Ship Seized In Record $1.3 Billion Cocaine Bust Belongs To JPMorgan

Featured Story

Greed causes people to do all sorts of things they wouldn’t normally do. Watch any number of TV courtroom dramas, and the crime under consideration is usually motivated by jealousy or greed, or both. The love of money is what motivates people to lie, steal, cheat, gamble, embezzle, and even murder. People who have a love for money lack the godliness and contentment that is true gain in God’s eyes.

A few weeks ago we reported that around $1 billion worth of cocaine (15,500 kilos) was seized from a container ship at a Philadelphia port after having stopped in Colombia, Chile, Peru, Panama and the Bahamas (subsequently it turned out that it was a record $1.3 billion, or 18,000 kilos worth). 

Today we learn that the vessel, the MSC Gayane, is owned by JP Morgan, and has been seized by US authorities according to the Wall Street Journal.  The Gayane is the world’s second-largest container ship – operated by Switzerland-based Mediterranean Shipping Co, MSC. 

Sam Ro @SamRo

$91 million: The amount of cocaine that was supposed to be on that boat in the fictional movie “The Usual Suspects.”

$1.3 billion: The amount of cocaine in this boat. https://twitter.com/WSJ/status/1148634199076810758 …The Wall Street Journal✔@WSJMSC Gayane, owned by J.P. Morgan Asset Management, could be taken over by authorities after 20 tons of cocaine were found on the ship https://on.wsj.com/2Jomhpe 881:03 PM – Jul 9, 2019Twitter Ads info and privacy67 people are talking about this

“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 in a statement. “When a vessel brings such an outrageous amount of deadly drugs into Philadelphia waters, my office will pursue the most severe consequences possible against all involved parties in order to protect our district—and our country.” 

The Gayane was raided on June 17 by U.S. Customs and Border Protection agents who found about 20 tons of cocaine with a street value of $1.3 billion stashed in several containers. The ship had sailed from Freeport in the Bahamas and before that, it called in Panama and Peru after starting its voyage in Chile. It was due to sail on to Europe after the U.S. stop.

“MSC remains grateful to the government officials in the U.S. for their proactive work and has offered its continued support, building on a longstanding track record of good cooperation with the authorities,” an MSC spokesman said in a statement. “MSC is assisting and cooperating with the authorities as required and the company is not the target of any investigation.” –Wall Street Journal

The $90 million ship that can carry around 10,000 containers remains anchored at the Delaware River near the Philadelphia port and will stay there for quite some time according to the Journal

Eight crew members from Samoa and Serbia were arrested, while many others have been charged in the scheme according to those interviewed. The ship’s second officer and another crew member were also charged, and have been accused of helping to bring the contraband aboard. 

In February, Customs agents also seized 1.6 tons of cocaine on another MSC vessel, the Carlotta, upon entry into the Port of Newark, NJ. 

As a result of the two busts, MSC’s Customs-Trade Partnership certification has been temporarily suspended, meaning that the company’s cargo will be subject to enhanced scrutiny and can no longer be classified as “low risk.” MSC says it expects minimal disruption from the suspension. 

Historically, ships involved in criminal activity are older and beaten up,” said Basil Karatzas, CEO of New-York-based Karatzas Marine Advisors & Co. “It is strange that such a modern and expensive vessel is involved in such a blatantly criminal case, like moving 20 tons of cocaine.” 

StevieRay Hansen
Editor, Bankster Crime

MY MISSION IS NOT TO CONVINCE YOU, ONLY TO INFORM…

#Fraud #Banks #Money #Corruption #Bankers,#Powerful Politicians, #Businessmen

Source
BanksterCrime

Loading

Don't Miss

By BanksterCrime

BanksterCrime: By Pam Martens and Russ Martens: April 4, 2024 ~ On Wednesday, April 3, Cathie Wood, CEO and Chief Investment Officer of ARK Investment Management, reiterated…

Loading

Read More

By StevieRay Hansen

BanksterCrime: By Pam Martens and Russ Martens: April 3, 2024 ~ Finance Professors John Griffin (left) and Alex Priest Last August, the Journal of Finance published…

Loading

Read More

4/1/2024: The Threshold Sign of the Beast, Assembling the Essential Components for the Mark of the Beast “CBDC”

By StevieRay Hansen

By SRH, The Threshold Sign of the Beast, Assembling the Essential Components for the Mark of the Beast And he causeth all, both small and…

Loading

Read More

Watchman: On Friday the Savior Was Hung on the Cross on Saturday It Seemed Like All Hope Was Lost, Then Everything Changed Come Sunday Morning…

By StevieRay Hansen

The Day That Changed Everything The disciples were gathered in an upper roomTheir world was sealed up in a garden tombAnd there in the darkness,…

Loading

Read More

Watchman: It’s the Moment When the Music Stops Playing, Investors Stop Buying, and the Ponzi Game Ends Abruptly. It’s a Hard Crash. America’s on the Brink of Its Minsky Moment

By StevieRay Hansen

By SRH, The Bible reminds us to stay vigilant and protect our hearts from the corruption of sin. Evil can only infiltrate our lives if…

Loading

Read More

StevieRay Hansen

In his riveting memoir, "A Long Journey Home", StevieRay Hansen will lead you through his incredible journey from homeless kid to multimillionaire oilman willing to give a helping hand to other throwaway kids. Available on Amazon.

Leave a Comment