Overview

• On July 8, 2025, Talal Fouani agreed to an agreed statement of facts formally admitting he laundered about $800,000 in cash for a cross-border drug trafficking syndicate.
• Justice Greg Stirling scheduled Fouani’s sentencing for fall 2025 and directed preparation of a pre-sentence report plus a forensic psychological evaluation.
• Fouani’s admission resolves a two-year dispute over the factual basis of his March 2023 guilty plea for laundering portions of roughly $1.6 million funneled between July 2020 and February 2021.
• The laundering was linked to Project Cobra, an ALERT investigation that uncovered over 800 kilograms of methamphetamine and cocaine tied to a cartel-linked network.
• Charges against five main co-accused, including Ricco King and Elias Ade, have been stayed since September 2024 due to Federal Court delays and Charter unreasonable-trial-time rulings.