Crooked Cops, Stolen Laptops & the Ghost of UGNazi
Summary: A federal complaint filed last week alleges that Los Angeles resident Adam Iza, founder of the AI-trading crypto platform Zort, failed to pay taxes on tens of millions in cybercrime earnings and paid active Los Angeles Sheriff's Department deputies hundreds of thousands of dollars to extort, intimidate and silence rivals and former business partners. The FBI says Iza paid the deputies $280,000 a month for 'complete resources,' and that LASD officers at his behest tried to kidnap and extort a victim identified as E.Z. and arrested an associate on phony drug charges later dismissed for lack of evidence.
What you should know: The complaint describes a crypto-funded operation that put active-duty sheriff's deputies on a $280,000 monthly payroll, turning police powers into a private enforcement arm against rivals - and Krebs notes this prefigures 'violence-as-a-service' offerings on Telegram where crypto-rich criminals hire out physical attacks.
Read the original at Krebs on Security ↗
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