Random Rants

Anything that tickles my fancy.

Somali Pirate “Stock Exchange” – Should add this to my portfolio.

Posted by silverstag on December 2, 2009

via Slashdot by kdawson on 12/1/09


reginaldo writes to clue us that pirates in Somalia have opened up a cooperative in Haradheere, where investors can pay money or guns to help their favorite pirate crew for a share of the piracy profits. “‘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,’ Mohammed [a wealthy former pirate who took a Reuters reporter to the facility] said. … Piracy investor Sahra Ibrahim, a 22-year-old divorcee, was lined up with others waiting for her cut of a ransom pay-out after one of the gangs freed a Spanish tuna fishing vessel. ‘I am waiting for my share after I contributed a rocket-propelled grenade for the operation,’ she said, adding that she got the weapon from her ex-husband in alimony. ‘I am really happy and lucky. I have made $75,000 in only 38 days since I joined the “company.”‘”

Read more of this story at Slashdot.

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