Michael David Coberg's involvement with Adam Iza, known as the 'Crypto Godfather', in extorting victims of a $16 million cryptocurrency fraud, has resulted in federal charges, with sentencing scheduled for February 2026.
Michael David Coberg, a former Los Angeles County deputy, pleaded guilty to conspiracy and civil rights violations linked to his involvement with Adam Iza, the so-called 'Crypto Godfather'. Coberg received $20,000 monthly in exchange for providing illegal protection to Iza, who defrauded $16 million in cryptocurrency. In 2021, Coberg used his law enforcement authority to coerce a businessman into transferring $127,000 to Iza. Coberg faces up to 30 years in prison, with sentencing set for February 2026.