JP Morgan Chase & Co (JPM)

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JPM in the Drug Cartel Business..
The cargo ship belongs to JP Morgan Chase through a transportation fund managed by the bank. JP Morgan leased the ship to the MSC, which is solely responsible for the vessel’s crews and operations.

The vessel was seized last month with nearly 20 tons of cocaine on board worth $1.3 billion. The massive cocaine loot was hidden in shipping containers carrying legitimate goods, such as wine, Chilean dried nuts, and scrap metal from the United Arab Emirates.

According to CBP’s director of field operations in Baltimore, “the MSC ‘Gayane’ is the largest vessel seized in US Customs and Border Protection’s 230-year history.”


Some of cocaine seized on the MSC Gayane in Philadelphia,
It was the second MSC ship raided in Philadelphia this year in a drug case. In March, nearly 1,200 pounds of cocaine were discovered onboard the MSC ‘Desiree,’ a similar-size vessel to the ‘Gayane.’

Authorities said 1.6 tons of cocaine were seized in February on another MSC vessel, the ‘Carlotta,’ as it entered the Port of Newark, New Jersey.