$50 million suit against crypto godfather' reads like a movie plot, featuring corrupt California cops
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$50 million suit against crypto godfather' reads like a movie plot, featuring corrupt California cops
"Chapell refused to refund half the $50,000 that self-proclaimed crypto godfather Adam Iza had paid for his 21st birthday gala. Things went downhill from there. Iza allegedly turned loose his hired thugs, gun-toting, badge-wearing Los Angeles County sheriff's deputies who took Chapell's cellphone at gunpoint and stole thousands from his online bank account, and then framed Chapell on drug charges and falsely obtained a search warrant to trash his West Los Angeles home ostensibly in search of fentanyl and cocaine. They found none."
"Federal authorities cracked Iza's illegal operation, recently securing guilty pleas or agreements to plead guilty from three of the former deputies, Iza and his girlfriend. Chapell now is suing the county and Iza in federal court for more than $50 million in damages. Money can buy the police' It just shows, money can buy the police, said Chapell's attorney, Jerry Steering."
An event promoter refused to refund half of a $50,000 payment for a 21st birthday gala. The payer, self-proclaimed cryptocurrency figure Adam Iza, allegedly hired Los Angeles County sheriff's deputies to coerce and rob the promoter. Deputies reportedly took a cellphone at gunpoint, stole thousands from an online bank account, framed the promoter on drug charges, and obtained a false search warrant to ransack the promoter's West Los Angeles home; no fentanyl or cocaine were found. Federal authorities secured guilty pleas or plea agreements from three former deputies, Iza, and his girlfriend. The promoter filed a federal suit seeking over $50 million in damages. Iza and his girlfriend allegedly defrauded Meta by selling access to hacked ad accounts and laundered proceeds through shell companies.
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