Cash App owner failed to protect customers from fraud, feds say
Cash App-owner Block must offer up to $120 million in refunds to consumers who federal regulators say were exposed to potential fraud.
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Cash App-owner Block must offer up to $120 million in refunds to consumers who federal regulators say were exposed to potential fraud.
Nima Momeni has been found guilty of second-degree murder in the fatal stabbing of Cash App founder Bob Lee, a verdict reached by a San Francisco jury after seven days of deliberations.
Tech consultant Nima Momeni has been found guilty of second-degree murder in the 2023 stabbing of Cash App founder Bob Lee. CBS News Bay Area reporter Lauren Toms has more details.
A jury found Nima Momeni guilty of second-degree murder in the trial related to the death of Cash App founder Bob Lee. CBS News San Francisco has the latest confirmed information.
A verdict has been reached and will be announced soon in the trial of Nima Momeni, the man accused of fatally stabbing Cash App founder Bob Lee in 2023. CBS News San Francisco reporter Lauren Toms has more.
Nina Momeni, the tech consultant accused of fatally stabbing Cash App founder Bob Lee, claimed in testimony Monday that he acted in self-defense. CBS News Bay Area reporter Lauren Toms has the latest on the case.
The defendant's sister delivered stunning testimony last week in the murder trial for the man accused of fatally stabbing Cash App founder Bob Lee. CBS News Bay Area reporter Lauren Toms has more on the case.
Users of the electronic payment service Cash App will have the ability to claim as much as $2,500 in connection to a lawsuit claiming the company was negligent with their data on two separate occasions. Ted Rossman, senior industry analyst for Bankrate, joined CBS News to discuss the payouts.
A court hearing will be held in California on Thursday for Nima Momeni, the 38-year-old man accused of murdering Cash App founder Bob Lee. Momeni was arrested last year for allegedly stabbing Lee to death in San Francisco. He has pleaded not guilty. Jonah Owen Lamb, senior reporter for the San Francisco Standard, joined CBS News to discuss the case.
Peer-to-peer payments, cash card purchases and other transactions have been disrupted, Square said.
Getting paid through online apps like Venmo or PayPal has become commonplace. But there are new warnings about the safety of these apps as more people are choosing to keep a running balance and bypass traditional, government-insured banks altogether. Jennifer Streaks, a senior personal finance reporter and spokesperson for Insider, has more.
Financial watchdog urges consumers who keep funds with a digital app to transfer the money to an insured bank account.
Nima Momeni, the tech executive charged in the stabbing death of Cash App founder Bob Lee last month, appeared in a San Francisco courtroom Thursday, where he pleaded not guilty to murder charges.
Nima Momeni, the tech executive accused of stabbing Cash App founder Bob Lee to death, pleaded not guilty through his attorney in a San Francisco courtroom Thursday.
Neighbors described Momeni as "warm" and said it was a shock to see him arrested by police.
San Francisco Police Chief Bill Scott identified the suspect as Nima Momeni, 38, and said Momeni and Lee knew each other.
Lee, 43, was the chief product officer of San Francisco-based cryptocurrency startup MobileCoin. He also started Cash App and was a former chief technology officer of Square.