US Probes Argentine Football Association for Financial Fraud
U.S. authorities are investigating the Argentine Football Association (AFA) for suspected fraud and money laundering. The probe centers on hundreds of millions of dollars allegedly transacted through U.S. banks.
U.S. authorities have launched a significant investigation into the Argentine Football Association (AFA), examining allegations of fraud and money laundering. The probe reportedly involves as much as $300 million in funds that allegedly moved through U.S. banking channels, according to sources familiar with the investigation.
The inquiry has focused on TourProdEnter LLC, a Florida-based company that reportedly served as the AFA's international commercial agent. Records suggest the company received approximately $300 million between 2022 and mid-2024 via accounts at several U.S. banks. These funds are said to originate from the AFA's international business, including sponsorships and friendly matches.
A key point of contention is TourProdEnter's alleged contract, which reportedly entitled the company to 30 percent of the AFA's international revenue after taxes, plus a 10 percent commission on logistics expenses. Reports indicate the company managed at least $260 million in AFA revenue, yet only a portion of this amount could be substantiated with identifiable operating expenses.
The AFA has denied the allegations, stating its full cooperation with the investigation. The association emphasizes that its financial operations are transparent and compliant with international standards. This probe casts a shadow over the international image of Argentine football.