Ex-LA Cop Gets 5 Years for Helping Crypto ‘Godfather’
A former LA deputy received a 5-year sentence for aiding a crypto founder, known as “The Godfather,” in extortion and a drug-related arrest.Summary
Michael Coberg, a former Los Angeles County Sheriff’s Department deputy, has been sentenced to 63 months in prison and ordered to pay $127,000 in restitution for his involvement in crimes orchestrated by Adam Iza, the founder of the crypto trading platform Zort and nicknamed “The Godfather.” Coberg pleaded guilty to conspiracy to commit extortion and conspiracy against rights. Prosecutors revealed that Coberg received at least $20,000 monthly for security services while assisting Iza in extorting rivals and framing individuals. One instance involved Coberg accompanying Iza to record a victim, “L.A.,” transferring $127,000 under duress, and another involved setting up a rival, “R.C.,” for a drug arrest. The sentencing memorandum highlighted Coberg’s abuse of power motivated by greed. Iza has also pleaded guilty and awaits sentencing.
(Source：Cointelegraph)