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Detained Businessman Fred Machado Alleges Six-Figure Support, Loaned Plane to José Luis Espert

The detained businessman issued on-the-record claims of six-figure 2019 support, unverified claims disputed by Espert.

Overview

  • Machado says he signed a contract with Espert in 2019 worth more than US$200,000 and that a related transfer was routed in 2020 through Aircraft Guaranty.
  • He claims he lent an airplane and provided vehicles, logistics and expenses during Espert’s 2019 campaign, which he characterizes as help rather than formal campaign financing.
  • Machado contends Espert later denied the relationship once his case became public and says there are photos and witnesses who could attest to their link.
  • Espert has framed the money as payment for financial and economic consulting, not covert funding, according to the reporting.
  • Speaking from home detention in Viedma on fraud and cocaine-trafficking accusations, Machado rejects the label of narcotrafficker and portrays himself as stigmatized.