Business > Travel

Here's what 5 experts told us about the $1 billion worth of cocaine found on a boat owned by JPMorgan

One year ago   |   By Business Insider

We spoke to the author of "Narconomics" and other experts about the estimated $1 billion worth of cocaine found on a ship owned by JPMorgan.
They said the drugs are probably worth less than $500 million, and the smugglers may have used a high-profile boat to avoid suspicion.
The smugglers probably paid off authorities, and US officials potentially blew their chance to catch them by seizing the drugs in Philadelphia.
View Markets Insider's homepage for more stories .
An estimated $1 billion worth of cocaine was recently found on the MSC Gayane, a container ship operated by Mediterranean...
Read more ...

 

Here's what 5 experts told us about the $1 billion worth of cocaine found on a boat owned by JPMorgan

Here's what 5 experts told us about the $1 billion worth of cocaine found on a boat owned by JPMorgan

One year ago   |   By Business Insider

We spoke to the author of "Narconomics" and other experts about the estimated $1 billion worth of cocaine found on a ship owned by JPMorgan.
They said the drugs are probably worth less than $500 million, and the smugglers may have used a high-profile boat to avoid suspicion.
The smugglers probably paid off authorities, and US officials potentially blew their chance to catch them by seizing the drugs in Philadelphia.
View Markets Insider's homepage for more stories .
An estimated $1 billion worth of cocaine was recently found on the MSC Gayane, a container ship operated by Mediterranean...
Read more ...

 


Search by Tags

   Travel      Market      Europ  


Facing criticism over handling of arrests during unrest, State's Attorney...

Facing criticism over handling of arrests during unrest, State's Attorney Kim Foxx defends dropping cases

CHICAGO - Cook County State's Attorney Kim Foxx faced criticism from downtown business owners, the police superintendent and her political rivals Monday over her approach to... Read more ...

New York's MTA wants safer COVID-19 iPhone unlocking, and so should you

New York's MTA wants safer COVID-19 iPhone unlocking, and so should you

A prominent public transportation system has asked Apple to improve the iPhone's face-based unlocking system for public use. Here's how that should happen. Read more ...

A California judge ruled that Uber and Lyft have to classify their drivers...

A California judge ruled that Uber and Lyft have to classify their drivers as employees, not contractors

Uber and Lyft will have to treat their California drivers as employees rather than independent contractors, a judge ruled Monday. The two companies were sued by the California... Read more ...

MGM Resorts soars 25% after IAC buys 12% stake, calling it 'once in a decade...

MGM Resorts soars 25% after IAC buys 12% stake, calling it 'once in a decade opportunity'

MGM Resorts soared as much as 25% on Monday after IAC said it bought a 12% stake in the company for approximately $1 billion. IAC Chairman Barry Diller called investing in MGM... Read more ...

Inside McDonald's year of scandals and its race to fix its reputation as the...

Inside McDonald's year of scandals and its race to fix its reputation as the fast-food giant sues its ex-CEO over alleged sexual relationships with employees

McDonald's filed a new lawsuit alleging that former CEO Steve Easterbrook had sexual relationships with three coworkers and destroyed evidence of these... Read more ...

McDonald's files lawsuit against former CEO alleging he had multiple sexual...

McDonald's files lawsuit against former CEO alleging he had multiple sexual relationships with employees and lied to investigators

McDonald's is filing a lawsuit against former CEO Steve Easterbrook. On Monday, the fast-food giant filed litigation against Easterbrook, alleging that the former CEO destroyed... Read more ...

Putin congratulates Lukashenko on winning presidential vote in Belarus

Putin congratulates Lukashenko on winning presidential vote in Belarus

Vladimir Putin has congratulated his Belarusian counterpart Alexander Lukashenko on retaining his job following Sunday's election, expressing hope that he will continue to... Read more ...

Amazon rebrands Twitch Gaming as Prime Gaming to broaden audience

Amazon rebrands Twitch Gaming as Prime Gaming to broaden audience

Amazon has rebranded its Twitch Gaming membership benefits program to Prime Gaming. The move is part of an attempt to broaden its appeal. Read more ...

Ohio Gov. Mike DeWine entered a pact to buy thousands of COVID-19 antigen...

Ohio Gov. Mike DeWine entered a pact to buy thousands of COVID-19 antigen tests. After a false positive, he's more skeptical

Ohio Gov. Mike DeWine tested positive for COVID-19 on August 6, but subsequent tests came back negative. Speaking to CNN, the Republican governor said the experience points to... Read more ...

Hong Kong media tycoon Jimmy Lai predicted that he would be arrested under...

Hong Kong media tycoon Jimmy Lai predicted that he would be arrested under China's new national security law, but said he would still stay and fight

Jimmy Lai, one of Hong Kong's most prominent pro-democracy voices, arrested under China's new national security law on Monday. Lai, who partly owns the publisher of the... Read more ...