Argentine President Javier Miley and his sister Karina were unable to attend a scheduled session related to the Libra meme coin scandal.
Interestingly, no legal representatives appeared on their behalf. The virtual hearing was a preliminary step before a potential civil lawsuit over a multi-million dollar crypto scheme.
According to a report in the Argentine newspaper Página/12, the digital conference, which collaborated with the official mediator, was attended only by one lawyer representing the defendant Manuel Terongodoi. Godoy reportedly had prior involvement in similar financial injustice.
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Federal judge escalates Libra investigation
Federal judge Maria Serbini has stepped up the investigation by formalizing the central bank to provide access to the president’s financial records. The judicial order, which extends to Karina Miley, executive director of the presidency, seeks bank information dating back to 2023.
The investigation follows allegations that Mileis has ties to the promoter of Libra (Libra) Cryptocurrency. Libra collapsed shortly after the president supported it on social media. Court documents show that the fraud may have affected around 25 victims both in Argentina and internationally, with the loss estimated at $4.5 million.
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Servini is already moving to freeze assets belonging to several businessmen involved in creating and promoting digital currency.
Among the targets is Mauricionoveli, the founder of the Technology Forum Argentina, which is reportedly linked Mylay to American developer Hayden Davis. Sergio Morales, a former advisor to the National Securities Commission. Social media personality Manuel Terron Godoy.
Legal measures against Novelli have been extended to families, including their mother, María Alicia Rafaele and sister, María Pía Novelli.
Security footage from the Bank of Galicia branch shows a woman coming in on February 17th in an empty bag and leaving in a visibly complete container. This was one day after President Miley’s approval of cryptocurrency.
“At 11:03:08, the woman was observed leaving the branch as her handbag and backpack appear to be significantly more filled than when she arrived,” the Federal Police Report for the Money Laundering Division said.
The controversy began on February 14th, when President Miley promoted the launch of Libra on social platforms. The value of cryptocurrency was temporarily highly valued, but it quickly plunged into the market. Milei has since published a statement claiming he is unaware of the details of the transaction.
read more: When Stablecoin’s market capitalization reaches $24.3 billion, Tether tightens its grip
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