HARADHEERE, Somalia (Reuters) - In Somalia's main pirate lair of Haradheere, flamboyant pirate gangs have set up a cooperative to fund their hijackings offshore, a sort of stock exchange meets criminal syndicate.
Heavily armed pirates from the lawless Horn of Africa nation have terrorized shipping lanes in the Indian Ocean and strategic Gulf of Aden, which links Europe to Asia through the Red Sea.
The gangs have made tens of millions of dollars from ransoms and a deployment by foreign navies in the area has only appeared to drive the attackers to hunt further from shore.
It is a lucrative business that has drawn financiers from the Somali diaspora.
WALL STREET USA - In America's main pirate lair of Wall Street, pinstriped pirate gangs have set up a scheme to fund their derivative hijackings offshore, a sort of criminal syndicate meets capital market exchange.
Heavily armed pirates from the lawless Goldman Sachs clan and others have terrorized financial markets all the way from Wall Street, the executive suite of AIG, Europe and Asia to the Indian Ocean and strategic Gulf of Aden, which links Europe to Asia to Dubai.
The banker gangs have made tens of billions of dollars from fat commissions and bonuses and a deployment of Federal regulators in the area has only appeared to drive the attackers to hunt further from shore.
It is a lucrative business that has drawn financiers from the Ivy League diaspora.
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