There has been a new development on the LIBRA front, the international cryptocurrency scam in which Argentine President Javier Milei is also involved. At this point, a class action lawsuit was filed against Meteora co-founder Benjamin Chow, who was also mentioned in the LIBRA scandal. In the class action lawsuit, Benjamin Chow was accused of orchestrating and leading at least 15 memecoin-related scams, including the MELANIA and LIBRA tokens. The lawsuit alleges that Chow coordinated at least 15 pump-and-dump token transactions with Kelsier Ventures and the Davis family. Melania Trump and Javier Milei are not to blame! In the US class action lawsuit, plaintiffs allege that the entire fraudulent scheme and actions were perpetrated by Benjamin Chow and Kelsier Ventures (Hayden, Charles, and Gideon Davis) and used as a promotional tool for Melania Trump and Argentine President Javier Milei. “These faces and brands were, in fact, used as pretexts to legitimize a coordinated liquidity trap,” the complaint said, referring to US First Lady Melania Trump and Argentine President Javier Milei. The investors who joined as plaintiffs argued that these public figures should not be held liable because they were merely window dressing for the scheme allegedly orchestrated by Meteora and Kelsier Ventures, led by Hayden Davis. “The plaintiffs do not allege that these public figures were guilty; they were merely window dressing for a crime orchestrated by Meteora and Kelsier.” What Happened? As you may recall, the First Lady unveiled her own Solana-based memecoin, MELANIA, in January. This launch came just two days after her husband, President Trump, launched his official token, TRUMP. MELANIA rose rapidly, but then lost approximately 99% of its value in the following months. Similarly, Argentine President Javier Milei initially promoted LIBRA through his personal X account. Its price rose rapidly thereafter. However, the token's price plummeted 90% within hours, and Milei subsequently deleted his post. This incident led Milei to face fraud charges related to the LIBRA promotion, while a separate investigation by the country's anti-corruption office concluded that Milei had not violated public ethics laws. *This is not investment advice. Continue Reading: A New Development Has Been Made in the Scam Including LIBRA and MELANIA Memecoins! "They Were Not Guilty!"
