South Africa Charges Former Monero Lead Developer With 378 Counts of Fraud and Forgery

Former Monero pb maintainer, Riccardo Spagni, faces implicit 370 counts of fraud, forgery, and uttering. The charges against the developer stem from fraudulent activities helium allegedly committed erstwhile helium was inactive employed by Cape Cookies.

Fluffypony Pleads Not Guilty

The alleged crypto mogul and erstwhile Monero pb developer, Riccardo Spagni, has been charged with 378 counts of fraud by the South African government, a study has said. The charges travel allegations that Spagni defrauded his erstwhile leader of much than $93,500 (R1,453,561). The crimes are alleged to person taken spot betwixt October 2009 and June 2011.

As previously reported by Bitcoin.com News, Spagni was arrested successful Tennessee by U.S. instrumentality enforcement. The pb maintainer’s apprehension stems from a warrant that was issued by a South African tribunal erstwhile Spagni, who is besides known arsenic “Fluffypony,” failed to marque a regular tribunal appearance.

Spagni, who has since pleaded not blameworthy to the charges, is accused of cheating his erstwhile South African employer, Cape Cookies, by inflating the magnitude of wealth that was owed to the supplier. According to 1 report, the erstwhile Monero pb maintainer would past guarantee that the funds would beryllium transferred to a slope relationship that helium controlled. Once the outgo was made, Spagni would past transportation the existent magnitude that was owed to the supplier and clasp the balance.

Spagni Waives Right to Extradition Hearing

As per tribunal documents filed successful May 2022, the erstwhile developer is present facing 126 counts of fraud oregon contraventions of the VAT Act. He besides faces “126 counts of forgery [and] 126 counts of uttering.” Attempts by Spagni’s lawyers to person the documents struck from grounds were reportedly rejected by a U.S. court, a study said.

Meanwhile, the revelation of the South African government’s charges against Spagni came conscionable a fewer days aft the erstwhile Monero maintainer reportedly waived his close to an extradition hearing. Also, successful an affidavit reportedly filed connected May 25, Spagni is said to person asked the U.S. tribunal to hasten his extradition to South Africa.

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