{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=&target_lang=NL&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=Monero%27s+Riccardo+Spagni+arrested+with+charges+of+fraud&text=Riccardo+Spagni%2C+also+known+as+Fluffy+Pony%2C+has+been+apprehended+with+charges+of+fraud+involved+in+work+prior+to+his+time+at+Monero.&text=Former+lead+maintainer+of+Monero+%3Ca+title%3D%22XMR+Markets%22+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fcoins%2Fxmr%2F%22+data-replaced%3D%22true%22%3E%28XMR%29%3C%2Fa%3ERiccardo+Spagni+has+been+arrested+for+work+prior+to+%3Ca+title%3D%22Crypto+Trader+Test+%26amp%3B+Review%22+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fcrypto-trader-review%2F%22+data-replaced%3D%22true%22%3Ecryptocurrency%3C%2Fa%3E+As+per+a+court+order+from+the+South+African+government%2C+Spagni+was+arrested+in+Tennessee+ahead+of+a+flight+out+to+Los+Cabos%2C+Mexico.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0ACurrently%2C+in+the+US+Attorney+General+custody%2C+Spagni+is+awaiting+to+hear+whether+he+is+to+be+held+pending+trial.+The+arrest+came+at+the+behest+of+the+South+African+government+owing+to+charges+of+fraud.+According+to+%3Ca+href%3D%22https%3A%2F%2Fstorage.courtlistener.com%2Frecap%2Fgov.uscourts.tnmd.87126%2Fgov.uscourts.tnmd.87126.3.0_1.pdf%22%3Ecourt+documents%3C%2Fa%3E%2C+Spagni%27s+offences+were+committed+in+South+Africa+between+2009+and+2011.+According+to+the+documents%2C+Spagni+was+involved+in+fraudulent+activity+before+his+time+at+Monero.+The+documents+read%3A+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0A%3Cem%3E%E2%80%9CAs+an+employee+of+Cape+Cookies%2C+SPAGNI+intercepted+invoices+from+another+company%2C+Ensync%2C+relating+to+information+technology+goods+and+services+it+had+supplied+Cape+Cookies.+SPAGNI+knowingly+used+false+information+to+fabricate+similar+invoices+purporting+to+be+from+Ensync%2C+relying+on+details+including+this+company%27s+Value+Added+Tax+%28VAT%29+number+and+bank+account+information.+SPAGNI+then+inflated+the+prices+for+the+goods+and%2For+services.%E2%80%9D+%3Cstrong%3EBold%3C%2Fstrong%3E%3C%2Fem%3E%0A%0AIt+has+been+reported+in+the+documents+that+the+fabricated+invoices+did+not+use+the+real+bank+account+of+Ensync.+Instead%2C+Spagni+used+the+details+of+a+bank+account+under+the+control+of+Spagni.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0AA+hearing+on+August+5th+will+determine+whether+he+is+held+pending+trial.+Following+the+trial%2C+the+conviction+will+determine+what+his+sentence+might+be.+If+convicted+in+his+home+country%2C+Spangi+could+be+looking+at+a+20-year+prison+sentence.%0A%3Ch2%3ESpagni+in+crypto%3C%2Fh2%3E%0AWhile+this+was+prior+to+his+cryptocurrency+work%2C+Spagni+has+built+a+reputation+in+the+cryptocurrency+scene.+On+Twitter%2C+he+goes+under+the+handle+%40FluffyPony+and+has+developed+a+following+and+has+influence+and+authority.+He+has+worked+in+the+market+from+at+least+2011+and+was+involved+in+Monero+until+the+end+of+2019.+It+remains+to+be+seen+whether+his+apprehension+shifts+Monero+in+any+direction+in+the+market%2C+although+it%27s+unlikely+given+his+time+out+of+the+project.","timeout":15}