FBI Investigates LA Sheriff’s Extortion Scheme Linked to Crypto Theft

Executive Adam Iza connected to the Zort platform, is facing serious allegations of running an extortion operation involving officials from the Los Angeles County Sheriff's Department (LASD), according to the FBI.

He has been charged with conspiracy to violate civil rights and tax evasion. An affidavit from FBI Special Agent Barbara Johnson outlines a comprehensive investigation into Iza and LASD officers accused of extorting money and property from victims both in Los Angeles and beyond.

The scheme reportedly included bribing LASD officials for illegal actions such as unwarranted searches and arrests aimed at coercing victims.

One victim, referred to as I.Z., alleged that Iza conspired with LASD officers to obtain a false warrant against him. During a 2018 home invasion, Iza is accused of impersonating an FBI agent, stealing a laptop containing cryptocurrency, and demanding passwords.

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Another victim, identified as R.K., reported being blackmailed by Iza and LASD officers after they hosted a party for him. R.K. claims he was coerced into transferring $25,000 from his business account while being threatened with a firearm by individuals posing as law enforcement.

The investigation revealed that Iza and his associates made over $250,000 in payments to LASD personnel. Additionally, despite reportedly gaining millions through fraudulent activities, Iza did not file tax returns for the years 2020 to 2022.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.