Former LASD Deputy Sentenced for Aiding Crypto Businessman's Scheme

Key Insights:

• In today’s crypto news, a man admitted to misusing police databases for Adam Iza’s interests.
• The former deputy failed to report more than $373,000 in income.
• Multiple former LASD deputies faced sentences linked to the case.

Crypto news today covered an incident where former Los Angeles County Sheriff’s Department (LASD) deputy Eric Chase Saavedra received a 21-month federal prison sentence. Saavedra was sentenced after admitting that he abused his law enforcement position while working with cryptocurrency businessman Adam Iza.

United States District Judge Percy Anderson issued the sentence and ordered Saavedra to pay $90,984 in restitution. Saavedra, 42, of Chino, previously served as an LASD detective and a federal task-force officer.

Saavedra pleaded guilty in February 2025 to conspiracy against rights and false subscription to a tax return. As part of his plea agreement, he agreed to forfeit items purchased during the alleged conspiracy.

The forfeited property included 32 Louis Vuitton bags, 27 pairs of Gucci shoes, 5 Louis Vuitton wallets, and a money-counting machine. The case has sparked a heated debate in the crypto market as it is tied to a crypto entrepreneur and alleged financial crimes.