A SEAHAMPTON man faces the prospect of possible life imprisonment after admitting to dealing nearly three kilograms of speed in less than two months.
Luke Dean Wicks, 29, sold different amounts of liquid methamphetamine to undercover police between February 15 and when he was arrested in the car park of the Edgeworth McDonald’s on April 4 this year.
Wicks, of Fifth Street, Seahampton, admitted to dealing 1634.8 grams of the drug in a series of deals at different public places around the north-western edge of Lake Macquarie before he was caught with another 1116.6 grams upon his arrest.
With a ‘‘point’’ of speed worth between $30 and $50 on the street, it is estimated the amount of speed he has admitted dealing could have had a street value of between $825,000 and $1.375 million.
Following his arrest, police discovered $416,556.55 in homes at Barnsley and Boolaroo connected to Wicks, as well as more drugs.
Wicks pleaded guilty in Newcastle Local Court yesterday to the two counts of supplying a large commercial quantity of speed, a crime that has a maximum sentence of life imprisonment and a standard non-parole period of about 15 years.
He also admitted to possessing a .45 calibre self-loading pistol and dealing in the proceeds of crime.
The NSW Crime Commission has seized his assets, including three cars, the money found at the Barnsley house and in bank accounts.
Lake Macquarie detectives set up Strike Force Misima in October last year following information that Wicks was a mid-level drug supplier.
Undercover cops then bought speed off Wicks from February, increasing the amount each time until they agreed to buy the 1116 grams on April 3 for $87,500.
Wicks was formally refused bail yesterday and committed to the Newcastle District Court for sentence. His case will be mentioned on January31.