The Associated Press
FORT LEE, N.J. (AP) -- Police have found 440 pounds of cocaine in
what is being described as one of the largest drug busts ever in
The cocaine has an estimated street value of $2.5 million,
authorities said Saturday night.
Authorities also said they found $400,000 in cash after stopping
Carlos F. Perez, 40, and Maxina Perez, 40, in a car and then
returning to a town house that authorities believe was their
Bergen County Prosecutor John Molinelli told The Sunday Record of
Bergen County that he was "very pleased" with the work and with the
size of the seizure.
Molinelli also said that the bust was an indication of how Bergen
County is being utilized in the Northeast for drug trafficking.
"Drugs are not coming into New York City directly from Florida and
Mexico," Molinelli told The Sunday Record. "They are using Bergen
County as stash houses."
Carlos and Maxina Perez, both listed as living in the Bronx, N.Y.,
and in Tacoma, Md., have been charged with first degree cocaine
possession and possession with the intent to distribute.
Both also face money laundering charges. Their bail has been set by a
judge at $1 million each with no 10 percent option.
Molinelli said that the residence was being used as a drug
distribution facility where traffickers would "take small quantities
across the George Washington Bridge and bring back cash."
Authorities had been staking out a local motel where they suspected
drug activity. They became suspicious about the town house after
watching cars leave the motel and go there.
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Police said they searched the town house and storage facility after
Carlos Perez allegedly gave authorities false information during the