The post Witness Says LA ‘Godfather’ Impersonated FBI to Steal Crypto at Gunpoint appeared on BitcoinEthereumNews.com.

A Los Angeles crypto entrepreneur, who went by the name “The Godfather,” allegedly impersonated the Federal Bureau of Investigation (FBI) to steal crypto at gunpoint. During the 2018 robbery, Adam Iza allegedly stole a laptop containing the cryptocurrency, held a person known as “Victim T.W.” and his girlfriend at gunpoint, and demanded the passwords for the laptop in order to access the cryptocurrency. Iza was arrested earlier this week and stands accused of conspiracy and tax evasion. He’s set to appear before a California district judge on October 8, according to court filings. He used to run a cryptocurrency trading platform known as Zort, which billed itself “as an automated cryptocurrency trading platform powered by artificial intelligence.” The platform had an iOS and Android app and had been covered by multiple popular crypto outlets. Its website and social channels are still operational at the time of writing. As per the FBI complaint, Iza allegedly paid tens of thousands of dollars to the personal accounts of local Los Angeles Sheriff Police (LASPD) offices “in return for their commission of unlawful acts in their capacity as law enforcement officers.” One payment to an LAPD officer, sent from Zort’s business account, totaled $154,933. These acts may have included harassing his enemies and carrying out arrests and searches. According to the filing, Iza is accused of having paid police officers to harass his enemies and carry out searches. In several instances, he’s accused of sending intimidating text messages and asking to have a personal enemy arrested on drug charges. In September 2021, a person identified as “Victim R.C.” was pulled over by an LAPD Deputy and arrested due to the possession of narcotics, and his home was later raided. The victim claims he was unaware of the substances. “Victim R.C.,” who said they worked…

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Filed under: News - @ September 27, 2024 8:22 pm