PANews reported on September 27 that according to Cointelegraph, according to an affidavit filed by the FBI (FBI) with the Los Angeles Federal Court on September 23, Adam Iza, the founder of cryptocurrency trading platform Zort, Inc., is suspected of bribing three Los Angeles Police Department (LASD) officers to illegally apply for search warrants and obtain police data in order to use this information to extort cryptocurrency from victims.
According to FBI documents, Iza paid three police officers up to $280,000 per month to obtain search warrants and sensitive information in an attempt to coerce the victim E.Z. to hand over cryptocurrency. In an attempted kidnapping, E.Z. was coerced by two former LASD police officers in an SUV, and Iza was accused of being involved in the incident. Iza is also suspected of sending threatening messages and law enforcement data photos to E.Z., threatening his safety. The FBI investigation also found that Iza bribed police officers through his company and his girlfriend's business, totaling nearly $200,000, and was suspected of evading taxes of tens of millions of dollars. Currently, Iza faces multiple charges, including rights violations and tax evasion conspiracy.