Crypto founder paid LA cops to extort victim for crypto, FBI alleges

Adam Iza, the founder of the crypto trading platform Zort, allegedly paid Los Angeles Sheriff’s deputies for information that he used to blackmail a target he intended to rob.

The owner of a crypto company was paying cops to get access to sensitive information and people’s whereabouts so he could use it to extort a victim for their crypto, federal prosecutors have alleged.

Adam Iza, who ran the crypto trading platform Zort, Inc., allegedly paid three Los Angeles Sheriff’s Department (LASD) deputies to unlawfully file search warrants and access police data, according to an FBI affadavit filed in an LA federal court on Sept. 23, made available on Sept. 26.

Iza — also known as Ahmed Faiq and “The Godfather” — allegedly bragged about paying $280,000 a month to the deputies and is accused of using police information to try to coerce an alleged victim, identified only as E.Z., into handing over a laptop used to store crypto.

Adam Iza, the founder of the crypto trading platform Zort, allegedly paid Los Angeles Sheriff’s deputies for information that he used to blackmail a target he intended to rob.
The owner of a crypto company was paying cops to get access to sensitive information and people’s whereabouts so he could use it to extort a victim for their crypto, federal prosecutors have alleged.Adam Iza, who ran the crypto trading platform Zort, Inc., allegedly paid three Los Angeles Sheriff’s Department (LASD) deputies to unlawfully file search warrants and access police data, according to an FBI affadavit filed in an LA federal court on Sept. 23, made available on Sept. 26.Iza — also known as Ahmed Faiq and “The Godfather” — allegedly bragged about paying $280,000 a month to the deputies and is accused of using police information to try to coerce an alleged victim, identified only as E.Z., into handing over a laptop used to store crypto.Read more