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Argentina approves U.S. extradition of businessman Fred Machado on drug and money laundering charges.
Argentina’s Supreme Court has approved the extradition of businessman Fred Machado to the U.S. to face drug trafficking and money laundering charges, following a three-year legal process.
Machado, detained in 2021, is accused of using shell companies to register aircraft illegally exported to Latin American criminal groups for cocaine trafficking.
The move intensifies political pressure on President Javier Milei after documents revealed that José Luis Espert, a top ally and former election candidate, received a $200,000 payment from Machado, which Espert said was for consulting work.
Espert denied any criminal knowledge, withdrew his candidacy, and vowed to prove his innocence.
The scandal adds to challenges for Milei’s administration, already facing setbacks including a provincial election loss, a bribery scandal involving Milei’s sister, and legislative defeats.
With midterm elections approaching, Milei seeks economic stability and U.S. financial support, with a planned meeting with President Donald Trump on October 14.
Argentina aprueba la extradición a Estados Unidos del empresario Fred Machado acusado de drogas y lavado de dinero.