Jamie Dimon’s JPMorgan Involved in $1 Billion Cocaine Bust

Posted on 07/10/2019


On July 4, 2019 (Independence Day for the United States), U.S. Customs and Border Protection seized a container ship chartered by Geneva-based Mediterranean Shipping Company S.A. and owned by client assets in a maritime strategy offered by JPMorgan Asset Management. U.S. government authorities found about US$ 1.3 billion worth of cocaine on the vessel. This […]