Deputy Gets Prison for Crypto Trader's Extortion Ring
Venice Beach News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Former LA County Sheriffs Deputy Sentenced for Crypto-Related Extortion: A summary of the episode reveals that Michael Coberg, a former helicopter pilot, was sentenced to five years and three months in prison for conspiracy charges related to extortion and civil rights violations. Coberg worked with crypto trader Adam Iza, who paid him at least $20,000 a month for protection and business advice. The schemes targeted individuals involved in business disputes with Iza, leading to intimidation, fake romantic lures, and staged drug busts. Two other ex-deputies also pleaded guilty in the case, and federal prosecutors are continuing to investigate the enforcement ring.
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