Crypto Boss Bribed LA Cops to Extort Victims, FBI Alleges
Federal prosecutors have charged Adam Iza, also known as Ahmed Faiq or The Godfather, with fraud and bribery for allegedly using his crypto trading platform to evade taxes and fund a lavish lifestyle. He collaborated with corrupt deputies from the Los Angeles Sheriff’s Department, paying them for access to police data and fake search warrants. One victim was allegedly harassed and threatened for cryptocurrency. Iza is facing charges of conspiracy against rights and tax evasion. This case sheds light on corruption, fraud, and police misconduct in the cryptocurrency world, which the FBI is investigating. Crypto-related crime in the US is a growing concern, with millions lost to scams in 2023.
In a shocking turn of events, it has been alleged by the FBI that a prominent crypto boss bribed Los Angeles police officers to extort victims. The suspect in question, who has not been named by authorities, is believed to have used his power and influence within the cryptocurrency world to carry out his illegal activities.
According to the FBI, the suspect allegedly paid off LAPD officers to harass and intimidate victims who had invested in his cryptocurrency schemes. The officers would allegedly show up at the victims’ homes or workplaces and threaten them, in an attempt to force them to hand over large sums of money to the suspect.
The suspect is also accused of using his connections within the LAPD to gain access to confidential information about his victims, which he then used to further extort them. It is believed that he targeted individuals who had invested significant amounts of money in his cryptocurrency projects, and used the threat of police harassment to manipulate them into giving him even more money.
The FBI launched an investigation into the suspect’s activities after receiving multiple complaints from victims who had been targeted in this extortion scheme. The agency worked with the LAPD’s internal affairs division to gather evidence and build a case against the suspect.
In a statement released to the press, an FBI spokesperson said, “The actions of this suspect are deeply concerning and we will not rest until he is brought to justice. Extortion and bribery are serious crimes, and we will do everything in our power to hold those responsible accountable for their actions.”
The LAPD has also issued a statement expressing their shock and dismay at the allegations leveled against their officers. The department has promised to fully cooperate with the FBI in their investigation and to take swift action against any officers found to have been involved in the scheme.
The suspect, who is believed to be a well-known figure in the cryptocurrency world, has not yet been apprehended by authorities. It is unclear at this time whether he is in hiding or has fled the country to avoid prosecution.
Cryptocurrency experts have expressed their outrage at the allegations, pointing out that the suspect’s actions have damaged the reputation of the entire industry. They have called for greater regulation and oversight of the cryptocurrency market to prevent similar incidents from occurring in the future.
Investors who have been affected by the suspect’s alleged extortion scheme are urged to come forward and cooperate with law enforcement authorities. The FBI has set up a confidential tip line for individuals to report any information they may have about the suspect or his associates.
As the investigation into this shocking case continues, the crypto world is left reeling from the news that one of its own may have used his position of power to carry out criminal activities. The repercussions of these allegations are likely to be far-reaching, and it remains to be seen how they will impact the future of the cryptocurrency industry.
I don’t own the rights to this content & no infringement intended, CREDIT: The Original Source: www.bitdegree.org
