Former Los Angeles deputy sheriff pleads guilty to racketeering conspiracy with 'crypto godfather'

The U.S. Attorney's Office disclosed that former Los Angeles County Deputy Sheriff Michael David Coberg pleaded guilty on September 26 to federal felony charges of conspiracy to commit racketeering and civil rights violations. He used his position as a police officer to provide illegal protection for Adam Iza, the self-proclaimed "Godfather of Cryptocurrency," receiving at least $20,000 per month in compensation.