Arrests made in the largest gold heist in Canada history
By Brandon Drenon
Canada police have made arrests and issued warrants for nine people in the largest gold theft in Canadian history.
More than 6,500 gold bars, weighing roughly 400kg (881lb), were stolen from a cargo facility at Toronto Pearson Airport, in April 2023, along with millions in cash.
The stolen gold was valued at C$20 million.
Police said the “Netflix-series”-style heist was executed by a “well-organised group of criminals”.
The investigation is ongoing.
The announcement Wednesday by the Canadian Peel Regional Police and the US Alcohol, Tobacco and Firearms Bureau came exactly one year after the massive gold heist, reportedly the sixth largest in the world.
The year-long investigation by US and Canada law enforcement, largely secret until Wednesday, was code-named Project 24K. It included dozens of search warrants and interviews.
So far, police have recovered C$90,000 worth of “pure gold” fashioned into six “crudely made” bracelets. They also seized smelting pots, casts and moulds, as well as C$430,000 in cash that police say is part of the ”profits the suspect made when they sold the gold”.
