U.S. Authorities Seize 20 Tons Of Cocaine From Ship Owned By JP Morgan

``In one of the largest drug busts in U.S. history, federal authorities in Philadelphia seized nearly 20 tons of cocaine--worth about $1 billion-- last month from a ship owned by JP Morgan's asset management arm... The ship, called MSC Gayne, is operated by Switzerland-based Mediterranean Shipping Company, but it was financed by a transportation strategy fund run by JP Morgan's asset management arm, CNN Business reported.'