Former LA Deputy Gets 63 Months for Assisting Crypto Boss in Armed Extortion Ring
The post Former LA Deputy Gets 63 Months for Assisting Crypto Boss in Armed Extortion Ring appeared on BitcoinEthereumNews.com.
Key Takeaways Michael Coberg, ex-Los Angeles Sheriff’s deputy, received a 63-month prison sentence He received $20,000 monthly payments to serve as security for cryptocurrency platform founder Adam Iza Adam Iza, self-styled “Crypto Godfather,” coerced a victim into transferring $127,000 under armed threat Coberg orchestrated a fraudulent drug arrest targeting another victim flown in from Miami Adam Iza entered a guilty plea and awaits his own sentencing hearing A former member of the Los Angeles County Sheriff’s Department has received a federal prison sentence for exploiting his law enforcement authority to assist a cryptocurrency business owner in extorting competitors and orchestrating a fraudulent arrest. Former L.A. County sheriff’s deputy Michael David Coberg, 44, of Eastvale, was sentenced today to 63 months in federal prison and ordered to pay $127,000 in restitution for helping a now-jailed, self-styled cryptocurrency businessman extort a rival and arrange the sham illegal… pic.twitter.com/ZwO03ilvRt — US Attorney L.A. (@USAO_LosAngeles) March 16, 2026 On Monday, Michael Coberg, age 44, received a 63-month federal prison term. The court additionally mandated he pay $127,000 in victim restitution. In September, Coberg entered a guilty plea to charges of conspiracy to commit extortion and conspiracy against rights. Federal prosecutors revealed that Coberg collected a minimum of $20,000 monthly to serve as a security contractor for Adam Iza, who established the cryptocurrency trading platform Zort. Iza styled himself as the “Crypto Godfather.” Iza has remained in federal detention since September 2024. Armed Coercion and Financial Theft In October 2021, Coberg participated in retrieving an individual — referenced in court documents as “L.A.” — whose business associate had a financial conflict with Iza. Coberg transported this individual to Iza’s residence, where Iza filmed the victim transferring $127,000 into his bank account as Coberg provided armed supervision. Authorities confiscated the victim’s passport prior to his release.…
Filed under: News - @ March 17, 2026 9:26 am