Australian police seize more than 1,000 pounds of cocaine - WKOW 27: Madison, WI Breaking News, Weather and Sports

Australian police seize more than 1,000 pounds of cocaine

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BRISBANE, Australia (WKOW) -- Australian police have taken more than 1,000 pounds of cocaine from a catamaran found offshore.

It was the third-largest cocaine seizure in the country's history with a street price of around $159 million, according to Australian Federal Police Deputy Commissioner Andrew Colvin.

Police arrested and charged three Australian men.

Police found the catamaran and another vessel Friday after American authorities tipped off the police last week.

The catamaran was nearly 500 miles off the coast of Australia on its way from South America.

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