Melania & Milei: Scam or Scapegoats? 🤡

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A lawsuit, as if by some cruel twist of fate, unveils that Melania Trump and Javier Milei were unwittingly ensnared in a $57 million memecoin charade, their names wielded like a magician’s wand to lure the gullible. 🦊

A new class action case has been filed against Melania Trump and Argentine President Javier Milei, with both accused of using their names in a colossal memecoin scam. 🤯

The plaintiffs are suing Meteora founder Benjamin Chow and others, alleging that Chow orchestrated a $57 million pump-and-dump scheme using tokens called MELANIA and LIBRA. 🕵️‍♂️

Though the complaint has garnered high-profile attention, it clarifies that neither Melania Trump nor Javier Milei faces any accusations of wrongdoing. The scammers merely used their names to lend the scheme credibility, as if the mere mention of a first lady’s name could turn lead into gold. 💰

High-Profile Figures Exploited in $57M memecoin Scam

The case of Hurlock v. Kelsier Ventures suggests that Benjamin Chow orchestrated a well-organized campaign to launch at least 15 memecoins, each more absurd than the last. 🤡

The U.S.-backed MELANIA token, first Lady shortly after the inauguration of President Donald Trump in 2025, initially soared in value but then dropped by almost 99 percent, leaving investors with nothing but regret. 🙃

Similarly, supporters vigorously promoted LIBRA, associating it with Milei’s name, but the project failed shortly after its launch, much like a poorly timed joke. 😅

The scammers used the two tokens as major bait to lure unsuspecting investors into a liquidity trap designed to benefit the insiders, who likely spent the proceeds on a seaside villa and a lifetime supply of champagne. 🥂

Investors allege that Chow and his partners used the recognition of Melania Trump and Javier Milei to create hype, as if the mere mention of a celebrity’s name could turn a pile of digital garbage into a fortune. 🧠

The grievance explains that the scammers used the names and themes of these public figures solely to attract attention, a tactic as old as the hills and twice as tiresome. 🌄

This was a disguise for a calculated fraud, as this allowed the defendants to artificially inflate token values and withdraw them as the investors incurred millions in losses. 💸

Lawsuit Highlights Innocence of Trump, Milei

Most importantly, the legal filing clarifies that Melania Trump and Javier Milei, in person, have nothing to do with any form of the alleged fraud. They are not connected to the scheme in any way, which is a relief, if only because it means they aren’t responsible for the chaos. 🙏

The anti-corruption office of Argentina also vindicated Milei of any activity related to the promotion of LIBRA tokens, a rare instance of truth prevailing over sensationalism. 🕵️‍♀️

The lawsuit is a very grim warning regarding the dangers of memecoins, which are driven by celebrity ads. 🚨

It reveals the way scammers can exploit trusted names to give an illusion of authenticity, as if the word of a president or a first lady could somehow validate a scheme as flimsy as a house of cards. 🏗️

The MELANIA and LIBRA exposures show the pressing necessity of review in the booming and yet unstable crypto memecoin industry, where the only thing more volatile than the tokens is the sanity of the investors. 🤯

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2025-10-24 01:22