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Wed Jul 10, 2019, 09:39 AM

ICYMI:US Customs just seized a ship owned by JPMorgan after authorities found $1 billion worth of dr

Federal prosecutors in Philadelphia have seized a container ship operated by the Mediterranean Shipping Co., weeks after authorities found more than $1 billion worth of cocaine on the vessel in what was one of the largest drug busts in American history.
US Customs and Border Protection seized the ship on July 4, a statement out Monday said. The ship is owned by client assets in a maritime strategy offered by JPMorgan Asset Management, according to a person familiar with the matter. It is operated by the Switzerland-based MSC.
On June 17, border agents found 39,525 pounds of cocaine stashed in several containers on the MSC Gayane at the Philadelphia seaport. The street value of the drugs was estimated at about $1.3 billion, making it the largest cocaine seizure by the agency.

"A seizure of a vessel this massive is complicated and unprecedented but it is appropriate because the circumstances here are also unprecedented," US Attorney William McSwain said. "We found nearly 20 tons of cocaine hidden on this ship."


[link:https://markets.businessinsider.com/news/stocks/cocaine-ship-jpmorgan-owns-vessel-seized-by-us-cbp-2019-7-1028340025|

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Reply ICYMI:US Customs just seized a ship owned by JPMorgan after authorities found $1 billion worth of dr (Original post)
blondebanshee Jul 10 OP
global1 Jul 10 #1
flor-de-jasmim Jul 10 #3
justhanginon Jul 10 #2
malaise Jul 10 #6
Kid Berwyn Jul 10 #4
Hotler Jul 10 #5
keithbvadu2 Jul 10 #7

Response to blondebanshee (Original post)

Wed Jul 10, 2019, 10:09 AM

1. I Thought Trump Says These Drugs Are Coming Into....

the U.S. from Mexico?

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Response to global1 (Reply #1)

Wed Jul 10, 2019, 10:50 AM

3. Philadelphia, Tijuana - what's the diff to Trump?

If $1 billion is only "one" of the largest drug hauls, I wonder what the largest was?

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Response to blondebanshee (Original post)

Wed Jul 10, 2019, 10:45 AM

2. Gayanne must have very large calves!

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Response to justhanginon (Reply #2)

Wed Jul 10, 2019, 11:44 AM

6. DUzy

This is a HUUUUUUUUUUUUUUUGe story

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Response to blondebanshee (Original post)

Wed Jul 10, 2019, 11:00 AM

4. And people wonder why the rich get richer.

Ask Cocaine Mitch about the shipping business.

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Response to blondebanshee (Original post)

Wed Jul 10, 2019, 11:42 AM

5. If you were a drug dealer, would you be sending 20-tons at a time....

through the network? A ton at a time maybe, but not 20. 20-ton is a lot of product to risk and lose. Must be the CIA's.

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Response to blondebanshee (Original post)

Wed Jul 10, 2019, 10:15 PM

7. Under contract by Mitch McConnell's family?

Under contract by Mitch McConnell's family?

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