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Tag: jessup

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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