Jersey City man arrested with over 8 kilos of Cocaine valued over $400,000 dollars

Hudson County Prosecutor Esther Suarez released the following information:

Following a two-month investigation, members of the Hudson County Prosecutor’s Narcotics Task Force and the Newark Division of the United States Postal Inspection Service arrested a Jersey City man for possession and distribution of cocaine in Jersey City.

On October 17, 2016, Task Force Officers and Postal Inspectors arrested John Diaz, age 39, of College Street in Jersey City on various charges involving the possession of cocaine with the intent to distribute. Prosecutor Esther Suarez credited the Hudson County Sheriff’s K-9 Unit for assisting with the arrest.

Diaz was arrested after a search of his residence led to the recovery of approximately 8,700 grams of cocaine. The street value of the total quantity of cocaine that was seized is

approximately $400,000. The Task Force also seized more than $24,000 in U.S. Currency. Bail for Diaz was set at $250,000 cash or bond and he was charged with the following:

 1 count of Possession with Intent to Distribute a Controlled Dangerous Substance in a quantity of more than five ounces in violation of N.J.S. 2C:35-5a(1) and N.J.S. 2C:35-5b(1).

•  1 count of Possession with Intent to Distribute a Controlled Dangerous Substance in a quantity of more than five ounces, while within 1,000 feet of a school in violation of N.J.S. 2C:35-7a.
• 1 count of Financial Facilitation in violation of N.J.S. 2C:21-25a.-30-

The above charges are merely accusations, and the defendant is presumed innocent until proven guilty. R.P.C. 3.6(b)(6).