"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.
Re: US Coastguard ports in Florida after seizing $370 million in drugs
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!
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