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Financial Investigations June 18, 2018 2 mins read

$2.3 Million Worth of Stolen Perfume – “Liquid Gold” On The Black Market

Financial Investigations ı By Peter Moreno

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Highway Robbery and Stolen Perfume

Two men “catch a case” for their roles in transporting over two million dollars’ worth of stolen perfume products from a New Jersey warehouse. The first defendant is Yunior Estevez, 33, of Hollywood, Florida. The second defendant is Carlos Duvergel, 53, of Colorado Springs, Colorado. Both Estevez and Duvergel face charges for conspiracy and interstate transport of stolen property. Both defendants make appearances in Newark federal court and shortly thereafter are out on bail.

The perfume heist occurs in November of 2017. The defendants and others individuals somehow obtain unauthorized access to a warehouse in Edison, New Jersey. The warehouse serves as a storage and distribution facility for the perfume products. After gaining access to the warehouse, Estevez and Duvergel drive away with at least one tractor-trailer full of the stolen perfume products. Unfortunately for the criminal duo, however, the N.J. Turnpike toll plaza captures footage of the heist. Interestingly, the N.J. Turnpike video recording shows Estevez driving the tractor-trailer out of New Jersey and into Delaware. The authorities and owners of the stolen products value the perfume products to be worth approximately $2.3 million.

Liquid Gold

Evidently, perfume is extremely valuable to armed and savvy bandits like Estevez and Duvergel. Not surprisingly, perfume happens to be one of the hottest items on the black market. "It's liquid gold," said a supervisor of the cargo theft and robbery unit of the New Jersey State Police. "It sells easily and for a lot of money, and it's very difficult to trace."

Regarding potential prison sentences, the conspiracy count is punishable by a maximum penalty of five years in prison. The charge of interstate transport of stolen property, however, is punishable by a maximum penalty of 10 years in prison. Further, both charges also carry a $250,000 fine, or twice the gross gain or loss from the offenses.

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Peter Moreno

From the concrete jungle of Wall Street as an Investment Adviser to the narco-infested jungles of Colombia, as a U.S. Marine Corps Lieutenant Colonel. His first hand knowledge of both finance and crime present a unique perspective on the topic of financial crimes. Although he may not be the "most interesting man alive," his friends assure him he's in the top 10. He delivers provocative written insights on controversial topics, sips single malt scotch with a smile, and fancies a good cigar.

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