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crime20h ago
Shocking picture blows the lid on LA sheriff deputy’s crypto racket, holding rival at gunpoint
- Coberg, a former LASD deputy, was sentenced to 63 months in federal prison for extortion and civil rights conspiracy.
- The scheme involved intimidation tactics, including a sham 2021 drug arrest in Paramount to harass a rival.
- Coberg allegedly recruited two other LASD deputies to execute the plan, prosecutors said.
- The Justice Department noted Coberg betrayed his oath, abusing the badge for personal greed.
- Adam Iza, a crypto entrepreneur, pleaded guilty and is awaiting sentencing in the same case.
- Coberg was ordered to pay $127,000 in restitution to victims.
- The case underscores the risk of law enforcement abusing power for illicit gain, prosecutors said.
- Coberg pleaded guilty in September 2025, leading to his sentencing in federal court this week.
- The investigation involved a ‘Godfather’ crypto operator linked to Iza, who coordinated the extortion scheme.
- The judge also pointed to Coberg’s prior role as a helicopter pilot when describing the abuse of power.
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