Tag Archives: Piracy

EU court orders France to pay thousands to Somali pirates


EU court orders France to pay thousands to Somali pirates

http://f24.my/1zVm2Uz

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News: PIRACY PAYS OFF FOR CRIMINAL UNDERWORLD


Piracy Pays Off for Criminal Underworld

A joint World BankUN Office on Drugs and CrimeInterpolstudy estimates that between 2005 and 2012 acts ofpiracy brought in $339 million to $413 million in ransompayouts. Most of this money goes not to the pirates themselves but to the financiers behind them. These kingpins then use their ill-gotten gains to fund both legitimate business activities as well as various criminal operations, including further piracy, human trafficking, and drug and arms dealingMore… Discuss