Tuesday, December 01, 2009

Pirates Use Stock Exchanges to Fund Hijackings

Somali pirates have created a new exchange in Haradheere, Somalia, to fund their hijackings offshore, Reuters reports. The pirates have made tens of millions of dollars so far, and their stock exchange offers shares for anybody to buy.


"Four months ago, during the monsoon rains, we decided to set up this stock exchange. We started with 15 'maritime companies' and now we are hosting 72. Ten of them have so far been successful at hijacking," said one pirate.

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