Former LAPD Officer Accused in $350,000 Crypto Kidnapping Plot Denied Bail
TLDR: Prosecutors described a coordinated attempt to force access to a teen’s crypto wallet during a late-night intrusion. Surveillance footage placed the suspects at the apartment for under 30 minutes before leaving. Court filings said the group ignored cash and valuables while focusing on the crypto stash. A judge cited risks linked to alleged police impersonation when denying both bail requests. A former Los Angeles police officer and a man prosecutors linked to Israeli organized crime remain behind bars after a judge denied their bail requests in a case centered on a forced crypto wallet extraction. The two men face accusations of staging a police raid that targeted a 17-year-old crypto business operator in late 2024. Prosecutors detailed the sequence of events during a contentious hearing that revealed new facts about the alleged scheme. The case has drawn attention due to the suspects’ backgrounds and the targeted theft of $350,000 in digital assets. Crypto Kidnapping...