BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Former LA Sheriff’s Deputy Pleads Guilty in Cryptocurrency-Linked Extortion Scheme
Former LA Sheriff’s Deputy Pleads Guilty in Cryptocurrency-Linked Extortion Scheme
26
1
BTCCSquare news:
Michael Coberg, a 44-year-old ex-Los Angeles County Sheriff's deputy, has admitted to federal charges of conspiracy and civil rights violations stemming from his partnership with convicted crypto entrepreneur Adam Iza. The disgraced law enforcement officer Leveraged his position to intimidate business rivals while earning $20,000 monthly through their illicit arrangement.
The duo's criminal enterprise included a brazen October 2021 incident where they kidnapped a business associate at gunpoint, coercing a $127,000 transfer. Coberg's law enforcement credentials were weaponized to fabricate drug charges against competitors months earlier. Their operations extended to planned steroid distribution before the scheme unraveled.
By:
