Ex-LA Sheriff’s Deputy Pleads Guilty to Extortion Scheme With ‘Crypto Godfather’
The former LA County deputy has admitted to conspiring with a self-styled “crypto godfather” to extort victims by staging false arrests.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Who Is Eric Saavedra? Crypto Mafia Boss Adam Iza’s Corrupt Police Crook
Eric Chase Saavedra, 42, a former Los Angeles County Sheriff’s Department deputy, was sentenced Monday to 21 months in federal pri...
Cybersecurity consultant found guilty of stealing $55M in crypto from Uranium Finance
The conviction highlights the vulnerabilities in DeFi systems and underscores the effectiveness of blockchain forensics in tracing...
Greek soldiers among suspects in alleged $8M crypto pyramid scheme
The involvement of military personnel in the crypto scheme highlights vulnerabilities in trust networks, urging stricter regulator...
Former SEC boss made AI Czar, Bitcoin may hit $600K this cycle: Hodler’s Digest
Roman Storm and the XRP army aren’t happy former SEC boss Jay Clayton is Trump’s new AI czar, Peter Brandt flips bullish and says...
Former NCA officer Paul Chowles ordered to repay $2.4M for Bitcoin theft during Silk Road 2.0 probe
The case highlights the need for enhanced oversight and security measures in law enforcement's handling of digital assets to preve...
CFTC secures $31M court order against digital asset fraud scheme that duped 14,000 investors
The case underscores the critical need for regulatory vigilance and investor due diligence in preventing and mitigating digital as...