A former Los Angeles County Sheriff’s Department deputy pleaded guilty Monday to federal conspiracy charges for helping a now-jailed crypto mogul extort a rival and arrange the sham arrest of another of the businessman’s adversaries.
Michael Coberg, 44, of Eastvale in the Inland Empire, pleaded guilty in downtown Los Angeles to conspiracy to commit extortion and conspiracy against rights.
Prosecutors said Coberg and three other ex-LASD deputies worked side hustles as private security for the Southern California cryptocurrency trader who referred to himself as a “Godfather.”
That man, Adam Iza, 25, a Beverly Hills and Newport Beach businessman, pleaded guilty in January to charges of conspiracy against rights, wire fraud and tax evasion and is awaiting sentencing in December.
Prosecutor