Los Angeles police recently cracked a major cryptocurrency theft case. A man who called himself the "godfather of crypto" Adam Iza conspired with a Los Angeles County Sheriff's Deputy Eric Chase Saavedra to commit crimes against multiple victims through intimidation, extortion, and illegally obtaining search warrants. Saavedra uses his police officer's...
Capital Group, a Los Angeles-based investment firm with more than $2.30 trillion under management, has become one of Metaplanet's largest shareholders. Metaplanet, headquartered in Japan, attracted attention last year for building bitcoin (BTC) reserves by imitating Michael Saylor's MicroStrategy strategy. Metaplanet currently holds 1,762 bitcoins, making it the 15th largest listed company in the world to hold bitcoin.
Kevin Rose, founder of the NFT company PROOF, whose Los Angeles home was completely destroyed in the recent California wildfires, shared footage of himself walking past burned cars and homes on social media platform Threads, saying: "It's a shame that everything was lost in the fire and nothing was left."
Coinbase announced on Friday that it has become an official partner of the Los Angeles Clippers through a sponsorship deal. This makes the cryptocurrency exchange an important part of fan interaction and branding for the NBA team's new arena, Intuit Dome. The agreement, which marks a multi-year partnership between the two parties, will provide fans with exclusive experiences, limited edition merchandise and unique digital and physical collectibles. Financial details of the partnership were not d...
Andrew Left, an activist investor and well-known short seller, turned himself in to authorities in Los Angeles on Monday and is scheduled to appear before Judge Rozella A. Oliver in US District Court this afternoon. Mr. Left faces a criminal indictment issued by the Justice Department on Thursday and charges of "entrapment" tactics by the Securities Exchange Commission. Left, who lives in Florida, faces 19 criminal charges that could see him jailed if convicted. He is accused of contempt for sub...
According to the Los Angeles Police Department (LAPD), a 26-year-old man has been arrested and charged with stealing a $579,000 application-specific integrated circuit (ASIC) bitcoin mining machine. Local reports confirm that the man has been released from jail, and the LAPD says the investigation is ongoing.
