Former LA Deputy Sentenced to Prison for Assisting 'Crypto Godfather' in Extortion Schemes
Published on March 17, 2026.
Former LA County Deputy, Michael David Coberg, has been sentenced to 63 months in federal prison for aiding a crypto entrepreneur in extortion and staging a false arrest. Coberg admitted to conspiring with Adam Iza to pressure individuals in business conflicts. Bitcoin surged above $75,000, reaching its highest level in over a month. The SEC has dismissed its case against BitClout founder Nader Al-Naj and relief defendants after a reassessment of the evasessment of evasiveness. The US, UK and UK Crypto Task Force is working together to combat approval phishing scams. Bitcoin, Ethereum ETF demand, has driven a third consecutive week of investment in digital assets.
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