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Defendant in Cash App founder's death found guilty of second-degree murder

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Defendant in Cash App founder's death found guilty of second-degree murder

A San Francisco jury found Nima Momeni, the man accused of killing Cash App founder Bob Lee last year, found guilty of second-degree murder Tuesday.

Momeni was found not guilty of first-degree murder. The verdict was read out in San Francisco Superior Court on Tuesday morning local time. 

The jury reached their verdict Monday afternoon after seven days of deliberations. He faces 16 years to life in prison.

Prosecutors alleged that Momeni, 40, a self-described tech entrepreneur, stabbed Lee three times with a knife he took from Momeni’s sister’s kitchen set in April 2023.

14 DETAINED IN ARMED AURORA, COLORADO HOME INVASION ARE LIKELY ILLEGAL GANG MEMBERS: POLICE

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Nima Momeni, left, was accused of fatally stabbing Cash App founder Bob Lee, right. (Nima Momeni/LinkedIn, Bob Lee/Facebook)

After the verdict was read, Momeini gave no visible reaction, though one of his attorneys put a hand on his shoulder, according to KTVU’s Henry Lee, who was inside the courtroom as the verdict was read.

Bob Lee’s brother, Oliver Lee, praised prosecutors at a press briefing immediately afterward. 

“I think it was a very difficult case to prove in this day and age and I think [prosecutors were] up against the wrath of lawyers and a very high-powered defense team that was very expensive and very media friendly… and I think they did a great job,” Oliver Lee said. 

He said he wished that the jury had come back with first-degree murder, but conceded: “It is what it is.” 

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“I know for a fact I’m never going to have my brother back, but this is the best of all worst of outcomes, right? So this is where we are today,” Oliver Lee said.

Asked about how he felt when the verdict was read out, Oliver Lee said: “I thought I was having a heart attack.”

Momeni’s mother, Mahnaz Tayarani Babai, who attended every day of the trial, said defiantly that her son plans to appeal the decision.  

“I know my son and he never does (sic) that,” she said. “But this is not a fair trial and we will stand and we will continue. We are strong. We have been in difficult times together.”

Nima Momeni, the man charged in the fatal stabbing of Cash App founder Bob Lee, makes his way into the courtroom for his arraignment in San Francisco on May 2, 2023. (Gabrielle Lurie/San Francisco Chronicle via AP, Pool, File)

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San Francisco District Attorney Brooke Jenkins praised her prosecutors and said that the case was about two men in a private fight and not about the general crime rates in San Francisco.

She noted that Elon Musk had drawn nationwide attention to the killing at the time and connected it to crime in the city.

“After Bob Lee was murdered, Elon Musk took to Twitter to make an effort to really shame San Francisco and to make it seem like this was about lawlessness in San Francisco and about what’s going on in our streets,” Jenkins said.

“And we knew it was something different. And I think today proved once again that we are a city committed to accountability. We are a city committed to public safety, and that when something bad happens, which we can’t always control, that law enforcement at every level will respond to make sure that there is justice and accountability in each and every situation.”

SURVEILLANCE VIDEO SHOWS CASH APP FOUNDER USING KNIFE TO SNORT COCAINE BEFORE DEATH, DEFENSE ALLEGES

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Prosecutors claimed that Momeni planned and carried out the killing after hearing that the Cash App founder had introduced Momeni’s sister to a drug dealer who she says gave her GHB (Gamma-Hydroxybutyric acid) and other drugs before sexually assaulting her at his apartment. GHB acts as a nervous system depressant.

Momeni lured Lee to an isolated spot by the Bay Bridge where he stabbed him before driving away in his car, prosecutors said. The prosecution said Lee’s blood was found on the blade and that Momeni’s DNA was found on the handle, per KTVU FOX 2.

Bob Lee’s ex wife, Krista Lee, is embraced by Rick Lee, Bob Lee’s father, at the Hall of Justice following Nima Momeni’s murder trial, on Dec. 17, 2024, in San Francisco.  (AP Photo/Benjamin Fanjoy)

Momeni’s defense attorney said that he stabbed Lee in an act of self-defense as he tried to fend off an attack by Lee, who snapped over a bad joke. They say Lee was on a multi-day cocaine and alcohol bender and attacked Momeni with the knife over the joke, forcing Momeni to defend himself.

He testified during trial that Lee later walked away, showing no signs he was injured. 

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Attorneys for Momeni played bombshell surveillance video during closing arguments that they say shows Lee using a knife to snort cocaine hours before his death. They argued it was the same knife that Lee used to confront their client over the joke which led to the altercation.

Momeni testified he stopped his car after going over a pothole that caused Lee to spill the beer he was holding. Momeni said he then cracked a joke suggesting Lee should spend the last night of his visit with family instead of trying to find a strip club to keep the party going.

That’s when he says Lee pulled out the knife from his jacket pocket and attacked.

Bob Lee’s brother, Oliver Lee, praised prosecutors at a press briefing immediately afterward.  (AP Photo/Benjamin Fanjoy)

Surveillance video showed the two men leaving the condo of the defendant’s sister, Khazar Momeni, around 2 a.m. on April 4, 2023, and getting into Momeni’s BMW.

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Other surveillance footage showed them getting out of the car near the Bay Bridge, where the stabbing took place. 

Lee was found staggering on a deserted downtown San Francisco street at 2:30 a.m., dripping a trail of blood and calling for help. He later died at a hospital.   

Lee lived in Miami but was visiting the Bay Area when he was killed.

“I made a bad joke. I said if it was my last night in town, I’d go hang out with my family instead of f—— around in strip clubs. It set him off. He just blew up in front of me. He went from zero to one hundred. He was very angry,” Momeni said, according to KRON. 

A courtroom sketch depicts Nima Momeni blotting his eyes as the verdict is read in on Dec. 17, 2024. Momeni was found guilty of second degree murder in the 2023 stabbing death of Cash App founder, Bob Lee.  (Vicki Behringer)

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However, the prosecution has mocked Momeni’s story, pointing out that he never called police to report Lee’s alleged attack or even after he learned Lee had died of stab wounds on the street where he had last seen him. 

Lee created the mobile payment service Cash App in 2013 while he was working at Block, formerly known as Square. The app is a digital wallet which allows users to send, receive or save money. 

Fox News’ Greg Norman and The Associated Press contributed to this report.

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Arizona

Here’s how to give public comment on future Colorado River plans

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Here’s how to give public comment on future Colorado River plans


PHOENIX — After years of negotiations, Arizona still doesn’t know what its long-term water future will look like, and now the federal government is preparing to step in.

States across the Colorado River Basin have failed to reach a deal on how to share the shrinking river after current operating rules expire in 2026. With no state-led agreement in place, federal officials are moving forward with their own plan, one that could bring steep cuts to Arizona’s water supply.

And for Arizonans, the clock is ticking to weigh in. Public comment remains open until March 2. To submit your comment on what the government should do, send your comments in email to crbpost2026@usbr.gov.

Additional information is available online. The project website can be accessed here, along with links to YouTube videos published by the government, recorded in January and February which walk through of the options available.

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Many Arizona leaders have already offered their public comments, which are overwhelmingly negative.

“We were very disappointed with that document,” said Brenda Burman, the Central Arizona Project General Manager “If any of those alternatives were implemented, it would be very difficult, and perhaps devastating for Arizona.”

Arizona’s top Colorado River negotiator, Tom Buschatzke, echoed those concerns.

“None of those alternatives are very good for the state of Arizona,” Buschatzke said. “I’m not seeing how we’re going to break that stalemate.”

Congressman Juan Ciscomani also criticized the proposals, saying the impacts of Colorado River cuts extends into Pinal, and Pima counties.

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“That’s not an acceptable solution for us,” Ciscomani said. “We want to play ball, but we want to make sure everyone across the board uses less and becomes more efficient.”

Some of the federal alternatives would reduce Arizona’s Colorado River supply by 40%, 50%, or in the most extreme case up to 70%.

Experts at ASU Kyl Center for Water Policy say part of the problem lies upstream.

“The reason for this current impasse is because the upper basin states have refused to take cuts in their Colorado River use,” said Sarah Porter, the center’s director.

Upper Basin states like Colorado and Utah rely on different water rules than Arizona and other Lower Basin states, complicating negotiations that have dragged on for years.

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Arizona has already been living with cuts for several years. Since 2021, the state has faced an 18% reduction in Colorado River water deliveries due to a Tier 1 shortage declaration. Most of those cuts have fallen on Central Arizona Project users, including agriculture and some tribal communities.

Buschatzke argues that pushing Arizona into deeper reductions would violate long-standing Western water law.

“We will be protecting the state of Arizona,” he said. “And if that has to be litigation, it will be litigation.”

That means a lawsuit against the federal government, or upper basin states is now a real possibility if the final plan moves forward unchanged. The state legislature has put $3 million in a state fund for potential litigation on the Colorado River.

After the comment period closes, the federal government is required to review public feedback and issue a formal ‘Record of Decision’, likely sometime this summer. Advocacy groups say public feedback matters.

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“I just encourage Arizonans to look at this document, understand what that means for your family, your businesses, and what it means for the future,” said Kyle Roerink of the Great Basin Water Network. “Then figure out if you want to advocate for one scenario over another.”

A new operating plan must be in place by October 1, setting the rules for how the Colorado River will be managed for years to come, and shaping Arizona’s water future in the process.

This story was reported on-air by a journalist and has been converted to this platform with the assistance of AI. Our editorial team verifies all reporting on all platforms for fairness and accuracy.





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California

More SoCal rallies for and against military action in Iran expected on Sunday and Monday

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More SoCal rallies for and against military action in Iran expected on Sunday and Monday


LOS ANGELES (KABC) — Worshippers across Los Angeles were met with an increased law enforcement presence on Sunday as police and sheriff’s deputies stepped up patrols outside mosques, synagogues and cultural landmarks following the strikes on Iran.

Local officials said there are no credible threats to Southern California, but the Los Angeles Police Department and the Los Angeles County Sheriff’s Department heightened visibility as a precaution to ensure communities stay safe.

More demonstrations tied to the attack on Iran are expected Sunday and Monday. Several protests were held across Southern California on Saturday.

READ MORE | Rallies for and against military action in Iran draw demonstrators across Southern California

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While Iranian-Americans celebrated in Westwood, protesters gathered in downtown Los Angeles to oppose the Trump administration’s attacks against Iran.

While some groups gathered in downtown Los Angeles to protest the strikes, others assembled in Westwood to celebrate “the fall of the Ayotollah,” according to organizers.

Authorities said they will continue monitoring events as the region prepares for additional gatherings in the days ahead.

This is a developing story. This article will continue to be updated as more information becomes available.

Copyright © 2026 KABC Television, LLC. All rights reserved.

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Colorado

Colorado lawmakers duel over data centers: Grant millions in tax breaks or regulate them without incentives?

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Colorado lawmakers duel over data centers: Grant millions in tax breaks or regulate them without incentives?


Colorado lawmakers are deciding this year between two disparate approaches on data centers — one that aims to lure them to the Centennial State with millions of dollars in tax incentives and another that would implement some of the strictest statewide regulations in the country on the booming tech industry.

Either of the two competing bills would create the state’s first regulations specific to data centers. Sponsors of both bills say they hope to minimize environmental impacts from the power and water demands of the centers, while also ensuring that the cost of new infrastructure they need doesn’t wind up on residents’ electric bills.

Both bills are sponsored by Democrats but differ widely in what they’d do.

The bill supported by the data center industry — House Bill 1030 — would incentivize companies to comply with regulations in exchange for large tax breaks. The legislation would not regulate data centers whose owners forgo a tax break.

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The other bill — Senate Bill 102 —  would offer no incentives, instead imposing regulations on all large data center development across the state. It is supported by environmental and community groups.

“We want to make sure that as data centers come here, they come on our terms,” said Megan Kemp, the Colorado policy representative for Earthjustice’s Rocky Mountain office.

The bills have landed as debate over the future of data center regulation intensifies across the state. Data centers house the computer servers that function as the main infrastructure for the digital world. They crunch financial data, store patients’ health information, process online shopping, register sports betting and — increasingly — make possible the heavy data demands of artificial intelligence.

Several companies have begun construction on large data centers across the Front Range in recent years. A 160-megawatt hyperscale facility is under development in Aurora and could consume as much power as 176,000 homes once completed.

The construction of a 60-megawatt data center campus in north Denver has angered those who live by the site and prompted Denver city leaders last week to call for a moratorium on new data center development while they craft regulations for the industry. Larimer County and Logan County have enacted similar moratoriums.

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Hundreds gathered Tuesday night at a community meeting about the northern Denver campus owned by CoreSite. Frustration in the crowd — which filled overflow rooms and the front lawn of the building that hosted the meeting — erupted as residents of the neighborhoods surrounding the center expressed concerns about how it would impact their air quality, power and water supplies.

Attendees said they did not know the data center was being built until they saw construction underway.

CoreSite leaders had planned to attend the meeting. But they pulled out of participating the day before because of safety concerns, company spokeswoman Megan Ruszkowski wrote in an email. She did not elaborate on the concerns. A Denver police spokesman said the department did not have any record of a police report filed by CoreSite in the days prior to the meeting.

CoreSite’s absence left officials from the city and utilities to answer the crowd’s questions and field their frustrations. City leaders told attendees that they had no say in whether the data center could be built because there are no city regulations specific to the industry.

“Data centers are proliferating quickly and we don’t know all the impacts,” said Danica Lee, the city’s director of public health investigations. “That’s why we need this moratorium.”

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Promises of future regulation meant little to the residents of Elyria-Swansea, where the data center is scheduled to go online this summer. More than an hour into the meeting, a man took the microphone. He noted that so much of the conversation had focused on technicalities — but the information provided had not answered a question on many residents’ minds.

“How do we stop it now?” he asked, to a loud round of applause from the room.

An overflow crowd watches through the windows during a community meeting at Geotech Environmental to discuss concerns about a new data center under construction in the Elyria-Swansea neighborhood in Denver on Tuesday, Feb. 24, 2026. (Photo by AAron Ontiveroz/The Denver Post)

Transformative opportunity?

Some in the state Capitol think more data centers would be beneficial for Colorado.

Supporters of the tax incentive bill in the legislature said luring the industry to Colorado would create high-paying jobs, help pay for electrical grid modernizations and strengthen local tax bases.

“This could be transformative for the state,” said Rep. Alex Valdez, a Denver Democrat who is one of HB-1030’s sponsors.

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In exchange for complying with rules, data center companies would be exempted from sales and use taxes for 20 years for purchases related to the data center, like the expensive servers they must replace every few years. After two decades, the companies could apply for an extension to the exemption.

To earn the tax break, data center companies would have to meet requirements that include:

  • Breaking ground on the data center within two years.
  • Investing at least $250 million into the data center within five years.
  • Creating full-time jobs with above-average wages, though the legislation doesn’t specify how many jobs would be required.
  • Using a closed-loop water cooling system that minimizes water loss, or a cooling system that does not use water.
  • Working to make sure the data center “will not cause unreasonable cost impacts to other utility ratepayers.”
  • Consulting with the Colorado Department of Natural Resources about wildlife and water impacts.

While the bill would exempt data centers from sales tax on some purchases, they would still be on the hook for all other taxes, Valdez said, and would bring both temporary and permanent jobs. The bill does not specify how many permanent jobs must be created to qualify for the tax break.

Dozens of other states have enacted tax incentive programs for data centers. Such incentives are a key factor that companies weigh when deciding where to build, said Dan Diorio, the vice president of state policy for the Data Center Coalition, an industry group.

“Colorado is not competitive right now,” he said.

Figuring out the projected impact of the bill on the state’s finances gets complicated.

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The legislature’s nonpartisan analysts estimated that the state would miss out on $92.5 million in sales tax revenue in the first three years, assuming a total of 17 data centers would qualify for the tax breaks in that time period.

But Valdez said that is revenue that the state otherwise wouldn’t see if the data centers weren’t built here. And the companies would still pay all other state and local taxes, he said.

“We see it as unrealized revenue, rather than a tax cut,” he said.

Some of that lost tax revenue would be offset by an increase in income taxes paid by low-income families, according to the bill’s fiscal note.

That’s because the projected decrease in sales tax revenue in the first year of the program would decrease the amount of money available for the state to provide its recently enacted Family Affordability Tax Credit. State law ties the amount available for the family tax credit to state revenue growth and whether the state collects money above a revenue cap set by the Taxpayer’s Bill of Rights. TABOR requires money above that level to be returned to taxpayers.

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If the state doesn’t have excess revenue, it can’t fund that tax credit.

In the next fiscal year, which begins in July, data center companies would avoid paying $29 million in sales taxes, which would trigger a change in the family tax credit. Low-income families would be made to pay a total of $106 million more, the fiscal note estimates.

Bill sponsors are planning to address the fallout for the tax credit in forthcoming amendments, Valdez said.

“We’re not out to trigger any negative impacts to low-income families,” he said.

Tyler Manke skateboards at Elyria Park near a new data center being built by CoreSite in the Elyria-Swansea neighborhood of Denver on Tuesday, Feb. 24, 2026. (Photo by AAron Ontiveroz/The Denver Post)
Tyler Manke skateboards at Elyria Park near a new data center being built by CoreSite in the Elyria-Swansea neighborhood of Denver on Tuesday, Feb. 24, 2026. (Photo by AAron Ontiveroz/The Denver Post)

Baseline guardrails

Forgoing tax dollars during a state budget crisis is a hard sell to Rep. Kyle Brown, a Louisville Democrat sponsoring the regulatory bill. He and other supporters of SB-102 aren’t convinced tax incentives are necessary to bring data centers to the state.

Major construction projects are already underway, he said. In Denver, CoreSite chose not to pursue $9 million in tax breaks from the city but continued construction on its facility regardless.

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“The point of our policy is (putting) reasonable, baseline guardrails on this development so it can be smart,” Brown said.

Brown last session co-sponsored a failed bill with Valdez that offered tax incentives to data centers. Since then, however, he’s seen other states that offer tax incentives express buyers’ remorse, he said.

Brown pointed to concerns in Virginia about rising electricity costs due to data center demand and a proposal by the governor of Illinois to suspend the state’s tax credit so that the impacts of the data center boom it sparked could be studied.

His bill this session — co-sponsored by Sen. Cathy Kipp, a Fort Collins Democrat — requires that data centers over 30 megawatts:

  • Draw as much power as possible from newly sourced renewable energy by 2031.
  • Pay for any additions or changes to the grid needed to serve the data center.
  • Adhere to local rules about water efficiency.
  • Limit the use of backup generators that consume fossil fuels; if such generators are necessary, they must be a certain type that limits emissions.
  • Conduct an analysis of the data center’s impacts on local neighborhoods, engage in community outreach and sign a legally binding good-neighbor agreement if the community is disproportionately affected by pollution.

Owners of data centers would also need to report metrics annually to the Colorado Department of Public Health and Environment. They would cover the center’s annual electricity consumption, how much of that power came from renewable sources, the total number of hours backup generators were used and annual water use.

Utilities, too, would face additional requirements.

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