An Argentinian judge dismissed a fraud investigation involving President Javier Milei and his sister regarding a failed cryptocurrency project.
An Argentinian federal judge officially closed a criminal investigation this week. The case involved President Javier Milei and his sister, Karina Milei.
Also, the investigation focused on a specific cryptocurrency project. President Milei previously promoted the $Libra token on his social media accounts.
Next, the digital currency experienced a sudden and sharp collapse. The token value crashed quickly after it saw a brief period of growth.
Furthermore, authorities began looking into the situation to determine if fraud occurred. The court needed to decide if the president played a role.
After that, Judge Marcelo Martinez de Giorgi reviewed the evidence in the case. He officially released his final decision on Friday.
Meanwhile, court records confirm the judge chose to dismiss the inquiry entirely. The investigation into the president and his sister is now over.
Still, the collapse of the $Libra token caused many people to lose money. This event sparked public concern regarding crypto endorsements by famous leaders.
However, the legal system found no grounds to continue the criminal probe. The judge determined the case should not move forward in court.
Finally, the president and his sister no longer face these specific legal accusations. The government can now move past this financial scandal.
Therefore, the matter is officially settled within the Argentinian federal court system. No further legal actions regarding this scandal will take place.