IBOV 177,547.57 ▲ 2.44% IPSA 11,009.22 ▲ 0.50% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,379,771 — 0.00% COLCAP 2,297.00 ▼ 0.19% BVL PERÚ 57,575.02 — — USD/BRL5.08▲ 0.59% USD/MXN17.51▲ 0.70% USD/CLP945.27▲ 1.03% USD/COP3,234▲ 0.21% USD/PEN3.41▲ 0.16% USD/ARS1,487▲ 0.30% USD/UYU40.14▲ 1.16% USD/PYG6,035▲ 1.38% USD/BOB10.95▲ 2.82% USD/DOP57.92▼ 0.14% USD/CRC447.42▲ 1.35% USD/GTQ7.62▲ 2.27% USD/HNL26.74▲ 0.88% USD/NIO36.62▲ 0.31% USD/VES736.04▼ 0.04% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.36% USD/TTD6.71▲ 0.76% EUR/BRL5.79▼ 0.16% BRENT 86.83 ▼ 7.70% WTI 90.79 ▲ 4.56% IRON ORE 161.91 — — COPPER 6.37 ▼ 1.22% GOLD 4,052 ▼ 2.28% SILVER 57.64 ▼ 3.96% SOY 1,248 ▲ 1.18% CORN 487.50 ▲ 5.52% WHEAT 707.25 ▲ 0.21% COFFEE 312.20 ▼ 1.41% SUGAR 14.81 ▲ 0.47% ORANGE JUICE 145.95 ▼ 2.89% COTTON 81.49 ▲ 2.03% COCOA 5,285 ▼ 0.81% BEEF 219.20 ▼ 3.30% CATTLE 336.15 ▼ 3.83% LITHIUM 69.49 ▲ 0.59% PETR4 43.21 ▲ 1.48% VALE3 74.97 ▼ 0.17% ITUB4 42.46 ▼ 1.03% BBDC4 18.83 ▼ 0.74% ABEV3 16.07 ▼ 0.37% BBAS3 21.04 ▼ 0.24% B3SA3 15.70 ▼ 1.26% WEGE3 46.49 ▼ 0.53% PRIO3 60.83 ▲ 1.77% SUZB3 42.38 ▼ 0.66% RENT3 36.11 ▼ 2.77% AZZA3 17.45 ▼ 2.02% CSAN3 3.88 ▼ 1.02% RAIZ4 0.27 — 0.00% PCAR3 2.75 — 0.00% GMAT3 3.88 ▼ 0.77% PSSA3 55.09 ▼ 0.65% CVCB3 1.28 ▲ 0.79% POSI3 3.67 ▼ 0.81% SLCE3 13.91 ▼ 0.36% NATU3 8.61 ▼ 0.81% BRKM5 6.12 ▲ 0.82% RANI3 7.95 ▼ 0.63% CSNA3 5.38 — 0.00% CMIN3 5.71 ▼ 2.23% USIM5 8.59 ▼ 0.69% GGBR4 23.97 ▼ 0.37% ENEV3 25.60 ▼ 1.42% CPFE3 46.22 ▼ 1.05% CMIG4 11.17 ▼ 0.36% EQTL3 38.98 ▼ 0.94% LREN3 13.35 ▼ 1.40% VIVT3 34.91 ▼ 1.33% RAIL3 13.53 ▼ 0.81% KLABIN 17.84 ▼ 0.50% RAIA DROGASIL 18.21 ▼ 0.44% RDOR3 33.62 ▼ 2.52% HAPV3 11.17 ▼ 1.93% FLRY3 16.54 ▼ 0.66% SMTO3 16.03 ▼ 0.12% UGPA3 33.13 ▲ 0.91% VBBR3 35.19 ▲ 0.60% BBSE3 42.45 ▼ 0.31% BPAC11 56.38 ▼ 1.12% CURY3 29.52 ▼ 2.25% AERI3 2.05 — 0.00% VIVARA 21.31 ▼ 1.11% COMPASS 24.76 ▼ 0.20% VAMOS 3.18 ▼ 1.55% SANB11 26.74 ▼ 0.78% ASAI3 8.30 ▼ 1.19% SBSP3 28.77 ▼ 1.78% WALMEX 48.65 ▼ 1.02% GMEXICO 214.34 ▲ 2.57% FEMSA 227.98 ▲ 0.55% CEMEX 22.17 ▲ 0.45% GFNORTE 191.99 ▲ 3.33% BIMBO 60.30 ▲ 1.53% TELEVISA 9.82 ▲ 0.61% AMX 22.70 ▼ 0.26% GAP 378.40 ▼ 0.03% ASUR 273.53 ▼ 0.52% OMA 229.62 ▲ 1.49% KOF 182.55 ▲ 1.15% GRUMA 280.45 ▼ 0.76% KIMBER 38.85 ▲ 1.17% SQM-B 65,055 ▲ 0.80% COPEC 6,550 ▲ 1.55% BSANTANDER 79.85 ▲ 1.06% FALABELLA 6,042 ▲ 2.08% ENELAM 84.53 — 0.00% CENCOSUD 2,010 ▼ 0.89% CMPC 1,070 — 0.00% BANCO CHILE 193.50 ▲ 1.84% LATAM AIR 24.09 — 0.00% YPF 82,500 ▲ 2.33% GGAL 8,275 ▲ 3.89% PAMPA 5,625 ▲ 2.74% TXAR 668.50 ▼ 1.55% ALUAR 974.00 ▲ 0.10% TGS 9,905 ▲ 2.01% CEPU 2,411 ▲ 3.03% MIRGOR 16,925 ▲ 0.89% COME 43.14 ▲ 0.63% LOMA NEGRA 3,823 ▲ 6.03% BYMA 295.00 ▲ 0.94% TELECOM ARG 4,420 ▲ 3.88% ECOPETROL 16.69 ▲ 0.97% BANCOLOMBIA 84.66 ▲ 1.22% GRUPO AVAL 5.04 — 0.00% CREDICORP 393.43 ▲ 0.60% SOUTHERN COPPER 195.48 ▲ 3.97% BUENAVENTURA 32.09 ▲ 2.69% MERCADOLIBRE 1,799 ▼ 1.29% NUBANK 14.51 ▲ 0.83% XP 17.30 ▲ 2.67% PAGSEGURO 9.67 ▲ 0.94% STONE 11.36 ▲ 0.93% GLOBANT 30.67 ▼ 4.45% TECNOGLASS 45.24 ▲ 0.20% GAP AIRPORT 217.70 ▲ 0.01% ASUR 273.53 ▼ 0.52% OMA AIRPORT 105.35 ▲ 1.07% AMX ADR 26.12 ▲ 0.12% FEMSA ADR 130.96 ▲ 0.47% CEMEX ADR 12.72 — 0.00% PETROBRAS ADR 18.89 ▲ 1.89% VALE ADR 14.85 ▲ 4.21% ITAU ADR 8.48 ▲ 0.95% SANTANDER BR 5.45 ▲ 0.74% AMBEV ADR 3.14 ▲ 0.96% CSN 1.09 ▲ 9.00% GERDAU 4.77 ▲ 2.69% LATAM ADR 51.22 ▼ 0.68% BTC 64,978 ▼ 1.70% ETH 1,897 ▼ 1.89% SOL 76.65 ▼ 1.61% XRP 1.11 ▼ 2.52% BNB 568.00 ▼ 0.48% ADA 0.17 ▼ 1.73% DOGE 0.07 ▼ 3.59% AVAX 6.43 ▼ 2.83% LINK 8.49 ▼ 1.58% DOT 0.81 ▼ 2.42% LTC 46.74 ▼ 0.70% BCH 214.50 ▼ 2.49% TRX 0.33 ▼ 0.76% XLM 0.18 ▼ 2.86% HBAR 0.07 ▼ 1.22% NEAR 1.88 ▲ 0.54% ATOM 1.44 ▼ 1.88% AAVE 95.62 ▼ 1.78% SELIC 14.25% EMBRAER 83.09 ▼ 0.84% EMBRAER ADR 66.05 ▲ 0.89% JBS 12.25 ▲ 2.51% JBS BDR 61.61 ▼ 0.31% MBRF3 16.08 ▲ 0.31% MBRFY 3.18 ▼ 0.31% INTER 5.69 ▲ 1.97% EGX 53,932 ▼ 0.11% USD/ZAR16.69▲ 1.83% USD/NGN 1,370 — 0.00% NIKKEI 66,423 ▲ 0.46% CSI300 4,728 ▲ 0.23% HSI 25,211 ▲ 1.28% NIFTY 23,870 ▼ 0.53% KOSPI 7,097 ▲ 4.40% JCI 6,315 ▼ 0.30% USD/JPY163.78▲ 0.39% USD/CNY 6.7641 — 0.00% DAX 24,807 ▼ 1.39% CAC 8,292 ▼ 1.72% FTSE 10,617 ▼ 0.93% MIB 51,398 ▼ 2.64% IBEX 19,281 ▼ 1.48% STOXX 637.88 ▼ 1.40% EUR/USD1.14▼ 0.26% GBP/USD1.33▼ 0.31% SPX 7,414 ▼ 1.13% DJI 51,704 ▼ 0.99% NDX 28,998 ▼ 0.54% RUT 2,960 ▼ 0.92% TSX 35,365 ▼ 0.34% VIX 19.28 ▲ 15.87% USD/CAD1.41▼ 0.07% US10Y 4.7100 ▲ 1.14% IBOV 177,547.57 ▲ 2.44% IPSA 11,009.22 ▲ 0.50% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,379,771 — 0.00% COLCAP 2,297.00 ▼ 0.19% BVL PERÚ 57,575.02 — — USD/BRL 5.09 ▲ 0.63% USD/MXN 17.51 ▲ 0.72% USD/CLP 945.83 ▲ 1.09% USD/COP 3,235 ▲ 0.24% USD/PEN 3.41 ▲ 0.16% USD/ARS 1,487 ▲ 0.30% USD/UYU 40.14 ▲ 1.16% USD/PYG 6,035 ▲ 1.38% USD/BOB 10.95 ▲ 2.82% USD/DOP 57.92 ▼ 0.14% USD/CRC 447.42 ▲ 1.36% USD/GTQ 7.62 ▲ 2.31% USD/HNL 26.74 ▲ 0.88% USD/NIO 36.62 ▲ 0.31% USD/VES 736.04 ▼ 0.04% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.36% USD/TTD 6.71 ▲ 0.76% EUR/BRL 5.79 ▼ 0.16% BRENT 86.83 ▼ 7.70% WTI 90.79 ▲ 4.56% IRON ORE 161.91 — — COPPER 6.37 ▼ 1.22% GOLD 4,052 ▼ 2.28% SILVER 57.64 ▼ 3.96% SOY 1,248 ▲ 1.18% CORN 487.50 ▲ 5.52% WHEAT 707.25 ▲ 0.21% COFFEE 312.20 ▼ 1.41% SUGAR 14.81 ▲ 0.47% ORANGE JUICE 145.95 ▼ 2.89% COTTON 81.49 ▲ 2.03% COCOA 5,285 ▼ 0.81% BEEF 219.20 ▼ 3.30% CATTLE 336.15 ▼ 3.83% LITHIUM 69.49 ▲ 0.59% PETR4 43.21 ▲ 1.48% VALE3 74.97 ▼ 0.17% ITUB4 42.46 ▼ 1.03% BBDC4 18.83 ▼ 0.74% ABEV3 16.07 ▼ 0.37% BBAS3 21.04 ▼ 0.24% B3SA3 15.70 ▼ 1.26% WEGE3 46.49 ▼ 0.53% PRIO3 60.83 ▲ 1.77% SUZB3 42.38 ▼ 0.66% RENT3 36.11 ▼ 2.77% AZZA3 17.45 ▼ 2.02% CSAN3 3.88 ▼ 1.02% RAIZ4 0.27 — 0.00% PCAR3 2.75 — 0.00% GMAT3 3.88 ▼ 0.77% PSSA3 55.09 ▼ 0.65% CVCB3 1.28 ▲ 0.79% POSI3 3.67 ▼ 0.81% SLCE3 13.91 ▼ 0.36% NATU3 8.61 ▼ 0.81% BRKM5 6.12 ▲ 0.82% RANI3 7.95 ▼ 0.63% CSNA3 5.38 — 0.00% CMIN3 5.71 ▼ 2.23% USIM5 8.59 ▼ 0.69% GGBR4 23.97 ▼ 0.37% ENEV3 25.60 ▼ 1.42% CPFE3 46.22 ▼ 1.05% CMIG4 11.17 ▼ 0.36% EQTL3 38.98 ▼ 0.94% LREN3 13.35 ▼ 1.40% VIVT3 34.91 ▼ 1.33% RAIL3 13.53 ▼ 0.81% KLABIN 17.84 ▼ 0.50% RAIA DROGASIL 18.21 ▼ 0.44% RDOR3 33.62 ▼ 2.52% HAPV3 11.17 ▼ 1.93% FLRY3 16.54 ▼ 0.66% SMTO3 16.03 ▼ 0.12% UGPA3 33.13 ▲ 0.91% VBBR3 35.19 ▲ 0.60% BBSE3 42.45 ▼ 0.31% BPAC11 56.38 ▼ 1.12% CURY3 29.52 ▼ 2.25% AERI3 2.05 — 0.00% VIVARA 21.31 ▼ 1.11% COMPASS 24.76 ▼ 0.20% VAMOS 3.18 ▼ 1.55% SANB11 26.74 ▼ 0.78% ASAI3 8.30 ▼ 1.19% SBSP3 28.77 ▼ 1.78% WALMEX 48.65 ▼ 1.02% GMEXICO 214.34 ▲ 2.57% FEMSA 227.98 ▲ 0.55% CEMEX 22.17 ▲ 0.45% GFNORTE 191.99 ▲ 3.33% BIMBO 60.30 ▲ 1.53% TELEVISA 9.82 ▲ 0.61% AMX 22.70 ▼ 0.26% GAP 378.40 ▼ 0.03% ASUR 273.53 ▼ 0.52% OMA 229.62 ▲ 1.49% KOF 182.55 ▲ 1.15% GRUMA 280.45 ▼ 0.76% KIMBER 38.85 ▲ 1.17% SQM-B 65,055 ▲ 0.80% COPEC 6,550 ▲ 1.55% BSANTANDER 79.85 ▲ 1.06% FALABELLA 6,042 ▲ 2.08% ENELAM 84.53 — 0.00% CENCOSUD 2,010 ▼ 0.89% CMPC 1,070 — 0.00% BANCO CHILE 193.50 ▲ 1.84% LATAM AIR 24.09 — 0.00% YPF 82,500 ▲ 2.33% GGAL 8,275 ▲ 3.89% PAMPA 5,625 ▲ 2.74% TXAR 668.50 ▼ 1.55% ALUAR 974.00 ▲ 0.10% TGS 9,905 ▲ 2.01% CEPU 2,411 ▲ 3.03% MIRGOR 16,925 ▲ 0.89% COME 43.14 ▲ 0.63% LOMA NEGRA 3,823 ▲ 6.03% BYMA 295.00 ▲ 0.94% TELECOM ARG 4,420 ▲ 3.88% ECOPETROL 16.69 ▲ 0.97% BANCOLOMBIA 84.66 ▲ 1.22% GRUPO AVAL 5.04 — 0.00% CREDICORP 393.43 ▲ 0.60% SOUTHERN COPPER 195.48 ▲ 3.97% BUENAVENTURA 32.09 ▲ 2.69% MERCADOLIBRE 1,799 ▼ 1.29% NUBANK 14.51 ▲ 0.83% XP 17.30 ▲ 2.67% PAGSEGURO 9.67 ▲ 0.94% STONE 11.36 ▲ 0.93% GLOBANT 30.67 ▼ 4.45% TECNOGLASS 45.24 ▲ 0.20% GAP AIRPORT 217.70 ▲ 0.01% ASUR 273.53 ▼ 0.52% OMA AIRPORT 105.35 ▲ 1.07% AMX ADR 26.12 ▲ 0.12% FEMSA ADR 130.96 ▲ 0.47% CEMEX ADR 12.72 — 0.00% PETROBRAS ADR 18.89 ▲ 1.89% VALE ADR 14.85 ▲ 4.21% ITAU ADR 8.48 ▲ 0.95% SANTANDER BR 5.45 ▲ 0.74% AMBEV ADR 3.14 ▲ 0.96% CSN 1.09 ▲ 9.00% GERDAU 4.77 ▲ 2.69% LATAM ADR 51.22 ▼ 0.68% BTC 64,978 ▼ 1.70% ETH 1,897 ▼ 1.89% SOL 76.65 ▼ 1.61% XRP 1.11 ▼ 2.52% BNB 568.00 ▼ 0.48% ADA 0.17 ▼ 1.73% DOGE 0.07 ▼ 3.59% AVAX 6.43 ▼ 2.83% LINK 8.49 ▼ 1.58% DOT 0.81 ▼ 2.42% LTC 46.74 ▼ 0.70% BCH 214.50 ▼ 2.49% TRX 0.33 ▼ 0.76% XLM 0.18 ▼ 2.86% HBAR 0.07 ▼ 1.22% NEAR 1.88 ▲ 0.54% ATOM 1.44 ▼ 1.88% AAVE 95.62 ▼ 1.78% SELIC 14.25% EMBRAER 83.09 ▼ 0.84% EMBRAER ADR 66.05 ▲ 0.89% JBS 12.25 ▲ 2.51% JBS BDR 61.61 ▼ 0.31% MBRF3 16.08 ▲ 0.31% MBRFY 3.18 ▼ 0.31% INTER 5.69 ▲ 1.97% EGX 53,932 ▼ 0.11% USD/ZAR 16.68 ▲ 1.65% USD/NGN 1,370 — 0.00% NIKKEI 66,423 ▲ 0.46% CSI300 4,728 ▲ 0.23% HSI 25,211 ▲ 1.28% NIFTY 23,870 ▼ 0.53% KOSPI 7,097 ▲ 4.40% JCI 6,315 ▼ 0.30% USD/JPY 163.77 ▲ 0.42% USD/CNY 6.7641 — 0.00% DAX 24,807 ▼ 1.39% CAC 8,292 ▼ 1.72% FTSE 10,617 ▼ 0.93% MIB 51,398 ▼ 2.64% IBEX 19,281 ▼ 1.48% STOXX 637.88 ▼ 1.40% EUR/USD 1.1382 ▼ 0.24% GBP/USD 1.3336 ▼ 0.30% SPX 7,414 ▼ 1.13% DJI 51,704 ▼ 0.99% NDX 28,998 ▼ 0.54% RUT 2,960 ▼ 0.92% TSX 35,365 ▼ 0.34% VIX 19.28 ▲ 15.87% USD/CAD 1.4079 ▼ 0.02% US10Y 4.7100 ▲ 1.14%
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Thursday, July 23, 2026

Maduro Trial Enters Evidence Fight in New York

By · March 26, 2026 · 3 min read

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Key Points

Maduro and Flores returned to a New York courtroom on Thursday for their second hearing, where the defense filed a new motion to dismiss all charges

Prosecutors asked the judge to block evidence from being shared with four co-defendants still at large in Venezuela, citing the risk of witness intimidation through state power

The defense argues that U.S. Treasury sanctions on Venezuelan funds violate Maduro’s constitutional right to choose his own lawyer, threatening to derail the case on procedural grounds

The Maduro trial reached a critical juncture on Thursday as Nicolás Maduro and his wife Cilia Flores appeared before Judge Alvin Hellerstein in New York for their second hearing since being captured in January. The Rio Times, the Latin American financial news outlet, reports that the session opened two parallel legal battles: a fight over evidence access and a constitutional challenge to how the defense is funded.

Both defendants face four charges including narcoterrorism conspiracy, to which they pleaded not guilty in January. The hearing had originally been scheduled for March 17 but was postponed to allow prosecutors more preparation time.

Prosecutors Seek to Shield Witnesses in Maduro Trial

Manhattan U.S. Attorney Jay Clayton, the former Securities and Exchange Commission chairman leading the prosecution, asked Judge Hellerstein to issue a protection order restricting how evidence is shared. The request targets four co-defendants named in the superseding indictment who remain at large: Interior Minister Diosdado Cabello, former interior minister Ramón Rodríguez Chacín, Maduro‘s son Nicolás Maduro Guerra, and Héctor Guerrero Flores, alleged leader of the Tren de Aragua criminal network.

Maduro Trial Enters Evidence Fight in New York. (Photo Internet reproduction)
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Clayton argued that these individuals could use state power to identify, arrest, or threaten witnesses and their families. The prosecution cited a 2006 case in which Venezuelan military officers were allegedly detained to divert attention from a cocaine shipment linked to Maduro and Cabello.

Maduro’s legal team, led by Barry Pollack, accepted most of the proposed order but rejected Paragraph 13, which would bar sharing evidence with the four fugitive co-defendants. The defense has until March 30 to formally challenge that provision.

Defense Funding Becomes a Constitutional Question

The defense filed a new motion on Thursday arguing that all charges should be dismissed on constitutional grounds. Pollack and Mark Donnelly, representing Flores, contend that the Treasury Department’s Office of Foreign Assets Control revoked a license on February 9 that had authorized Venezuelan government funds to cover legal fees, violating the Sixth Amendment right to choose one’s own attorney.

Both defendants claim they have no personal resources to pay for counsel, and that Venezuelan law obligates the state to cover a former president’s defense. Prosecutors have countered that sanctions prohibit such payments and that public defenders remain available.

A Widening Case Against Venezuela’s Power Circle

The Maduro trial sits at the center of a broader legal offensive against Venezuela’s former ruling circle. Hugo Carvajal, the former military intelligence chief, pleaded guilty last June to all four counts including narcoterrorism. His cooperation could strengthen the prosecution’s evidence against the remaining defendants.

Meanwhile, acting president Delcy Rodríguez has been overhauling Venezuela’s cabinet, replacing 14 of 32 ministers and firing longtime defense chief Vladímir Padrino after eleven years. The U.S. has separately drafted corruption charges against Rodríguez herself, creating what analysts describe as a framework of calibrated coercion to keep Venezuela’s post-Maduro government cooperative.

Maduro’s son appeared in a video from Caracas this week saying his father was in high spirits and exercising daily at Brooklyn’s Metropolitan Detention Center. Maduro Guerra described Flores as alert and resilient ahead of the hearing.

Legal experts estimate that a full trial remains one to two years away, by which time Judge Hellerstein would be 94. The coming weeks will determine whether the evidence protection order and the defense funding challenge reshape the timeline — or whether the case proceeds toward what would be one of the most consequential criminal trials in U.S. history.

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