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20 Tons Of Cocaine ($1.3 billion) Was Caught From The Ship Owned By JP Morgan
Posted on 7/15/19 at 12:12 am
Posted on 7/15/19 at 12:12 am
Nax News
In one of many largest drug busts in U.S. historical past, federal authorities in Philadelphia seized practically 20 tons of cocaine—worth about $1 billion— last month from a ship owned by JP Morgan’s asset management arm.
Although the ship, named MSC Gayane, is operated by Switzerland-based Mediterranean Shipping Company (MSC), it was financed by a transportation strategy fund run by JP Morgan’s asset management arm.
A statement by the US Justice Department said six crew members aboard the ship have been arrested and charged with knowingly and intentionally conspiring to possess more than five kilograms of cocaine.
Details have also emerged showing that the ship is leased out to MSC.
According to online vessel tracking website MarineTraffic, the ship was flying under the flag of Liberia, a country in West Africa.
JP Morgan has declined comment on the development since details emerged it owned the ship Thursday.
According to ABC News, so far, at least six crew members from Serbia and Samoa have been charged with conspiracy to possess cocaine aboard a ship. The ship’s second mate reportedly told investigators that he had been promised $50,000 for handling the cargo.
In one of many largest drug busts in U.S. historical past, federal authorities in Philadelphia seized practically 20 tons of cocaine—worth about $1 billion— last month from a ship owned by JP Morgan’s asset management arm.
Although the ship, named MSC Gayane, is operated by Switzerland-based Mediterranean Shipping Company (MSC), it was financed by a transportation strategy fund run by JP Morgan’s asset management arm.
A statement by the US Justice Department said six crew members aboard the ship have been arrested and charged with knowingly and intentionally conspiring to possess more than five kilograms of cocaine.
Details have also emerged showing that the ship is leased out to MSC.
According to online vessel tracking website MarineTraffic, the ship was flying under the flag of Liberia, a country in West Africa.
JP Morgan has declined comment on the development since details emerged it owned the ship Thursday.
According to ABC News, so far, at least six crew members from Serbia and Samoa have been charged with conspiracy to possess cocaine aboard a ship. The ship’s second mate reportedly told investigators that he had been promised $50,000 for handling the cargo.
16
Posted on 7/15/19 at 12:16 am to MrLSU
Sorry for planning a party... 
Posted on 7/15/19 at 12:17 am to MrLSU
Just watched that Mark Wahlberg movie 
Posted on 7/15/19 at 12:18 am to MrLSU
Wir wissen
Anyone want some strudel?
Anyone want some strudel?
Posted on 7/15/19 at 12:19 am to MrLSU
We used to do this shite all the time back in high school. Can’t believe these tards got caught
Posted on 7/15/19 at 12:32 am to MrLSU
quote:someone may want to rewrite that law. 30 kilos is hell and away from 20 tons
g to possess more than five kilograms of cocaine.
Posted on 7/15/19 at 12:40 am to MrLSU
And the ship sails under a Liberian flag. Nice.
Posted on 7/15/19 at 12:40 am to MrLSU
All that Wall Street bonus money had to go somewhere.
If this was just the blow imagine the hookers involved on this party.
If this was just the blow imagine the hookers involved on this party.
Posted on 7/15/19 at 12:43 am to MrLSU
Ship named Sugar McBoogerSugar?
Posted on 7/15/19 at 12:58 am to MrLSU
It’s standard to let one get caught. So 40 tons made it trough. But seriously how big does an organization need to be to handle that much coke. Top guy distributes 10,000 pounds to 5 different groups?
Posted on 7/15/19 at 1:05 am to Rust Cohle
quote:
Top guy distributes 10,000 pounds to 5 different groups?
20 tons is actually 40K pounds
Which makes your question even more ridiculous once you adjust the math
Posted on 7/15/19 at 1:05 am to MrLSU
quote:
Was Caught From The Ship Owned By JP Morgan
Next at 10: house owned by GMFS raided in Baton Rouge drug bust.
Posted on 7/15/19 at 1:23 am to MrLSU
Drug money that is properly laundered is the fuel that keeps most major US and World banks afloat.
The Guardian
CNBC
The more you know!
The Guardian
CNBC
The more you know!
Posted on 7/15/19 at 1:25 am to 4quartaBamaball
quote:
Drug money that is properly laundered is the fuel that keeps most major US and World banks afloat.
The Guardian
CNBC
The more you know!
Interesting. Thanks for sharing
Posted on 7/15/19 at 1:28 am to TigerStripes06
quote:
And the ship sails under a Liberian flag. Nice.
Pretty much all of them do, just as pretty much all US corporations are chartered in Delaware. Cheap and easy regulations.
This post was edited on 7/15/19 at 1:30 am
Posted on 7/15/19 at 3:01 am to Weagle25
quote:
Just watched that Mark Wahlberg remake
Fify
Posted on 7/15/19 at 7:04 am to TigerStripes06
quote:
And the ship sails under a Liberian flag. Nice.
I was curious so I googled ‘Liberian flag’.
I immediately received a notification that my search patterns are suspicious and was shown a blocked picture of streetlights and prompted to select the blocks containing them to prove I was not a robot.
Posted on 7/15/19 at 7:13 am to OneFifty
Liberia is a flag of convenience state. The biggest of which is Panama. The vast majority of ships registered under flags of convenience are actually owned by entities from other countries.
Posted on 7/15/19 at 10:31 am to MrLSU
This one is gonna set me back a tad but I’m just glad they missed the one with 40 tons on it
Posted on 7/15/19 at 9:29 pm to MrLSU
How many people died because of this.
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