Rolan Sokolovski faces two portrayals in Ryan Wedding bail hearing

U.S. prosecutors allege Rolan Sokolovski laundered funds for Ryan Wedding and controls substantial assets, while in Toronto he presented tax filings showing little declared personal income; his bail hearing in Ontario Superior Court is ongoing.

U.S. prosecutors allege Toronto jeweller Rolan Sokolovski laundered money for an international drug trafficking network linked to Ryan Wedding and that he controls substantial cryptocurrency and physical assets. In Toronto bail court this week, Sokolovski offered tax records and business filings that show minimal declared personal income from his jewellery business. He faces extradition to the United States on money‑laundering charges and is contesting release conditions in Ontario Superior Court. The hearing is ongoing. Key facts: - Prosecutors allege Sokolovski acted as a de facto bank for the alleged drug network and reference encrypted communications, witness testimony and traced cryptocurrency transactions as the basis for their account (as reported). - Sokolovski presented tax filings showing high reported sales for his jewellery business but little declared profit and little or no personal income in recent years. - For release, Sokolovski has proposed a $2-million surety and conditions including house arrest, GPS monitoring and surrender of his passport. - The bail hearing is continuing in Ontario Superior Court, with the next scheduled court day reported as Wednesday. Summary: Officials present contrasting versions of Sokolovski's finances and role: U.S. prosecutors describe him as a financial operator for the alleged network, while defence filings and tax records portray limited declared income from his jewellery business. The matter is being heard in Ontario Superior Court and the hearing will continue at the next scheduled session on Wednesday.