#Libragate Milei Crypto Scam: First indicted appears before Argentine justice

Sergio Morales is linked to other individuals involved in the case, such as Mauricio Novelli and Manuel Terrones Godoy, organizers of the Tech Forum 2024 event. Both allegedly received bribes in exchange for meetings with the president

Sergio Morales, former advisor to the National Securities Commission (CNV) and indicted in the case for the $LIBRA crypto scam, voluntarily appeared before the judiciary. His residence was raided last week, and he has now made himself available to prosecutor Eduardo Taiano in Comodoro Py.

The investigation seeks to clarify the events surrounding the creation and launch of the $LIBRA token, which experienced a rapid rise and volatile fluctuations in its value. Hundreds of Argentines went bankrupt following the promotions by President Javier Milei and his team.

Sergio Morales is linked to other individuals involved in the case, such as Mauricio Novelli and Manuel Terrones Godoy, organizers of the Tech Forum 2024 event. Both allegedly received bribes in exchange for meetings with the president. Additionally, Morales shares with them the company City Entertainment.

The case investigates possible crimes of abuse of authority, fraud, influence peddling, and bribery. The main focus is on President Milei for his promotion of the $LIBRA token.