A self-proclaimed tech consultant was arrested Thursday in the stabbing death of Cash App founder Bob Lee last week in San Francisco, police said.
Nima Momeni, 38, was booked on suspicion of murder, San Francisco Police Chief Bill Scott said during a news conference. He was taken into custody Thursday morning in Emeryville, a San Francisco suburb.
San Francisco District Attorney Brooke Jenkins said Momeni will be charged with murder in Lee's death and is expected to be arraigned Friday. Prosecutors will ask a judge to hold him without bail.
Scott declined to give details on how they linked the death to Momeni or how the men knew each other. The chief also refused to disclose a possible motive for the killing.
Police found Lee with stab wounds in the Rincon Hill neighborhood of San Francisco at 2:30 a.m. April 4. He died at a hospital.
Investigators served search warrants in San Francisco and Emeryville, but Scott would not say whether a weapon has been found.
Lee is known for creating the widely used mobile payment service Cash App while working as chief technology officer of the payment company Square, now known as Block. He was the chief product officer for the cryptocurrency firm MobileCoin at the time of his death.
“I acknowledge and understand how the loss of a young, vibrant leader and innovator has rocked our city and even beyond,” Jenkins said.
On his LinkedIn profile, Momeni describes himself as an “IT Consultant/Entrepreneur” as well as the owner of a company called Expand IT.
It was not immediately clear whether Momeni has an attorney who can speak on his behalf.
“I hope today’s arrest can begin a process of healing and closure for all those touched by this tragedy,” Matt Dorsey, another San Francisco supervisor, tweeted Thursday morning.
Prominent tech leaders took to social media to mourn Lee's death and blame San Francisco for what they call the city's lax attitude toward crime. Scott and Jenkins pushed back against that narrative on Thursday, with the prosecutor specifically naming tech billionaire Elon Musk for commenting on the case.
“This doesn't have to do with San Francisco, this has to do with human nature,” Scott said.
__
Janie Har contributed to this report. Dazio reported from Los Angeles.
Albania's Prime Minister Edi Rama says his new Cabinet will include an artificial intelligence “minister” in charge of fighting corruption. The AI, named Diella, will oversee public funding projects and combat corruption in public tenders. Diella was launched earlier this year as a virtual assistant on the government's public service platform. Corruption has been a persistent issue in Albania since 1990. Rama's Socialist Party won a fourth consecutive term in May. It aims to deliver EU membership for Albania in five years, but the opposition Democratic Party remains skeptical.
The Federal Trade Commission has launched an inquiry into several social media and artificial intelligence companies about the potential harms to children and teenagers who use their AI chatbots as companions.
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
Online broker Robinhood Markets will join the S&P 500 index Online broker Robinhood Markets will join the S&P 500 index as its stock rides higher on a cryptocurrency wave.
Ali Kashani, CEO of Serve Robotics, dives into their $63.3M acquisition of Vayu Robotics and how it's accelerating the future of autonomous delivery systems.
