20 ton coke bust, JP Morgan owned vessel.

[tod evans]

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

https://markets.businessinsider.com/...rt55dxzftgelgg

Federal prosecutors in Philadelphia have seized a container ship operated by the Mediterranean Shipping Co. and owned by JPMorgan Asset Management.
That came 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.
At least a half a dozen crew members have been arrested, according to Homeland Security Investigations, and the investigation is ongoing.
Visit Markets Insider for more stories.
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 18, CBP 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," said US Attorney William McSwain. "We found nearly 20 tons of cocaine hidden on this ship."
At least a half a dozen crew members have been arrested, according to Homeland Security Investigations, and the investigation is ongoing. Charges included conspiracy to possess cocaine aboard a ship.
The Gayane sailed under the flag of Liberia and had previously traveled through the Bahamas and several South American countries, according to an online ship tracker.
JPMorgan declined to comment. Mediterranean Shipping Co. did not immediately respond to an email inquiry.

[kpitcher]

HSBC was so big with the drug cartels that they had special boxes so they could fit boxes of money in the deposit windows.

Someone must have heard that and thought "Special boxes for drug money? Pffft, hold my beer" and went with a whole ship

[Anti Globalist]

Clearly the drugs were planted on that ship to make JP look bad.

[PAF]

End the War on Drugs. Data suggests that funding it only causes more problems than it is worth.

[donnay]

This is how the black markets flourish and they know it. They probably didn't pay off the right people to get it through without a hitch.

[TheTexan]

Winning the war on drugs 20 tons at a time

[Brian4Liberty]

They may have to cancel a party or two on Wall St. because of this. With a major coke bust and Epstein in trouble, those Wall St. parties just won’t be the same.

[Mach]

What bad luck, the first one to ever come through and it gets caught.

[Swordsmyth]

[devil21]

This is how the black markets flourish and they know it. They probably didn't pay off the right people to get it through without a hitch.

They should talk to Cory Booker and go back to Port of Newark delivery