Crypto ‘Godfather’ Used LASD Deputies to Commit Crimes on His Behalf, DOJ Says
Extortion and Tax Crimes
A Los Angeles County Sheriff’s deputy has agreed to plead guilty to extorting business rivals of a crypto mogul and other crimes, according to the Los Angeles Times.
Deputy’s Side Hustle
Chino resident Eric Chase Saavedra, 41, will admit to conspiracy and tax crimes connected to his work for 24-year-old Adam Iza, a Beverly Hills and Newport Coast resident who calls himself “The Godfather.”
Bodyguards and Bribery
“As far back as 2021, Iza paid Saavedra’s private security company — a business he ran on the side in addition to working as a deputy — $100,000 per month for round-the-clock bodyguards,” the Times explains, citing court filings.
Saavedra paid other deputies $750 in cash for each 12-hour shift, during which they sometimes carried guns and flashed their LASD badges, “even though it wasn’t official department work,” the Times added.
Abuse of Authority
Saavedra also reportedly used his LASD credentials to “access sensitive law enforcement databases and obtain personal identifiable information about people Iza had personal or business disputes with, as well as their associates and family members.”
Criminal Activity
That information was allegedly used to allow for more criminal activity, such as when deputies held people at gunpoint or tried to break into their homes in service of Iza and his business interests.
Justice and Sentencing
Saavedra faces up to 13 years in prison, while Iza faces up to 35, though both have taken plea deals that could reduce their sentences.
Conclusion
The case highlights the importance of holding law enforcement officials accountable for their actions and ensuring that they do not use their authority for personal gain or to commit crimes. The Justice Department’s efforts to bring Saavedra and Iza to justice demonstrate its commitment to upholding the law and protecting the public.
FAQs
Q: Who is Adam Iza, also known as “The Godfather”?
A: Adam Iza is a 24-year-old crypto mogul from Beverly Hills and Newport Coast.
Q: What is the nature of the crimes committed by Saavedra and Iza?
A: Saavedra, a Los Angeles County Sheriff’s deputy, has agreed to plead guilty to extorting business rivals of Iza and other crimes, including tax fraud.
Q: How much did Iza pay Saavedra’s private security company each month?
A: Iza paid Saavedra’s private security company $100,000 per month for round-the-clock bodyguards.
Q: How long do Saavedra and Iza face in prison?
A: Saavedra faces up to 13 years in prison, while Iza faces up to 35, although both have taken plea deals that could reduce their sentences.
