Authored by Stephen Katte via CoinTelegraph.com,
Argentine lawyers have reportedly filed charges against Argentina’s president, Javier Milei, in a criminal court for promoting a cryptocurrency that briefly pumped and then tanked over the weekend.
The Libertad project’s native Solana token, Libra (LIBRA), rallied to a market capitalization of $4.56 billion on Feb. 14, after Milei posted about the token on X. It then fell over 94% after he deleted the post, prompting accusations of a pump and dump scheme.
Lawyers Marcos Zelaya and Jonatan Baldiviezo, along with engineer María Eva Koutsovitis and economist Claudio Lozano, have filed a criminal complaint that alleges Milei was complicit in fraud by promoting Libra, according to a Feb. 17 Associated Press report.
Source: Kobeissi Letter
Baldiviezo also accused Milei of violating the Public Ethics Law, which is Argentina’s framework for public officials, requiring them to declare asset holdings and conflicts of interest.
“Within this illicit association, the crime of fraud was committed, in which the president’s actions were essential,” Baldiviezo said.
A judge will be assigned to the case, or it will be referred…
Read the full article here