JPMorgan Chase-Owned Cargo Ship Carrying 20 Tons of Cocaine
Sheeesshhh someone tell them the holiday party is cancelled. These big companies are acting totally different.
U.S. authorities in Philadelphia seized a cargo vessel last month that was carrying nearly 20 tons of coke with a projected value of around $1.3 billion. The twist of it all, per the report, is that the ship in question is owned by a fund operated by JPMorgan Chase.
JPMorgan Chase, however, doesn't have any "operational control" of the ship, which authorities further described as being run by the Swiss-based Mediterranean Shipping Company.