Presented in the United States the first collective lawsuit for $ LIBRA, the crypt promoted by Milei

The $ Libra scandal, the promoted cryptocurrency a month ago by Javier Milei that turned out to be a scam, has finally reached the courts of the United States. The Burwick Law study registered in New York a collective lawsuit against the international responsible for the operation, but left the Argentine President on the list of defendants; to his sister, Karina Milei, and the rest of the Argentines who were behind $ Libra. Milei appears in several passages of the brief, but as the intention of the plaintiffs is to obtain economic compensation in the United States by civil via, they preferred to avoid a litigation with the Argentine State that could take years.

The country

The accused by those represented by Burwick Law, about 200 savers, are the Davis family, head of the firm Kelsier Ventures; Julian Peh, CEO of Kip Protocol; Benjamin Chow and Meteora. Investors are considered victims of a scam. «We claim that Kelsier, Kip, Meteora and related parts orchestrated an unfair launch of the Token ($ Libra), allegedly cheating on buyers and harming retail investors,» the lawyers explained. The defendants promoted cryptocurrency as «a significant economic initiative designed to stimulate economic growth in Argentina through the financing of small businesses, startups and educational projects,» says the judicial presentation. In the investor seduction plan, says the letter, Milei had a fundamental role: «These promotional efforts took advantage of the high profile support of the president of Argentina, Javier Milei, creating the appearance of legitimacy and a significant investment value for the Token.»

On February 14, Milei promoted $ Libra in its networks, a crypt that went from having a value close to zero to more than five dollars in a few hours. When the creators of the crypto withdrew in a coordinated manner, the price of the Token collapsed, leaving a layout of victims and millionaire losses. Milei deleted five hours later his post with the argument that he was not «internalized» from the maneuver and later blamed investors to bet on a market that is like «a casino.» $ Libra marked a turning point in the ultra -right government, which since then lost control of the public agenda and is on the defensive. The opposition advances in the formation of a investigative commission in Congress and demands in the Argentine courts against the president and his environment.

The fence closes on Milei and her sister, Karina, who in the weeks prior to the launch of the cryptocurrency received Hyden Mark Davis in the Casa Rosada, an unknown 28 -year -old cryptocurrency operator responsible for the launch. The Argentine president also met with Peh, another of those responsible for $ LIBRA. The Argentine Justice also advances on Marcos Novelli and Manuel Terrones Godoy, organizers of Tech Forum, an event held last October in Buenos Aires that served as a meeting point between the defendants and Milei.

According to the demand of Burwick Law, the defendants «artificially inflated the initial price of the token $ Libra, creating an illusion of stability and market value that did not really exist.» The team, says the writing, «strategically retained approximately 85% of the total offer of the Token in its launch, directly maintaining the exclusive control over the assessment and liquidity of the Token.» «As a result, retail buyers were deceived and subsequently suffered significant financial damage, which turned the launch of Token $ Libra into a fundamentally unfair, misleading and fraudulent act,» said the lawyers.