U.S. Authorities Seize 20 Tons Of Cocaine From Ship Owned By JP Morgan

nearly 20 tons of cocaine—worth about $1 billion— last month from a ship owned by JP Morgan's asset management arm.

19.76 tons of cocaine were seized from the ship when it arrived at Packer Marine Terminal in Philadelphia on June 17., is operated by Switzerland-based Mediterranean Shipping Company, but it was financed by a transportation strategy fund run by JP Morgan's asset management arm. The ship is leased out to MSC.

“This is one of the largest drug seizures in United States history. This amount of cocaine could kill millions—MILLIONS—of people. My Office is committed to keeping our borders secure and streets safe from deadly narcotics,” the tweet reads. This isn’t the first time MSC has experienced problems with drug trafficking aboard its ships. Earlier this year, authorities in Philadelphia13 large black duffel bags with a combined 450 bricks of cocaine being shipped in one of MSC’s shipping containers.

“Unfortunately, shipping and logistics companies are from time to time affected by trafficking problems. MSC has a longstanding history of cooperating with U.S. federal law enforcement agencies to help disrupt illegal narcotics trafficking and works closely with U.S. Customs and Border Protection ,” the company said in a

Why the continuous reference to the ship's owners? Investment companies own many things including ships, railroad cars, etc. Seems strange that JP Morgan's name is being associated with narcotics on every report.

It was only a matter of time they got into the cocaine business after minting their JPM coin.

Isn't this story a month old

Lydia is going to be pissed. Better make sure plenty of stevia is on hand.

Build a WALL.... oh wait...

Early preparations for the holiday party

Makes sense that JPM does this, why not by factory direct

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