15,000 Kilos of Cocaine, Worth Up to $750 Million, Seized at Philadelphia Shipping Yard, Sources Say
Source: NBC10 Philly
Shipping containers full of illegal drugs have been found and seized by federal authorities at a Philadelphia port, multiple law enforcement sources tell NBC10.
A senior law enforcement official said 15,000 kilos of cocaine has been seized from seven containers, which were found aboard a cargo ship, the MSC Gayane, that previously traveled from Chile, Panama and the Bahamas.
$77M in Coke Seized at NJ Port in Biggest Bust This Century
The bust occurred at the Packer Avenue Marine Terminal Port on the Delaware River in South Philadelphia, multiple local, state and federal law enforcement sources have told NBC10.
The massive cache of drugs could have a street value between $350 million and $750 million at $25,000-50,000 per kilo, sources said.
</snip>
Read more: https://www.nbcphiladelphia.com/news/local/Massive-Drug-Cache-Seized-at-Philadelphia-Shipping-Yard-Sources-Say-511455802.html
Holy shit! $750 Mil?? Is this the biggest coke bust ever??
Pachamama
(16,887 posts)Wall cant stop this...
Dennis Donovan
(18,770 posts)Eugene
(61,919 posts)Terrorist incident happens in the UK? We need a wall!
Huge drug bust at a port of entry? We need a wall!
The real question is how soon we see a Trump fear-mongering tweet trying to exploit this?
iscooterliberally
(2,861 posts)I'm sure that would stop a whole lot of people dead in their tracks.
eggplant
(3,912 posts)iluvtennis
(19,864 posts)TheFarseer
(9,323 posts)Kid Berwyn
(14,933 posts)ProudLib72
(17,984 posts)The largest truck in their fleet. Rented at tax payers' expense no less.
mahatmakanejeeves
(57,545 posts)IronLionZion
(45,474 posts)in fact, build a dome around the whole US, to block out planes too
George II
(67,782 posts)FakeNoose
(32,680 posts)Huh!
MineralMan
(146,320 posts)"President Trump called for a 1 Kilo sample of the cocaine for thorough testing at the White House."
jaysunb
(11,856 posts)Leghorn21
(13,525 posts)KY_EnviroGuy
(14,493 posts)529,000 ounces, or...
15 Billion milligrams.
A bunch of drug lords are very unhappy.......
LittleGirl
(8,287 posts)cannabis_flower
(3,764 posts)Of the current price of cocaine? Law enforcement is notorious about overestimating the value of drugs it seizes. I did the math and that's about $500,000 per kill. Does that pass the smell test?
EX500rider
(10,849 posts).....makes a much bigger number.
I do know date of mine got a g for $3US in a bar in Colombia about a year ago so estimated value would be far cheaper there..lol.
htuttle
(23,738 posts)Google says the current price of an 8 ball is anywhere from $60-$80.
Splitting the difference means it's worth $85,714,230, or so.
sir pball
(4,756 posts)I've never used myself, but working in kitchens you pretty much can't avoid it...last people I was close enough with to talk prices were paying $50-60 a gram a few years ago; an 8ball is 1/8 ounce, 3.5 gram's - usually goes for 3x the gram price, small bulk savings. $50 a gram works out to 15500kg x 1000g/kg x $50/gm = $775,000,000.
matt819
(10,749 posts)I assume this means we have to put a wall around South Philadelphia.
Or is the all just to keep people out. Drugs okay? Hey, if only this were 15,000 kilos of oxycontin, the owners could claim to be legitimate importers of legal pharmaceuticals.
Juneboarder
(1,732 posts)This is nowhere near Mexico... #fakenews
keithbvadu2
(36,853 posts)A Mitch McConnell family ship?
mahatmakanejeeves
(57,545 posts)Ship carrying $1 billion worth of cocaine in Philadelphia could have another 30 tons on board
Investigators in Philadelphia continue to search the cargo ship where they found more than 17 tons of cocaine Tuesday in what's being called one of the biggest drug busts in U.S. history. Officials told CBS News there could be 30 tons more on board.
What they've found so far amounts to more than 34,000 pounds of cocaine with a street value of over a billion dollars. Officials say seven containers on the cargo ship were carrying the drugs.
The ship's second mate and a crew member have been arrested and charged, admitting they helped load the cocaine onto the ship from more than dozen other boats while at sea.
The MSC Gayane had traveled from Chile to Peru, heading from Panama and the Bahamas before docking in Philadelphia. It was on its way to the Netherlands next.
....