“Vallejo always said that Elías (Piccirillo) taught him everything”says a former employee who knows Sur Finanzas company inside and out. The connection between the financiers was no longer a secret. “They were the kings of blue in the age of stocks,” they repeated around town. Only one test was missing. The novelty appeared in a money laundering case Elias Piccirillo And Francisco Hauquethe protagonists of a battle that ended in the worst possible way. The judiciary found that several checks were written Picciril was eventually deposited with Sur Finances. That investigation led to an operation at the financial company’s headquarters last Friday. It’s the third in less than two weeks. Vallejo handed over the documents and remained silent.
The trail of checks appeared in a recent case against Piccirillo and Hauque uncovered by LA NACION three months ago, a sort of derivative of the scandal that landed them in prison at different times. This whole discussion had started with a million dollars in debt: $6 million.. To “forgive” this debt, Piccirillo handed over forty checks.
Banco Supervielle had already responded to this only five of the forty checks were presented for collection on January 15th this year. He did it at the judge’s request Maria Eugenia Capuchettiwhich investigates the origin of the money.
The other checks were never cashed and the dispute between the financiers escalated until the Duhau Palace incident: Piccirillo was accused of putting more than a kilo of cocaine in the trunk of Hauque’s truck and ended up in Ezeiza prison for almost eight months.
Investigators targeted the control route and new data came to light. Now Banco Hipotecario announced that five more checks (83614162, 83614163, 83614164, 83614165 and 83614166) They were deposited into a Neblockchain SA checking account on January 14thformer name of Sur Finanzas PSP, although they were later declined.
“As can be seen from the pictures on the posters, All of them bear the seal of the company Sur Finanzas PSP SA with CUIT 30-71607923-2, identification belonging to the company NEBLOCKCHAIN SA,” explained prosecutor Gerardo Pollicita last week when requesting a new set of testing measures.
One of these measures was a production warrant that could be converted into a search at the Sur Finanzas headquarters in the center of Adrogué if anyone resisted. The operation carried out by the gendarmerie was carried out last Friday. The same place had already been searched in the Andis case and was searched again this Monday by order of Judge Luis Armella in a case against the Banfield club.
During last Friday’s operation, the gendarmes were ordered to take with them all documents proving the attempt to cash these five checks. AND confirm whether Piccirillo and Hauque were clients of Sur Finanzas. The company responded in writing that at least both financiers do not appear as direct customers in its records. But he provided three folders related to the maneuver: one from Milton Ledesma, another from Smart Farm SA and a third from Main Gain SA. According to business documents, the two companies have equal authority.
How did Piccirillo’s checks get to Vallejo’s company? “Hauque changed them at a money table in Puerto Madero and they ended up in Sur Finanzas,” said a source who claims to know the plot. The files of two companies and a person named in the file would have been used to deposit the checks.
Although it is still a long way off, this is the first judicial connection of the “Kings of Blue”.
At least four sources consulted by LA NACION in recent weeks claim that Piccirillo and Vallejo knew each other and carried out dozens of operations on each other. Some of these sources even claim that “chapas” were exchanged, as exchange offices are called in technical jargon. “The dollars always left a financial institution and then began to circulate through a chain of exchange offices. The last agency that sold to an out-of-market client had to go out of business in just two weeks because it couldn’t justify the numbers.“said a financier who claims to have left this circle in time.
These agencies sold between $100,000 and $1 million. “They busted them within two weeks, but the profit was much greater,” points out the same source.
Judge Capuchetti and public prosecutor Pollicita are also investigating who is behind the company Build 11 SA. With this signature, Piccirillo issued the forty checks with which he intended to “forgive” the debt to Hauque. So far, the judiciary has been able to establish that the mysterious construction company had opened three accounts at Banco Supervielle since 2023. All were closed in January this year at the request of the central bank.
They are also examined in this file, which could be crucial to know the political contacts surrounding Piccirillo and his ties to the BCRA. Arg Exchange, Xinergias, Valle Fertil and Coinx World SAthe crypto company that President Javier Milei promoted as deputy. “I had the pleasure of visiting the offices of CoinX World and its team. They are revolutionizing the way of investing to help Argentines escape inflation,” he published in 2021.
Arg Exchange, an exchange office owned by Piccirillo and his friend Martín Migueles, is also being investigated by the Central Bank. This company’s movements show that it was activated in 2023. Between January and December this year, it bought more than $250 million from various companies and sold a similar amount. The exact number was between January 26th and December 19th $251,933,029, according to the records retrieved THE NATION. This means a purchasing quota of $768,000 per day.
BCRT Non-Financial Entities Supervision Management concluded last June that Arg Exchange “conducted an activity that was not permitted.” The resolution states that these operations were carried out “through the acquisition of foreign exchange at official values intended to supply the parallel market“ and adds that “the origin of the funds is not considered to be sufficiently substantiated.”
The investigation into this company is one of the many summaries that the Blue Dollar operation has launched. There are dozens of similar investigations in the BCRA. It’s about a puzzle Various exchange offices that are connected to the alleged “Kings of Blue” meet here.
From this million-dollar business they went into a completely different reality. Piccirillo is under house arrest at an apartment in Banfield. And the owner of Sur Finanzas is trying to avoid the tangle of legal cases in which he is mentioned. The main complaint was filed by the Directorate General of Taxes (DGI) regarding a money laundering maneuver. $818 billion. There would also be evasive maneuvers. The link to the football clubs appears in this file. The company has so far only issued a statement in which it spoke of “baseless allegations”.
With $660 million, San Lorenzo leads the transfer rankings. They appear too Racing Club ($100,005,990), Argentinos Juniors ($200 million) and several Ascenso clubs like Temperley, Los Andes, Hikers, Deportivo Morón and Defenders of Glew. Many of these clubs received donations from Sur Finanzas to appear on the jerseys.
The information so far seems to be crossed. LA NACION revealed that Sur Finanzas gave the clubs loans, sponsored T-shirts and even proposed the money for television rights.
Vallejo also has a file in the Economic Crimes Court for a modification case called “Concordia Investment Center,” a 2021 BCRA complaint investigating a general operation, and another file in the Federal Court María Servini that is so far less well known.
This concern is also key to deepening the bond between Vallejo and Piccirillo, better known in the city as “The Man in Black” (HDN). According to LA NACION, the purchase of dollars “through the use of money of possibly illegal origin and its subsequent commercialization or introduction into the market” is being investigated. The operation was carried out by Arg Exchange, Piccirillo and Migueles’ exchange house. Between October 3rd and 10th, 2023A few days before the first round of presidential elections, the agency purchased $67,900,000 through Banco Sucrédito, where Piccirillo worked. Almost 50 million was then withdrawn in cash.
The blue plot focuses again on the same protagonists.