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SAveraged
OUTH African crypto developer Riccardo Spagni, who was arrested in the US last year at the request of SA authorities, is set to return to South Africa to face fraud charges after he waived his right to an extradition hearing.
Spagni, known tech circles as “Fluffypony”, is a former lead maintainer for privacy-focused cryptocurrency Monera.
He is accused of defrauding Cape Town cookie company Cape Cookies over a decade ago of around R1.4 million by submitting falsified and inflated technology invoices. He has denied the charges against him.
Spagni has previously said that he intended to return to SA to ‘address’ the accusation he defrauded his former employer and ‘get it behind me once and for all’. Spagni was arrested in the US in July last year when his chartered jet landed in Nashville, Tennessee, on its way to Mexico. After being kept in custody for 60 days, he was released pending an extradition hearing. He was ordered to stay in Tennessee and surrender his passport. A court in Nashville, Tennessee, has now ordered that he be handed over to South African authorities to be flown back to SA after he ‘knowingly and voluntarily’ waived his right to an extradition hearing.
“The United States shall notify Spagni on Wednesday. The PMI rebound was largely driven by a significant of the date on which duly authorised representatives of the government of South Africa will depart South Africa to effectuate his arrest,” the court ruled.
“On the eve of the date on which the South African representatives begin their travel, Spagni (will) surrender as directed by the United States to the United States Marshal.”
A time and place for the handover has not been agreed to. recovery in the new-sales-orders index, reflecting a normalisation in
The court also ruled that Spagni’s passport could be temporarily released to his legal team so that he could apply for a social security number, indicating he intends to return to the US.
The case against him
According to the National Prosecuting Authority (NPA), Spagni “fled” SA in March last year when he was expected to be in court for a trial date in the Cape Cookie fraud case.
A warrant was issued for his arrest on April 19 that same year when he failed to appear in person at the next court hearing.
“(His lawyer) told the court that he had informed the accused about the court date telephonically,” the NPA said in documents submitted to the US court.
“He also advised that he had no instructions regarding Spagni’s whereabouts and that he was unable to reach Spagni, and that his phone was just ringing.”
Spagni’s lawyers have denied that he fled SA, saying he and his wife were in the process of immigrating to the US and had been unable to return to SA in time for the court dates due to strict COVID-19 protocols.
His legal team also previously claimed that the NPA’s case against Spagni was weak because ‘critical’ bank records related to Cape Cookies had been lost in a fire, a claim the NPA has denied.