FOR IMMEDIATE RELEASE:
FRIDAY - OCTOBER 1, 2010
FORMER COAST GUARD MEMBER CONVICTED IN DRUG CONSPIRACY
NEW BERN - United States Attorney George E.B. Holding announced that in federal court on September 29, 2010, a jury found KENNETH WAID, JR., 32, of Jacksonville, North Carolina, guilty of conspiring to possess with intent to distribute and distributing 500 grams or more of cocaine, in violation of Title 21, United States Code, Section 846. Chief United States District Judge Louise W. Flanagan presided over the two-day trial.
A Federal Grand Jury returned a Criminal Indictment on August 28, 2009.
The evidence in the case established that from February, 2006, to May, 2006, WAID was in the Coast Guard on active duty. During that time, WAID bought and sold cocaine out of his residence in Jacksonville. According to the evidence presented at trial, WAID sold approximately five kilograms of cocaine out of that residence. Sentencing for WAID will take place in approximately 90 days. He faces up to 40 years imprisonment.
Investigation of this case was conducted by the United States Coast Guard. Assistant United States Attorney Rudy E. Renfer represented the government.
News releases are available on the U. S. Attorney’s web page at www.usdoj.gov/usao/nce.