• Milei Crypto Fraud Probe: Argentine President Under Investigation

  • Feb 25 2025
  • Length: 13 mins
  • Podcast

Milei Crypto Fraud Probe: Argentine President Under Investigation

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  • Summary

  • Reports that Argentine President Javier Milei is under investigation for fraud related to his promotion of a cryptocurrency, $LIBRA, on social media. Lawyers filed complaints after the cryptocurrency's value plummeted shortly after its launch, causing significant losses for investors. Milei denies any wrongdoing, claiming he initially supported the project in good faith but withdrew his endorsement upon learning more. The president's office has stated he wasn't involved in the cryptocurrency's development and removed his post to avoid further speculation. Judge María Servini has been assigned to investigate the allegations, while the country’s Anti-Corruption Office will also look into the matter.

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