Argentinian judge drops fraud investigation into Milei over crypto scandal

Read the original at Al Jazeera ↗
Cite

Al Jazeera Staff. (2026, October 24). Argentinian judge drops fraud investigation into Milei over crypto scandal. Al Jazeera. https://www.aljazeera.com/news/2026/10/24/argentinian-judge-drops-fraud-investigation-into-milei-over-crypto-scandal?traffic_source=rss

Dated from the outlet's own feed. Check the original for its byline.

Al Jazeera · collected 2026-10-24 · by Al Jazeera Staff

Quick Summary

An Argentinian federal judge dismissed a fraud investigation into President Javier Milei and his sister Karina over their involvement with the cryptocurrency $Libra, which collapsed after its launch in February 2025. Judge Marcelo Martinez de Giorgi ruled that there was insufficient evidence to establish criminal wrongdoing, citing lack of proof for fraud despite investor losses from the token's price fluctuation. The decision follows Milei’s claim that he posted about the coin “in good faith” and later denied any connection when it failed.
Written locally by qwen2.5:14b on 2026-10-24, using this article's own text rather than the other coverage of the same event (that is the story summary below).

AI analysis runs on qwen2.5:14b, locally

Story summary

As of October 23, 2026, Argentine federal judge Marcelo Martinez de Giorgi dropped a criminal investigation into President Javier Milei and his sister Karina Milei over their involvement in a cryptocurrency scandal involving the $LIBRA token. The probe, initiated in February 2025 after Milei promoted the crypto coin on X (formerly Twitter), was dismissed when prosecutor Eduardo Taiano requested its dismissal due to insufficient evidence of fraud. Judge Martinez de Giorgi ruled that investor losses and price fluctuations were not enough to establish criminal wrongdoing. At the time of the currency's crash, Milei had denied any connection to $LIBRA and claimed he acted "in good faith."

Written for “Argentina Drops Milei Probe Over Crypto Scandal” on 2026-10-24, grounded in this article and the 1 other(s) covering the same event.
Why this leaning score
The article's own words the score was based on. Each is quoted verbatim and was checked against the article text before being stored, so you can find it in the original.
Reading Leans right (beta estimate) Confidence high
Leaning: leans right for article 103339 (high confidence, 2 verified quotes) · logged 2026-10-24

Story

📰 Argentina Drops Milei Probe Over Crypto Scandal
Politics · 2 article(s) covering the same event. See how they differ ↓

Compared with similar articles

This article reads leans right and hedges 9% of its claims. Each row says how that neighbour differs.
The Straits Times
⚖️ leaning not scored 🔴 25% hedged 2 of 8 📰 publisher trust 68
“Both articles report on the same specific occurrence: a federal judge in Argentina dropping an investigation into President Milei and his sister over a cryptocurrency scandal, with identical dates and details.”
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
22
sentences that state something as happening or true
Uncertain
9%
2 of 22 hedged ("reportedly", "may", "according to")
Leaning
Leans right
of the writing, not the subject · beta estimate
Publisher signals
60/100
Al Jazeera's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
2
Politics
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-10-24 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

Al Jazeera · 3848 article(s) · 2 correction(s) detected
Running correction rate · 2 correction(s)

Who wrote this

Al Jazeera Staff
676 article(s) here · 1 carrying a prediction
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Wire or desk byline, not an individual reporter.
Also by Al Jazeera Staff
Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 676 articles by Al Jazeera Staff →

Topics

3Argentina 3Argentine Argentine Argentinian Brazil

Subjects

Milei PERSON · 11× Trump PERSON · 4× Argentinian NORP · 2× Javier Milei PERSON · 2× 3Argentina GPE · 1× 3Argentine NORP · 1× Brazil GPE · 1× Karina Milei PERSON · 1× Lula PERSON · 1× Marcelo Martinez de Giorgi PERSON · 1×

Narrative

Recommended Stories list of 3 items- list 1 of 3Argentina’s Milei threatens legal action over Falklands oil project - list 2 of 3Will Brazil’s Lula halt the right-wing wave sweeping Latin America? - list 3 of 3Argentine students protest on campus over Milei’s austerity
framing: assertive · carried by 1 article(s) · first seen 2026-10-24
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Claims (22 extracted, 2 hedged)

An Argentinian federal judge has dropped a criminal investigation into President Javier Milei and his sister Karina Milei over the collapse of a cryptocurrency he promoted online. asserted
he → drop → cryptocurrency
Judge Marcelo Martinez de Giorgi issued the decision on Friday, according to court records, ending an inquiry into Milei’s role in the launch of the $Libra token, which crashed after a brief rally. uncertain
which → issue → rally
Recommended Stories list of 3 items- list 1 of 3Argentina’s Milei threatens legal action over Falklands oil project - list 2 of 3Will Brazil’s Lula halt the right-wing wave sweeping Latin America? - list 3 of 3Argentine students protest on campus over Milei’s austerity asserted
students → threaten → austerity
“The reported events do not constitute a criminal offence,” the judge said in a ruling. asserted
judge → report → ruling
He also wrote that investor losses and the rise and fall in the currency’s price were insufficient to establish fraud. asserted
losses → write → fraud
In his ruling, Martinez de Giorgi said that Milei’s institutional standing could have given the launch “greater impact” when he posted about it, but that does not translate into a fraudulent scheme. uncertain
that → say → scheme
Javier Milei recommended the little-known meme coin in a post on X in February 2025. asserted
Milei → recommend → February
He later deleted the post and denied any link to the cryptocurrency, whose value soon plunged. asserted
value → delete → cryptocurrency
The judge also dismissed an investigation into US businessman Hayden Davis, who described himself as a “launch adviser” for the token. asserted
who → dismiss → token
Davis has acknowledged that he held close to $100m after the crash and denies any wrongdoing. asserted
he → acknowledge → wrongdoing
“For the first time in history, a President of the Nation was investigated with complete freedom, resulting in absolute proof of his innocence,” read a post shared on X by the official presidential office. asserted
post → investigate → office
“The question that remains is this: Who will take responsibility for having wasted Argentine taxpayers’ money and the President of the Nation’s time in a failed attempt at an institutional coup?” asserted
Who → remain → coup
Trump firmly backed him a year ago and has called him his “favourite president”. asserted
Trump → back → him
Trump made clear the support hinged on a victory for Milei’s party. asserted
hinged → make → party
“I’m with this man because his philosophy is correct,” he said ahead of a White House lunch with the Argentinian leader last year. asserted
he → ’m → leader
“If he wins, we’re staying with him. asserted
we → win → him
And if he doesn’t win, we’re gone.” asserted
we → win → ?
Earlier this month, Milei urged Trump to emerge stronger from the US midterm elections, saying the vote mattered for the West as a whole. asserted
vote → urge → whole
Austerity at home Since taking office in 2023, Milei has laid off thousands of state employees, shut ministries, cut subsidies and reduced government-funded programmes. asserted
Milei → take → programmes
The measures were meant to fight high inflation, which has fallen to about 2 percent a month. asserted
which → mean → percent
Milei says his plan is working, claiming that Argentina has grown for 27 consecutive months and is expanding at four times its historical rate. asserted
Argentina → say → rate
When the coin crashed, Milei said he had acted “in good faith” and accused his political rivals of trying to exploit the situation. asserted
he → crash → situation
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