"Lawyers are expected to make their submissions today at a bail hearing for an Ontario man accused of laundering hundreds of millions of dollars for an international drug smuggling ring. Rolan Sokolovski, a jeweller and former professional poker player, is seeking to be released ahead of his extradition hearing. Sokolovski is one of eight Canadians arrested in November as part of an ongoing investigation targeting fugitive Ryan Wedding, a former Team Canada snowboarder now allegedly running a billion-dollar drug trafficking network."
"U.S. authorities allege Sokolovski served as the de facto bank for the criminal enterprise, oversaw its bookkeeping and laundered drug money through his jewelry business, Diamond Tsar. In a letter last month, the U.S. Department of Justice alleged the 37-year-old has tens if not hundreds of millions of dollars' worth of cryptocurrency and physical assets at his disposal, and poses a flight risk as well as a danger to the public."
Rolan Sokolovski, a 37-year-old Toronto jeweller and former professional poker player, is accused of laundering hundreds of millions of dollars for an international drug smuggling ring. U.S. authorities allege he acted as the de facto bank for the enterprise, oversaw bookkeeping and laundered proceeds through his jewelry business, Diamond Tsar. The U.S. Department of Justice alleges he controls tens if not hundreds of millions of dollars' worth of cryptocurrency and physical assets and poses a flight risk and danger to the public. Eight Canadians were arrested in November in an investigation targeting fugitive Ryan Wedding, who allegedly runs a billion-dollar drug trafficking network that transported hundreds of kilograms of cocaine via Mexico and the U.S. Toronto prosecutors questioned Sokolovski about his finances and reviewed four proposed sureties whose identities are protected by a publication ban.
Read at www.cbc.ca
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