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Deputy Who Lied About Crypto Fraud Gets 18‑Month Sentence
California, USA, Los Angeles,Tuesday, July 14, 2026
After the event, the party planner was kicked out for erratic behavior. The next day, Simpkins and Cadman escorted the planner to Iza’s office.
Iza placed live 9‑mm ammunition on his desk and forced the planner to transfer $25, 000 to an account he controlled. The money was moved before the planner left.
When Iza was arrested in September 2024, the FBI searched Simpkins’ phone. Two months later, he repeatedly lied to agents about seeing no ammunition or financial activity in Iza’s office.
Simpkins knew his lies would hurt the investigation and prosecution of Iza, as he admitted in court.
Other former deputies, including Cadman and Eric Chase Saavedra, have also pleaded guilty to federal charges.
Michael David Coberg is serving 63 months in prison and must pay $127, 000 in restitution for helping Iza extort a rival.
The case shows how corruption can spread even among law‑enforcement officers, and it highlights the serious consequences of lying to federal investigators.
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