More than a week has passed since the day a series of revelations began to emerge that leave President Javier Milei and his entourage complicated due to their participation in the $Libra case, but without judicial news. Although the complainants believe that there are plenty of elements for the trader Mauricio Novelli to be called for investigation, among other participants in the apparent scam, at the close of this edition, prosecutor Eduardo Taiano had not made any progress in summoning defendants, witnesses or new raids.
Last Friday the plaintiffs and defenders accessed more than 40 gigabytes of information extracted from the devices of cryptobro Mauricio Novelli, the president’s partner in $Libra, and the former agent of the National Securities Commission (CNV), Sergio Morales.
One of the first elements that emerged from there, and that published Time That same Friday, was the list with the frantic calls that Novelli had with Milei, his sister Karina, the advisor Santiago Caputo and the then advisor Demián Reidel that February 14, when the president published the tweet with the contract to buy $Libra that started the scandal.
To this information, which made it possible to see how communications intensified when the value of the token plummeted, was added a document revealed by the El Destape portal and which would report an agreement of 5 million dollars in exchange for the presidential participation in the token. Also a series of data that allows us to measure the level of access that Novelli had to the presidential sphere and how his business ideas orbited around the Executive Branch.
During the week, the complainants said repeatedly that in this analysis there are plenty of elements for the case to advance. “Are they going to continue without calling them for investigation?” asked the lawyers working on the complaint led by national deputy Juan Grabois.
The concern regarding the subpoenas along with other possible measures that could be taken based on the study was conveyed by this newspaper to judicial sources, who limited themselves to pointing out that there will be measures but later, without further details.
Although there is pressure for Milei himself to be called into question, it seems unlikely that this will happen at least in the first instance. Most likely, Novelli and Morales will be among the first to be called up. The same with the trader Manuel Terrones Godoy, co-organizer of the Tech Forum event about which there are suspicions of million-dollar payments from businessmen in exchange for meetings with the president.
Strictly speaking, the complaints have not yet formulated requirements because they continue with the analysis of the information provided by the expertise.
Although prosecutor Taiano has not yet made progress in calling for investigations, what he did do was publish a statement on the Prosecutors website to reject the accusations that indicate that he hid for a time the result of the study carried out on Novelli and Morales’ cell phone. That statement was in an institutional tone, quite different from another that came from the Prosecutor’s Office, in which the official denounced a “political operation of attrition.”
“If I kidnap the phones and if I ordered the analysis of the electronic devices, how can you think that I hid evidence? (…) Everything that has been said makes no sense and responds to a political operation of attrition. (…) The news was prioritized over the investigation and documents have been published that should only be protected within the framework of this case,” the document says.
The case began with the tweet that Milei published on February 14, 2025 at 7:01 p.m., with the contract to buy $Libra. With that presidential impulse, the price of the asset rose to values close to US$5, but within a few minutes its value fell to pennies, leaving a trail of victims.
One of the conclusions of the recent expertise is that Novelli, owner of the NW academy where the president taught at least since 2020, had a central role in the episode, because he was basically the defendant who maintained direct contact with the power leadership in the Casa Rosada.
In addition to the pending investigations, the judge in the case, Marcelo Martínez de Giorgi, has yet to redefine the seizure amounts for the accused, something that becomes relevant given the recent revelations.
In mid-January, the Federal Chamber of Buenos Aires validated the decision that the magistrate had taken at the end of November 2025 to reduce the restriction on the assets of the accused from the prohibition of innovation (NdR: which prevents the free disposal of assets) to an embargo limited to $36.8 million for the majority of the accused. Since that amount was considered insufficient, one of the complaints appealed.
When resolving, the chamber members validated the change of measure, but asked that before the prohibition on innovation is lifted, it establishes a “prudent patrimonial guarantee” in accordance with the reality of the investigation. That is another pending point in a highly sensitive cause for the Casa Rosada.
