Argentine Financier 'Rosario Madoff' Negotiates Plea Deal, Victims Fear No Recovery

Luis Herrera, former Rofex president, is negotiating a plea deal of six years in prison (four for his sons) without restitution, after prosecutors sought 13 years for a US$10 million fraud. The deal, if accepted, would likely leave investors without recovering losses, marking a notable outcome in Argentina's crackdown on financial fraud in Rosario.