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Feds are combing through ‘voluminous’ evidence after seizing $1 billion worth of cocaine on a JPMorgan-owned ship this summer

An officer stand guard over a fraction of the cocaine seized from a ship at a Philadelphia port that was displayed at a news conference at the U.S. Custom House in Philadelphia, Friday, June 21, 2019. Federal officials have estimated the seized drugs had a street value of more than $1 billion. (AP Photo/Matt Rourke)

  • Federal authorities are combing through “voluminous” evidence after seizing $1 billion worth of cocaine from a ship owned by JPMorgan this summer.
  • A Pennsylvania district court judge has granted prosecutors more time to trawl through over 4,000 hours of audio, data from more than 50 devices, upwards of 500,000 megabytes of vessel data, and other evidence.
  • Prosecutors accused Nenad Ilic, a nautical engineering trainee from Montenegro, of taking part in a conspiracy that involved mobile “narco” phones, ski masks, and acts of intimidation in an indictment filed last month.
  • Here are four surprising facts about the bust, here’s how read more >>>

    Source:: BusinessInsider.Com