Monday, July 20, 2026

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

Tomas Regalado, an ambassador for the AFA in North America, said, “Investigative measures alone do not determine responsibility or guilt.”

• July 9, 2026
Argentine Football Association and its president, Claudio ‘Chiqui’ Tapia

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

farmers

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

Katsina State

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.”

Prepaid metres

NationWide

Cost-reflective tariffs will improve Nigeria’s power sector: Expert

“Cost-reflective tariffs will not only improve delivery but also encourage new investments in both fossil-fuel and renewable energy generation,” he said.

Esmaeil Baghaei

World

Iran confirms U.S. proposal to resume talks amid latest attacks

Iran says it received proposals from mediators about resuming negotiations with the United States.

Keir Starmer (Credit: X)

World

I’ve made UK better, stronger than my predecessor: Keir Starmer

Mr Starmer hailed himself for taking the Labour Party from “historic defeat” in 2019 to winning the country’s general election in 2024, when it ousted the Conservative Party.

Central Securities Clearing System (CSCS) Plc

Economy

CSCS declares N1 interim dividend after half-year earnings

The company noted that the interim dividend represented 56 per cent of the total dividend of N1.78 per share paid for the 2025 financial year.

kids inside classroom

Health

Mental health key to attaining excellence in children, says expert

He said children perform better academically and socially when the learning environment supports their emotional well-being.

Ifeanyi Okowa And Ned Nwoko

States

Court dismisses Ned Nwoko’s suit challenging Okowa’s candidacy for Delta North senatorial district

The Federal High Court, Abuja, rejected Mr Nwoko’s suit seeking to void Mr Okowa’s emergence as the APC candidate for the Delta North senatorial district.