DUI Arrest Nabs 12 Others, Including Mob Boss Tied to Global Fraud Scheme

Written by:
Guest
Published on:
Sep/21/2017

The DUI arrest of a Toronto man has ultimately led to the detention of twelve others in what Canadian authorities are calling a “high value fraud ring”.  

Ajex resident Giuseppe Gatti, 48, was arrested for driving while impaired back in 2015.  Officers at the time found that Gatti was in possession of thousands of dollars in cash and credit cards that bore other people’s names.

Ultimately, Cosimo Commisso was charged with possession of the proceeds of a crime tied to the fraud ring following an extensive tracing of bank accounts.

The 72-year-old Commisso, who resides outside of Toronto, is a known mob boss.  Authorities claim he was not the ring leader of the fraud scheme, which allegedly bilked banks out of $11.5 million.  

In a 2004 court affidavit Commisso was described as "one of the heads of traditional organized crime in Toronto," with the RCMP saying it had "targeted Cosimo Commisso and his group for their involvement in murder, extortion, drug trafficking, gambling and fraud."

Despite these claims, Commisso was never charged with any wrongdoing in that case.

For his part, Commisso has long asserted he has no ties to organized crime.

"I have a criminal record," Commisso said in a rare on-the-record interview with journalists from the fifth estate and the Star. "But what makes you think I'm organized crime? What is organized crime?"

- Jagajeet Chiba, Gambling911.com

Gambling News

Do Not Disturb: Caesar's Still to Enter Guest Rooms Every 24 Hours

Forget sleeping in late or enjoying some peaceful time in your hotel room... at least if you plan on staying at a Caesars Entertainment property.

William Hill Set to Return to Profit Following Online Overhaul

William Hill Set to Return to Profit Following Online Overhaul

The online bookmaker William Hill has improved some of its website features and anticipates a return back into the black as a result.

Bitcoin Goes Nuclear Presidents Day Weekend Trading To $11,000 Mark

Bitcoin Goes Nuclear Presidents Day Weekend Trading To $11,000 Mark

The recent price fluctuations in the Bitcoin Price Index has been a wild ride in recent months. New lows signaled a possible bear market, while renewed hopes of a long-term bullish run have resurfaced in recent trading activity.

Malta Looks to Root Out Italian Mafia Influence in Online Gambling

Malta Looks to Root Out Italian Mafia Influence in Online Gambling

The Government of Malta is looking to aggressively pursuit online gambling companies it deems to have ties to Italy's Mafia.

No More 'Bet Now' as Advertising Standards Authority Hands Out Fines

The Advertising Standards Authority (ASA) has made it clear it will no longer permit such "impulse" terms in ads from online gambling firms that include the likes of "Bet Now" while requiring operators to make material terms and conditions attached to free bets or bonuses clearly visible to the consumer.

Syndicate