Former Developer of Monero Cryptocurrency Arrested At The Request of The South African Government

Riccardo SPAGNI, a former developer of cryptocurrency Monero (XMR), was arrested last month in Nashville, Tennessee on fraud charges related to alleged wrongdoing in South Africa between 2009 and 2011.

According to court documents, Spagni was on board a private jet at the time of his arrest and was about to fly to Mexico. Spagni is currently in custody. The arrest was carried out at the request of the South African government, which is seeking the extradition of Spagni on charges of fraud. The charges are related to his previous work as an information technology manager at Cape Cookies.

Spagni intercepted Ensync's invoices for information technology goods and services that Ensync supplied to Cape Cookies. According to the prosecution, Spagni deliberately used false information to draw up fake invoices from Ensync. The South African prosecutor's office claims that the invoices did not contain Ensync bank details, but bank details belonging to Riccardo Spagni.

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