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6h ago

AFA Money Flows Under New Scrutiny as Records Show $109 Million Routed via Uruguay and Payments to U.S. Shells

Prosecutors in Argentina have moved to add the transfers and Javier Faroni to a widening investigation.

Javier Faroni, en el allanamiento del martes pasado a su domicilio.
El Chiqui Tapia, con Lionel Messi, en una foto que hasta hace unos meses era habitual
W Trading LLC, la sociedad “pantalla” de la AFA en EE.UU
Matías Esteban Fernández

Overview

  • Newly disclosed bank and corporate records track TourProdEnter’s transfers, prompting cross‑border scrutiny that includes U.S. transaction data.
  • TourProdEnter sent $109 million to Adcap Securities Uruguay; the broker says it bought instruments and forwarded the full amount to AFA accounts in Argentina.
  • Records show segmented six‑figure payments to U.S. firms with scant activity, including $2.3 million to W Trading LLC, which used a Miami virtual‑office address.
  • Additional filings detail 17 monthly transfers totaling $340,000 from TourProdEnter to Alejandro E. Almaraz, linked to a confidant of AFA president Claudio Tapia.
  • The AFA issued a statement defending its contract model and the 30% agent commission, asserting the association now retains about 70% of commercial income.