Argentine Justice finds a 5 million contract for Javier Milei to promote the “scam” of the $LIBRA cryptocurrency

The document was in bloc businessman’s phone notes Mauricio Novelli, pointed out in the investigation as one of the
intermediaries between the promoters of the cryptocurrency, including the American businessman Hayden Davis, who provided the necessary technological infrastructure for $LIBRA, and the environment of the president, among them, his sister Karina Milei, reports the Argentine press.

The text contemplates three paymentsone of them a preview of 1.5 million another for the same amount for the promotion of the $LIBRA on social networks and a final payment of two million dollars linked to the signing of a subsequent contract “in person with Milei for blockchain/AI advice for the Argentine government and/or Javier Milei and review with Javier and Karina.”

Calls from Milei and a million-dollar contract

The document was written between October and November 2024before Davis traveled to Argentina. days later, On January 30, 2025, Javier Milei met with businessman Hayden Davis at the Casa Rosadasomething that he himself promoted on his social networks with a selfie of both of them explaining that he was advising him on cryptocurrencies.

Said text, written in English, was retouched days later, andl February 11, 2025 at 8:05 p.m., three days before Javier Milei published a message on the social network X promoting the cryptocurrency coinciding with its launch. The publication of that message alone had a price of 1.5 million dollars, according to the contract.

This publication by Milei caused an immediate rise in the price of the digital asset and, shortly after, an abrupt collapse that left millions in losses for many investors, which triggered speculation that led to a criminal complaint, since a few with access to privileged information won millions and thousands of people lost everything invested.

Javier Milei, after promoting on his social networks a “private venture” based on the $LIBRA cryptocurrency, which had no real economic backing and was designed to capitalize on the enthusiasm on social networks, deleted the publication and claimed to have no relationship with the project or know its details.

The latest information tightens the circle on Milei, since Novelli also had a central role during the night the scandal broke out, on February 14, 2025. He was then at the Ritz-Carlton Las Colinas hotel in Dallas, inside a room rented by Hayden Davis for the launch of the project.

That weekend his phone recorded almost 200 callsincluding communications with Karina Milei, main advisor and sister of the Argentine president, and with Javier Milei himself.

He spoke with Javier Milei immediately after the publication of the message promoting the cryptocurrency, at 7:01 p.m., and with
presidential advisor Santiago Caputo, in charge of managing the crisis, maintained 13 calls during Saturday and Sunday.

A 4 billion scam

Shortly after, several political leaders presented the first criminal complaint against Javier Milei by “illicit association”, “scams” and “failure to fulfill the duties of a public official” due to the dissemination to $POUND, one cryptocurrency with possible fraudulent links. The complaints against the Argentine president for this reason exceed 100.

In this judicial document Milei was accused of being a participant in a alleged “mega scam” that affected more than 40,000 people with losses exceeding $4 billion.

The complaint points out to the head of state as “a necessary and fundamental participant in an association that had as its axis carry out a historic scam through cryptocurrencies“and involves figures close to his circle: two militants and the president of the Chamber of Deputies, Martín Menem.

Additionally, the businessman and CEO of Kip Protocol is included, Julián Peh, who developed cryptoand the representative of Kelsier Ventures, Hayden Davis, as well as other possible responsible parties that could arise during the investigation.

During the time the message was visible, demand for cryptocurrency skyrocketedits value inflated, moved millions of dollars and then collapsed.

A financial report from the American firm Kobbeissi Letter revealed that, after the jump, the initial investors of the “venture” began to withdraw the money obtaining about 87.4 million dollars and “in five hours more than 4.4 billion market capitalization was erased.”