Javier Milei

Javier Milei, the President of Argentina since 2023, has been involved in multiple controversies and investigations related to financial misconduct and allegations of fraud, particularly concerning the cryptocurrency scheme "$LIBRA." As of May 2026, there are ongoing legal proceedings and investigations into his role in promoting and allegedly facilitating a crypto scam that resulted in significant investor losses. A congressional report from November 2025 concluded that Milei committed “alleged fraud” after promoting the "$LIBRA" token, which collapsed within hours, wiping out millions of dollars for investors. The report also attributed political responsibility to Milei and his sister, Karina Milei, for their involvement (Buenos Aires Times). Further, a judicial investigation is examining Milei's assets and financial dealings related to the case. Federal prosecutor Eduardo Taiano has been gathering information on Milei, his sister, and associated businessmen, with efforts to trace the flow of assets and cryptocurrency transactions linked to the "$LIBRA" launch. The investigation has involved tracing wallet movements and analyzing phone records that suggest Milei had direct contact with key figures involved in the crypto scheme, contradicting his earlier claims of ignorance (Buenos Aires Times; Buenos Aires Herald). Milei has publicly denied involvement in the "$LIBRA" project, stating he merely shared information about it and was not endorsing the scheme. However, evidence from forensic analysis of communications and blockchain transactions suggests a close connection between Milei, his associates, and the launch of "$LIBRA," with allegations of a “rug pull” scam where developers withdrew between US$80 million and US$100 million shortly after the token's launch. As of 2026, no convictions or formal charges have been publicly announced against Milei, but investigations are ongoing, and he faces multiple legal and political challenges related to this controversy (Buenos Aires Herald).