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Well someones got to ship the tons of cocaine the bankers snort everyday on Wall Street and in Washington. OK nothing to see here but all the BS threads with sh&t titles lately figured this story could fit right in.
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A cargo ship that was seized last month with nearly 20 tons of cocaine on board — with an estimated street value of $1.3 billion — belongs to JP Morgan Chase, a source familiar with the situation confirmed to CBS News. U.S. Customs and Border Protection said this was the largest vessel ever seized in the agency's 230-year history.
The ship, the MSC Gayane, is owned by JP Morgan Asset Management clients through a transportation fund managed by the bank, a source said. JP Morgan leased the ship to Mediterranean Shipping Co., a Switzerland-based shipping company, which is solely responsible for the vessel's crews and operations.
JP Morgan Chase declined to comment on the record. Mediterranean Shipping Co. said in a statement, "Unfortunately, shipping and logistics companies are from time to time affected by trafficking problems." The shipping company said it is cooperating with U.S. law enforcement on the investigation. Neither JP Morgan Chase nor MSC are targets of the criminal investigation."
https://www.cbsnews.com/news/ship-s...IMaSRmsaUaHlMuh1cPhbQvidMEMdXU2WqFN6yB2lvVUHw
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A cargo ship that was seized last month with nearly 20 tons of cocaine on board — with an estimated street value of $1.3 billion — belongs to JP Morgan Chase, a source familiar with the situation confirmed to CBS News. U.S. Customs and Border Protection said this was the largest vessel ever seized in the agency's 230-year history.
The ship, the MSC Gayane, is owned by JP Morgan Asset Management clients through a transportation fund managed by the bank, a source said. JP Morgan leased the ship to Mediterranean Shipping Co., a Switzerland-based shipping company, which is solely responsible for the vessel's crews and operations.
JP Morgan Chase declined to comment on the record. Mediterranean Shipping Co. said in a statement, "Unfortunately, shipping and logistics companies are from time to time affected by trafficking problems." The shipping company said it is cooperating with U.S. law enforcement on the investigation. Neither JP Morgan Chase nor MSC are targets of the criminal investigation."
https://www.cbsnews.com/news/ship-s...IMaSRmsaUaHlMuh1cPhbQvidMEMdXU2WqFN6yB2lvVUHw