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Drug dealer who spent millions on luxury cars, watches and lavish getaways jailed for 25 years
dailymail. ^ | 31 January 2014

Posted on 02/01/2014 1:24:22 AM PST by dennisw

Garnett Gilbert Smith shipped a ton of cocaine from California to Maryland between 2010 and 2011 and 'trafficked heroin' He earned $10 million which he spent on vacations, properties and parties Authorities seized $1.7 million in jewellery, 19 vehicles, $740,000 cash, properties and $258,000 worth of designer clothes

One of Baltimore's biggest ever drug dealers has been jailed for 25 years for shipping a ton of cocaine - and enjoying a life of fast cars, designer clothes and luxury properties with the earnings.

Garnett Gilbert Smith's lavish life was revealed in court in Baltimore, where he was found guilty. Garnett Gilbert Smith's lavish life was revealed in court in Baltimore, where he was found guilty of shipping the drugs from California to Maryland between 2010 and 2011.

The 44-year-old cleared $10,000 profit on each kilogram, raking in more than $10 million in total, according to court documents. Prosecutors say he also trafficked heroin.

He splashed the cash on stays at the Montage Hotel in Beverly Hills - where rooms can reach $1,000 a night - and owned or rented numerous properties in Baltimore, Georgia, Virginia and California.

He had an impressive fleet of 19 luxury vehicles, including a $162,300 Lamborghini Murcielago, a $219,000 2009 Maybach, a $165,000 Aston Martin and motorcycles worth up to $65,000.

His designer wardrobe included items from Gucci, Cartier and Louis Vuitton.

Authorities also seized $258,000 worth of shoes, belts, pants, glasses, belts, hats and bags from his Atlanta storage unit, the Baltimore Sun reported.

They also took £1.1 million in jewelery from his condo in Studio City, California, and $741,000 in cash - some hidden in speakers and tool boxes - from his Maryland home.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Local News; Travel
KEYWORDS:

1 posted on 02/01/2014 1:24:22 AM PST by dennisw
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To: dennisw

More details on his lavish lifestyle at the source. A bit hilarious.

“Get rich or die trying” -— rapper 50 Cent


2 posted on 02/01/2014 1:26:20 AM PST by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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To: dennisw

What always amazes me is how someone can live so ostentatiously on illegal income and get away with it for so long. It’s one thing to make a bazillion bucks pushing junk and limiting your excesses to “bling” and maybe a car or two. But this guy was flashing it in everyone’s face. You’d think it would be pretty easy to nail someone like that on tax evasion.

Maybe someone should have claimed he was trying to start a Tea Party non-profit. That woulda brought the dogs running for sure...


3 posted on 02/01/2014 1:44:03 AM PST by DemforBush (A Repo Man is *always* intense.)
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To: dennisw

What he didn’t buy, and could so easily done so, was a few politicians with influence.


4 posted on 02/01/2014 1:44:34 AM PST by Gaffer
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To: dennisw

A fool and his money-—how soon they part.


5 posted on 02/01/2014 1:46:05 AM PST by tflabo (Truth or Tyranny)
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To: tflabo

Not a very good application of your cliche.


6 posted on 02/01/2014 2:05:49 AM PST by SamAdams76
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To: DemforBush

The problem here...is that once you start having your weekly income slide from $600 to $10,000...you will start to do stupid things. And when you start to clear $100,000 a week....life gets fairly difficult.

You can’t put the money into a bank. You can’t go and invest in stocks. You can’t run a foundation that hides the money. So, you spend it.

If any of these drug idiots ever hired a smart budget and finance guy....to hide the money and set up a foundation with property investments (never leading back to the drug empire guy)....then a regional drug kingpin could be a billionaire in ten years.

Note, this isn’t the Baltimore press that told the story....which ought to make you wonder why they couldn’t even tell the story in their own backyard.


7 posted on 02/01/2014 2:13:45 AM PST by pepsionice
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To: pepsionice
If any of these drug idiots ever hired a smart budget and finance guy....to hide the money and set up a foundation with property investments (never leading back to the drug empire guy)...

I don't think it can be done without someone looking the other way. Everything is traceable by the government - if they want to trace it, that is.

8 posted on 02/01/2014 2:22:58 AM PST by Ken H (What happens on the internet, stays on the internet.)
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To: pepsionice

VERY SIMPLE

To launder his money he should have shipped his cash down to Mexico to get laundered. Then make investments in other countries far way from US Justice and seizure. In his shoes I would have owned a minimum of flashy property, automobiles etc within US borders.

The only trick then is to stay ahead enough of the US law where you are not thrown in US jail without bail. Plus pre-arrange your escape routes to Brazil etc. that work even if they seize your US passport.


9 posted on 02/01/2014 2:35:14 AM PST by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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Further proof there is no equal to freedom. Keep that in mind, ya’ Marxist scumbags.


10 posted on 02/01/2014 2:40:00 AM PST by Gene Eric (Don't be a statist!)
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To: dennisw
He earned $10 million which he spent on vacations, properties and parties

The cretins in the WH have that beat by at least times 10, and they didn't even earn it.

11 posted on 02/01/2014 2:44:32 AM PST by Rome2000 (THE WASHINGTONIANS AND UNIVERSAL SUFFRAGE ARE THE ENEMY -ROTATE THE CAPITAL AMONGST THE STATES)
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To: dennisw

I would disagree. You find a guy who knows how to establish a business. Fund him with cash only. He goes out and rents-to-own a lot....which he avoids large cash down payments. He builds an aluminum building....cash only of course. Nothing fancy.

Then he uses his remaining cash to buy used cars. Cash on the spot. You never spend more than $9999 on any used car. Once your lot is full....advertise it as a ‘for-sale’ business....worth X amount of money. Once paid for this....you walk into the bank and deposit the check for the start-up business. The bank notes this to IRS, but it’s a legit business transaction. You pay taxes on the car sales, and the business sale profits. From that point on....you start to buy real estate, fund Congressmen with cash, and start fake foundations like all the NBA or NFL guys do. You keep the drug kingpin out of the whole mix and simply act as his funnel for exercising cash flow.

After a while, you start to buy bank bonds like big guys do....moving the bonds overseas and swapping them for bigger currency bonds. IRS may pretend they monitor this stuff...but the gimmick investment crowd that hide income for the ultra wealthy know the entire game.


12 posted on 02/01/2014 3:07:15 AM PST by pepsionice
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To: pepsionice

Very good and well thought out. I will hire you if I ever because a drug kingpin. There are so many foreign born rip off artists (Muslims and from Eastern Europe) in the used automobile business these days and now I know why.


13 posted on 02/01/2014 3:17:45 AM PST by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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To: dennisw

Sounds like there is a little more room in America for the American Dream.


14 posted on 02/01/2014 3:23:57 AM PST by urbanpovertylawcenter (the law and poverty collide in an urban setting and sparks fly)
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To: dennisw

One of a million, anyone feeing safer because of this?


15 posted on 02/01/2014 3:37:06 AM PST by ronnie raygun
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To: urbanpovertylawcenter

“Get rich or die trying” -— rapper 50 Cent


16 posted on 02/01/2014 3:41:00 AM PST by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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To: pepsionice
Note, this isn’t the Baltimore press that told the story....which ought to make you wonder why they couldn’t even tell the story in their own backyard.

The Baltimore Sun did a good job reporting this story. (Sorry, my brain won't wrap around the html code this morning).

http://www.baltimoresun.com/news/maryland/crime/blog/bal-drug-dealers-lavish-lifestyle-on-display-as-he-gets-25-years-20140130,0,2562956.story

17 posted on 02/01/2014 3:48:24 AM PST by Abby4116
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To: pepsionice

“The problem here...is that once you start having your weekly income slide from $600 to $10,000...you will start to do stupid things. And when you start to clear $100,000 a week....life gets fairly difficult.”

This would also be known as “The Charley Sheen Syndrome”.It is characterized as young men making oodles of cash each week, doing hookers and blow at a racehorse pace.


18 posted on 02/01/2014 3:50:40 AM PST by Artie (We are surrounded by MORONS)
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To: All

he’s living almost as large as Obama, except he earned his money providing goods and services people paid for.. lol..


19 posted on 02/01/2014 3:53:46 AM PST by newnhdad (Our new motto: USA, it was fun while it lasted.)
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To: pepsionice

The tax return would be flagged because of the high income, and very low or zero offsetting cost basis of the business.


20 posted on 02/01/2014 4:26:48 AM PST by Balding_Eagle (Over production, one of the top 5 worries for the American Farmer every year.)
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To: Artie; pepsionice

Yesterday I drove by a shiny new Mercedes CL500 (base price ($116,600) sporting oversize alloy wheels with ultra low profile tires. Not the usual “look” for a high end Mercedes.

As I passed, I noticed that the driver was a young man of Mr. Garnett Gilbert Smith’s ethnicity. Immediately the enormous bigotry of my WASP-Tea Party mind kicked in and I thought,

“I wonder what sport & team he plays for?”

or

“I wonder what he is dealing?”

Perhaps he had just sold a used car dealership and used some of the profits to purchase a “cream-puff used car” for himself?

/s

(pepsionice - Thanks for the Business Plan!)


21 posted on 02/01/2014 4:29:54 AM PST by BwanaNdege
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To: dennisw

I don’t understand the problem. Wasn’t he contributing that most-important segment to the US GDP, ‘Consumer-spending’? /s

I’m not going to go into a WOD/legalization rant, but the fact remains the US expends significant resources to investigate, prosecute & incarcerate such people. Why? Because the government created a black market. Nothing’s changed.

I hear there’s a black market for cupcakes now...


22 posted on 02/01/2014 6:15:18 AM PST by logi_cal869
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To: dennisw

keep a low profile until you had enough and quit. Move to a small island far away from US laws and spend the rest of your life in ease.
But Drug dealers are all about flash. Old Mobsters knew enough to stay under the radar.


23 posted on 02/01/2014 7:13:17 AM PST by Yorlik803 ( Church/Caboose in 2016)
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To: pepsionice

You have a very good mind for this sort of thing!


24 posted on 02/01/2014 8:59:21 AM PST by Ueriah
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To: tflabo

Which once prompted the question: How did a fool and his money get together in the first place?


25 posted on 02/01/2014 9:17:28 AM PST by DPMD
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To: dennisw

The rest of the money he wasted.


26 posted on 02/01/2014 9:22:58 AM PST by wildbill
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To: Yorlik803
keep a low profile until you had enough and quit. Move to a small island far away from US laws and spend the rest of your life in ease. But Drug dealers are all about flash. Old Mobsters knew enough to stay under the radar.

The Mafia learned from Al Capone. Too much unexplained income raises red flags. So you buy up businesses that do a lot of cash business (like bars, night clubs, strip clubs, etc), and your businesses just happen to be very profitable.

You use the "legitimate" profits to buy up real estate, hire illegals to fix them up, pay them cash, then sell the places at a profit. That sort of stuff. If the guy was smart, he would had had the money plausibly laundered, and his assets out of the country within a couple of years.

27 posted on 02/01/2014 9:37:31 AM PST by PapaBear3625 (You don't notice it's a police state until the police come for you.)
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To: PapaBear3625

Car washes are a good place to launder cash. But a person has to use common sense. One mobster had a car wash and when they looked into his records found out he washed a 1000 cars in the worse Jan in history.


28 posted on 02/01/2014 10:07:36 AM PST by Yorlik803 ( Church/Caboose in 2016)
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To: Yorlik803

“Car washes are a good place to launder cash. But a person has to use common sense. One mobster had a car wash and when they looked into his records found out he washed a 1000 cars in the worse Jan in history.”

Actually, in the Northeast, it’s very common to use the car wash throughout the winter months. Instead of using sand, the Department of Transportation dumps huge loads of salt on the roads, which is a huge factor in rusting out the bodies of vehicles up here. So when there’s that break in the middle of the snowstorm, everyone seems to jam up the car washes in the area to get the corroding salt off their vehicles.

Unless of course you are referring to something down south, in which case, yes that’s kind of a red flag lol.


29 posted on 02/01/2014 12:45:03 PM PST by Ueriah
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To: Artie
“The problem here...is that once you start having your weekly income slide from $600 to $10,000...you will start to do stupid things. And when you start to clear $100,000 a week....life gets fairly difficult.”

"Mo' Money...Mo' Problems."

30 posted on 02/01/2014 12:49:13 PM PST by dfwgator
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To: Yorlik803

"Don't buy anything. Don't get anything. Nothing big. Didn't you hear what I said?...you're going to get us all f'in' pinched, that's why. What are you, stupid?"

31 posted on 02/01/2014 12:52:41 PM PST by dfwgator
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