U.S. Coast Guard Makes Biggest Cocaine Bust in U.S. History

March 21, 2007 — -- At nearly 20 tons, it's the largest maritime cocaine bust in U.S. history. The U.S. Coast Guard announced today that it seized 42,845 pounds of the drug from the Gatun, a Panamanian ship. Two of the Coast Guard's cutters approached the ship Sunday after a patrol plane spotted the vessel about 20 miles southwest of the Panamanian coast.

Drug Enforcement Administration administrator Karen Tandy pointed out that usually drug traffickers store their caches in secret compartments or conceal them with other legitimate cargo, but this shipment wasn't exactly hidden.

"They simply loaded these bales of cocaine into cargo containers on the top of the deck of this freighter. They were hiding in plain sight on the main deck."

Charley Diaz captains of one of the Coast Guard ships that closed in on the Gatun. He said the Gatun's crew did not resist but appeared nervous as the Coast Guard approached the crew's vessel. Diaz acknowledged the Panamanian ship was carrying some legal cargo, but that the "bales [of cocaine] were just piled high" in containers on the ship's deck, "almost up to the ceiling," Diaz described. "To think that any one of those containers, any two containers, can hold this much drugs is eye-opening."

Tandy estimated the haul of cocaine could have sold on the street for about $600 million. Homeland Security Secretary Michael Chertoff said, "Through collaboration, we've been able to strengthen our counternarcotics efforts, and to send a strong message to drug traffickers where it hurts -- in their pocket."

This bust blows past the old record of 30,109 pounds, seized from a ship in September 2004.

And the Coast Guard raid comes on the heels of a record-breaking cash seizure by the DEA last week. In cooperation with Mexican officials, that agency confiscated $205 million from chemical brokers who had provided Mexican cartels with the supplies to make methamphetamine.

In January, the DEA announced the extradition of 15 suspects tied to four Mexican drug cartels.