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Street Value

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NEWS
July 27, 2012 | Bill Bender
Calculating the so-called street value of drugs is like trying to see into the future with a calculator. Experienced narcotics cops have a good idea of how drugs are packaged and sold to consumers, and they use that information to guesstimate how much a large shipment of drugs might have been worth down the line if it hadn't been confiscated. That usually involves dividing kilos and pounds into grams or smaller quantities then multiplying that by the retail value of each bag. Some cops, figuring that the drugs will be "cut" with other substances, use another multiplier.
NEWS
January 9, 2009 | By Vernon Clark INQUIRER STAFF WRITER
Four alleged members of a heroin-trafficking ring have been arrested and more than $1 million worth of the drug and two handguns have been seized in a raid on a home in Northeast Philadelphia, police said. Officers of the Narcotics Field Unit raided the home in the 1400 block of Alcott Street in the Oxford Circle section Wednesday night, police said. Confiscated in the raid were 3,386 grams of heroin with a street value of about $1.1 million, $3,720 in cash, two handguns, two vehicles, and drug paraphernalia, police said.
NEWS
December 21, 2001 | By Alicia A. Caldwell INQUIRER SUBURBAN STAFF
While searching for a drug suspect wanted on federal charges, U.S. Marshals stumbled upon 22,500 doses of heroin and nearly $150,000 at a township hotel, Bucks County District Attorney Diane E. Gibbons said yesterday. Victor Gonzalez, 55, of Paterson, N.J., and Moises Eusebio-Severino, 33, of Unionville, N.J., were in the hotel room, Gibbons said, and were arrested on charges of conspiracy, possession with intent to deliver heroin, and possession with intent to use drug paraphernalia.
NEWS
August 6, 1992 | by Dave Bittan, Daily News Staff Writer
Police raided two Northeast Philadelphia homes last night, arresting three people, including a man described as a substitute teacher, and confiscating heroin worth more than $1 million. Patrick Nweze, 42, a Nigerian national, and his wife, Cordelia, 38, were arrested at their home about 10 p.m. Three pounds of brown heroin was found concealed in four textbooks, said police, who estimated the drug's street value at $1 million. The heroin was contained in eight clear envelopes concealed beneath the inside covers of the textbooks, police said.
NEWS
November 17, 1989 | By Dave Racher, Daily News Staff Writer
A Hunting Park cocaine boss charged in two killings was pulling down $23 million a year, but he showed up in court yesterday with a taxpayer-paid lawyer. After the prosecutor objected to the millionaire's free lawyer, Municipal Judge Lydia Y. Kirkland commented: "If he had $23 million, he should not have a court-appointed lawyer. He could finance the entire court system. " The defendant, Emmanuel Rios, 20, of Darien Street near Butler, headed the notorious Blue Tape gang at 8th and Butler streets, said Assistant District Attorney Roger King.
NEWS
July 27, 2012 | By William Bender and Daily News Staff Writer
IT HAPPENS before the news conference, before the plastic-wrapped bricks of dope are arranged on the table for the TV cameras and before headlines are made.   Cops calculate the "street value. " It's a branch of mathematics in which economies of scale meet public relations. By envisioning thousands of transactions that will never occur — and sometimes padding the numbers on top of that — law-enforcement agencies can wind up doubling, tripling, quadrupling, quintupling, sextupling or even septupling what the confiscated drugs are worth to the bulk-level dealers who got popped.
NEWS
February 8, 1988 | By JIM SMITH, Daily News Staff Writer
Authorities said today that they had seized about 80 pounds of cocaine in a raid yesterday at a Northeast Philadelphia apartment, the largest such seizure ever made here. S.B. Billbrough, agent in charge of the U.S. Drug Enforcement Administration in Philadelphia, said police and federal agents arrested two men in the raid. The men were identified as Miguel Dario Restrepo, 29, of the Rushwood Apartments on Keswick Road near Woodhaven, in whose apartment the cocaine was discovered, and John Jairo Rave, 36, of Bodine Street near Hunting Park Avenue.
NEWS
November 13, 1988 | By John Way Jennings, Inquirer Staff Writer
Narcotic agents raided four apartments in Philadelphia and Bucks County, seizing more than $500,000 worth of cocaine and arresting two men believed to be major cocaine dealers, police said yesterday. The raids by federal, state and city narcotic agents followed an investigation that began last summer in Center City. Carlos Rodriguez, 31, and Edward Torres, 26, were arrested shortly after 1 p.m. Friday in separate units at Salem Harbor Apartments on State Road in Andalusia.
NEWS
October 12, 1990 | By Jim Smith, Daily News Staff Writer
An electrical engineer from Hong Kong yesterday was convicted by a federal court jury of possessing more than 18 pounds of "China white" heroin said to be worth $25 million. The defendant, Hin Ping Lo, 40, and a traveling companion, Tat Man Ho, a reputed member of a Hong-Kong based crime family called the 14K Triad, were arrested on a New York-bound train when it stopped at 30th Street Station on June 12. Authorities said an Amtrak police officer found the heroin in Lo's duffel bag in the bathroom of the sleeper compartment he shared with Ho. Assistant U.S. Attorney Linwood C. Wright Jr. said the heroin had a street value of "at least $25 million," and the bust was "one of the largest if not the largest heroin seizure made in Philadelphia.
NEWS
January 24, 1986 | By JIM SMITH, Daily News Staff Writer
If it had gone down the way the five people allegedly thought it would, they would have been paid $456,000 for 39 pounds of cocaine. But when it came time for the payoff, the buyers drew guns, announced they were federal agents, and arrested the five - four from Colombia and one from Puerto Rico - without resistance, authorities said yesterday. The suspects were held without bail by a federal magistrate in Philadelphia to await further hearings on charges of possession of cocaine with intent to deliver and conspiracy, said Assistant U.S. Attorney Barbara J. Cohan-Duffy.
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NEWS
July 27, 2012 | By William Bender and Daily News Staff Writer
IT HAPPENS before the news conference, before the plastic-wrapped bricks of dope are arranged on the table for the TV cameras and before headlines are made.   Cops calculate the "street value. " It's a branch of mathematics in which economies of scale meet public relations. By envisioning thousands of transactions that will never occur — and sometimes padding the numbers on top of that — law-enforcement agencies can wind up doubling, tripling, quadrupling, quintupling, sextupling or even septupling what the confiscated drugs are worth to the bulk-level dealers who got popped.
NEWS
July 27, 2012 | Bill Bender
Calculating the so-called street value of drugs is like trying to see into the future with a calculator. Experienced narcotics cops have a good idea of how drugs are packaged and sold to consumers, and they use that information to guesstimate how much a large shipment of drugs might have been worth down the line if it hadn't been confiscated. That usually involves dividing kilos and pounds into grams or smaller quantities then multiplying that by the retail value of each bag. Some cops, figuring that the drugs will be "cut" with other substances, use another multiplier.
NEWS
September 3, 2009
State police seized five kilos of heroin with a street value of $1.6 million and arrested three men early Tuesday after a car stop in South Philadelphia. State Police Capt. David F. Young said that state troopers became suspicious after stopping the two cars for running stop signs at 4:30 a.m. on Packer Avenue at 18th Street. Troopers interviewed the occupants, believed to be traveling together, and obtained consent to search their vehicles. Young said that troopers found the heroin in a coffeemaker box in the rear cargo area of the Arizona-registered SUV, driven by Mark Smith, of Winslow, Ariz.
NEWS
January 9, 2009 | By Vernon Clark INQUIRER STAFF WRITER
Four alleged members of a heroin-trafficking ring have been arrested and more than $1 million worth of the drug and two handguns have been seized in a raid on a home in Northeast Philadelphia, police said. Officers of the Narcotics Field Unit raided the home in the 1400 block of Alcott Street in the Oxford Circle section Wednesday night, police said. Confiscated in the raid were 3,386 grams of heroin with a street value of about $1.1 million, $3,720 in cash, two handguns, two vehicles, and drug paraphernalia, police said.
NEWS
November 5, 2004 | By Kathleen Brady Shea INQUIRER STAFF WRITER
Three men were ordered yesterday to stand trial on drug charges stemming from what a prosecutor described as one of the biggest seizures of marijuana in Chester County history. At a preliminary hearing, District Justice James DeAngelo said the evidence was sufficient to hold Junior Vincent Douglas, 41, of Hempstead, N.Y., and Nigel Christopher Bent, 40, of Plymouth Township, Montgomery County, for trial on multiple drug and conspiracy charges. A third defendant, Leonard P. Pevna, 44, of Salem, N.H., and Las Vegas, waived his hearing.
NEWS
February 5, 2004 | By Keith Herbert INQUIRER STAFF WRITER
Monday was the first day of business for the Burnside Pizza & Grille in Trooper. It was also the last. That is because two customers who arrived at lunchtime and ordered a slice and a soda were undercover narcotics investigators. They served arrest warrants on owners Robert C. McCulligan of West Norriton and Timothy J. Einsig of King of Prussia. McCulligan and Einsig were intent on using the pizza shop as a front to sell cocaine, Montgomery County District Attorney Bruce L. Castor Jr. said.
NEWS
December 21, 2001 | By Alicia A. Caldwell INQUIRER SUBURBAN STAFF
While searching for a drug suspect wanted on federal charges, U.S. Marshals stumbled upon 22,500 doses of heroin and nearly $150,000 at a township hotel, Bucks County District Attorney Diane E. Gibbons said yesterday. Victor Gonzalez, 55, of Paterson, N.J., and Moises Eusebio-Severino, 33, of Unionville, N.J., were in the hotel room, Gibbons said, and were arrested on charges of conspiracy, possession with intent to deliver heroin, and possession with intent to use drug paraphernalia.
NEWS
January 29, 1997 | By John Way Jennings and Larry Lewis, INQUIRER STAFF WRITERS
Three natives of Colombia were held in federal custody without bail yesterday after a detention hearing in Camden on charges that they smuggled more than 250 kilos of cocaine into the United States. The men were taken away by federal marshals after Assistant U.S. Attorney Mary A. Futcher told the court that the cocaine was uncut and headed for the streets of New York, where it would have brought profits of more than $100 million. Futcher said the men had bragged to an informant that they had 1,000 more kilos hidden in Miami, plus 780 kilos in Houston, and were expecting 500 kilos more in Los Angeles.
NEWS
August 7, 1992 | by Scott Flander and Dave Bittan, Daily News Staff Writers
A pair of drug raids in Frankford came up with dramatic evidence that heroin is making a big comeback, authorities say. Police on Wednesday night found more than $1 million worth of "brown heroin" in the raids, a type of the drug that hasn't been seen in Philadelphia in years. Brown heroin has been showing up in New York, Boston and other cities recently, and its appearance here - and the size of the haul - is an indication of how the market for heroin is growing in Philadelphia as well, say authorities.
NEWS
August 6, 1992 | by Dave Bittan, Daily News Staff Writer
Police raided two Northeast Philadelphia homes last night, arresting three people, including a man described as a substitute teacher, and confiscating heroin worth more than $1 million. Patrick Nweze, 42, a Nigerian national, and his wife, Cordelia, 38, were arrested at their home about 10 p.m. Three pounds of brown heroin was found concealed in four textbooks, said police, who estimated the drug's street value at $1 million. The heroin was contained in eight clear envelopes concealed beneath the inside covers of the textbooks, police said.
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