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International J P Morgan Chase owns a ship seized with 1.3 billion in cocaine on it

Discussion in 'The War Room' started by PEB, Jan 12, 2020.

  1. PEB Great turntable of space and time dude

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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.

    "
    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
     
  2. tonni POTY 2020 Banned

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    Lawyers, bankers and judges are some of the worst cokeheads you can imagine.
     
  3. foxnewsfan Red Belt

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    I believe this the first time anyone has smuggled drugs on someone else’s ship.
     
  4. Dirt Road Soldier All Praise To The Gun!

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    Figured I would point this out in large, bold lettering since it's the most important line in the second paragraph. JP Morgan owning the ship is literally the smallest part of the story, and shouldn't even be included in the thread title as they had nothing to do with the cocaine being smuggled.
     
  5. nostradumbass Steel Belt

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    Mitch McConnell didn't own this one?

    <TheWire1>
     
  6. Mr Holmes You talking money, need a hearing aid

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    You'll never guess what happened next!!
     
  7. Stoic1 Weapons are my religion

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    Do you think that Asset Forfeiture laws will apply, or will Chase wiggle around that one too?
     
  8. HockeyBjj Putting on the foil

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    So, a person's car with more than personal use drugs can get impounded, and even other vehicles/assets can be victims of civil forfeiture

    Impound this drug ship and the rest fleet. It could reasonably assumed that it may have been bought with drug money.

    Isn't that the litmus normal busted drug dealers are put under?
     
  9. Fluffernutter Gold Belt

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    Then, asset forfeiture laws would be fast tracked to SCOTUS
     
  10. VivaRevolution Banned Banned

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    Cocaine Mitch, getting that quid pro quo for deregulating the banks.
     
  11. Fawlty Banned Banned

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    I think it's a safe bet that if you had a rental property, and it was being used by the tenant to facilitate a major drug operation, it would be seized. I don't know a whole lot about asset forfeiture though.
     
  12. TheLinguist You’ve yee’d your last haw Banned

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    I wanna party on that ship, I’m guess all the crew were bug eyed and thirsty AF
     
  13. RoJo303 Banned Banned

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    Where's Lord Jon Snow when you need him?

    [​IMG]
     
  14. Brodels Banned Banned

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    The amount of cocaine that's been seized lately hurts my ❤️
     
  15. Mendacious Banned Banned

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    Don’t be silly, Stoic1. Asset forfeiture laws are for poor people.
     
  16. Ruprecht Hands Of The Judges Staff Member Senior Moderator

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    I guess that might almost be enough for their Corporate and Investment Bank division.
     
  17. KONG-D'SNT-TAP Banned Banned

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    This really isn’t even big news imo. Remember when HSBC was caught laundering close to a billion dollars worth of drug cartel money.
     
  18. Sketch (҂`_´) <,︻╦╤─ ҉ - - - Double Yellow Card

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    Nice to see some of the liberal posters here becoming self aware.

    A major investment firm and Bank has a 'ship' that get's caught with a billion dollars worth of drugs. Hmm.
     
  19. RetiredSlave Red Belt

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    Indulgence of the wealthy works too. Doctors, dentists, LEO brass etc. etc.
     
  20. jgarner Silver Belt

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    The amount of cocaine that you have snorted also hurts your heart. Seems like cocaine is a source of heart pain regardless.
     

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