An alleged draft for a $5 million economic agreement to secure the support of Argentine President Javier Milei for the people behind Libra has been recovered from a seized phone. The document indicates that an undetermined party would receive this money in three tranches.
$5 Million Pact Draft Found In Libra Case Investigation
The case regarding Libra, the token project that affected tens of thousands of investors who lost millions after its launch, has reached a definitive phase in Argentina.
A note detailing an alleged economic agreement in exchange for President Javier Milei’s support was found after an expert reviewed Mauricio Novelli’s phone. Novelli is one of the crypto entrepreneurs linked to President Javier Milei and the launch of Libra.
The draft, revealed by Clarin, indicates that this would be the “final agreement” as discussed with “H,” presumably referring to Hayden Davis, CEO of Kelsier Ventures, who was also behind the Libra token.
The document details a $5 million payment to be disbursed in three tranches to an undetermined third party. $1.5 million would be paid upfront, while $2.5 million would be paid after Milei announced Davis as an advisor on Twitter.
The final $2 million payment would be executed after the signature of a contract for AI/ Blockchain advisory services with the Argentine government.
Before, Clarin had also disclosed the contents of this contract, where Davis would provide “consulting services in blockchain and artificial intelligence to facilitate the understanding, analysis, implementation, and impact of innovative technological solutions, contributing to taking advantage of the opportunities offered by the digital economy in Argentina.”
Another note found on Novelli’s phone points to a recommendation made to Milei after Libra collapsed, and he had to delete the post sharing the project’s token contract.
The note declared:
“This is what I want for the tweet. This is the only thing that saves him, me, and us.
I want to clarify that I fully support the vision of the Libra currency. I met personally with everyone involved and expressed my support for their objectives. While I have no financial interest in the project, I trust the people backing it.”
Maximiliano Ferraro, former president of the Argentine Congressional Commission in charge of the Libra probe, has announced a press conference next Monday, where he will disclose “the institutional steps we consider necessary in the legislative and judicial spheres.”
FAQ 🔎
- What is the current status of the Libra token case in Argentina?
The Libra case has entered a definitive phase following the discovery of a note detailing an economic agreement involving President Javier Milei.
- What does the alleged economic agreement entail?
The agreement suggests a $5 million payment in exchange for Milei’s support, including an upfront payment and further disbursements upon specific actions.
- What consulting services is Hayden Davis expected to provide?
Davis is slated to offer blockchain and AI consulting to assist the Argentine government in implementing innovative technological solutions.
- What was found on Mauricio Novelli’s phone related to the Libra project?
Messages indicate Milei received recommendations to support Libra post-collapse, emphasizing his acknowledgment of no financial interest in the project.
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