Though Foremost has played a pivotal role in McConnell’s life, bestowing the senator with most of his personal wealth and generating thousands in donations to his campaign committees, the drug bust went unnoticed in Kentucky, where every bit of McConnell-related news has generated fodder for the campaign trail. That’s because, like many international shipping companies, Chao’s firm is shrouded from public view, concealing its identity and limiting its legal liability through an array of tax shelters and foreign registrations. Registered through a limited liability company in the Marshall Islands, the Ping May flies the Liberian flag.
From the Nation article: Mitch McConnell’s Freighted Ties to a Shadowy Shipping Company
Well this is interesting. Particularly with the Senate Minority Leader (and major Republican establishment crony) fighting for his life in the Kentucky Senate race.
From the Nation:
Though Foremost has played a pivotal role in McConnell’s life, bestowing the senator with most of his personal wealth and generating thousands in donations to his campaign committees, the drug bust went unnoticed in Kentucky, where every bit of McConnell-related news has generated fodder for the campaign trail. That’s because, like many international shipping companies, Chao’s firm is shrouded from public view, concealing its identity and limiting its legal liability through an array of tax shelters and foreign registrations. Registered through a limited liability company in the Marshall Islands, the Ping May flies the Liberian flag.
McConnell’s ties to the Chaos go back to the late 1980s, when James Chao began donating to the senator. In 1993, McConnell married James’s daughter, Elaine Chao, a Republican activist and then-former Reagan administration official who would later serve as Secretary ofLabor in the George W. Bush cabinet. James Chao emigrated to the United States from Taiwan, and founded the Foremost Maritime Corporation upon settling in New York. The company has grown significantly over the years, from acting as maritime agent during the Vietnam War to controlling a fleet of approximately 16 dry bulk cargo ships in operation today.
Nothing like a neo-feudal love story to make the eyes well up.
The firm, however, leaves a faint online trace. Foremost’s website FMCNY.com is blank. ??Records and court documents obtained by The Nation show that the ownership of the company’s vessels—with names such as Ping May, Soya May, Fu May, and Grain May—is obscured through a byzantine structure of tax entities. Most of Foremost’s vessels are flagged in Liberia, which ensures that crew members of Foremost’s ships work under Liberia’s maritime labor laws, which critics note allow for intimidation in the workplace and few protections for labor unions. In addition, a Liberian “flag of convenience” allows ship owners to pay lower tonnage taxes than ships that fly the U.S. flag. Maritime companies have increasingly used the Marshall Islands to register their vessels. The jurisdiction boasts of “no taxation, lax regulation, and no requirements for disclosure of many corporate details—even to the United States government,” according to a report in the World Policy Journal.
The recent seizure of cocaine on a Foremost coal ship came as authorities in Colombia have stepped up anti-drug trafficking enforcement in the region. The Nation spoke to Luis Gonzales, an official with the Colombian Coast Guard in Santa Marta, who told us that the Ping May’s crew were questioned as part of an ongoing investigation,but that no charges have yet been filed. His team found the cocaine in forty separate packages.
The Republican Senate minority leader’s personal wealth grew seven-fold over the last ten years thanks in large part to a gift given to him and his wife in 2008 from James Chao worth between $5 million and $25 million (Senate ethics forms require personal finance disclosures in ranges of amounts, rather than specific figures). The gift helped the McConnells after their stock portfolio dipped in the wake of the financial crisis that year, and ensured they could pay off more than $100,000 in mortgage debt on their Washington home.
The generous gift made McConnell one of the wealthiest members of the Senate, with a net worth averaging around $22.8 million, according to the Washington Post’s review of his financial disclosures.
Just in case you didn’t think these sorts of relationships have a direct effect on U.S. foreign policy, think again…
The ties between McConnell and his in-laws have come under scrutiny before. In 2001, they were probed in depth by The New Republic in an article that charged that McConnell led an effort to soften his party’s criticism of China. Through James Chao, who was a classmate of Jiang Zemin, the president of China in the 90s, McConnell and his wife met with Jiang several times, both in Beijing and in Washington.
McConnell subsequently tempered his criticism of Chinese human rights abuses, and broke with hawks like Senator Jesse Helms to support Most Favored Nation trading status with China. ??As Foremost established closer ties with mainland China, McConnell endorsed the position that the United States should remain “ambiguous” about coming to the defense of Taiwan. In 1999, McConnell and his wife appeared at the University of Louisville with Chinese Ambassador Li Zhaoxing. Li used the opportunity to bash congressional leaders for rebuking China over its repression of the Falun Gong religious sect.
“Any responsible government will not foster evil propensities of cults by being over-lenient,” Li reportedly said at the event with McConnell and Chao. Rather than distance himself from the remarks, McConnell reportedly spoke about his “good working relationship” with Li.
Requests for comment to the McConnell team about the Ping May cocaine incident have gone unanswered.
McConnell has positioned himself over the years as a tough on drugs politician. In 1996, McConnell was the sole sponsor of the Enhanced Marijuana Penalties Act, a bill to increase the mandatory minimum sentencing for those caught with certain amounts of marijuana. Apress release noted that his bill would make “penalties for selling marijuana comparable to those for selling heroin and cocaine.”
In recent weeks, McConnell has touted his role in calling for more federal money to be used for drug enforcement.
Readers of Liberty Blitzkrieg will know that I do not think there is such a thing as a “victimless crime,” and I am completely against the government led “war on drugs,” “war on terrorism” and “war on poverty.” Whenever the state declares “war” on something, you naturally get more of it.
All that said, the article above gives voters some important information on McConnell, particularly with regard to how the source of his wealth and his family ties actively impact his policy choices in Washington.
Like the Democratic Party leadership, the Republican Party establishment consists of a cadre of cronies merely trying to enrich themselves. McConnell is a huge part of the problem, and the American public should know more about him.
Don’t forget this post from 2012: Senate Leader McConnell Fighting AGAINST Campaign Finance Reform.
________________
cstrafe: Mitch McConnell’s father in law? What is he 150 years old?
edit: oh this is from 2014… What is he 147 years old?
That_Is_Precious: Here’s the original article:
https://www.thenation.com/article/mitch-mcconnells-freighted-ties-shadowy-shipping-company/
Mitch McConnell’s Freighted Ties to a Shadowy Shipping Company
After drugs were found aboard the Ping May, a vessel owned by his wife’s family’s company, Colombian authorities are investigating.
Mitch McConnell’s father-in-law, James Chao (second from right), at the christening of the Ping May in Shanghai (Image: Shanghai Mulan Education Foundation)
Before the Ping May, a rusty cargo vessel, could disembark from the port of Santa Marta en route to the Netherlands in late August, Colombian inspectors boarded the boat and made a discovery. Hidden in the ship’s chain locker, amidst its load of coal bound for Europe, were approximately 40 kilograms, or about ninety pounds, of cocaine. A Colombian Coast Guard official told The Nation that there is an ongoing investigation.
The seizure of the narcotics shipment in the Caribbean port occurred far away from Kentucky, the state in which Senator Mitch McConnell is now facing a career-defining election. But the Republican Senate minority leader has the closest of ties to the owner of the Ping May, the vessel containing the illicit materials: the Foremost Maritime Corporation, a firm founded and owned by McConnell’s in-laws, the Chao family.
Though Foremost has played a pivotal role in McConnell’s life, bestowing the senator with most of his personal wealth and generating thousands in donations to his campaign committees, the drug bust went unnoticed in Kentucky, where every bit of McConnell-related news has generated fodder for the campaign trail. That’s because, like many international shipping companies, Chao’s firm is shrouded from public view, concealing its identity and limiting its legal liability through an array of tax shelters and foreign registrations. Registered through a limited liability company in the Marshall Islands, the Ping May flies the Liberian flag.
Read More
Beavis357: He owns a company that has 17 large ocean freighters. It’s not like this was found on his personal yacht.
Weirdbhamcall: Mitch McConnell’s diet plan for his 2018 resolution of fitting back into the shell he wore in high school.
Fatburg: Fun fact: this article was posted on November 2, 2014.
Two days later (on November 4, 2014) the GOP took control of the Senate, making McConnell the Majority Leader.
babooshkayaya: He is also the father of Trump’s Transportation Secretary Elaine Chao, Mitch’s wife.
rbsams72888: There’s a joke in there somewhere. “Crack discovered in McConnell’s shell”
I reckon it’s called a boat’s “hull” and not a “shell”, otherwise joke is 10/10 would tell
TheWebOfSlime: Personal stash.
-SotallyTober-: I don’t like McConnell at all. He would be my first to go from the senate. I still don’t see what the point of this 3 year old article is? If he didn’t get in trouble for that shit then, it likely won’t bite him in the ass now. Wish it would.
mtlotttor: One way to finance an election.
g9g9g9g9: I remember when this story first broke. It was brushed aside very quickly. Same with that CIA play with TWO TONS Of cocaine on it that crashed.
ENYAY7: old
OfficialDudeGuy: Hmmmm, I wonder why _they_’d want to discredit Mitch McConnell, Hmmmmmmmmm.
hylozics: See, these are crime families that marry into each other. These are your leaders. The best organized criminals in the world.
And they are being out right now.
Sachyriel: This is from 2014, is it more relevant now?
Eyedeafan88: Doesn’t surprise me. Many politicians are involved with drugs.
pcp_or_splenda: Makes sense. No way Mitch’s net worth ([$27m](https://www.opensecrets.org/personal-finances/net-worth?cid=N00003389) is from entirely above board activities.
jrquint: Honestly, if my daughter marries the Senate Majority Leader, i will probably become an international drug dealer too. I mean come on, who wouldnt?
tachyonflux: The connection here is tenuous at best.
lonelyboats: So what happened to the guy?
HierEncore: they found charlie sheen’s stash?
5168675309: Cocaine is a true mind control drug. It enables a true hijack of your executive functions.
It may also temporarily turn straight men “Gay”. I have seen it happen. Some crazy things were done right in front of my eyes ever since I’ve been exposed to cocaine, for over 20 years. Seeing people snort cocaine, be stuck and talking nonsense, and then wanting to suck dick or be in crazy orgies.
It sounds funny, but it’s no joke…it’s real. And I live in an area where cocaine is cheap and it’s strong without much cut. And it smells like straight diesel or nail polish remover…always hard and crushes up into nice fine powder without much effort.
It’s a drug that gives a false sense of ego, truly fucks you up in the long run.
Even faster when you smoke it.
They should have left it alone in leaf/plant form.
AlvinItchyCock: No wonder Mitchs face is so droopy all that coke he snorts is numbing it.
BernieFiveEver: Headline should read:
>
> 90lbs Of Cocaine Found On Ship Owned By Trump Transportation Secratary’s father.
realister: living large
emcee-98: Shocking.
vedicgoku: Hope he atleast got high, before getting caught.
khronix31: Must suck having a job where your relatives being cunts makes you look bad.
handbanana12: Reminder that /r/conspiracy is Russia. Gamergate was Russia. Pizzagate was Russia. The wave of sex allegations is Russia. Donald Trump has never not been Russia.
Everyone in our government is guilty of something because it is all fundamentally been corrupted, and Russia is highlighting the signals in the noise because they want the United States to eat itself. They are attacking everyone that is working against the Trump administration, and their control of the Presidency.
I say let them destroy the government. Don’t necessarily let it destroy who you are though.
billmurri: This is years old. This isn’t a conspiracy. This sub feels like it’s been taken over by liberal shills.
Slab_Happy: [THEY FOUND IT !!!!](http://d1466nnw0ex81e.cloudfront.net/n_iv/600/1108887.jpg)
Universe-Deception: https://www.youtube.com/watch?v=eSBiX1oHaP0&t=304s
He talks about conspiracy in whole new level
ObliviousIrrelevance: That’s a lot of fuckin powder.
ExitTheWizard: A Clear and Present Danger
patped7: He’s the majority leader. Should tip you off that this was years ago..?
goingtohateme: I love cocaine now. Always done! Legalize cocaine. And fuck Obama
NotoriousDIG: 90 pounds on an international cargo ship is nothing. If you’re Mitch McConnell are you going to risk that for a little over half a million dollars worth. This is just some low level bust in terms of drug smuggling. Try again.
TheWebOfSlime: A cool million, wholesale. Personal stash, amirite?
burns29: Mitch McConnell is the Senate MAJORITY leader. He is a RINO however, so I can understand the mistake.
GeneralJohnStark: The only time they mention cocaine in pounds is when they want to make it sound like more. That’s just 40 kilos. Personal consumption for members of Congress.
Whaddaya Say?