I just watched some videos circulating about how the money moved within the AFA, and honestly, it’s like a movie. The records show a quite sophisticated circuit: money leaving financial firms in the Buenos Aires financial district, passing through intermediate offices, and ending up in private residences. Everything documented, everything recorded.



The most striking thing is that the protagonists filmed every step. Juan Pablo Beacon, who worked with Treasurer Pablo Toviggino, recorded videos counting stacks of $10,000 bills. In one of them, he says, “This is what was delivered today, May 20th, 115,600.” Nearly ten minutes of footage showing the counting, certifying amounts. It seemed like a mechanism to prevent someone from diverting money along the way, but it ended up being proof of everything.

The route was clear: Avenida Corrientes ( had at least two points at 327 and 456), then a stop at Lavalle 1718 where Beacon and Cristian Brian Prendes worked. From there, the packages were sent to other destinations. The money traveled in wine boxes, bags, backpacks. Bills in Argentine pesos, dollars, whatever it was. A source familiar with the operation confirmed that wine boxes helped pass unnoticed on the street.

In a week of May 2021, they moved over $800,000. Beacon kept detailed notes: “Balance as of 5/16: 235K. Income on 5/17 and 5/18: 598 $100 92% of 650K(.” That means that out of every $650,000 coming in, an 8% commission was kept for the “caves” in the city. The numbers were precise, almost accounting-like.

What’s interesting is that this wasn’t isolated. Records with photos and videos date back at least to 2021 and continued into 2022. A photo from November 2021 shows a backpack with stacks of $50,000 inside. The message received that day: between 1:30 PM and 2:30 PM, “870” )probably 870 thousand dollars( would arrive. The “suitcase carrier” was ordered to guard it until delivery the next day in Montevideo.

After a robbery in April 2021 in Recoleta, where Beacon and another associate lost money, distrust grew. That’s when they started recording and documenting everything more systematically. Recomi SA, a company where Beacon became the main beneficiary in June 2022, issued invoices to the AFA for “consulting services”: 544,500 pesos in August, the same amount in September.

What’s surprising is that all this happened in broad daylight, in very busy areas of Buenos Aires. Lavalle is less than 100 meters from Callao, three blocks from Córdoba. Prendes received the packages on the street after verifying identities. According to his associates later, he was just following orders from Beacon, whom he had been following since Viedma. “I chose the wrong boss,” he even said.

The operation coinc
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin