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CashApp Bitcoin BTC BTCUSDT Bob Lee

Tech Exec Arrested In Connection With Cash App Creator’s Bob Lee Death

Reynaldo Marquez
by Reynaldo Marquez
2 years ago
·
Posted in Breaking News Ticker
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Per news outlet Mission Local, the San Francisco Police Department (SFPD) arrested a suspected connected with Bob Lee’s (43) death, the creator of crypto platform Cash App. Authorities arrested tech executive Nima Momeni (38) in an operation conducted in Emeryville.

Related Reading: Bitcoin Still Has A long Way To Go In Rally, BoA Analysts Reveals

Crypto Platform Cash App Founder Killed By A Close Associate?

According to the report, Lee allegedly knew Momeni. Both tech executives in San Francisco, Lee was connected to a vehicle owned by Momeni during the morning of the attack that led to his death.

As Bitcoinist reported on April 4, the Cash App creator was stabbed and died of his injuries. His body was discovered in the 400 block of Main Street in the SoMa Bay area, a region with supposedly low traffic and mostly deserted.

The police found no traces of robbery nor believed this was part of a “random attack.” These clues led them to Momeni. The suspect’s LinkedIn profile describes him as an IT Consultant and Entrepreneur. Momeni has been in the tech, finance, healthcare sector, and start-ups since 2005.

Since 2010, the tech executive has owned Expand IT, a company dedicated to “providing solid, reliable, and efficient technology solutions.” Before that, Momeni was a consultant at Diablo IT and worked with other companies.

One of Momeni’s neighbors, Sam Singer, described him as “warm and welcoming.” Matt Dorsey, a member of the San Francisco Board of Supervisors, stated the following on today’s arrest:

I’m grateful to SFPD’s Homicide Detail and all the officers from SFPD Southern and elsewhere for their tireless work to bring Bob Lee’s killer to justice and for their arrest of a suspect this morning. (…) nothing can undo this senseless crime, and we reiterate our condolences to Mr. Lee’s family members, friends and colleagues. But I hope today’s arrest can begin a process of healing and closure for all those touched by this tragedy.

Bitcoin BTC BTCUSDT Cash App Bob Lee
BTC’s price trends to the upside on the daily chart. Source: BTCUSDT Tradingview

Bob Lee’s Murdered Politicised By The Media?

Mission Local claims Bob Lee’s homicide was “politicized” by U.S. media and others. Some believe San Francisco has become a violent city “awash in crime and on a descent into further chaos.”

However, as the chart below shows, violent crime in the city is close to its historic low and lower than in other U.S. cities.

 

Cash App Bob Lee Crypto
Violent crime in San Francisco is close to its all-time low. Source: California Department of Justice via Mission Local
Related Reading: Crypto Tycoon Justin Sun Summoned By US Court Over SEC Lawsuit

Lawyer and crypto proponent Collins Belton stated the following on this issue and the arrest of the Cash App creator’s potential killer:

if true, glad they got this guy. Shines a pretty ugly light on many in SV (Silicon Valley) racing to politicize this guy’s death. (…) as someone who has lived in SF, I’ve always known much of the narrative is overblown. There are legit issues, but when I see people comparing the violence in SF (San Francisco) with like Mogadishu, its too far.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Reynaldo Marquez

Reynaldo Marquez

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As an editor at NewsBTC, Reynaldo is an experienced journalist passionate about all things crypto. Reynaldo has interviewed key industry leaders, and created unique pieces analyzing the promise of crypto as the next frontier for an economic and social transformation of humanity. Since 2018, he has been at the forefront of the industry, closely following every major development and analyzing critical events at the heart of the crypto industry. With a keen eye for detail and an unwavering commitment to excellence, Reynaldo has been instrumental in bringing the latest news and insights to the crypto community. Outside of work, Reynaldo enjoys lifting weights and literature, which he believes gives him a unique perspective into the world of crypto. As an aspiring trader, he is always looking for new opportunities to explore and believes that crypto holds the key to unlocking the future of finance.

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