Close Menu
  • Latest News
    • Market
    • Altcoins
    • Legal and Regulatory
  • Tech
    • Blockchain
    • Security and Privacy
  • Web 3
    • Web3 News
    • NFTs
    • Gaming
  • Learn
    • Education
    • Investments
    • Staking
    • Wallets and Exchanges
  • ICOs
  • Mining
  • Crypto Tools
    • Exchange Tool
  • Shop
What's Hot

CZ’s 1.1B memecoin burn sparks buzz – Can it revive fading demand?

July 14, 2026

Former LA deputy jailed for lying in Adam Iza crypto extortion case

July 14, 2026

Vadzo Introduces an Insurance Telematics Camera with Onsemi AR0521 Sensor for Evidence-Grade Accident Reconstruction

July 14, 2026
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram
CryptoPulseDaily.com
  • Latest News
    • Market
    • Altcoins
    • Legal and Regulatory
  • Tech
    • Blockchain
    • Security and Privacy
  • Web 3
    • Web3 News
    • NFTs
    • Gaming
  • Learn
    • Education
    • Investments
    • Staking
    • Wallets and Exchanges
  • ICOs
  • Mining
  • Crypto Tools
    • Exchange Tool
  • Shop
CryptoPulseDaily.com
Home»Legal and Regulatory»Former LA deputy jailed for lying in Adam Iza crypto extortion case
Legal and Regulatory

Former LA deputy jailed for lying in Adam Iza crypto extortion case

July 14, 2026No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

A former Los Angeles County Sheriff’s Department deputy has been sentenced to 18 months in federal prison after admitting he lied to federal investigators about threats made by a cryptocurrency businessman during a 2021 extortion incident.

The U.S. Attorney’s Office for the Central District of California said U.S. District Judge Percy Anderson also imposed a $10,000 fine on Scott Allen Simpkins, who pleaded guilty on March 17 to one count of obstruction of justice. Simpkins resigned from the Los Angeles County Sheriff’s Department’s Special Enforcement Bureau after entering his felony plea, according to the office.

Federal prosecutors said Simpkins falsely denied witnessing cryptocurrency businessman Adam Iza threaten a victim with live ammunition during an incident at Iza’s Bel Air home in 2021.

Court records cited by the U.S. Attorney’s Office said Simpkins was working private security at the residence with fellow former LASD deputy Christopher Michael Cadman. Both men were employed by Saavedra & Associates, a private security company owned by then-LASD Deputy Eric Chase Saavedra.

According to prosecutors, Iza placed four or five live 9mm rounds on his desk, spun one of the bullets while threatening the victim, and demanded a $25,000 transfer before Simpkins and Cadman escorted the victim off the property.

The U.S. Attorney’s Office said the two deputies received $1,400 each for their work that day. After helping Saavedra & Associates secure a longer-term security contract with Iza, the company paid each of them about 10% of its profits from the contract’s first month, prosecutors added.

Iza still awaits sentencing

Separate federal cases against Iza have continued to move forward.

See also  Hong Kong SFC eases requirements as exchanges face crypto talent crunch

The U.S. Attorney’s Office said Iza has remained in federal custody since September 2024 after pleading guilty in California in January 2025 to conspiracy against rights, wire fraud, and tax evasion. He has not yet been sentenced in that case.

In a separate prosecution, the U.S. Department of Justice announced in June that Iza also pleaded guilty in federal court in Connecticut to conspiracy to interfere with commerce by robbery. The charge carries a maximum prison sentence of 20 years.

According to the Justice Department, the Connecticut case involved a 2024 kidnapping plot targeting the parents of Veer Chetal, a man accused of participating in the theft of about 4,100 bitcoin. Prosecutors said Iza and his brother, Saif Faiq, organised the scheme in an attempt to extort cryptocurrency.

As pre DOJ records, Faiq pleaded guilty on June 9, when he admitted recruiting six men from Florida, arranging their travel to Connecticut, and coordinating surveillance before the attack in Danbury. Prosecutors said the group allegedly forced Sushil and Radhika Chetal from their vehicle after staging a collision, assaulted them, and briefly held them captive. The six alleged attackers later pleaded guilty to kidnapping and carjacking offences, according to the department.

Federal records cited by the DOJ show Veer Chetal separately pleaded guilty in November 2025 to charges connected to the theft of approximately 4,100 bitcoin and is awaiting sentencing.

Source link

Adam Case Crypto Deputy Extortion Iza Jailed Lying
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

North Carolina Enacts Strict Rules for Crypto ATMs to Combat Fraud

July 14, 2026

The IRS has yet to determine if betting on World Cup prediction markets is actually gambling

July 14, 2026

The next currency crisis could turn $300 billion in stablecoins into national currencies

July 14, 2026

John Deaton Says 75,000 XRP Holders Helped Ripple Executives Fight SEC

July 14, 2026
Add A Comment
Leave A Reply Cancel Reply

Top Posts

MATIC Price Rally Threatened As Whales Deposit Millions Of Tokens To Exchanges

September 29, 2023

Emily Xie and LACMA Present Interwoven, Inspired by Quilts and Generative Art

June 8, 2023

Bitcoin: Can $72M in whale buying push BTC back toward $75K?

June 1, 2026

Subscribe to Updates

Get the latest creative news From Crypto Daily Pulse directly in your Inbox!

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Crypto, ICOs, Web3, Blockchain and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

CZ’s 1.1B memecoin burn sparks buzz – Can it revive fading demand?

July 14, 2026

Former LA deputy jailed for lying in Adam Iza crypto extortion case

July 14, 2026

Vadzo Introduces an Insurance Telematics Camera with Onsemi AR0521 Sensor for Evidence-Grade Accident Reconstruction

July 14, 2026
Get Informed

Subscribe to Updates

Get the latest creative news From Crypto Daily Pulse directly in your Inbox!

  • Contact
  • Privacy Policy
  • Terms & Conditions
© 2026 Crypto Pulse Daily - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

Cleantalk Pixel
  • bitcoinBitcoin(BTC)$64,957.004.36%
  • ethereumEthereum(ETH)$1,889.846.55%
  • tetherTether(USDT)$1.000.05%
  • binancecoinBNB(BNB)$581.662.65%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • rippleXRP(XRP)$1.114.28%
  • solanaSolana(SOL)$77.753.85%
  • tronTRON(TRX)$0.3257590.52%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.040.37%
  • HyperliquidHyperliquid(HYPE)$65.453.13%