The founder of a crypto trading platform allegedly relied on corrupt Los Angeles County Sheriff’s Department (LASD) deputies to facilitate extortion schemes and other crimes.

Last court documents It shows the Federal Bureau of Investigation (FBI) is investigating Adam Iza, known as “The Godfather” and founder of crypto trading platform Zort, for allegedly extorting money and property from victims in Los Angeles and elsewhere.

FBI Special Agent Barbara Johnson alleges in the criminal complaint that Iza obtained millions of dollars through fraud, failed to report his wealth to the Internal Revenue Service (IRS), and paid hundreds of thousands of dollars to three LASD deputies to serve as his force. his criminal operations.

explains Johnson,

“The FBI is investigating Iza and known and unknown associates of the Los Angeles County Sheriff’s Department for (1) extorting money and property from victims in Los Angeles and elsewhere; (2) Iza’s payments to LASD deputies for committing illegal acts in his capacity as law enforcement; (3) unlawful searches and arrests by LASD deputies for the purpose of intimidating and silencing victims; and (4) the evasion of tax assessments by LASD deputies, including an LASD deputy referred to herein as ‘LASD Deputy 1’ and the evasion of tax assessments related to Iza’s receipt of tens of millions of dollars in fraudulently obtained funds.

As detailed in this affidavit, Iza amassed significant wealth, which he and his collaborators funneled through shell companies. Iza spent the money on personal expenses, including numerous luxury vehicles, rent payments for her Bel Air mansion, plastic surgery to increase the length of her legs, and many other luxury expenses. “Iza concealed receipts for tens of millions of dollars from 2020 to 2022 and did not report any income taxes.”

Iza pleaded not guilty earlier this month report From the Los Angeles Times.

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