Particle.news

Download on the App Store

U.S. Investors Add Javier and Karina Milei to Expanded $LIBRA RICO Case

Plaintiffs allege the Mileis orchestrated a deceptive government endorsement through secret lobbying; they ask Judge Rochon to extend freezes on Davis’s crypto assets ahead of the August 19 hearing.

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.