Economy Politics Local 2026-03-19T04:34:51+00:00

Argentine Businessman Planned $45K Watch Purchase Before Crypto Launch

A forensic analysis in the $LIBRA cryptocurrency case revealed that Argentine businessman Mauricio Novelli was looking for ways to spend money on luxury goods before the token launch, ignoring costs.


Argentine Businessman Planned $45K Watch Purchase Before Crypto Launch

Novelli went from planning luxury purchases to hiring private security, assembling a team of lawyers and advisors after complaints began to multiply. The data is part of the material recovered by judicial experts and adds to the investigation that seeks to determine responsibilities regarding the promotion and fall of the token, in a case that continues to add elements about the plot behind $LIBRA. New expert reports incorporated into the $LIBRA case have exposed the movements of businessman Mauricio Novelli in the hours leading up to the token launch, where attempts to buy luxury goods, handle cash, and take personal security measures appear. According to what the Argentine News Agency was able to ascertain from a cell phone forensic analysis, the day before the launch, Novelli sought to acquire a high-end Swiss watch valued at around 45,000 dollars and also inquired about Rolex models, even with the possibility of buying them without an invoice. In parallel, the businessman was analyzing expenses on properties and offices, with cash payments and quick decisions, while projecting high-level investments and consumption. According to the records, he handled large sums of money and prioritized immediate operations under the 'cash' logic, without regard for costs. After the launch of the cryptocurrency and the subsequent scandal over its collapse, the scenario changed abruptly.