Dec. 30 (UPI) -- A company that manages the international revenues of the Argentine soccer association, or AFA, is under investigation over an alleged diversion of funds generated by the commercial exploitation of the Argentina national team that could exceed $40 million.
The complaint was filed with the U.S. Attorney's Office for the Southern District of Florida and the Financial Crimes Enforcement Network, or FinCEN, under the authority of federal prosecutor Jason A. Reding Quiñones, Infobae reported.
An investigation by the Argentine daily La Nacion found the U.S.-based company TourProdEnter LLC, which holds the AFA's commercial rights abroad, accumulated more than $260 million over the past four years across four U.S. banks.
However, only part of those funds was used to cover the federation's activities inside and outside Argentina. At least $42 million is estimated to have ended up in four companies incorporated in the state of Florida that have no employees and no declared commercial activity.
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