Monero founder arrested: or will face 20 years in prison

In China, I believe that most of the people who have seen the following Figure 1 are through mining viruses, so there is this report.

The US authorities arrested the famous Monero coin founder Riccardo Spagni, who allegedly fled to the country to avoid domestic fraud accusations, which could put him in jail for 20 years.

Monero founder arrested: or will face 20 years in prison

Spagni is known in the technology circle by the alias “Fluffypony”. Spagni is the founder and former chief maintenance officer of Monero, although Spagni is focusing on Monero After working on the project for five years, he resigned from his daily leadership position in 2019, but he is still the public representative of Monero and is often responsible for coordinating Monero news and public information. 

He was arrested on the way from New York to Mexico on July 20 and is currently detained by the US Marshals. After this arrest, he may be extradited to South Africa and face charges of fraud unrelated to cryptocurrency.

On August 3, local time, Spani’s wife Saskia Spani posted a message on Twitter on behalf of her husband. She said that the arrest was due to a “misunderstanding” in the “court date setting”.

Monero founder arrested: or will face 20 years in prison

According to US court documents, Spagni was accused of using forged invoices to defraud his former employer, Cape Cookies, of 1.4 million rand (615,000 yuan) between October 2009 and June 2011. He was then the IT manager of the group.

The case against him seems to have to start in 2012. The court documents did not explain why the trial took so long. Although he initially pleaded not guilty to fraud charges, he later failed to appear in court. “South African authorities tried to find Spagni at his home address through contact with his friends and family, but to no avail. Further investigation revealed that Spagni had fled South Africa,” the document said. After he did not show up, South Africa issued an arrest warrant in late April. Once it was confirmed that Spani had fled to the United States, the South African authorities approached his American counterparts and demanded that he be temporarily arrested before the extradition hearing.

Take a private jet to Mexico

Spani was arrested on July 20 when he chartered a private jet in New York that stopped to refuel in Nashville, Tennessee. The jet was originally scheduled to fly to Los Cabos, Mexico. According to court documents, the South African was detained “without any accidents” when he got off the plane. 

The state stated that he was refused bail before the extradition hearing because he was at risk of running away.

“Spagni has a history of non-appearance and evasion of justice. He did not appear in the Cape Town District Court on the matter on which the immediate request was based. In addition, since he avoided returning to the relevant courts in South Africa, this court has reason to speculate He will continue to try to escape justice.”

The US authorities further stated that if he is convicted in South Africa, Spagni will face up to 20 years in prison, which will only increase his risk of escape. He was also accused of possessing “important cryptocurrency assets that could allow him to escape.”

 

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/monero-founder-arrested-or-will-face-20-years-in-prison/
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