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News & General Discussion => News Stories and Current Events => Topic started by: Shiranu on July 13, 2019, 05:18:07 PM

Title: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Shiranu on July 13, 2019, 05:18:07 PM
https://www.complex.com/life/2019/07/feds-seize-jpmorgan-chase-cargo-ship-20-tons-cocaine?utm_medium=social&utm_source=twitter.com&utm_campaign=complexmag (https://www.complex.com/life/2019/07/feds-seize-jpmorgan-chase-cargo-ship-20-tons-cocaine?utm_medium=social&utm_source=twitter.com&utm_campaign=complexmag)


Quote
As outlined in a CNN report filed Wednesday, 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.

Specifically, the MSC Gayane ship is among those used as part of the bank's transportation strategy fund, utilized for asset management. 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.

During the initial seizure June 17, the coke in question was taken by the United States Customs and Border Protection (CBP) agency. Earlier this month, however, it was announced that a warrant had been issued allowing the ship itself to be taken by authorities. It will now be under such custody until determined otherwise by a court, per a Department of Justice press release from earlier this week.


According to CBP's Baltimore Director of Field Operations Casey Durst, the MSC Gayane currently stands as "the largest vessel seized" in the CBP's 230-year history. "This action [of seizing the ship] serves as a reminder for all shipping lines and vessel masters of their responsibilities under U.S. and international law to implement and enforce stringent security measures to prevent smuggling attempts such as this," Durst said.


Gotta love the defense of "no operational control"... we weren't doing anything wrong, we were just paying the people who were.


Fuck the rich.
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Unbeliever on July 13, 2019, 05:37:38 PM
I wonder how many low level people will be used as scapegoats to keep the rich ones out of jail?
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Cavebear on July 13, 2019, 05:58:06 PM
https://www.complex.com/life/2019/07/feds-seize-jpmorgan-chase-cargo-ship-20-tons-cocaine?utm_medium=social&utm_source=twitter.com&utm_campaign=complexmag (https://www.complex.com/life/2019/07/feds-seize-jpmorgan-chase-cargo-ship-20-tons-cocaine?utm_medium=social&utm_source=twitter.com&utm_campaign=complexmag)



Gotta love the defense of "no operational control"... we weren't doing anything wrong, we were just paying the people who were.


Fuck the rich.

I'm trying to picture that as ballast.  Don't get me wrong, I never tried anything stronger than a white cross speed (which mostly just made me talk a lot). 

But 20 tons of cocaine?  That must have been the world's most interesting shipping container dust for the crew... 

I'm wondering...  What would 20 tons of cocaine ever BE like?  A shipping container of sugar?  How could anyone even gather that much?  Seriously, that would be like the GDP of a major country.  And what did they do with it, dump it into the ocean?  No wonder dolphins follow ships...
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Shiranu on July 13, 2019, 06:17:37 PM
I'm trying to picture that as ballast.  Don't get me wrong, I never tried anything stronger than a white cross speed (which mostly just made me talk a lot). 

But 20 tons of cocaine?  That must have been the world's most interesting shipping container dust for the crew... 

I'm wondering...  What would 20 tons of cocaine ever BE like?  A shipping container of sugar?  How could anyone even gather that much?  Seriously, that would be like the GDP of a major country.  And what did they do with it, dump it into the ocean?  No wonder dolphins follow ships...

Depending on what Department ends up with custody of it, probably sell it in low-income neighbourhoods.

Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Baruch on July 13, 2019, 06:38:44 PM
Depending on what Department ends up with custody of it, probably sell it in low-income neighbourhoods.

Correct.  CIA is behind the illegal drug business.
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Gawdzilla Sama on July 13, 2019, 07:52:40 PM
What are Chase being charged with?
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Shiranu on July 13, 2019, 08:19:24 PM
What are Chase being charged with?

Nothing, as far as I know. Funding criminals isn't a crime, if you are wealthy enough... or piss off enough people to get a slap on the wrist.

Wasn't JPMorgan one involved with money laundering for Colombian drug lords and got a slight fine for it? I know one of the big banks were. Would be... very coincidental... that a bank who moves money for Colombian cartels would just so happen to also be involved with cocaine smuggling...
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Baruch on July 13, 2019, 08:30:03 PM
Nothing, as far as I know. Funding criminals isn't a crime, if you are wealthy enough... or piss off enough people to get a slap on the wrist.

Wasn't JPMorgan one involved with money laundering for Colombian drug lords and got a slight fine for it? I know one of the big banks were. Would be... very coincidental... that a bank who moves money for Colombian cartels would just so happen to also be involved with cocaine smuggling...

It was Cartel money that saved the world during the 2008 crisis, because banks never launder money for the crime lords.
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Baruch on July 13, 2019, 08:30:38 PM
What are Chase being charged with?

Sgt Schultz was in charge ... "I saw nothing ..."
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Draconic Aiur on July 14, 2019, 07:19:48 PM
Because free market
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Baruch on July 14, 2019, 11:14:25 PM
Because free market

Yes.  We could save a lot of taxes, if we legalized everything, not just open borders.  The AOC would have to find a real bartending job (she is still cute enough).  I think a lot of regular posters here, are partial anarchists.  Like the Founding Fathers.  But that is the problem with partisan anarchism.  I want my lawlessness, not your lawlessness.
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Gawdzilla Sama on July 15, 2019, 12:39:55 PM
Nothing, as far as I know. Funding criminals isn't a crime, if you are wealthy enough... or piss off enough people to get a slap on the wrist.

Wasn't JPMorgan one involved with money laundering for Colombian drug lords and got a slight fine for it? I know one of the big banks were. Would be... very coincidental... that a bank who moves money for Colombian cartels would just so happen to also be involved with cocaine smuggling...
Nothing new. Most of the slavers the USN and RN captured trying to get slaves into the US antebellum were financed by Northern interests.
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Baruch on July 15, 2019, 01:10:25 PM
Nothing new. Most of the slavers the USN and RN captured trying to get slaves into the US antebellum were financed by Northern interests.

Actually by the vast Jewish conspiracy ... just asks Hamas!  Yes, the North were hypocrites.  Nothing new there.  For 5000 years, slavery was legal.  Not that I care for it myself.  Jews are traditionally against slavery, for some strange reason.
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: PopeyesPappy on July 16, 2019, 07:13:46 AM
While JP Morgan Chase is undoubtedly one of the big, bad, evil banks, fraud, money laundering that sort of thing, I seriously doubt they've gone into the drug smuggling business. They bought a ship and leased it to a shipping company. They probably had an agreement in place to lease the ship to MSC before they bought it. Technically they don't even own the ship. A fund they manage does. The investors in the actually own the ship.

The bank does not make decisions on where the ship goes or what it carries. MSC does all that.
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Baruch on July 16, 2019, 12:17:38 PM
While JP Morgan Chase is undoubtedly one of the big, bad, evil banks, fraud, money laundering that sort of thing, I seriously doubt they've gone into the drug smuggling business. They bought a ship and leased it to a shipping company. They probably had an agreement in place to lease the ship to MSC before they bought it. Technically they don't even own the ship. A fund they manage does. The investors in the actually own the ship.

The bank does not make decisions on where the ship goes or what it carries. MSC does all that.

Plausible deniability.  Building 7.
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Shiranu on July 16, 2019, 10:08:56 PM
While JP Morgan Chase is undoubtedly one of the big, bad, evil banks, fraud, money laundering that sort of thing, I seriously doubt they've gone into the drug smuggling business. They bought a ship and leased it to a shipping company. They probably had an agreement in place to lease the ship to MSC before they bought it. Technically they don't even own the ship. A fund they manage does. The investors in the actually own the ship.

The bank does not make decisions on where the ship goes or what it carries. MSC does all that.

I had to look it up to make sure; JP Morgan are infact one of the banks that got slapped with a billion dollar fine for laundering money for drug cartels and has been accused multiple times of being complicit in helping their businesses though things like loans and access to their services.

If this was just an isolated, one off situation... okay, sure fine I would buy that. But when you have a business that has repeatedly done business with drug cartels getting caught with billions of dollars worth of coke on a ship they financed? There is something extremely suspicious about that. It's a hole of suspicion they dug themselves into.

And you don't think their lawyers made sure that there was any and every excuse they could come up with as to why it's not "really" JP Morgan?
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Baruch on July 17, 2019, 12:11:42 AM
CIA controls the drug cartels.  And money laundering.  They are a government within a government.
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: PopeyesPappy on July 17, 2019, 07:43:19 AM
Authorities in Philadelphia released the MSC Gayane yesterday after MSC posted a $50 million surety bond that included $10 million in cash. The ship is worth about $90 million. Eight members of the crew, not including any of the senior crew, have been detained. The government may still pursue forfeiture proceeding if it is determined any of the senior crew was involved.

That sounds to me like the government currently believes this crime was committed by rank and file members of the crew, not JP Morgan or MSC.
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Baruch on July 17, 2019, 10:23:39 AM
Authorities in Philadelphia released the MSC Gayane yesterday after MSC posted a $50 million surety bond that included $10 million in cash. The ship is worth about $90 million. Eight members of the crew, not including any of the senior crew, have been detained. The government may still pursue forfeiture proceeding if it is determined any of the senior crew was involved.

That sounds to me like the government currently believes this crime was committed by rank and file members of the crew, not JP Morgan or MSC.

The underlings were guilty of being caught.  Just ask Al Capone (who except for the unconstitutional IRS, would still be at large).
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Shiranu on July 17, 2019, 12:12:03 PM
The underlings were guilty of being caught.  Just ask Al Capone (who except for the unconstitutional IRS, would still be at large).

Exactly this.

These multinational, multi-trillion dollar banks are just legalized mafia families, pure and simple. They extort, sell toxic loans and plans,, and bribe authorities to turn a blind eye to it.

Most Godfathers and their closest associates never did anything “illegal” either, that doesn’t mean they weren’t aware of it or profiting.

Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Gawdzilla Sama on July 17, 2019, 12:15:21 PM
Actually by the vast Jewish conspiracy ... just asks Hamas!  Yes, the North were hypocrites.  Nothing new there.  For 5000 years, slavery was legal.  Not that I care for it myself.  Jews are traditionally against slavery, for some strange reason.
Slavery was legal in the South then, but importation of slaves was illegal. The Southerners liked that, no new slaves meant their "property" was worth more.
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Baruch on July 17, 2019, 04:04:43 PM
Slavery was legal in the South then, but importation of slaves was illegal. The Southerners liked that, no new slaves meant their "property" was worth more.

Otherwise that obscure provision (banning import) in the original Constitution would not have been added.  Slaves can be made to breed.  The Federalists had to secure approval of the South to have the Constitution ratified at all.  That is why slaves also partially counted for apportionment.  There was still some smuggling however, because it is more exciting.

https://www.youtube.com/watch?v=pGeoFbTr3k0

A young man was worth about $10,000 each in modern money.
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Cavebear on July 20, 2019, 04:58:33 AM
The underlings were guilty of being caught.  Just ask Al Capone (who except for the unconstitutional IRS, would still be at large).

When you go into idiotic statements like "unconstitutional IRS" you show yourself to be a typical conspiracy theorist.

I don't like to just provide links for an argument, but in this case there are so many that I can't summarize them all.

unconstitutional IRS (http://unconstitutional IRS)

Read em and weep B...
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Baruch on July 20, 2019, 06:08:41 AM
When you go into idiotic statements like "unconstitutional IRS" you show yourself to be a typical conspiracy theorist.

I don't like to just provide links for an argument, but in this case there are so many that I can't summarize them all.

unconstitutional IRS (http://unconstitutional IRS)

Read em and weep B...

Happens to be true about a number of amendments.  They put some boilerplate in, and then all the rest is spelled out in "subsequent legislation".  That is true for the IRS/Fed Reserve amendment.  Basically Congress was incompetent or criminal.  I lean toward ... they were criminal.

The current SCOTUS, POTUS and Congress are criminal ... nothing has changed.  There is nothing about the US that is worth defending ideologically ... the Far Left SJW are correct on that.  I only defend it, because I live here.  If I didn't live here, I wouldn't defend it.

You folks don't realize, my real position isn't conventional.  And for presentation, is bent rhetorically.  I would defend my apartment too, but not because "George Washington Slept Here".
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Cavebear on July 20, 2019, 07:37:12 AM

...You folks don't realize, my real position isn't conventional...

You underestimate us...  I think I can say that most of us HAVE noticed that your positions are not only "not conventional" but don't actually even make much sense most of the time.

Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Baruch on July 20, 2019, 10:10:00 AM
You underestimate us...  I think I can say that most of us HAVE noticed that your positions are not only "not conventional" but don't actually even make much sense most of the time.

I thought y'all were all "projection" ... anyone not agreeing with y'all is ... A Trump supporter, a racist, a misogynist, a Putin supporter etc ... name that boogieman.
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Cavebear on July 20, 2019, 10:14:59 AM
I thought y'all were all "projection" ... anyone not agreeing with y'all is ... A Trump supporter, a racist, a misogynist, a Putin supporter etc ... name that boogieman.

Have you ever considered that you are the only star of "The Baruch Show" and that we are all here just to keep you busy...?  Would you be certain?  It might be my job to keep you occupied while the other actors get in place...  Or not.
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Baruch on July 20, 2019, 10:37:47 AM
Have you ever considered that you are the only star of "The Baruch Show" and that we are all here just to keep you busy...?  Would you be certain?  It might be my job to keep you occupied while the other actors get in place...  Or not.

All the world is a stage.  Forsooth thou own bile runneth hot at times.
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Cavebear on July 20, 2019, 11:30:25 AM
All the world is a stage.  Forsooth thou own bile runneth hot at times.

Nice!  I actually thought that might be Shakespeare...  But no search revealed it as such. 
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Baruch on July 20, 2019, 11:32:47 AM
Nice!  I actually thought that might be Shakespeare...  But no search revealed it as such.

Shakespeare borrowed from me ... the limey bastard!
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Cavebear on July 20, 2019, 11:37:53 AM
Shakespeare borrowed from me ... the limey bastard!

Did you see the old Twilight Zone episode about the Shakespeare scholar who went back to the past only to discover HE wrote all the plays?

And there is a new movie out, 'Yesterday', about a guy who discovers he is the only person who remembers 'The Beatles' and re-does all their songs...
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Baruch on July 20, 2019, 11:49:39 AM
Did you see the old Twolight Zone episode about the Shakespeare scholar who went back to the past only to discover HE wrote all the plays?

And there is a new movie out, 'Yesterday', about a guy who discovers he is the only person who remembers 'The Beatles' and re-does all their songs...

Nope.  But if you follow Blackadder ... he wrote them all.
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Cavebear on July 20, 2019, 12:56:52 PM
Nope.  But if you follow Blackadder ... he wrote them all.

Now I'm confused.  I distinctly recall a TV episode of some show where a writer went back in time only to discover Shakespeare was a hack and he had to write all the plays from memory (setting up a logic loop) and I can't remember what show it was from!  ACK...  I thought it was the Twilight Zone, but I can't find it.  Any help, anyone?
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Unbeliever on July 20, 2019, 01:12:47 PM
Nice!  I actually thought that might be Shakespeare...  But no search revealed it as such. 
couldn't be The Bard - too grammatically incorrect, and the Bard was never that, at least.
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Unbeliever on July 20, 2019, 01:18:03 PM
Now I'm confused.  I distinctly recall a TV episode of some show where a writer went back in time only to discover Shakespeare was a hack and he had to write all the plays from memory (setting up a logic loop) and I can't remember what show it was from!  ACK...  I thought it was the Twilight Zone, but I can't find it.  Any help, anyone?

Here's one story, but I don't think it's the one you're looking for:

http://www.mayofamily.com/RLM/txt_Asimov_TheImmortalBard.html

I'll look around some moer, see if I can find it, since I, too, vaguely remember it.
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Cavebear on July 20, 2019, 01:23:36 PM
couldn't be The Bard - too grammatically incorrect, and the Bard was never that, at least.

Interesting point.  But grammar was not the same then.  And indeed, Will created some of it himself.
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Unbeliever on July 20, 2019, 01:24:44 PM
Yeah, so does Baruch! LOL
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Cavebear on July 20, 2019, 01:49:07 PM
Here's one story, but I don't think it's the one you're looking for:

http://www.mayofamily.com/RLM/txt_Asimov_TheImmortalBard.html

I'll look around some moer, see if I can find it, since I, too, vaguely remember it.

That wasn't it, but as you said, you knew that.  But the link was GREAT.  Thank you.  I had never read that short before.  Good old Asimov!

I'm thinking 'Outer Limits' maybe?

Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Unbeliever on July 20, 2019, 01:53:35 PM
I tried more searching, but couldn't find anything, other than a reference to "The Muse," but that hasn't panned out yet, either.
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Cavebear on July 20, 2019, 02:31:19 PM
I tried more searching, but couldn't find anything, other than a reference to "The Muse," but that hasn't panned out yet, either.

I registered with a sci-fi site (Alien Soup) to ask.  I hope for a reply. 
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Unbeliever on July 20, 2019, 02:33:16 PM
Let's hope it doesn't turn out to be a case of the Mandela effect...


:-P
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Cavebear on July 20, 2019, 03:04:53 PM
Let's hope it doesn't turn out to be a case of the Mandela effect...


:-P

I had to look that up.  False memories is a touchy subject in my family.  Youngest sister nd Mom had some real arguments about memories...

Well, I have some pretty specific memories of the show.  And not much reason to have created it out of whole cloth.  It was black&white, and I dream in color( I think).  I seem to recall specific scenes and actors.  I think that if I was shown several still shots I would pick out the one that was the real episode.

On the other hand, if my memory is false, I have one great 22 minute short to pitch to Hollywood...
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Baruch on July 20, 2019, 04:51:15 PM
My mother and I had different recollections, in her old age.

https://www.youtube.com/watch?v=rzHn2H2V8N4

I think this was the final episode of the series.
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Unbeliever on July 20, 2019, 05:00:36 PM
Actually, as we all know, New Year's Eve 1999 wasn't the start of either the new century or the new millennium.
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Baruch on July 20, 2019, 05:07:30 PM
Actually, as we all know, New Year's Eve 1999 wasn't the start of either the new century or the new millennium.

All your posts should be in a "spoiler box" ... you ruin everything!
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Cavebear on July 20, 2019, 06:38:23 PM
Never saw the show and didn't even know what the title meant until now...
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Unbeliever on July 20, 2019, 06:47:29 PM
Well, at least I'm good for something! LOL
Title: Re: JP Morgan Funded Cargo Ship Seized With $1.2-Billion Worth of Cocaine
Post by: Cavebear on August 01, 2019, 08:30:49 AM
Well, at least I'm good for something! LOL

Everyone is good for something.  I make perfect pancakes and very good omelets.  And I recycle stuff properly!  ;)