Overview
- The expanded RICO complaint accuses the Milei siblings of orchestrating a secret lobbying campaign to lend $LIBRA false government legitimacy through President Javier Milei’s February 14 social-media post.
- On July 29, attorneys Max Burwick and Margaret Hoppin filed a 25-page motion urging Judge Jennifer Rochon to prolong the temporary freeze on roughly $57 million in Hayden Davis’s crypto wallets until the case concludes.
- Court filings allege that Kelsier Ventures and Meteora collaborated to engineer $LIBRA’s rapid launch and collapse, extracting millions from retail investors under false pretenses.
- According to filings, tens of thousands of investors lost more than $280 million in the coordinated fraud while Davis refunded just $5 million to one buyer and refused to relinquish control of the remaining assets.
- A critical hearing on August 19 will determine whether the court maintains the asset freezes and how discovery and next steps in the class action proceed.