US Customs just seized a ship owned by JPMorgan after authorities found $1 billion worth of drugs on it

submitted by magnora7 from businessinsider.my

sorted by:
top
newinsightfulfun
you are viewing a single comment's thread.

view the rest of the comments →

[–]magnora7[S] 6 insightful - 1 fun6 insightful - 0 fun7 insightful - 1 fun -  (3 children)

This comes just weeks after authorities found more than $1 billion worth of cocaine on a previous vessel in what was one of the largest drug busts in American history.

CPB 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.

That is a lot of cocaine. Holy crap. Owned by JPMorgan Chase. How about that.

[–]HumanBN 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 1 fun -  (2 children)

Two vessels with 1b. worth each?

[–]magnora7[S] 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (1 child)

Seems that way, yes.

[–]JasonCarswell 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Pinching the supply? Creating more problems? Manufacturing rarity?

The strategy of tension is getting intense. I can't wait to see how it finally all pops off.