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Feds Want to Run eBay Sneaker Business Implicated in Massive Pot Conspiracy

photo: Baltimore City Paper

 
By Van Smith
Baltimore City Paper

BALTIMORE — The manufacturer’s suggested retail price for a pair of Nike Shox Turbo 3.2 SL running shoes is $120, but Krush NYC, an eBay seller based in a warehouse in Jessup, sells them for $79.99. That kind of markdown is what attracts the buyers that make Krush a profitable enterprise: It clears an average of almost $1.5 million annually on gross sales of nearly $2.6 million, according to court documents.

The nitty-gritty on Krush’s financial information was revealed in court because federal prosecutors want to make sure Krush remains valuable. Its principals—40-year-old Kerem Dayi of Gambrills, Md., and California, and 43-year-old Steven Neil Madden of Randallstown, Md.—are two of 18 defendants charged in January with operating a massive pot-dealing and money-laundering conspiracy in Maryland, New Jersey, and California since early 2010. The indictment includes a count to allow the government to take ownership of at least $10 million in allegedly ill-gotten gains, including a number of assets already seized: eight pieces of real estate, 22 bank accounts, 24 vehicles, and three businesses. Krush is one of them.

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Comment from jway
Time March 18, 2013 at 11:16 am

More harm caused by the failed marijuana prohibition! This sort of stuff wouldn’t be happening if we legalized marijuana like beer and wine. When stores are allowed to sell legally-grown marijuana to adults at prices low enough to prevent illegal competition this sort of thing will be as rare as alcohol bootlegging is today! We should NOT have laws that cause more harm than what they prevent!!

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