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crime1h ago
How a carjacking in Connecticut led back to a man known as the crypto ‘Godfather’ in California
Ocregister.com and 1 more
- Adam Iza, a California crypto mogul, pleaded guilty to conspiracy to interfere with commerce by robbery in a case tied to a Connecticut kidnapping plot.
- The abduction plan aimed to take the Chetal couple’s parents to recover part of the stolen Bitcoins from a $245 million heist.
- Iza funded protection through a private security firm and hired off-duty deputies to intimidate enemies, prosecutors say.
- The Bitcoin theft involved 4,100 Bitcoins worth about $245 million at the time, prosecutors said.
- Iza’s actions led to other charges including wire fraud, conspiracy against rights, and tax evasion.
- The investigation implicated multiple accomplices from Florida who have pleaded guilty or are awaiting sentencing.
- Federal prosecutors described the scheme as part of a global trend of cryptocurrency theft spilling into violence.
- Iza, also known as Ahmed Faiq, maintained a Bel Air mansion while running Zort, a crypto trading company.
- Authorities said the deputies used law enforcement databases to obtain warrants under false pretenses.
- The case links a Miami nightclub confrontation to the broader Bitcoin heist and kidnapping plot.
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