A Gold Coast judge has jailed former Victorian milk millionaire Ken Lacey for two and a half years after he pleaded guilty to possessing and supplying cocaine.
Lacey, 61, was charged after police found him in possession of 13 bags of cocaine in 2015.
Prosecutor Judith Gearey told the District Court the drugs had a total weight of 43 grams with cocaine purity levels of 27 to 30 per cent and a street value between $12,000 and $18,000.
“This was a serious quantity … this is serious offending,” she said.
Police found the drugs when they raided Lacey’s Surfers Paradise highrise apartment in April 2015.
Lacey pleaded guilty to five charges including drug supply, drug possession and unlawful use of a motor vehicle.