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Prosecutor orders investigation into potential ties between Milei and Libra crypto collapse

Argentine federal prosecutor Eduardo Taiano has ordered an investigation into the phone records of individuals implicated in the Libra cryptocurrency scandal, including the country’s president, Javier Milei, to determine if there were any communications between them.

Sources involved in the investigation confirmed to the Argentine newspaper La Nación that Taiano is already analyzing the data to establish whether there were any call exchanges among key figures linked to the launch of the virtual currency. The cryptocurrency saw exponential growth after Milei mentioned it on social media, only to collapse shortly afterward, potentially leading to fraud charges.

To advance the probe, authorities have requested the collaboration of the Directorate of Technical Assistance for Criminal Investigation (Datip), a department within the Prosecutor’s Office, as they previously did with the Specialized Cybercrime Prosecutor’s Unit.

According to the prosecutor, the investigation is focused on potential crimes, including abuse of authority, fraud, influence peddling, and bribery. The judiciary has requested information from Argentina’s Central Bank and companies such as Google in an effort to determine the cryptocurrency’s origin and the role of Milei and five businessmen in its rise and downfall, La Nación reported.

Milei has faced over a hundred legal complaints following his promotion of the cryptocurrency, which later collapsed, causing significant financial losses for investors. Plaintiffs have cited statements from one of Libra’s partners, businessman Hayden Mark Davies, who acknowledged having served as an advisor to Milei and claimed that the president “endorsed and promoted” the project.

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International

Trump to build $200M ballroom at the White House by 2028

The U.S. government under President Donald Trump announced on Thursday that it will begin construction in September on a new 8,000-square-meter ballroom at the White House.

The announcement was made by Karoline Leavitt, the administration’s press secretary, during a briefing in which she explained that the expansion responds to the need for a larger venue to host “major events.”

“Other presidents have long wished for a space capable of accommodating large gatherings within the White House complex… President Trump has committed to solving this issue,” Leavitt told reporters.

The project is estimated to cost $200 million, fully funded through donations from Trump himself and other “patriots,” according to a government statement. Construction is scheduled to begin in September and is expected to be completed before Trump’s term ends in 2028.

The Clark Construction Group, a Virginia-based company known for projects such as the Capital One Arena and L’Enfant Plaza in Washington, D.C., has been selected to lead the project.

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The new ballroom will be built on the East Wing of the White House, expanding the iconic residence with a space designed for state dinners, official ceremonies, and large-scale events.

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International

Three salvadorans in Florida sentenced in $146 million construction tax fraud scheme

Three Salvadoran residents living in Orlando, Florida, were sentenced for conspiracy to commit tax fraud and wire fraud involving a scheme exceeding $146 million in the construction industry, according to the U.S. Attorney’s Office for the Middle District of Florida. The sentence was handed down by federal judge Timothy J. Corrigan on Tuesday, July 29.

Eduardo Aníbal Escobar (45) was sentenced to 4 years and 9 months in prison, Carlos Alberto Rodríguez (36) to 3 years and 4 months, and Adelmy Tejada (57) to 18 months in prison, followed by 6 months of house arrest. All three pled guilty on April 3, 2025.

In addition to the prison terms, the court ordered restitution payments totaling $36,957,616 to the IRS for unpaid payroll taxes, and $397,895 to two insurers for workers’ compensation claims related to the scheme.

Escobar and Rodríguez are permanent legal residents originally from El Salvador, while Tejada is a naturalized U.S. citizen of Salvadoran origin.

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International

Kremlin hails preparedness after Kamchatka quakes leave no casualties

The Kremlin expressed relief that the earthquakes that struck Russia’s Kamchatka Peninsula today —the first being the strongest since 1952— resulted in no casualties, and emphasized that the region is well prepared to face such natural disasters.

“Thank God, there were no victims,” said Kremlin spokesman Dmitry Peskov during his daily press briefing.

The presidential representative stated that “all alert systems were activated in time, and evacuations were organized for residents in areas requiring it in response to tsunami threats.”

“Overall, the seismic resilience of the buildings proved effective (…) Therefore, we can say that the technological preparedness demonstrated a high level,” Peskov added.

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