The post Sheriff’s Deputy Sentenced for Extorting Rivals of Self-Styled Crypto ‘Godfather’ appeared on BitcoinEthereumNews.com.

In brief The former LASD deputy was sentenced in a federal extortion case tied to crypto “Godfather” figure Adam Iza. The case details how law enforcement authority was used to pressure rivals in financial disputes. Prosecutors said Coberg “abused the power of his badge” for greed after swearing to uphold the law. A former Los Angeles County sheriff’s deputy was sentenced to 63 months in federal prison for helping a crypto entrepreneur who called himself “Godfather” extort rivals and stage a false arrest tied to financial disputes, federal prosecutors announced Monday. The deputy, Michael David Coberg, admitted in September last year that he conspired with LA-based entrepreneur Adam Iza to pressure people involved in business conflicts with him. “Coberg swore an oath to uphold the Constitution and laws of the U.S.,” prosecutors wrote in a sentencing memorandum. “Instead, [he] betrayed that oath and those he swore to protect, abusing the awesome power of his badge. And he did so for an all-too-common reason: greed.” Coberg’s sentencing marks the latest development in the federal prosecution tied to Iza and associates accused of using intimidation and police authority to pressure rivals in financial disputes.  Crypto Godfather Iza, who went by his moniker “Godfather,” gained notoriety after federal prosecutors accused him of running fraudulent marketing and crypto schemes while surrounding himself with off-duty deputies who acted as bodyguards and advisers during disputes witLos Angelsh business rivals. Investigators say he paid law enforcement officers large sums to accompany him, gather information on opponents, and pressure people involved in financial conflicts. At one point, Iza had been accused of posing as an FBI officer to extort crypto at gunpoint. Iza was arrested in September 2024 on charges of conspiracy, wire fraud, and tax evasion tied to several alleged fraud schemes, including a $37 million…

---

Filed under: News - @ March 17, 2026 4:24 am