As reconstructed by the journalist Hugo Alconada Mon in The Nation based on the testimony of five official and private sources, the lawyer Fernando Burlando In recent weeks, he has been involved in a new attempt to close the criminal case of the case. $Pound no convictions. The lawyer toured the federal courts of Comodoro Py and probed circuits of power in search of compensation for the victims, in what is already the third failed movement since the scandal broke out in February 2025, when the collapse of the cryptocurrency caused losses of more than US$ 250 million.
Burlando’s plan would have been to explore the legal figure of extinction of the criminal action for comprehensive reparation of the damageprovided for in the Penal Code. To do this, the lawyer first tried to test the parties and then reach the defendants with the support that the rest had already said yes. But the strategy collapsed before being completed. The federal prosecutor Eduardo Taianoin charge of the investigation, refused to receive him when Burlando showed up at his office. “We went to consult the prosecutor and he didn’t even respond to us”the lawyer admitted to those close to him, according to Alconada Mon in The Nation. In the hallways of Comodoro Py, Burlando calls Taiano “the anti-victim prosecutor.”
The case has been reported to the president Javier Mileihis sister Karina Mileithe American businessman Hayden Davis, Mauricio Novelli and Manuel Terrones Godoyamong others. There appears the first legal obstacle: the Penal Code does not allow the extinction of criminal action when there is accused public officials in the file. It is the same condition as the vice minister of Justice Santiago Viola outlined a similar attempt last year: the lawsuits had to remove the Milei from the case before moving forward with any agreement.
The second obstacle is Hayden Davis. His lawyers reaffirm that it will be difficult to prove the configuration of fraud and that, therefore, the businessman would not have to compensate investors. Without that will, the formula for comprehensive repair lacks real motor. “Not even the private parties were interested. Davis could come, Novelli could come to say ‘well, let’s fix this’. From them, nothing so far”Burlando acknowledged, according to Alconada Mon. For the lawyer, the accused show an incomprehensible myopia: “If I were a government operator, I would go out and fix it immediately”he stated.
Third attempt
This is the third failed attempt that Alconada Mon revealed in recent months. The first was carried out by the defense of Davis, who in June 2025 probed to deposit close to US$100 million in a judicial account to extinguish the criminal action against him. The second involved the lawyers Nicolas Oszust and Agustín Romboláwho represent more than thirty investors with losses exceeding US$ 4.5 million, who held a civil mediation hearing with lawyers from Novelli, Terrones Godoy and the former CNV advisor Sergio Morales. That instance was also truncated.
The common denominator of the three attempts, according to the survey The Nationis the problem of “fronting”: no one wants to formally assume reparation before Justice or stand up for the money to be distributed. One possibility that circulated in the conversations was that a crypto market platform assume that role, but the proposal generated resistance due to its legal and reputational risks. Mocking, meanwhile, leaves a warning with a specific date: “If they lose the 2027 elections because of this issue, they will all go to prison”.
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