Adam Iza
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anchored·5zwSJy…vPW4Summary
Adam Iza, also known as Ahmed Faiq and self-styled 'The Godfather,' is a 25-year-old California cryptocurrency entrepreneur who operated the trading platform Zort and pleaded guilty to multiple federal felonies across two jurisdictions. He admitted to a $37 million fraud against Meta Platforms, wire fraud, tax evasion, conspiracy to violate civil rights through an LASD deputy bribery scheme, and—in a separate Connecticut federal case—conspiracy to interfere with commerce by robbery in connection with a plot to kidnap a couple whose son had stolen $245 million in Bitcoin. Federal prosecutors are seeking a minimum of 14 years; sentencing in the Connecticut case is scheduled for August 12, 2026.
Connected Entities
1 entities · 10 linked investigations- + 6 more
Timeline(16 events)
2020
Iza begins fraudulent access to Meta Platforms business manager accounts and advertising credit lines; scheme runs through 2022 and generates over $37 million.
Courthouse News Service / DOJ California pleaAugust 2021
LASD deputy Christopher Cadman and an unnamed colleague hold a victim at gunpoint inside Iza's Bel Air mansion, coercing a $25,000 wire transfer to Iza.
IRS Criminal Investigation press releaseSeptember 2021
Cadman, at Iza's direction, organizes a traffic stop and arrest of the same victim in Paramount, California.
IRS Criminal Investigation press releaseNovember 2021
Armed individuals, including former LASD personnel, allegedly attempt kidnapping and extortion of a victim identified as 'E.Z.' in court documents.
The Register (FBI testimony report)2022
LASD deputy Eric Saavedra falsely tells a judge that a victim's phone is associated with a firearms investigation to obtain a GPS tracking warrant; location data used to target victim.
Courthouse News ServiceJuly 2022
LASD deputy David Rodriguez fraudulently obtains a court-authorized GPS search warrant by falsely linking a victim to a robbery investigation; coordinates shared with Iza's associates.
IRS Criminal Investigation press release25 August 2024
Six Florida men hired by Iza execute the kidnapping of Sushil and Radhika Chetal near Danbury High School, Connecticut. Sushil is beaten with a baseball bat; both are bound with duct tape. An off-duty FBI agent witnesses the attack. Four perpetrators arrested after a vehicle chase; two found at a rental property.
Fortune / FOX 11 Los Angeles / DOJ District of Connecticut24 September 2024
Adam Iza arrested by federal authorities in California on charges including tax evasion and conspiracy; held in federal custody from this date.
The Register / Courthouse News Service17 January 2025
DOJ announces plea agreements for Adam Iza and Eric Saavedra in the Central District of California.
Courthouse News Service30 January 2025
Adam Iza pleads guilty in the Central District of California to conspiracy against rights, wire fraud, and federal income tax evasion.
IRS Criminal Investigation press release6 February 2025
Eric Chase Saavedra pleads guilty to conspiracy against rights and subscribing to a false tax return.
IRS Criminal Investigation press release14 July 2025
LASD deputy David Anthony Rodriguez pleads guilty to conspiracy against rights.
IRS Criminal Investigation press release15 July 2025
LASD deputy Christopher Michael Cadman files a plea agreement to plead guilty to conspiracy against rights and subscribing to a false tax return.
LAmag / IRS Criminal Investigation28 October 2025
Superseding indictment in the District of Connecticut returned and unsealed, charging Iza with conspiracy to commit kidnapping and conspiracy to interfere with commerce by robbery.
Cryptopolitan / DOJ District of ConnecticutNovember 2025
Veer Chetal pleads guilty to the $245 million Bitcoin theft scheme (impersonation of Google and crypto exchange support to steal 4,100 BTC from a Washington, D.C. resident).
Fortune / FOX 11 Los Angeles2 June 2026
Adam Iza pleads guilty in the U.S. District Court for the District of Connecticut to one count of conspiracy to interfere with commerce by robbery (Hobbs Act). Sentencing set for August 12, 2026. Federal prosecutors seek at least 14 years.
DOJ District of Connecticut / Fortune / FOX 11 Los AngelesDecision Log
- hash: EmGTFhKYEC3Ytrdt7vNtTmfDSjJNRjqBTVLwdCYiFt9V
- hash: GKVmjBf7Zf3ATdUNRZ3vma44BmyJqiSDMdbbHHJEEH98
- hash: GdkXQyUFUJEeN1aw288Z7rm5xN9pxhfuKxUiq3hzDnYz
This investigation is cryptographically anchored to the Solana blockchain (3 events). 14 of 14 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 6/4/2026, 12:11:03 PM
last updated: 7/27/2026, 4:55:18 AM
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