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Ex-LASD Deputy Pleads Guilty in Adam Iza Extortion, Sham-Arrest Plot

The plea moves forward federal prosecutions revealing a crypto promoter’s use of paid deputies to target adversaries.

Overview

  • Michael David Coberg, 44, admitted to conspiracy to commit extortion and conspiracy against rights in federal court.
  • Prosecutors say he helped Adam Iza coerce a victim identified as “L.A.” into transferring $127,000 after firearms were displayed while presenting himself as an on-duty officer.
  • He also conspired to lure another victim from Miami and arrange a staged traffic stop in Paramount in 2021 that led to a narcotics arrest recorded by Iza.
  • Coberg received at least $20,000 per month under a contract to act as Iza’s business partner and advisor, and they at one point discussed launching a steroids business.
  • Sentencing is set for February 17, 2026, with a statutory maximum of 20 years on the extortion count and 10 years on the civil-rights count; Iza awaits December 15 sentencing as FBI and IRS-CI continue the investigation with LASD assistance.