The first formal complaint against him has already been filed. The document speaks of his participation in an illicit association that led to a “mega-scam,” reported Página12.
The complaint was filed by former deputy Claudio Lozano; the lawyer of the Observatory of the Right to the City, Jonatan Baldiviezo; the lawyer Marcos Zelaya; and María Eva Koutsovitis, engineer and founder of the Movement We Are Those Who Inhabit The City. In it, they accuse him of being a participant in a “mega-scam” that simultaneously affected more than 40 thousand people with losses of more than 4 billion dollars, and they asked that the Quinta de Olivos be raided.
The complainants consider that the President was “a necessary and fundamental participant in an association that had as its axis the execution of a historic scam through cryptocurrencies. An organization that agreed to commit thousands of scams in a premeditated and simultaneous manner. In this mega-scam, the necessary participants were those who organized and created the $LIBRA project and also, in equal measure, those who promoted it and gave reliability and support to the project,” the document states.
In this context, they assured that Javier Milei and the entrepreneurs behind the crypto carried out the “largest rug pull maneuver in history.” “The rug pull occurs when the developers behind a project launch a token and attract investors to increase its value, then abruptly withdraw and take the money,” they explained.
They added: “When scammers drain liquidity pools, the price of crypto assets drops to zero and investors lose the opportunity to exchange tokens for more stable or legal tender tokens.”
In the 34-page document, the complainants also requested a series of evidentiary measures, such as the search of Quinta de Olivos and the Presidency of the Nation “in order to seize all electronic equipment” and the identification and search of the homes of the accused and the companies involved.
They also requested the “intervention and expertise” of the X platform in order to safeguard the content of the account of President Javier Milei and the other people accused, including the records of the deleted tweets.
They also requested the blocking of the virtual wallets and bank accounts of those accused and the adoption of traceability measures for the $LIBRA token transactions in order to identify the beneficiaries of the scam.
The plaintiffs accuse Milei of “breach of duty as a public official,” arguing that the President violated the Public Ethics Law by promoting a financial asset without proper guarantees and using his presidential position to generate confidence in buyers.
In addition to the President, the complaint also includes Julián Peh, CEO and co-founder of Kip Network Inc and KIP Protocol; Daniel Parisini, known by his name on social media as “Gordo Dan”; Agustín Laje; the president of the Chamber of Deputies, Martín Menen; Hayden Mark Davis, representative of Kelsier Ventures; and other officials and private individuals who “are found criminally responsible according to what arises from the investigation to be carried out and in accordance with the factual and legal circumstances that will be set forth below.”
Kelsier Ventures blames Milei for the cryptocurrency crash
Hayden Mark Davis, Head of Kelsier Ventures (a venture capital firm focused on digital assets and founded in 2021 from Delaware) He blamed Javier Milei himself the token’s crash. “When Milei and her team deleted their posts, investors who had purchased the token based on their trust in their backing felt betrayed,” he noted.
This, in turn, “triggered a wave of panic selling, which further exacerbated the situation.” “The sudden loss of confidence had a catastrophic impact on the stability of the token market,” the entrepreneur said, referring RT news.
Hayden Mark Davis, leader of the company that started the project, the launch of the token and the creation of the market for $LIBRA, the cryptocurrency that Milei promoted and that ended in a scam.
In a video posted on Kelsier’s official social media, the businessman who had met with the head of state on January 30, clarified his connection with Milei: “I am working with him and his team on a larger tokenization and on really cool things in Argentina,” he said.
Argentine Anti-Corruption Office to investigate Milei and his cabinet
Argentina’s Anti-Corruption Office (OA) will investigate President Javier Milei and members of his cabinet, at the request of the head of state himself, after he promoted a cryptocurrency on his social networks with possible links to virtual scams.
“President Javier Milei has decided to immediately involve the Anti-Corruption Office (OA) to determine whether there was improper conduct on the part of any member of the National Government, including the President himself,” the Office of the President said in a statement, reported the EFE Agency.
Argentine Congress could investigate Milei
Argentina’s opposition will ask the Congress to investigate to President Javier Milei, along with a request for information on the possible commission of crimes in the House of Representatives to the Chief of Staff, Guillermo Francos, after the president promoted a cryptocurrency on his social networks with possible links to virtual scams, reports EFE.
“The President could have openly violated the Public Ethics Law and the Law of Financial Entities, particularly with regard to advertising for fundraising,” said the president of the Civic Coalition (CC, center) and national deputy Maximiliano Ferraro in X, under a message titled: “Milei must be investigated in Congress.”
The Argentine left also joined the request, with the deputy and one of the leaders of the Left Unity Front, Nicolás del Caño, asking that the possible “interpellation” of Milei before the Lower House be broadcast on national television.
“We are going to ask for Milei’s questioning in Congress, which will be broadcast on national television. It is a scandal that the president admits that he promoted a multi-million dollar scam and then says that he was not aware of it,” del Caño said on his social networks.
Argentines lose millions
A scandal has arisen in the southern country, after the president of Argentina Javier Milei, promoted this Friday, February 14, through his social network X a “cryptocurrency” called $Libra, which made thousands of people invest their money in the digital asset to move millions of dollars and then collapsed.
As soon as the president made the post, many speculated that he had been the victim of a hack. Even his supporters raised alarm bells and speculated that what he was advertising was a scam. Under the public ethics law, the president has the responsibility to inform and be transparent in his actions, especially those of an economic and financial nature.
However, liberal economist Carlos Maslatón claimed that there was no hacking and accused Milei of fraud.
