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In March 2017, his hedge fund, FinTech Advisory, deemed a vulture fund, received bonds using a encounter price of $1.three billion as collateral for the $300 million mortgage to Venezuela, helping the Venezuelan government sell assets amid Global sanctions. Among April and June, Martinez traveled frequently to Venezuela on credit card debt-linked matters, touring again in Oct to urge the government of Nicolas Maduro not to pay for the accumulating payments on overdue bonds.
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In reaction, American investor Paul Singer's firm, Elliott Associates, and various hedge cash, which with each other owned about $seven-hundred million of Vitro's previous personal debt, claimed that Martínez had served Vitro "muscle buyers from hundreds of a lot of dollars by financial sleight of hand," and accused Vitro of "audacity, brazen manipulation and greed.