Federal agents have opened a sweeping inquiry into the Argentine Football Association, alleging a scheme that funneled more than $260 million through a web of U.S. banks. The investigation zeroes in on activities centered in Miami, where the flow of illicit cash is said to have been orchestrated through a network of financial institutions.
Banking records examined by investigators point to transfers involving Citibank, Synovus, Bank of America, JPMorgan Chase and PNC Bank, tracing the movement of funds that officials say originated from commercial deals linked to the sport.
Central to the probe is TourProdEnter LLC, a company that brokers commercial agreements for the AFA. The firm, owned by producer Javier Faroni, has attracted the attention of at least three federal prosecutors, who are scrutinizing its role in the financial chain.
According to people familiar with the case, prior to the arrangement, sponsor payments were routed directly to the AFA and then dispersed through youth soccer clubs. The pattern shifted after Argentina’s 2022 World Cup triumph, when the federation signed a new agreement with TourProdEnter.
The investigation, which began in 2025, gained momentum in 2026 after an alert from Argentina’s Ministry of Security prompted authorities to expand the inquiry. Miami has become a focal point, with the AFA having opened a South Florida office and established two training facilities in the city ahead of the Copa América.
Despite the scrutiny, no charges have been filed and the inquiry remains in its preliminary phase. Officials stress that the investigation will not interfere with Argentina’s participation in the current World Cup tournament.