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🇦🇷 Argentina /Economy & Trade

Mauricio Novelli reappears to sell a financial trading course after the $LIBRA scandal

From La Nación · () Spanish

Translated from Spanish and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Under investigation
  • Mauricio Novelli, a central figure in the launch and collapse of the $LIBRA cryptocurrency, returned to social media to promote a course on trading financial assets.
  • In a recorded video, Novelli presented himself as an example of the results he promises to teach and said he had been lucky in more than 200 operations.
  • Novelli had kept a low profile since the February 2025 scandal, while judicial scrutiny continued over his contacts with Javier Milei and other figures linked to the project.

Mauricio Novelli has returned to social media with a trading course, presenting himself as living proof of the results he promises to teach. In a video recorded in an office without logos, he invited potential students to learn from his experience in buying and selling financial assets.

“‘I was lucky, right?’” Novelli said to the camera. He immediately reinforced the point: “A lot of luck in the more than 200 operations I carried out,” he boasted. The video marks his first visible attempt to rebuild his presence on social networks and digital platforms after months away from public view.

Novelli was one of the central figures in the launch and collapse of $LIBRA, the cryptocurrency promoted by Javier Milei from his official X account on Feb. 15, 2025. The endorsement pushed the memecoin’s price close to $5 within hours. It then collapsed after wallets linked to the project and some of its main operators sold their holdings and withdrew about $100 million from liquidity funds, leaving thousands of investors with heavy losses.

I was lucky, right?

· Mauricio NovelliHe used the line while presenting himself in a video promoting his trading course.

The scandal later revealed that Novelli was in the United States on the day of the launch with his partner Manuel Terrones Godoy and Hayden Mark Davis, the project’s creator. He returned to Argentina on Feb. 16, after $LIBRA had plunged. During the token’s brief rise and rapid fall, he exchanged numerous messages and calls with Milei and with the president’s sister, Karina Milei, the secretary-general of the presidency.

Three days after the collapse, authorities entered the safe-deposit boxes of Novelli’s sister and mother. By the time investigators searched them, they found neither money nor items of interest. Novelli also had frequent access to the Government House and the General Secretariat of the Presidency after Milei took office. The judicial investigation is examining that sequence of events. Official Central Bank records list Novelli in “situation 4,” meaning a high degree of insolvency, amid the legal, financial and reputational impact of the $LIBRA case.

A lot of luck in the more than 200 operations I carried out.

· Mauricio NovelliHe boasted about his trading experience while inviting viewers to learn from him.
About this summary

Originally published by La Nación in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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