“A seizure of a vessel this massive is complicated and unprecedented - but it is appropriate because the circumstances here are also unprecedented,” said US Attorney William McSwain in a statement. On Monday, the US Attorney's Office of Pennsylvania announced that a warrant has been issued on July 4 permitting the CBP to take full custody of the ship. But JPMorgan Chase (JPM) has no operational responsibility of the vessel. The Liberian-flagged ship was part of a transportation strategy fund run by JP Morgan’s asset management division. The raid and drug seizure were conducted by the United States Customs and Border Protection (CBP) agency.

It was being operated by Switzerland based Mediterranean Shipping Company (MSC). The cargo vessel MSC Gayane was raided on June 17. “This amount of Fentanyl off the street almost certainly saved a life”, added Barbour.In one of the largest drug busts in American history, the U.S authorities in Philadelphia seized a container ship owned by banking giant JP Morgan that was carrying nearly 20 tons of cocaine valued more than $1 billion.

“We remain committed to targeting and stopping anyone who is engaged in the selling of deadly narcotics in the City of Titusville”, said Special Investigations Sgt. If convicted of these charges Gibson will face a minimum mandatory sentence of 25 years in prison. Gibson was taken into custody without incident at the residence and booked into the Brevard County Jail. Possession of a Firearm During the Commission of a Felony.VIRGIL GIBSON JR, 29, of Valley Lane, was charged with: Detectives estimate the street value of the seizure to be approximately $18,000.00. After the home was cleared by the SWAT team, detectives and crime scene personnel seized over 160 grams of Fentanyl, a highly potent and lethal Opioid that is often the main contributor in overdose deaths. A handgun and cocaine were also seized during the search.ĭetectives initially began their investigation after numerous tips about drug activity at the residence. On January 13, 2021, the Titusville Police Department Special Investigation’s Section executed a search warrant at a residence in the 3800 block of Valley Lane, resulting in a large seizure of the deadly drug Fentanyl.

Chase bank cocaine bust