One former Los Angeles County deputy received a federal prison term of more than five years for his involvement in a cryptocurrency businessman’s extortion operation. In 2021, while still with the LASD, he collaborated with cryptocurrency businessman Adam Iza, according to the Department of Justice.
A former Los Angeles County deputy has been sentenced to more than five years in federal prison for his role in a cryptocurrency extortion scheme. In 2021, Coberg, while still a deputy with the Los Angeles County Sheriff’s Department, worked with cryptocurrency businessman Adam Iza, 25, according to the Department of Justice. The Justice Department described the arrangement as part of a cryptocurrency-backed extortion operation, highlighting the involvement of a law enforcement officer in crypto crime.
According to prosecutors, Coberg’s cooperation with Iza contributed to the extortion plot, which was prosecuted at the federal level. The sentencing underscores ongoing federal scrutiny of crypto-related wrongdoing and the potential for abuse of power in crypto schemes.
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