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Market News

Ex-LA Cop Pleads Guilty to Extortion Charges

Ex-Los Angeles Sheriff’s deputy and pilot admitted plotting extortion and violating rights.

Written By Pari Shukla Pari Shukla
Fact Checked by Dhara Chavda Dhara Chavda
Published 2025-09-30
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Ex-LA Cop Pleads Guilty to Extortion Charges

Michael Coberg, a 44-year-old former Los Angeles County Sheriff’s deputy and helicopter pilot, has pleaded guilty in federal court for helping Adam Iza, a convicted 25-year-old cryptocurrency businessman. Coberg pleaded guilty to charges of planning extortion and violating someone’s rights. 

Apart from being a security guard for Iza, Coberg’s agreement with Iza also allowed him to work as a business partner and advisor. As per the press release by the US Attorney’s Office, with the partnership, Coberg earned at least $20,000 a month. They also planned to start a business selling anabolic steroids together. Further, Coberg used his deputy status to help Iza target business rivals. 

Background of the crimes committed by the duo

In October 2021, Coberg and others forcibly took a person called “L.A.” to Iza’s home as L.A.’s business partner owed Iza money. There, Iza showed off a gun to the victim and asked him to transfer $127,000 to his bank account. The next day, Coberg kept questioning the victim about a financial dispute and his partner’s location. Further, Iza also held the victim at gunpoint and demanded money from the partner, who paid the amount later that day. They also took L.A.’s passport before dropping him off at his hotel. 

Prior to this, in September 2021, Coberg and Iza also worked together to target a rival, “R.C.,” by setting him up for a fake drug arrest.

Iza and two other deputies, including Christopher Cadman, held R.C. at gunpoint and forced him to pay Iza $25,000. To trap R.C., they got his ex-girlfriend to pretend that she wanted them to get back together and invited him from Miami to Los Angeles to meet her and do drugs together. On Coberg’s advice, she bought R.C.’s plane ticket, picked him up in a white Tesla, drove him to get cocaine and psilocybin mushrooms, and then took him to Paramount.

There, Coberg and Cadman tricked a deputy by lying about a tip that someone in the Tesla had a warrant and drugs. The deputy stopped the car, found the drugs, and arrested R.C. After R.C. was arrested due to the set up, the duo filmed the arrest and Coberg texted Cadman, thanking him and saying, “The kid enjoyed it.”

Iza also mocked R.C. by sending him photos of the arrest and a message: “For a drug dealer, you [messed] with the wrong people.” U.S. District Judge Percy Anderson scheduled Coberg’s sentencing for February 17, 2026, where he could face up to 20 years in prison for the extortion plot and 10 years for violating R.C.’s rights. 

The FBI and IRS, with help from the Los Angeles County Sheriff’s Department, are still investigating related corruption. Assistant U.S. Attorney Maxwell Coll from the National Security Division is handling the prosecution.

Also Read: Russian National Charged in $31M U.S. Brokerage Hack

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Pari Shukla - Crypto Journalist at The Crypto Times
By Pari Shukla
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Parmeshwari Shukla is a Content Writer with over 3 years of experience in digital media, including 1 year in crypto news and journalism. She holds a Master’s degree in Mass Communication and a certification in Sports Journalism, bringing versatility and a strong editorial sense to her work.
Dhara Chavda
By Dhara Chavda
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Dhara Chavda is a Research Analyst at The Crypto Times. She covers U.S. crypto regulation — including the CLARITY Act and GENIUS Act — DeFi security and major protocol exploits, and investigations into crypto fraud and enforcement actions. Her work emphasizes primary sourcing and on-chain verification over secondary commentary. Dhara joined The Crypto Times in 2020 and has followed every major market cycle since — the 2021 bull run, the 2022 Terra and FTX collapses, the 2023 banking turmoil, the 2024 spot Bitcoin ETF launch, and the 2025–2026 regulatory cycle — first assigning and reviewing the desk's coverage, and now writing it herself. Her reporting has been cited by international outlets including TheStreet and Argentina's La Nación. She holds a Bachelor of Engineering in Computer Engineering from Gujarat Technological University (GTU), which informs her technical reporting on on-chain data, smart contract analysis, and protocol architecture.

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