Lawsuit Alleges Meme Coin Fraud Involving Melania Trump and Javier Milei
A class action lawsuit has named Meteora founder Benjamin Chow as the alleged mastermind behind controversial meme coins linked to Melania TRUMP and Javier Milei. The filing claims public figures were used as "props" while Chow orchestrated the scheme.
The lawsuit focuses on five tokens, notably MELANIA and LIBRA, which saw dramatic price surges followed by collapses. Plaintiffs argue the project leaders artificially inflated values before abandoning the projects, leaving investors with worthless assets.
Legal documents describe a coordinated effort where Chow allegedly directed operations through intermediaries like Hayden Davis and Kelsier Ventures. The case highlights growing regulatory scrutiny around celebrity-endorsed cryptocurrency projects.
