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Cash App founder Bob Lee's death: Tech worker arrested in fatal stabbing Cash App founder Bob Lee's death: Tech worker arrested in fatal stabbing
(32 minutes later)
Tributes were paid to Bob Lee, who founded the popular Cash App and worked for MobileCoinTributes were paid to Bob Lee, who founded the popular Cash App and worked for MobileCoin
Police have arrested a self-described tech entrepreneur over the fatal stabbing in San Francisco of Cash App founder Bob Lee.Police have arrested a self-described tech entrepreneur over the fatal stabbing in San Francisco of Cash App founder Bob Lee.
The suspect is 38-year-old Nima Momeni from Emeryville, California. Mr Lee and Mr Momeni knew each other, police said.The suspect is 38-year-old Nima Momeni from Emeryville, California. Mr Lee and Mr Momeni knew each other, police said.
According to a LinkedIn profile for Mr Momeni, he is a technology consultant and start-up owner.According to a LinkedIn profile for Mr Momeni, he is a technology consultant and start-up owner.
Police found Mr Lee, 43, unconscious with stab wounds on 4 April near San Francisco's city centre.Police found Mr Lee, 43, unconscious with stab wounds on 4 April near San Francisco's city centre.
He died in hospital from his injuries.He died in hospital from his injuries.
In a news conference on Thursday, San Francisco Police Department chief William Scott announced Mr Momeni's arrest, and added that the suspect knew Mr Lee.In a news conference on Thursday, San Francisco Police Department chief William Scott announced Mr Momeni's arrest, and added that the suspect knew Mr Lee.
Chief Scott said Mr Momeni had been charged with murder and was now in custody at the San Francisco County Jail.Chief Scott said Mr Momeni had been charged with murder and was now in custody at the San Francisco County Jail.
He did not elaborate on how Mr Lee and the suspect knew each other.He did not elaborate on how Mr Lee and the suspect knew each other.
Prosecutors are seeking to hold Mr Momeni without bail. An arraignment hearing has been scheduled for Friday.Prosecutors are seeking to hold Mr Momeni without bail. An arraignment hearing has been scheduled for Friday.
Chief Scott said the "case is not closed" despite the arrest and that an investigation is ongoing into Mr Lee's death.Chief Scott said the "case is not closed" despite the arrest and that an investigation is ongoing into Mr Lee's death.
Mission Local, a regional news outlet, first reported on the arrest and identified the suspect as someone who works in the tech industry.Mission Local, a regional news outlet, first reported on the arrest and identified the suspect as someone who works in the tech industry.
Citing police sources, the report said Mr Lee and the suspect were in a vehicle together and had an altercation before Mr Lee was stabbed.Citing police sources, the report said Mr Lee and the suspect were in a vehicle together and had an altercation before Mr Lee was stabbed.
Police officers first responded to reports of the stabbing at around 02:35 local time (09:35 GMT) on 4 April.Police officers first responded to reports of the stabbing at around 02:35 local time (09:35 GMT) on 4 April.
The San Francisco Standard viewed CCTV footage that shows Mr Lee walking down a deserted alleyway, seemingly looking for help.The San Francisco Standard viewed CCTV footage that shows Mr Lee walking down a deserted alleyway, seemingly looking for help.
He is seen stumbling towards a parked car and lifting up his shirt to reveal his wound, but the vehicle drives off before the tech entrepreneur falls to the ground.He is seen stumbling towards a parked car and lifting up his shirt to reveal his wound, but the vehicle drives off before the tech entrepreneur falls to the ground.
Police found Mr Lee unconscious in the Rincon Hill neighbourhood with two stab wounds to his chest, and started to administer aid before rushing him to hospital.Police found Mr Lee unconscious in the Rincon Hill neighbourhood with two stab wounds to his chest, and started to administer aid before rushing him to hospital.
He was the chief product officer of the cryptocurrency company MobileCoin.He was the chief product officer of the cryptocurrency company MobileCoin.
Mr Lee is also credited with founding Cash App, a smartphone-based platform that allows person-to-person money transfers. The app is popular in the US and is worth $40bn (£32bn), according to Forbes.Mr Lee is also credited with founding Cash App, a smartphone-based platform that allows person-to-person money transfers. The app is popular in the US and is worth $40bn (£32bn), according to Forbes.
His death garnered many tributes from figures in the US tech industry.His death garnered many tributes from figures in the US tech industry.
It also ignited criticism against authorities in San Francisco for their response to the city's violent crime rate.It also ignited criticism against authorities in San Francisco for their response to the city's violent crime rate.
During Thursday's news conference, San Francisco's District Attorney Brooke Jenkins addressed the criticism by saying that her office and police had "worked tirelessly" to solve Mr Lee's case and others.During Thursday's news conference, San Francisco's District Attorney Brooke Jenkins addressed the criticism by saying that her office and police had "worked tirelessly" to solve Mr Lee's case and others.
She also accused those who linked Mr Lee's murder to overall safety in San Francisco of making "reckless and irresponsible" statements.She also accused those who linked Mr Lee's murder to overall safety in San Francisco of making "reckless and irresponsible" statements.
Ms Jenkins specifically mentioned Elon Musk by name, who tweeted after Mr Lee's stabbing that "violent crime in San Francisco is horrific and even if attackers are caught, they are often released immediately."Ms Jenkins specifically mentioned Elon Musk by name, who tweeted after Mr Lee's stabbing that "violent crime in San Francisco is horrific and even if attackers are caught, they are often released immediately."
She said the tweet "assumed incorrect circumstances about Mr Lee's death served to mislead the world in their perceptions of San Francisco".She said the tweet "assumed incorrect circumstances about Mr Lee's death served to mislead the world in their perceptions of San Francisco".
Police statistics suggest San Francisco's murder rate is fairly consistent. There were 56 murders last year, and 56 the year before. The city seems track for a similar homicide rate this year. Police statistics suggest San Francisco's murder rate is fairly consistent. There were 56 murders last year, and 56 the year before. The city seems on track for a similar homicide rate this year.
According to the Sam Francisco Chronicle, the city has unusually high rates of property crime, such as theft and burglary, though lower-than-average rates of violent crime compared with other US cities. According to the San Francisco Chronicle, the city has unusually high rates of property crime, such as theft and burglary, though lower-than-average rates of violent crime compared with other US cities.
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