Latest news with #proceedsofcrime
CTV News
16-07-2025
- CTV News
Ont. police seize church silverware, gold bars, drugs and cash totalling $175K
Ontario Provincial Police seized seized cash, gold bars and stolen silverware along with suspected cocaine, heroin, hydromorphone and drug trafficking paraphernalia from a residence in Parry Sound, Ont., on July 15, 2025, during the execution of a warrant. (Supplied/Ontario Provincial Police) A 50-year-old Parry Sound man faces multiple drug and proceeds-of-crime charges after Ontario Provincial Police executed a search warrant at a Gibson Street residence on July 15. Officers with the OPP street crimes unit, along with members of the West Parry Sound detachment, seized cash and gold bars valued at more than $30,000 as well as suspected cocaine, heroin and hydromorphone with an estimated street value of $145,000. OPP - PS - SEIZURE - 2 Ontario Provincial Police seized seized cash and gold bars along with suspected cocaine, heroin, hydromorphone and drug trafficking paraphernalia from a residence in Parry Sound, Ont., on July 15, 2025, during the execution of a warrant. (Supplied/Ontario Provincial Police) Stolen church property recovered Police also located silverware stolen from Trinity Anglican Church in Parry Sound in February 2024. OPP - PS - SEIZURE - 3 Ontario Provincial Police seized recovered silverware stolen from Trinity Anglican Church in February 2024 from a residence in Parry Sound, Ont., on July 15, 2025, during the execution of a warrant. (Supplied/Ontario Provincial Police) Charges laid The accused faces eight counts of drug trafficking and three charges related to possession of proceeds of crime. The man is being held for bail and scheduled to appear in court on Wednesday. In a related social media post, OPP called the investigation a win for 'public safety.'
CTV News
16-07-2025
- CTV News
Parry Sound drug bust nets cash, gold, silverware and $145K in illicit substances
Ontario Provincial Police seized seized cash, gold bars and stolen silverware along with suspected cocaine, heroin, hydromorphone and drug trafficking paraphernalia from a residence in Parry Sound, Ont., on July 15, 2025, during the execution of a warrant. (Supplied/Ontario Provincial Police) A 50-year-old Parry Sound man faces multiple drug and proceeds-of-crime charges after Ontario Provincial Police executed a search warrant at a Gibson Street residence on July 15. Officers with the OPP street crimes unit, along with members of the West Parry Sound detachment, seized cash and gold bars valued at more than $30,000 as well as suspected cocaine, heroin and hydromorphone with an estimated street value of $145,000. OPP - PS - SEIZURE - 2 Ontario Provincial Police seized seized cash and gold bars along with suspected cocaine, heroin, hydromorphone and drug trafficking paraphernalia from a residence in Parry Sound, Ont., on July 15, 2025, during the execution of a warrant. (Supplied/Ontario Provincial Police) Stolen church property recovered Police also located silverware stolen from Trinity Anglican Church in Parry Sound in February 2024. OPP - PS - SEIZURE - 3 Ontario Provincial Police seized recovered silverware stolen from Trinity Anglican Church in February 2024 from a residence in Parry Sound, Ont., on July 15, 2025, during the execution of a warrant. (Supplied/Ontario Provincial Police) Charges laid The accused faces eight counts of drug trafficking and three charges related to possession of proceeds of crime. The man is being held for bail and scheduled to appear in court on Wednesday. In a related social media post, OPP called the investigation a win for 'public safety.'
CTV News
10-07-2025
- CTV News
Calgary man admitted to being ‘reckless in his knowledge' as he laundered $800K
The Calgary Courts Centre pictured in Calgary, Monday, May 6, 2024. THE CANADIAN PRESS/Jeff McIntosh A Calgary man targeted in a large-scale investigation into organized crime, drugs and money laundering has admitted to funnelling the better part of a million dollars. According to an agreed statement of facts put before a Calgary court this week, Talal Fouani used his business accounts to launder about $800,000. Fouani, along with his brother and sister, was arrested in December 2022 and charged with money laundering, possession of proceeds of crime and participation in a criminal organization. They were not the main targets of the investigation but were alleged to have criminal involvement with those individuals. In May 2023, Fouani pleaded guilty to money laundering, and the charges against his family members/business partners were withdrawn. In September 2024, proceedings against the main targets of the investigation were stayed. On Tuesday, the better part of a year after Fouani's guilty plea, the agreed statement of facts put before the court outlined what he admitted. Fouani admitted to moving $1.6 million in relation to a real estate deal involving one of the investigation's main targets between July 2020 and February 2021. Of that, he admitted $800,000 was laundered and likely ill-gotten. He said he was 'reckless in his knowledge that the cash was likely proceeds of crime.' Fouani will be back in court on Sept. 29 to set a date for sentencing. The sentencing date itself will likely land in October or November, the Crown has said. 2022 shooting in Evergreen In August 2022, Fouani and his wife, Nakita Baron, were shot while inside their vehicle in the driveway of their southwest Calgary home. Fouani suffered life-threatening injuries. Baron died in the attack. Police said at the time they believed the pair were targeted. Michael Tyrel Arnold, a Sherwood Park man, has been found guilty of second-degree murder for Baron's death and attempted murder for Fouani's shooting.
Irish Times
26-06-2025
- Irish Times
Assets linked to alleged Kinahan associate are proceeds of crime, High Court rules
The High Court has deemed assets belonging to an alleged Kinahan organised crime group associate to be the proceeds of crime. The Criminal Assets Bureau claims Ciaran O'Sullivan (50), who previously resided on Adelaide Road in Glenageary, Co Dublin, is known to multiple law enforcement agencies as a transnational drug trafficker for more than 20 years and has lived a lavish lifestyle despite having no legitimate source of income. The bureau cites Mr O'Sullivan's daughters' attendance at an exclusive Swiss finishing school, Surval Montreux, as an indicator of this lifestyle. On Wednesday, Jim Benson, for the bureau, sought orders related to assets linked to Mr O'Sullivan, which were seized during searches of properties connected to him in June 2020. READ MORE Among the assets seized were devices recovered during searches at his Glenageary address including iPhone 7s, Google Pixel phones and Samsung tablets. It is the bureau's case that Mr O'Sullivan was involved in the supply of EncroChat devices and that these devices were held by Mr O'Sullivan to this end. EncroChat is a now-defunct encrypted messaging service favoured by those involved in organised crime. Other items seized included luxury watches, a Louis Vuitton briefcase, €3,060 in cash and a gold bullion coin. Mr Justice Alexander Owens said he was satisfied these assets were the proceeds of crime, granting the orders sought by the bureau under the Proceeds of Crime Act 1996. The judge refused to make an order sought in relation to €16,350 held in a bank account held under Mr O'Sullivan's aunt's name. The court heard evidence that this account was used to pay for Mr O'Sullivan's daughters' Swiss school fees. Mr Justice Owens said the net effect of granting orders sought relating to the bank account would be to take money from the pension of an elderly woman and this would be 'unfair'. In making his orders, Mr Justice Owens noted evidence submitted on Mr O'Sullivan's connections to a Chinese money-laundering gang, who have provided services to the Kinahan organised crime group. In the 2000s, Mr O'Sullivan was targeted and arrested in joint Irish and Dutch police operations focusing on the activities of the Kinahan organised crime group, the bureau allege. Mr O'Sullivan has not lived in Ireland for some time, the court heard. He has no criminal convictions in Ireland, but was convicted of two separate drug-related offences in Spain and the Netherlands.
BreakingNews.ie
26-06-2025
- BreakingNews.ie
Assets linked to alleged Kinahan associate deemed proceeds of crime by High Court
Assets belonging to an alleged Kinahan organised crime group associate who once resided in an affluent south Dublin suburb have been deemed by the High Court to be the proceeds of crime. The Criminal Assets Bureau claim Ciaran O'Sullivan (50), who previously resided on Adelaide Road in Glenageary, is known to multiple law enforcement agencies as a transnational drug trafficker for over 20 years, and has lived a lavish lifestyle despite having no legitimate source of income. Advertisement The bureau cites Mr O'Sullivan's daughters' attendance at an exclusive Swiss finishing school, Surval Montreux, as an indicator of this lifestyle. On Wednesday, barrister Jim Benson, for the bureau, sought orders related to assets linked to Mr O'Sullivan, which were seized during searches of properties connected to him in June 2020. Among the assets seized were various devices recovered during his Glenageary address, including iPhones, Google Pixel phones and Samsung tablets. It is the bureau's case that Mr O'Sullivan was involved in the supply of EncroChat devices, and that these devices were held by Mr O'Sullivan to this end. Advertisement EncroChat is a now-defunct encrypted messaging service favoured by those involved in organised crime. Other items seized included luxury watches, a Louis Vuitton briefcase, €3,060 cash and a gold bullion cold. Mr Justice Alexander Owens said he was satisfied these assets were the proceeds of crime, granting the orders sought by the bureau under section 3 of the Proceeds of Crime Act 1996. The judge refused to make the order sought in relation to €16,350 held in a bank account held under Mr O'Sullivan's aunt's name. Advertisement The court heard evidence that this account was used to pay for Mr O'Sullivan's daughter's Swiss school fees. Ireland Members of Kinahan crime gang should be 'very worr... Read More Mr Justice Owens said the net effect of granting orders sought relating to the bank account would be to take money from the pension of an elderly woman, and that this would be 'unfair'. In making his orders, Mr Justice Owens noted evidence submitted on Mr O'Sullivan's connections to a Chinese money laundering gang, who have provided services to the Kinahan organised crime group. In the 2000s, Mr O'Sullivan was targeted and arrested in joint Irish and Dutch police operations focusing on the activities of the Kinahan organised crime group, the bureau allege. Mr O'Sullivan has not lived in Ireland for some time, the court heard. He has no criminal convictions in Ireland, but was convicted of two separate drug related offences in Spain and the Netherlands.
