Thursday, September 29, 2022

Alberta cops seize over $55M in drugs, arsenal of weapons

Alberta cops seized an estimated $55m in drugs through a cross-border investigation. Project Cobra began in 2020 and was a joint effort between the Alberta Law Enforcement Response Teams (ALERT), RCMP and the DEA. 928 kilograms of methamphetamine and 6 kilograms of cocaine were seized as a result of the nearly three-year investigation. An estimated $7m worth of assets were seized or placed under criminal restraint, including 11 vehicles and two mansions. Nineteen firearms were seized, including handguns, rifles, submachine guns and suppressors. Ricco King, 50, is facing five charges.

15 people and one business (Fouani Equity Funds Ltd.) have been charged with 80 criminal offences.
King is the alleged leader of the group. He is facing a charge of drug trafficking, three counts of participating in a criminal organization and two counts of laundering proceeds of a crime. King was previously charged with attempting to import cocaine in 2016. HERE. Those charges were stayed due to unreasonable delay.
Among those charged is Talal Fouani, 46. In August, Fouani and his wife were shot in his Bentley outside their southwest Calgary home. Fouani survived, but his wife, Nakita Baron, 31, did not.