US EditionFormer L.A. County Sheriff’s Deputy Pleads Guilty to Role in Extortion Scheme of Crypto ‘Godfather’
Michael Coberg admitted to aiding a jailed crypto businessman extort rivals and orchestrate false arrests, receiving over $20,000 monthly for his role, prosecutors said.
- On Monday, Michael David Coberg, 44, former Los Angeles County Sheriff's Department deputy, pleaded guilty in downtown Los Angeles federal court to conspiracy to commit extortion and conspiracy against rights.
- Working for Adam Iza, Coberg served as a paid security adviser and business partner, earning at least $20,000 monthly while employed with the Los Angeles County Sheriff's Department, prosecutors say.
- Investigators describe a staged LAX-to-Paramount setup to engineer arrests, where Coberg advised using a white Tesla to lure victim L.A. and drove past in a black Cadillac Escalade as Iza recorded.
- United States District Judge Percy Anderson scheduled a Monday sentencing for Coberg, who faces up to 20 years on the extortion count and 10 years on the conspiracy against rights, with prosecutors noting a maximum of 30 years overall.
- Several other former deputies, including Cadman and Rodriguez, have pleaded guilty and await sentencing, while Iza amassed $16 million in crypto and spent about $10 million on luxury items, prompting concerns about misuse of power.
15 Articles
15 Articles
LA Daily News
Former L.A. County Sheriff’s deputy pleads guilty to role in extortion scheme of crypto ‘godfather’
The former deputy from Eastvale faces a maximum sentence of 30 years in federal prison.
LASD deputy admits role in extortion plot tied to corrupt cryptocurrency 'godfather'
A former Los Angeles County Sheriff’s Department deputy pleaded guilty Monday to federal conspiracy charges for helping a fraudulent cryptocurrency promoter extort a rival and orchestrate a false drug arrest of another. Michael David Coberg, 44, of Eastvale, admitted to conspiring with Adam Iza, a self-described “Godfather” involved in crypto scams and fraudulent marketing, to intimidate and extract money from Iza's adversaries. Coberg, who left…
LASD Deputy Pleads Guilty to Federal Conspiracy Charges
A former Los Angeles County Sheriff’s Department deputy pleaded guilty Monday to federal conspiracy charges for helping a now-jailed crypto mogul extort a rival and arrange the sham arrest of another of the businessman’s adversaries. Michael Coberg, 44, of Eastvale in the Inland Empire, pleaded guilty in downtown Los Angeles to conspiracy to commit extortion and conspiracy against rights. Prosecutors said Coberg and three other ex-LASD deputies …
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