Prosecutors Detail Extortion Scheme Linked to Crypto Founder

[tradelikepro]

Authorities say Michael Coberg helped Adam Iza carry out a violent extortion plot involving victims tied to financial disputes.

In one incident, a victim was allegedly forced to transfer $127,000 while being held at gunpoint, with Coberg present and acting as security.

Iza, founder of crypto platform Zort, has already pleaded guilty to multiple extortion charges and is awaiting sentencing.

[cryptoenthusiast]

At gunpoint?? This went way beyond white-collar crime