US Attorney's Office for the Central District of California

Company

Last mentioned: Mar 17, 2026

Timeline

  1. Federal Sentencing

    A federal judge sentences Coberg to 63 months in prison and orders restitution.

  2. Coberg Pleads Guilty

    Former deputy Michael David Coberg admits to federal extortion and civil rights charges.

  3. Iza Taken Into Custody

    Crypto entrepreneur Adam Iza is detained by federal authorities following a guilty plea.

  4. Sham Arrest Orchestrated

    Coberg and two other deputies carry out a fake drug arrest in Paramount to intimidate Iza's rival.

Stories mentioning US Attorney's Office for the Central District of California 1

Regulation Very Bearish

LASD Deputy Sentenced to 5 Years in 'Crypto Godfather' Extortion Scheme

Former Los Angeles County Sheriff’s deputy Michael David Coberg has been sentenced to 63 months in federal prison for his role in a violent extortion racket led by crypto entrepreneur Adam Iza. Coberg abused his law enforcement authority to orchestrate sham arrests and intimidate Iza’s business rivals in exchange for financial gain.

2 sources

About US Attorney's Office for the Central District of California coverage

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