The United States Seized a Ship Owned by JP Morgan That Carried $1.3 Billion in Cocaine

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A container ship owned by JP Morgan was seized by U.S. Customs and Border Protection (CBP) in Philadelphia some weeks after authorities discovered more than one billion dollars worth of cocaine on the vessel.

The United States Seized a Ship Owned by JP Morgan That Carried $1.3 Billion in Cocaine

A container ship owned by JP Morgan was seized by U.S. Customs and Border Protection (CBP) in Philadelphia some weeks after authorities discovered more than one billion dollars worth of cocaine on the vessel.


On June 17th, 2019, U.S. Customs and Homeland Security led a multi-agency effort that detected inconsistencies in seven shipping containers and confiscated 39,525 pounds of cocaine. According to The Mind Unleashed, the cocaine has a street value of about $1.3 billion.


On July 4th, CBP executed a warrant and seized the MSC Gayane—which is the second-largest container ship in the world. The seagoing vessel is owned by JP Morgan Asset Management and operated by Switzerland-based Mediterranean Shipping Company, as the Wall Street Journal reported.


Eight crew members were arrested, according to Homeland Security, and many others were charged. Charges included conspiracy to possess cocaine, while the investigation is still ongoing.


The seized vessel sailed under Liberian flag and had previously traveled through Chile, Colombia, Panama, Peru, and the Bahamas, according to an online ship tracker.


Ironically, JP Morgan boss Jamie Dimon once blasted Bitcoin as being fraudulent, claiming it’s only useful “if you were a drug dealer [or] a murderer.”

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Thinking Humanity: The United States Seized a Ship Owned by JP Morgan That Carried $1.3 Billion in Cocaine
The United States Seized a Ship Owned by JP Morgan That Carried $1.3 Billion in Cocaine
A container ship owned by JP Morgan was seized by U.S. Customs and Border Protection (CBP) in Philadelphia some weeks after authorities discovered more than one billion dollars worth of cocaine on the vessel.
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