Canada: Roncesvalles restaurateur may have been killed over associates’ cocaine debt to Mexican cartel, sources say - PressFrom - Canada
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CanadaRoncesvalles restaurateur may have been killed over associates’ cocaine debt to Mexican cartel, sources say

16:42  20 august  2019
16:42  20 august  2019 Source:   thestar.com

Homicide victim in Roncesvalles drive-by was associate of Montreal mob boss, police sources say

Homicide victim in Roncesvalles drive-by was associate of Montreal mob boss, police sources say A restaurant owner shot to death Friday afternoon in front of the wine bar he ran in the Roncesvalles neighbourhood was an associate of Montreal mob boss Vito Rizzuto, according to multiple police sources. 

Sources say a -million debt over that shipment is unpaid. A Roncesvalles wine bar owner may have been shot dead Friday afternoon because his associates had an outstanding -million debt to a Mexican drug cartel , police and underworld sources say .

Moving cocaine is a capital-intensive business, but the cartel subsidizes these investments with a ready source of easy income: marijuana. Cannabis is often described as the “cash crop” of Mexican cartels because it grows abundantly in the Sierras and requires no processing.

Roncesvalles restaurateur may have been killed over associates’ cocaine debt to Mexican cartel, sources say© Provided by Toronto Star Newspapers Limited Paola Caputo, 64.

A Roncesvalles wine bar owner may have been shot dead Friday afternoon because his associates had an outstanding $5-million debt to a Mexican drug cartel, police and underworld sources say.

Paolo Caputo, 64, of Richmond Hill, was killed in a targeted shooting in front of Domani Restaurant, on Roncesvalles Ave. near Grenadier Rd., shortly after 4 p.m. on Friday.

The suspected gunman fled in a waiting SUV, police say.

Roncesvalles restaurateur may have been killed over associates’ cocaine debt to Mexican cartel, sources say© Steve Russell Toronto police investigate the death of Paolo Caputo outside his Roncesvalles Ave. restaurant on Friday.

Witnesses reported the sound of two gunshots. A gun was found at the scene.

Slain restaurant owner with link to Montreal mob boss was trying to sell his Roncesvalles business

Slain restaurant owner with link to Montreal mob boss was trying to sell his Roncesvalles business A Roncesvalles restaurant owner was trying to sell his business when he was shot to death Friday afternoon in a targeted attack. Paolo Caputo, 64, of Richmond Hill, had listed Domani Restaurant, at 335 Roncesvalles Ave., near Grenadier Rd., for $249,000, according to an online listing. 

“We may be witnessing the occurrence of a singularity in narco-geopolitical events,” Robert Bunker, an expert on Latin America at the Strategic Studies Historically, “the Colombian cartels were the undisputed lords of cocaine while the Mexican cartels were , for the most part, their minor partners

It is believed they were killed over a 0,000 debt owed to another drug trafficking faction in Atlanta. The spread of the Mexican cartels , longtime distributors of marijuana, has coincided with their taking over cocaine distribution from Colombian cartels . Those cartels suffered setbacks when American

Multiple sources said that Caputo may have been targeted for murder over a drug debt owed by his associates to a Mexican drug cartel active in the GTA.

The debt stems from a massive drug rip-off connected to the June 2012 murder of John Raposo, 35, of Toronto, who was shot dead while watching Euro Cup soccer on TV on a crowded patio at the Sicilian Sidewalk Café on College St. in 2012, the sources say

Caputo’s brother, Martino Caputo, is serving a life sentence as one of four men convicted of first-degree murder in the Raposo shooting.

At their trial, prosecutors said Raposo was shot to death at close range in a plot to steal his share of a 200 kilogram cocaine shipment.

According to police and underworld sources, the Mexican cartel that fronted the drugs to Raposo, Martino Caputo and others was never fully paid and had become frustrated with repeated attempts to collect.

Millennials top boomers in debt while Gen X still owe the most: TransUnion

Millennials top boomers in debt while Gen X still owe the most: TransUnion TORONTO — TransUnion says a spike in borrowing over the past year has led millennials to overtake boomers in total debt holdings as part of a generational shift. The credit reporting agency says total millennial debt was up by 12.3 per cent at mid-year compared with a year ago to hit $515.9 billion, just ahead of the $514.3 billion owed by boomers but still behind the $767.4 billion held by Gen X. Younger borrowers helped push overall consumer debt up 4.3 per cent at the end of the second quarter compared with last year to $1.88 trillion, while debt held by boomers declined. The rising debt loads came even as lenders issued 8.

Mexican authorities have been waging a war against drug trafficking organizations for more than a decade Mexican suppliers are responsible for most heroin and methamphetamine production, while cocaine Mexico ’s drug cartels are in a constant state of flux. Over the decades, they have grown

In April 1986, Associated Press reported on an FBI probe into Contra cocaine trafficking. According to the report, "Twelve American, Nicaraguan and Cuban-American rebel backers interviewed by The Associated Press said they had been questioned over the past several months

Raposo was shot to death by Dean Wiwchar, a former Stouffville resident who was working for a criminal group called the Wolfpack Alliance.

Wiwchar was also convicted of first-degree murder in the Raposo murder, as was Nicola Nero, of Niagara-on-the-Lake, and Rabih (Bobby) Alkhalil, of Montreal.

A police source compared Paolo Caputo’s murder to the 1991 slaying of Thornhill resident Giovanni Costa, 38, who was shot to death on Draper Blvd., in the area of Dufferin and Centre Sts.

Costa was not a criminal, but he was killed to punish family members who were involved in an ongoing feud between criminal, groups in Canada and Italy, court later heard.

Paolo Caputo was a gambler who often hosted Montreal Mafia boss Vito Rizzuto at his now-closed Forest Hill restaurant, police and underworld sources said. He was also involved in poker games that funnelled money to the Rizzuto organization, police said.

Torontonians taking on debt at fastest rate in Canada

Torontonians taking on debt at fastest rate in Canada It’s probably not a surprise that Torontonians have a lot of mortgage debt, given the price of housing in the city. But residents are also racking up nonmortgage debt — including auto loans, credit card debt and home equity lines of credit — at a rate faster than in any other Canadian city. Credit agency TransUnion said in a report Wednesday that the amount of nonmortgage debt held by Toronto consumers rose to $30,696 as of mid-year — a 5.49 per cent annual jump. Hamilton’s annual nonmortgage debt growth rate came in second among 11 leading urban centres at 4.20 per cent, rising to $27,212 in the second quarter.

Anyone who crossed Escobar, even fellow cartel members, was killed by his legion of sicarios Although it meant handing over “a very sizeable share of their income” in bribes, Heymann says , it Mexican powers like the Sinaloa Cartel became specialists in moving cocaine into the U.S. by land.

Another new source of cartel revenue is oil theft, long a problem for the Mexican government. This is not to say that drug legalization shouldn’t be considered for other reasons. We need to stop viewing casual users as criminals, and we need to treat addicts as people with health and emotional problems.

Rizzuto, considered Canada’s top Mafia boss, died suddenly of natural causes in December 2013.

Paolo Caputo’s younger brother Martino was considered by police and underworld sources to be far more active and tightly tied to the Rizzuto organization.

At the time of his murder, Paolo Caputo was trying to sell his wine bar for $249,000, according to an online listing.

The listing states the property is fully air-conditioned and 3,486 square feet.

“Renovated restaurant located in Roncesvalles Village,” the listing reads. “Totally turn key with a full kitchen and walk-in cooler. Currently serving Italian cuisine. Can easily convert to any cuisine.”

Police describe Paolo Caputo’s killer as a thin male with a fair complexion and five-foot-eleven to six-foot-two. He fled west on Constance St. in a white, four-door SUV, which was driven by someone else, police say.

Paolo Caputo was arrested in November 2007 with dozens of other men after police raided what they called a high stakes poker game held behind locked doors at a social club on Finch Ave. W. near Dufferin St.

The OPP organized crime unit estimated that operation grossed more than $1 million yearly, and that it funnelled funds to Rizzuto.

Peter Edwards is a Toronto-based reporter primarily covering crime. Reach him by email at [email protected]

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