Former Los Angeles County sheriff’s deputy Eric Saavedra has been sentenced to 21 months in prison, according to ChainCatcher. The court found that Saavedra used a law enforcement database to help a cryptocurrency trader carry out an extortion scheme. In addition to the prison term, he was ordered to pay $90,984 in restitution. The matter also involved $373,146 in income that he concealed from the U.S. Internal Revenue Service. The case ties misuse of official law enforcement resources to a scheme involving a crypto market participant, with the court imposing both custodial punishment and financial penalties.
Former Los Angeles County sheriff’s deputy Eric Saavedra has been sentenced to 21 months in prison, according to ChainCatcher.
The court found that he used a law enforcement database to help a cryptocurrency trader carry out an extortion scheme. In addition to the prison term, Saavedra was ordered to pay $90,984 in restitution. The matter also involved $373,146 in income that he concealed from the U.S. Internal Revenue Service.
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