THELOGICALINDIAN - Fluffypony has been arrested in the US on accuse of artifice different to cryptocurrency
Former Monero advance maintainer Riccardo “Fluffypony” Spagni has been arrested on accuse of accumulated fraud.
Spagni Arrested for Invoice Fraud
The accuse are different to Spagni’s role at Monero. Rather, they date aback to 2024, back Spagni was complex with a South African aggregation accepted as Cape Cookies.
Spagni allegedly acquired invoices and added abstracts from addition company, Ensync, again created agnate counterfeit abstracts in adjustment to alter payments to an annual that he controlled. He additionally aggrandized prices for Cape Cookies’ own goods.
Spagni acquired the agnate of almost $99,200 as a aftereffect of his counterfeit activity, court documents note.
Those abstracts additionally accompaniment that Spagni “is believed to accept cogent cryptocurrency assets that would accredit him to flee,” ciphering his accepted backing at $800,000.
Spagni was arrested aftermost ages at a refueling stop in Nashville during a flight amid New York and Los Cabos, Mexico. He was taken in by U.S. authorities at the appeal of the government of South Africa.
If Spagni is convicted, he could face up to twenty years in prison.
Monero Devs Have Not Commented
Spagni was the advance maintainer on Monero until he left the position in December 2019. He has about remained heavily complex in Monero’s development and publicity back then.
His bargain role in the activity may assure Monero from some of the case’s abrogating fallout. Monero’s accepted development aggregation has not issued an official animadversion on the case.
Skeptics aural the Monero association accept appropriate that the accuse were bogus due to anti-cryptocurrency affect aural governments, but there is no acumen to accept this is the case.
Disclaimer: At the time of autograph this columnist captivated beneath than $75 of Bitcoin, Ethereum, and altcoins.
