Ex-Los Angeles police officer gets 21 months in crypto entrepreneur case
- —Cadman was sentenced to 21 months in federal prison and $25,000 in restitution
- —He pleaded guilty to conspiracy to violate civil rights and filing false tax returns
- —The case involved armed threats against Iza's competitor and an orchestrated detention of a victim
- —Adam Iza is serving 15 years in a separate case involving bitcoin theft and attempted kidnapping
Why it matters: The case shows how crypto assets feature in coercion and abuse-of-power schemes, heightening regulators' focus on criminal activity.
Source: CryptoActu