Last mentioned: Mar 17, 2026
Federal Sentencing
A federal judge sentences Coberg to 63 months in prison and orders restitution.
Federal Sentencing
Coberg is sentenced to 63 months in prison and ordered to pay restitution.
Sentencing Hearing
A federal judge sentences the former deputy to prison for his role in the scheme.
Coberg Pleads Guilty
Former deputy Michael David Coberg admits to federal extortion and civil rights charges.
Coberg Guilty Plea
Former deputy Coberg pleads guilty to extortion and conspiracy to violate civil rights.
Federal Indictment
Michael David Coberg and others are charged with extortion and conspiracy.
Initial Allegations
Reports surface of LASD deputies involved in a crypto-protection racket for Adam Iza.
Iza Taken Into Custody
Crypto entrepreneur Adam Iza is detained by federal authorities following a guilty plea.
Iza Taken Into Custody
Crypto entrepreneur Adam Iza is arrested and held in federal custody.
Sham Arrest Orchestrated
Coberg and two other deputies carry out a fake drug arrest in Paramount to intimidate Iza's rival.
Sham Arrest Incident
Coberg orchestrates a fake drug arrest in Paramount to harass Iza's business rival.
A former Los Angeles County Sheriff’s Department deputy has been sentenced to prison for his role in a sophisticated extortion racket involving cryptocurrency and physical threats. The case, involving the 'crypto king' Adam Iza, underscores the growing intersection of law enforcement corruption and digital asset theft.
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 scheme. Coberg abused his badge to assist crypto entrepreneur Adam Iza in intimidating and harassing business rivals through sham arrests and armed threats.
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.