The Federal Bureau of Investigation has opened a preliminary inquiry into the financial operations of the Argentine Football Association as they intersect with U.S. banking institutions, people familiar with the case said.
According to court filings and internal memos, investigators have traced at least $260 million in transfers that moved through accounts at Citibank, Synovus, Bank of America, JPMorgan Chase and PNC Bank, with an additional $57 million in transactions whose purpose remains opaque.
The corporate conduit
The conduit at the center of the probe is TourProdEnter LLC, a limited liability company tied to businessman Javier Faroni and executive Erica Gillette, who are alleged to have overseen the AFA’s international commercial contract revenues.
Banking records reviewed by federal agents show that TourProdEnter funneled the bulk of those funds, using a web of corporate accounts to disguise the flow of money that originated from sponsorship deals and broadcasting rights.
The inquiry has drawn together a team of at least three U.S. attorneys, including Patrick Gushue, Christopher Ting and Michael Berger, who are coordinating the review of financial documents and interviewing witnesses.
Businessman Guillermo Tofoni, who has previously supplied information to law enforcement in unrelated matters, has emerged as a key source for investigators seeking clarity on the unexplained $57 million.
Political reverberations
The investigation coincides with a broader scrutiny of Argentina’s policy decisions under President Javier Milei, whose administration has faced questions about potential interference in the federation’s commercial negotiations.
While no formal charges have been filed and no wrongdoing has been established, the Justice Department is evaluating whether to conduct further interviews with former officials from Milei’s government who may have been involved in the AFA’s overseas contracts.
The preliminary inquiry, which began in 2025 and expanded in early 2026 after additional banking documentation surfaced, remains open-ended, with prosecutors indicating that the case could evolve as more evidence comes to light.