On 27 May 2015, Figueredo was arrested in Switzerland as the result of an FBI investigation into corruption in FIFA. In addition, the FIFA Ethics Committee found Figueredo to be guilty of taking bribes in 2004 and 2015 in connection with trade agreements for South American tournaments. He was fined one million Swiss francs ($1 million). Both Uruguay and the United States sought his extradition. He agreed to be extradited to Uruguay and was sent there on 24 December 2015. Figueredo was kept under house arrest in Uruguay. He was released from house arrest in December 2017.