York Regional Police revealed details on the massive bust of a traditional organized crime network that netted more than $35 million in cash and assets.
A crime family known as the Figliomeni’s have been operating for more than three decades in Italy, Vaughan and across the GTA laundering millions of dollars.
“We needed to focus on taking down the criminal organization by attacking the finances, the laundering of dirty money and large profits from proceeds of crime that have built these organizations over decades and allowed them to thrive,” said Police Chief Eric Jolliffe at a news conference in Aurora on Thursday.
Jolliffe said York police had detected a spike in violent crime targeting both people and property in 2017 and that the violence was associated through traditional organized crime which included murder, drive-by shootings and arsons.
York police created a permanent organized task force in an 18-month project called “Project Sindacato.”
Last weekend, over the course of three days, police executed 48 search warrants on businesses, cafes and residences in Vaughan and the GTA.
Nine arrests were made, including the major players of the crime group and its boss, Angelo Figliomeni.
Police said 27 homes were seized, worth approximately $24-million.
High-end cars were also seized, including five Ferraris, one along worth $880,000 for a total of $3.5-million.