Feds seize over $1 billion of cocaine in historic bust in Philadelphia, officials say

Federal officials made a massive cocaine bust in Philadelphia Tuesday, seizing an estimated 16.5 tons of the drug from a ship there -- with a street value of over $1 billion, officials said.

*BREAKING NEWS* 16.5 tons of cocaine has an approximate street value of over $1 billion. @ICEgov @CBPMidAtlantic @PhillyPolice @USCG https://t.co/GoY2bz4LlE According to a senior Justice Department official, U.S. Customs and Border executed the seizure based on a joint investigation between the Department of Homeland Security and Drug Enforcement Administration."MSC Mediterranean Shipping Company is aware of reports of an incident at the Port of Philadelphia in which U.S. authorities made a seizure of illicit cargo.

A criminal complaint filed in the Eastern District of Pennsylvania on Tuesday named two defendants, Ivan Durasevic and Fonofaavae Tiasaga, the ship's second mate and a crew member, respectively. Durasevidc told investigators that he saw nets near the ship's crane that contained bags with handles transporting the cocaine, and he and around 4 others hoisted the bags onto the ship and loaded them into the containers after being promised by the Chief Officer that he would be paid $50,000, according to the complaint.

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