San Francisco police have made an arrest in connection with the killing of Bob Lee, the founder of Cash App and former executive at Square. Board of Supervisors President Aaron Peskin has confirmed that a suspect is in custody for the stabbing death of the 43-year-old entrepreneur on April 4th in San Francisco.
The suspect has been identified as Nima Momeni, the owner of outsourcing firm Expand IT based in Emeryville, according to sources from Mission Local. It is believed that Lee and Momeni knew each other and were in the same car at the time of the incident. Allegedly, a confrontation occurred in the car and may have continued after Lee exited.
The San Francisco Police Department has been contacted for comment. Lee, who was recently the chief product officer of crypto startup MobileCoin, had a prominent background in the tech industry, including involvement in creating Android’s early core library and supporting tech startups as an investor. He also contributed to the development of the World Health Organization’s mobile app during the COVID-19 pandemic.
If confirmed, this development could shed light on the unusual circumstances of Lee’s murder in a relatively quiet area of San Francisco during the early morning hours. While disputes in the tech industry are not uncommon, they rarely escalate to violence, making this incident a rare occurrence in the history of the sector.