One LA Sheriff’s Deputy Charged, Another Pleads Guilty in Crypto ‘Godfather’ Case
2025-07-15 05:39:42
Main Idea
Federal prosecutors in California have charged a Los Angeles deputy and others in a conspiracy linked to a crypto entrepreneur, involving extortion and fraudulent activities, while Sweden orders increased seizures of criminal crypto profits and New Zealand plans to ban crypto ATMs and cap transfers to combat money laundering.
Key Points
1. A Los Angeles deputy and others were charged in a conspiracy involving crypto entrepreneur Adam Iza, including extortion and fraudulent activities.
2. One victim was held at gunpoint in Iza’s Bel Air mansion and forced to transfer $25,000.
3. Sweden’s Minister of Justice has ordered increased seizures of criminal crypto profits.
4. New Zealand plans to ban crypto ATMs and cap transfers at $5,000 as part of anti-money laundering reforms.
5. Rep. Maxine Waters warned that upcoming US crypto bills could undermine investor protections and regulatory enforcement.
Description
The officers staged fake raids and used fraudulent warrants to track victims for "The Godfather's" criminal enterprise, prosecutors alleged.
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