He was found guilty of mishandling armed clashes over a land eviction in which 17 police and farmers were killed.
Venezuela had lost all 18 of their previous matches against Argentina.
The Liverpool attacker paved the way for Uruguay's 3-0 victory over Paraguay by scoring the opening goal.
Diego Forlan scored twice for Uruguay as they beat Paraguay 3-0 to be crowned South American champions for the 15th time.
Uruguay have won their first Copa America since 1995 after a comprehensive 3-0 win.
Uruguay have a chance to go one better than rivals Argentina as far as Copa titles are concerned.
Paraguay and Venezuela were involved in a brawl at the end of their semifinal and have been fined $10,000 each.
Paraguay will take on Uruguay in the final on Sunday.
Brazil missed all four of their penalties in a shoot-out as Paraguay clinched a place in the semi-finals.
Guinness representative confirmed yesterday that the Paraguay sausage broke the previous record of 150 meters.
Brazil faces Paraguay in the quarterfinals of the Copa America on Sunday.
Venezuela rallied for a 3-3 draw in a thrilling Group B encounter.
Brazil seemed headed for defeat until Fred found the net in the 89th minute.
Sunday's other Group B match between Ecuador and Paraguay also ended in a 0-0 draw.
Meanwhile, Paraguay and Greece drew with Bolivia and Ecuador respectively.
In a series of friendlies, Japan beat Paraguay, while Colombia brushed aside Venezuela.
Cardozo had the opportunity to give Paraguay the lead, but his spot kick was saved by goalkeeper Iker Casillas.
Goalkeeper Iker Casillas credited his backup Reina for the penalty save that enabled Spain to beat Paraguay.
Spanish coach Vicente del Bosque breathed a sigh of relief after a late David Villa goal helped Spain overcome Paraguay.
The striker's tournament-high fifth goal sets up a semifinal against Germany in Durban on Wednesday.