The ruling against Vallejo
Federal judge Juan Tomás Rodríguez Ponte indicted Maximiliano Ariel Vallejo, owner of Sur Finanzas and a figure described as close to the president of the Argentine Football Association, as the alleged head of an illicit association. The ruling also charges him as a co-author of aggravated money laundering, tax evasion and unlawful use of social security resources. The judge converted his detention into preventive prison to be served under house arrest, monitored by an electronic bracelet, and imposed a freeze on his assets worth 40 billion pesos.[S1][S2][S3]
The same resolution covers 17 other people and nine companies tied to the group. Combined, the asset freezes ordered against the defendants and the firms reach 215.9 billion pesos. As part of the property measures, the court ordered the seizure for eventual confiscation of 24 vehicles and preventive freezes on another 35 vehicles and 13 real estate properties.[S1]
How the alleged scheme worked
According to the investigation, an organization operated between September 2020 and December 2025 and used roughly 15 companies to bring into the formal economy profits from currency operations carried out outside the rules. Those funds were then allegedly directed into the purchase of real estate, vehicles and shareholdings. One of the main channels is said to have been Sur Finanzas PSP SA, the group's virtual wallet: a single one of its bank accounts received about 1.73 trillion pesos between January 2024 and October 2025, the resolution states.[S1]
Investigators identified users without the economic capacity to justify such movements and accounts held in the names of third parties through which sums above 1 billion pesos passed, and in one case above 39 billion pesos. Among the properties listed are a house in a gated community in Canning valued at 500,000 dollars, six units in a building in Adrogué worth 600,000 dollars and a plot in Fincas de San Vicente at 400,000 dollars. The file also mentions a Ferrari California used by Vallejo, sold a few days after the raids of 1 December 2025 to a retired woman whose income did not match the price of the transaction.[S1]
The other defendants and the next steps
Among those indicted are Graciela Beatriz Vallejo, the financier's mother; María Fernanda and Bárbara Denise Sena Argis; Silvia Torrado; Maite Sofía Lorenzo, Vallejo's partner; and the accountant Gerardo Salvador Carrozza. They face charges as members of the illicit association and for aggravated money laundering, and depending on each case also for tax evasion. Those who held management or administrative posts in the companies were barred from contacting witnesses and employees and ordered to report periodically to the Federal Police.[S1]
Another seven members of the structure were indicted as part of the illicit association, four of them also for involvement in money laundering. An employee was charged as a secondary participant in that crime, and three others for aggravated concealment, accused of destroying records and equipment after the raids. Nine companies linked to the group were indicted as well. The investigation continues in order to establish other possible origins of the funds and further operations connected to the group.[S1]
