Last week, the Federal Bureau of Investigation (FBI) announced new charges against ex-Olympic snowboarder, Ryan Wedding, whom the bureau allege runs a transnational drug trafficking ring. The new charges are in connection to the death of a witness in the case, claiming that Wedding “placed the bounty on the victim’s head, with the erroneous belief that the victim’s death would result in the dismissal of criminal charges against him and his international drug trafficking ring.”
Two days after the new charges against Wedding were revealed, the FBI announced it had captured and arrested one of the ex-Olympian’s suspected accomplices. Rasheed Pascua Hossain, a 32-year-old from Vancouver, British Columbia, also known as “JP Morgan,” was arrested on Friday by the Royal Canadian Mounted Police and is now facing charges in the U.S. connected to money laundering and cocaine trafficking.
Photo: FBI
The FBI’s Most Wanted list now has a “captured” graphic next to its online poster for Hossain, that reads he “is wanted for his alleged involvement in money laundering facilitation for the Enterprise. On October 28, 2025, a federal arrest warrant was issued for Hossain in the United States District Court, Central District of California, Los Angeles, California, after he was charged with Conspiracy to Distribute and Possess with Intent to Distribute Cocaine; Conspiracy to Export Cocaine; and Conspiracy to Launder Monetary Instruments.”
In layman’s terms, investigators are accusing Hossain of laundering the money made in the transnational drug ring, however, federal court records have not been made available, nor has the FBI responded to media requests for more information.
U.S. Attorney General Pam Bondi said last week the enterprise is responsible for importing more than 60 tons of cocaine into Los Angeles each year, labeling it “one of the most prolific and violent drug-trafficking organizations in this world.” She also says the enterprise is currently the largest distributor of cocaine in Canada.
