An Argentine federal judge dismissed the criminal investigation into President Milei on October 23, letting 11 people—including his sister, Karina Milei—off the hook.
Judge Martínez de Giorgi said there was insufficient evidence to establish fraud or abuse of power.
The story goes back to February last year. Milei promoted a token called $LIBRA on social media. Its price soared, then quickly plunged to zero, prompting a federal court investigation.
That same year, a class-action lawsuit in New York was also dismissed. The ruling put it plainly: the token’s speculative nature was identifiable, and promoting it did not amount to a scam.
Two courts, two legal systems, and the same conclusion.
The implications are significant. In the future, it may be difficult to legally establish fraud when celebrities promote tokens, as long as they don’t promise returns or make false statements. Investors who suffer losses will have to prove for themselves, “I was misled”—a high bar.
Milei is now seeking compensation in return, claiming he was defamed for “one year, eight months, and nine days.” #阿根廷法院驳回米莱libra案 $PEOPLE $TRUMP
Judge Martínez de Giorgi said there was insufficient evidence to establish fraud or abuse of power.
The story goes back to February last year. Milei promoted a token called $LIBRA on social media. Its price soared, then quickly plunged to zero, prompting a federal court investigation.
That same year, a class-action lawsuit in New York was also dismissed. The ruling put it plainly: the token’s speculative nature was identifiable, and promoting it did not amount to a scam.
Two courts, two legal systems, and the same conclusion.
The implications are significant. In the future, it may be difficult to legally establish fraud when celebrities promote tokens, as long as they don’t promise returns or make false statements. Investors who suffer losses will have to prove for themselves, “I was misled”—a high bar.
Milei is now seeking compensation in return, claiming he was defamed for “one year, eight months, and nine days.” #阿根廷法院驳回米莱libra案 $PEOPLE $TRUMP
