US Coastguard ports in Florida after seizing $370 million in drugs

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US Coastguard ports in Florida after seizing $370 million in drugs

canadiana
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This post was updated on .
Note:not sure if this is from some of the reported busts in the last couple of months or not and they are just offloading it yesterday but it’s impressive nonetheless..canadiana.........$377 million drug bust includes almost 40,000 combined pounds of cocaine and marijuana
By Kelly McCarthy
Oct 29, 2019, 12:10 PM ET
 http://www.msn.com/en-ca/news/world/nearly-dollar400m-worth-of-cocaine-and-marijuana-intercepted-by-us-coast-guard/ar-AAJyVFs?li=AAggNb9&ocid=iehp#page=2
WATCH: A submarine in the Pacific Ocean was found with over 12,000 pounds of cocaine worth over $165 million dollars, officials said.
The U.S. Coast Guard has seized millions of dollars worth of cocaine and marijuana at a Florida port.

"The Coast Guard Cutter James (WMSL-754) crew is scheduled to offload approximately 28,000 pounds of seized cocaine worth an estimated $367 million and approximately 11,000 pounds of seized marijuana worth an estimated $10.1 million at Port Everglades," according to a press release from the U.S. Coast Guard.

The Coast Guard Cutter James crew stands aboard the cutter Oct. 28, 2019, Port Everglades, Fla.
The U.S. Coast Guard shared a video on Twitter of the 28,000 pounds of cocaine that was intercepted.
"What you see is 19 tons of narcotics seized from 18 separate Coast Guard interdiction events, with a street value worth more than $375 million," Capt. Jeffrey Randall, Coast Guard Cutter James commanding officer said in a statement. "These drugs will not reach Main Street USA due to the efforts of the James crew and other Coast Guard cutters involved in these interdictions,"

Capt. Randall added that the crew worked in cooperation with "regional partner nations, like Columbia, Costa Rica and alongside the agencies involved in Operation Martillo to stop the flow of illegal narcotics into the United States."

Two team members after intercepting a smuggler as part of the counter-narcotic efforts of operation MARTILLO in international waters off the coasts of Mexico, Central and South America.

As a result, Randall said, "we maintain an offensive against criminal networks and criminal organizations."

The contraband was interdicted in 18 separate operations of suspected drug smuggling vessels in international waters of the Caribbean Basin and Eastern Pacific Ocean off the coasts of Mexico, Central and South America, officials said.
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Re: US Coastguard ports in Florida after seizing $370 million in drugs

Parro
Canadiana, I haven't seen this posted prior to today.  

This a huge bust!   A quarter of a billion dollars or more??

Coming back to Ft. Lauderdale is like a Miami Vice episode I think, Rico & Sonny and lastly, Glenn Frey
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Re: US Coastguard ports in Florida after seizing $370 million in drugs

canadiana
Administrator
Keep in mind Parro this is NOT from 1 bust but a combined 18 busts that were just hauled to shore after a 2 month expedition.Still even 1/18 is a huge loss even to 1 of the top 5 Cartels.I don't know how they swallow it.You can't afford too many of these hits on a guy's bottom line!
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Re: US Coastguard ports in Florida after seizing $370 million in drugs

B00Mer
This post was updated on .
In reply to this post by canadiana
$377 Million is nothing but a drop in the bucket..

The Mexican drug industry is worth $500 Billion a year, higher earnings that Walmart

https://www.washingtonpost.com/politics/2019/06/24/do-mexican-drug-cartels-make-billion-year/

That doesn't include the people trafficked into the USA and other illicit activities.

This will never stop, as long as there is a market for this crap.

El Chapo (Sinaloa Cartel) no run by his sons, smuggled drugs into over 77 countries. For a guy who did finish elementary school, he was a pretty smart fella.

Even the DEA doesn't know how much money El Chapo is worth.
Agua que no has de beber, déjala correr
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Re: US Coastguard ports in Florida after seizing $370 million in drugs

Mica
Maybe Chapo can get a GED in prison.
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Re: US Coastguard ports in Florida after seizing $370 million in drugs

Parro
Mica -

If Chapo got his GED in Florence, then maybe others will know the math as well.

$50,000,000,000/$370,000,000 = 50,000/370 = 135.135, or 1.35% of the entire sales based on $50,000,000,000. BOOMer, that a lot!  1/76 of the entire market.  A big dent in a fragmented market!

I disagree with you, a big take! Only 76 drops in the bucket.
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Re: US Coastguard ports in Florida after seizing $370 million in drugs

blanco puro
In reply to this post by canadiana
Seems like a big bust and definitely would piss off whoever owns it. BUT
What a cartel pays is a small percentage of even the wholesale selling price.
What was it, 22,000lbs of coke, ok so that's 10,000 kilos. Costs $2000 per kilo max, so $20,000,000.
10,000 x $20,000 (approx wholesale price in the southern border states) is $200,000,000
They'd make $180 million profit, and they send loads like this to the US on a monthly basis.
So a loss of 20 mil is nothing, life goes on.
More than likely these are also planned "busts" to allow the law enforcement agencies justification of their jobs. You don't find a load that big by chance, they are tipped off, and it is part of the game.
The loads which do get busted by actual police work are smaller and involve people not part of the system. Even then, they are usually tipped off. It's a dirty game!

Parro - with your calculation of 1/76 it is alot less than paying taxes! it is a cost of business factored in. they do not care. Even legitimate businesses factor in variables such as loss/theft in their projected incomes
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Re: US Coastguard ports in Florida after seizing $370 million in drugs

Parro
I don't and I wouldn't, cause I haven't.
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Re: US Coastguard ports in Florida after seizing $370 million in drugs

B00Mer
Parro wrote
Mica -

If Chapo got his GED in Florence, then maybe others will know the math as
well.

$50,000,000,000/$370,000,000 = 50,000/370 = 135.135, or 1.35% of the entire
sales based on $50,000,000,000. BOOMer, that a lot!  1/76 of the entire
market.  A big dent in a fragmented market!

I disagree with you, a big take! Only 76 drops in the bucket.
Yes a big dent, but also noted this haul was from several seizures, not just one. Over what span of what, 1 month, 6 months.. the article doesn't say...

Also remember that is street value they are stating.. the price of the manufactured narcotics if far from the street value.

Here is an interesting article for you to read..

From Colombia to New York City: The narconomics of cocaine

Agua que no has de beber, déjala correr
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Re: US Coastguard ports in Florida after seizing $370 million in drugs

Parro
As always, enjoyed the read.

The Caribbean is much more involved than the map shows.

Go to the Bluefields and Corn Islands and you will understand.  An easier path, under a socialist regime.  Money for access.

It is not ideology, its greed.  
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Re: US Coastguard ports in Florida after seizing $370 million in drugs

canadiana
Administrator
Nicaragua.Stories of washed up on shore cocaine bales the locals sometimes get lucky finding when a neaby boat bales when the Coastguard gets too close.
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Re: US Coastguard ports in Florida after seizing $370 million in drugs

Ciro
In reply to this post by B00Mer
I would argue that number 500 Billion no way.  50 at best
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Re: US Coastguard ports in Florida after seizing $370 million in drugs

Mica
In reply to this post by Mica
Remember old locked up billionaire Chapo had his capo on wire tap begging for gas money and money to take sicarios families to hospital.  But, yeah he was a billionaire genius!