Argentine President Javier Milei Faces Financial Probe in LIBRA Crypto Scam

Federal Judge María Servini has ordered banks to reveal the financial records of President Javier Milei and his sister, Karina Milei, as part of an investigation into an alleged cryptocurrency scam involving the meme coin LIBRA.

The case centers around claims that the LIBRA token, promoted online earlier this year, was a pump-and-dump scam that caused investors to lose millions. The judge’s request, made in secret, asks for banking transactions from 2023 and may involve freezing assets of three other suspects: businessman Mauricio Novelli, former regulator Sergio Morales, and YouTuber Manuel Terrones Godoy.

According to local newspaper Página 12, neither Milei nor his sister attended a court-ordered mediation session with victims last Thursday. The session was set up for 25 people who say they lost a total of $4.5 million. Legal experts say skipping the session could lead to more legal trouble for the Mileis. Only a lawyer for Terrones Godoy attended the meeting.

Surveillance footage cited in the investigation shows Novelli’s mother and sister entering a Buenos Aires bank with empty bags and leaving with full ones. This visit happened just before a police raid found emptied safety deposit boxes believed to be linked to the scam. A federal police report said the bags appeared “visibly bulkier” on the way out.

Prosecutor Eduardo Taiano is leading the investigation. He is focusing on online activity after President Milei posted a tweet about the LIBRA token on February 14. The coin, created on the Pump.fun platform, quickly rose in value before crashing, causing investors to accuse promoters of fraud.

Lawyer Nicolás Oszust, representing the victims, called the mediation meeting an important step toward justice. Judge Servini’s order is the first time Milei’s personal finances have been investigated since he became president in 2023.