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4h ago

AFA Cash Flows Probed After $42 Million Routed to Inactive Florida LLCs

U.S. bank records detail $260 million moved by the AFA’s overseas agent, prompting an Argentine money‑laundering inquiry tied to a Pilar mansion.

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El dinero fue a cuentas de sociedades sin actividad real en Florida, Estados Unidos.
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Overview

  • Newly obtained U.S. banking documents show TourProdEnter LLC moved more than $260 million from 2022 to 2025 through accounts at Bank of America, Synovus, Citibank and JPMorgan.
  • At least $42 million went to four Miami LLCs—Soagu Services, Marmasch, Velp and Velpasalt—that list virtual offices, no employees and a common registered agent, hallmarks of shell entities.
  • About $109.9 million was transferred to Adcap Uruguay, which confirmed AFA and TourProdEnter as clients and said the flows ran through regulated investment vehicles.
  • TourProdEnter was created in 2021 and unanimously named AFA’s exclusive foreign commercial agent, with accounts in the name of Erica Gillette and producer Javier Faroni appearing as a signatory.
  • Argentine judge Marcelo Aguinsky is advancing a laundering probe linked to a Pilar property, U.S. authorities are examining related transfers following a formal complaint, and those tied to the firm have not offered substantive explanations beyond a general defense of legality.