U.S. Customs Seizes $1 Billion of Cocaine on JP Morgan Chase Ship in Largest Bust Ever

If you know, you know. . .

Last month, the United States customs seized a cargo ship carrying 20 tons of cocaine. The Philadelphia vessel contained 30,000 pounds of coke, and was revealed this week to be owned by banking giant, JPMoragn Chase.

In reports, it revealed that the Swiss-based Mediterranean Shipping Company and named the MSC Gayane, is a transportation strategy fund managed by the bank’s asset management unit.

The original bust happened on June 17th, as law enforcement agents issued an official search, and have valued the cocaine valued at over $1 billion.

The U.S. Attorney EDPA issued a statement saying, “Federal authorities have seized approximately 16.5 TONS of cocaine from a large ship at the Packer Marine Terminal in Philadelphia. This is the largest drug seizure in the history of the Eastern District of Pennsylvania.”

At the moment, arrest have been made from workers on the ship’s crew, as they’ve been federally charged – with an investigation underway.

The JP Morgan Chase-linked MSC Gayane ship, now becomes the largest vessel to be seized by the U.S. Customs and Border Protection ever.

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