Monday, 2 November 2026  ·  Vol. 1  ·  No. 63Saved
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Dispatches from the digital asset economy
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Zort founder Adam Iza receives 78-month sentence and restitution order

Adam Iza, associated with cryptocurrency company Zort, was sentenced on October 5 to 78 months in federal prison for fraud, tax evasion and conspiring to violate the civil rights of people he regarded as adversaries. U.S. District Judge Percy Anderson also ordered him to pay approximately $23.4 million in restitution. The sentence follows guilty pleas entered in January 2025 and brings a defined criminal outcome to the Los Angeles case.

Adam Iza, associated with cryptocurrency company Zort, was sentenced on October 5 to 78 months in federal prison for fraud, tax evasion and conspiring to violate the civil rights of people he regarded as adversaries. U.S. District Judge Percy Anderson also ordered him to pay approximately $23.4 million in restitution. The sentence follows guilty pleas entered in January 2025 and brings a defined criminal outcome to the Los Angeles case.

The proceedings covered the use of corrupt off-duty sheriff’s deputies to obtain confidential information and court-authorized search warrants for private disputes. A separate scheme involved unauthorized access to Meta business manager accounts and associated credit lines. Prosecutors said the account-access scheme generated approximately $37 million in payments to Iza’s companies between 2020 and 2022, with Meta suffering losses when it refunded customers charged for advertising expenditure they had not incurred.

The tax component included concealing ownership of Zort and transferring corporate income to cryptocurrency custodians. These findings connect the digital asset business to the financial movement examined in the case, without making cryptocurrency itself the underlying offense. Investigators followed the relationship between company income, personal spending and tax reporting, while the civil-rights charges addressed the misuse of law enforcement powers to pressure individuals involved in disputes with Iza.

The 78-month term runs concurrently with a separate 15-year federal sentence imposed in Connecticut in September for involvement in an attempted bitcoin robbery. It therefore does not add another six and a half years after that existing sentence. The latest order establishes additional convictions’ sentencing consequences and restitution obligations. Its significance for the Zort-related story lies in the court’s treatment of the company’s ownership, financial flows and Iza’s broader conduct.

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