he Trust “Libra box“, created by Hayden Davis And in connection with the $LIBRA token scandal, it was established as a publicly unidentified offshore jurisdiction, with complete opacity of records, operations and bank accounts. Due to this lack of information, doubts arise Opacity, legal risks and potential violationsand uncertainty about beneficiaries and procedures while seeking to determine how to direct available funds.
Simultaneously with the launch, there was Before a hearing in New Yorkwith the stated goal of channeling token resources to Argentine SMEs through subsidies, although without full transparency about their final destination or consistent official oversight. However, selection procedures, officials or tracking mechanisms are not detailed, leaving open the possibility of irregularities in the distribution of funds.
Thus came the scandal involving Davis and… President Javier Mileyactive since February of this year, is now adding new questions. “Trust” was launched five days after Federal Judge Jennifer L. Rochon will lift the hold On the funds obtained by the plaintiffs in the class action, it was only when it was determined whether to impose restrictions on the resources contained in the virtual wallets.
Authoritarians don’t like this
The practice of professional and critical journalism is an essential pillar of democracy. This is why it bothers those who believe they are the bearers of the truth.
On the same day, Computer expert Fernando Molina He stated that Davis’ decision to create the fund was initiated Forming on August 19thwhen his team registered the “Trust” web domain. Although the page has since been ready,… The official formalization and launch took place only last TuesdayMinutes before Judge Rochon began the main hearing on the traceability of the money.
Next up for the hearing Mazen Ahmed SabitiDavis’ attorney reported that the fund was set up abroad, outside U.S. or Argentine jurisdictions. From this official portal It was necessary for “Leftist politicians“, without revealing the chosen country, while ensuring maximum confidentiality, legal protection and tax benefits.
Although Davis’s defense asserts that the trust demonstrates the legitimacy of the project and ensures that funds reach Argentine SMEs as announced at the launch of $LIBRA, they state that “Everything was done with serious, trusted professionals.”‘, although they did not provide details about the beneficiaries or oversight mechanisms.
$Libra case: Argentine justice releases assets of main defendants and sets minimum ban
On the other hand, critics and complainants believe that trust exists A maneuver to avoid judicial oversight. “Libra Trust does not appear to be a real project to help entrepreneurs. It arises in the middle of the judicial process, when the funds could be subject to the control of justice.” National Representative Oscar Agust CarreñoMember of the Congressional Legislative Committee. “It’s not the end of the LIBRA$ case: it’s an issue Try to avoid the consequences He added that it was possible that fraud occurred in the middle of the investigation.
What role did Javier Miley play, according to the final report of the investigation committee?
Final report of House of Representatives Investigation Committee In the LIBRA$ case, it was concluded that Argentine President Javier Miley had “Basic cooperation“In the alleged cryptocurrency scam. Through the document, he publicly promoted the token using his presidential position, without controls or prior warnings from state agencies, or was ignored or not responded to in a timely manner.
It has been documented 16 Meeting with the organizersincluding Hayden Davis, many of whom were provided by Karina Mileyand Posting a non-public contract on social media networksWhich reinforces the direct links that were affected by the “pulling the rug” process 114,410 digital wallets. Therefore, the Commission believes that these events represent a serious, systematic institutional obstruction, in light of the failure of the executive authority, the Anti-Corruption Office, and the Financial Information Unit to act with the expected seriousness.
Despite this, the ruling party described the document as… “Rave” is illegalwithout offering counter-evidence, though 14 meetings and 2000 pages That supports the research. For their part, opponents sent the report to the Argentine judiciary, which is already investigating the facts under the RICO law in the United States.
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