Source time Edition date
PolicyThe Block
Argentine judge clears Milei and 10 others in LIBRA case, finding no ‘criminally relevant deception’
阿根廷法官在LIBRA案中裁定米莱及另外10人无罪，认定不存在“具有刑事相关性的欺骗”
A 60-page ruling that clears Javier Milei over his LIBRA token post sets a high bar for proving promoter fraud, leaving investors who lost money to weigh civil action instead.
Judgment
The judge’s ruling changes the calculation for LIBRA investors: criminal fraud against Milei and 10 others is foreclosed, so they must decide whether to fund civil claims and meet a higher proof burden, rather than wait for prosecutors.
Basis
An Argentine judge, in a 60-page ruling, cleared President Javier Milei and 10 others in the LIBRA case, finding no “criminally relevant deception.” The ruling concluded Milei’s post promoting LIBRA did not, by itself, establish fraud. The mechanism matters: the criminal case turned on whether a promoter’s statement alone proves fraud, and the court said it does not. For investors, the immediate path is no longer a criminal complaint against Milei and co-defendants; any recovery would have to come through civil action, where they bear the cost and must prove their claims.
Unclear The source does not say whether prosecutors will appeal, whether any civil suits have been filed, or what evidence the judge weighed beyond Milei’s post.
Next Watch for the Argentine prosecutor’s office to announce an appeal or for plaintiffs’ lawyers to file a civil complaint in the LIBRA matter.