Former LASD Deputy Sentenced in Connection with Crypto Mogul's Criminal Activities

By Patricia Miller

2 min read

A former LASD deputy faces 18 months in prison for lying about a crypto mogul's extortion scheme, highlighting law enforcement accountability.

#What does the sentencing of a former deputy mean for law enforcement?

A former deputy of the Los Angeles County Sheriff’s Department has received an 18-month prison sentence after he admitted to lying during an investigation regarding the extortion activities of Adam Iza, who is often referred to as the crypto mogul or the crypto Godfather in various circles. This sentencing signifies the ongoing accountability measures within law enforcement, particularly concerning corrupt practices.

Scott Allen Simpkins pled guilty to charges of obstruction of justice after he misrepresented information regarding Iza's alleged threat to extort $25,000 from a party planner. His sentencing on July 13, 2026, is a critical moment in the broader narrative of the criminal enterprise surrounding Iza.

#How significant are the financial ties between Iza and law enforcement?

Adam Iza allegedly funneled tens to hundreds of thousands of dollars each month to LASD deputies, providing what could be seen as personal enforcement services. Simpkins is not alone in facing legal repercussions; another former deputy, Michael David Coberg, received a much longer sentence of 63 months due to his involvement in Iza’s extortion activities. This pattern raises serious questions about the integrity of law enforcement practices and the influence of money on public service.

Adam Iza’s challenges extend beyond extortion claims against individual party planners. He has faced multiple serious charges, including conspiracy against rights, wire fraud, and tax evasion, having been arrested in September 2024. Iza’s fraudulent scheme is tied to a $37 million phishing operation that involved hacking into Meta business manager accounts. This operation produced over $36 million in illicit gains through a platform known as Zort between 2020 and 2022.

Additionally, Iza is linked to a kidnapping case in Connecticut associated with a Bitcoin heist, showcasing the far-reaching implications of his alleged criminal network.

Important Notice And Disclaimer

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.