U.S. govt launches probe into Argentine FA’s alleged $300 million transfers

The U.S. Department of Justice has opened a preliminary investigation into the Argentine Football Association and its president, Claudio ‘Chiqui’ Tapia, to determine whether millions of dollars in transactions carried out through American banks violated regulations.
According to the Argentine newspaper La Nación on Wednesday, the Federal Bureau of Investigation has begun interviewing individuals with knowledge of the AFA’s finances.
This is reportedly part of the DOJ’s probe, which began in 2025, to determine whether a series of transactions totalling over $300 million conducted by the AFA under Mr Tapia constitutes money laundering or fraud under American law.
It was reported that the investigation is centred on how the AFA structured its international commercial agreements and their connection to TourProdEnter LLC, a company that handles AFA’s sponsorship and financial dealings under U.S. jurisdiction.
“TourProdEnter LLC managed at least $260 million in revenue from the AFA, although—according to bank records analysed by LA NACION—only a portion of these funds can be directly linked to identifiable operating expenses of the organisation headed by Tapia.
“Another $57 million was distributed among various companies and beneficiaries whose economic justification is not apparent from the documentation reviewed by this newspaper,” La Nacion reported.
The FBI allegedly interviewed businessman Guillermo Tofoni as a witness for more than three hours last week, and U.S. prosecutors are still planning to speak to former government officials in Argentina who may have had knowledge of the operations inside the AFA.
Reported that the transactions under investigation were conducted through Citibank, Bank of America, and JPMorgan. It was also alleged that payments were made to companies connected to Pablo Toviggino, the AFA treasurer, and to family members.
Addressing the case, Tomas Regalado, an ambassador for the AFA in North America, said, “Investigative measures alone do not determine responsibility or guilt.”
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

Uncategorized
TCN restores Kainji-Birnin Kebbi 330kV transmission line
The company said power went off in the affected areas on September 7.

States
Group seeks better healthcare, social support for elderly Nigerians
Mr Oluwadamilare said growing old in Nigeria was becoming increasingly difficult due to economic hardship.

States
INEC urges Sokoto voters to maintain confidence in electoral process
INEC reminded registered voters that collection of Permanent Voter Cards (PVCs) would begin on October 9.

States
Bayelsa governor urges Nigerians to renew commitment to unity, development
The governor congratulated the people of Bayelsa at home and abroad.

NationWide
Dangote Foundation gives Nigerian students free shares to build new generation of investors
The initiative forms part of ADF’s broader commitment to empowering young Nigerians.

States
Police, security agencies launch operation to rescue abducted corps members in Imo
The incident occurred on Thursday at about 6:30 p.m. along the Owerri-Onitsha Road, near Umunoha.





