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

AOL.com | 7/9/2019 | tatiana-pile
abbycraig (Posted by) Level 3
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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.

Half - Dozen - Crew - Members - Homeland

At least a half a dozen crew members have been arrested, according to Homeland Security Investigations, and the investigation is ongoing.

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Prosecutors - Philadelphia - Container - Ship - Mediterranean

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.

June - CBP - Pounds - Cocaine - Containers

On June 18, CBP agents found 39,525 pounds of cocaine stashed in several containers on the MSC Gayane at the Philadelphia...
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