Argentine judge clears President Milei of wrongdoing in meme coin scandal
The judge said the token’s rise and collapse did not prove fraud and closed the probe into 11 defendants, including Karina Milei.
- On Friday, federal judge Marcelo Martinez de Giorgi dismissed a criminal investigation into Argentine President Javier Milei and Karina Milei regarding a meme coin scandal involving LIBRA.
- Accusations surfaced after Milei recommended the LIBRA coin on Twitter in February 2025, triggering a brief rally before the price plummeted, causing significant losses for investors.
- During a Todo Noticias interview, Milei insisted he acted "in good faith" and that "I didn't promote it, I merely shared it," maintaining investors participated "voluntarily."
- Dismissing the case at the request of prosecutor Eduardo Taiano, Martinez de Giorgi concluded "the reported events do not fall under a legal category" and no "criminally relevant deception" occurred.
- While Congress had planned impeachment proceedings citing a potential "rug pull," the Anti-Corruption Office investigated the matter, though Milei has yet to comment on the decision.
125 Articles
125 Articles
The Argentine Justice rejected the legal proceedings against President Javier Milei and his sister Karina for the case of the cryptocurrency $Libra, which was launched in 2025. The Prosecutor's Office accused the Milei of being responsible for an alleged scam for the promotion of the active crypto.
dagelijksestandaard.nl
BUENOS AIRES (AFP/RTR) - A judge on Friday declared the criminal case against Argentine President Javier Milei and his sister Karina Milei inadmissible. They were accused of fraud involving a cryptocurrency. According to the court, there is no evidence for this. In February 2025, President Milei set...
LIBRA case against Milei and 10 others dismissed by Argentine judge
An Argentine federal judge has dismissed the LIBRA criminal case against President Javier Milei and 10 other defendants, including his sister Karina and U.S. businessman Hayden Davis, at the prosecutor’s request. La Nación reported that Judge Marcelo Martínez de Giorgi…
The judiciary does not see sufficient evidence for criminal prosecution against the President of Argentina.
On Friday, 23 October, the Argentine courts dismissed President Javier Milei and his sister Karina in the case of the $LIBRA cryptocurrency, to which the head of state had been associated, resulting in an investigation for alleged fraud.
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