At a press conference Thursday afternoon, San Francisco District Attorney Brooke Jenkins confirmed that an arrest had been made in reference to the fatal stabbing of Cash App founder Bob Lee on April 4. Officials named Nima Momeni – a Bay Area tech entrepreneur – as a suspect.
Authorities also said Momeni knew the victim, though they declined to comment on the motive. They also indicated that an investigation was ongoing.
Momeni might be indicted on Friday and prosecutors have said they’ll file a motion to carry him without bail.
Police made the arrest earlier Thursday in Emeryville, California, a suburb quarter-hour from San Francisco. Prison records say Momeni, 38, was arrested on suspicion of murder at 9:19 a.m.
The arrest was first reported by Mr Local missionSan Francisco local news publication.
At a press conference, Jenkins criticized early comments from pundits and celebrities who used the murder to portray San Francisco as a city filled with violence and crime.
San Francisco cops found Lee, 43, with stab wounds at 2:35 a.m. in a deserted section of downtown San Francisco. He was taken to hospital with life-threatening injuries and later died, police said on the time.
Lee worked as a product director on the cryptocurrency company MobileCoin. Previously, he was the CTO of Square (now often known as Unit), a financial technology company co-founded by former Twitter CEO Jack Dorsey. Lee created the Cash App, a money transfer service.
He was also an investor in Elon Musk’s SpaceX enterprise, in addition to other tech firms corresponding to social media app Clubhouse, in line with his LinkedIn profile.
He was widely praised by former colleagues, including MobileCoin CEO Joshua Goldbard, who said in a Twitter thread that Lee was a “sensible” visionary with a “kaleidoscopic” mind.
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