James Chao, father of Mitch McConnell’s wife Elaine, has a lot of questions to answer after 40 kilograms of cocaine (about $6.7 million worth) was found on the Ping May, a ship owned by the Foremost Group, a company James Chao founded and led to a tidy fortune. But was that fortune built on honest movement of legitimate bulk trade goods, or has Mr. Chao been trading in less than legal goods? The cocaine, found in 40 separate packages, was discovered during a routine inspection hidden among a load of coal bound for Europe from the port of Santa Marta, Columbia onboard the Ping May, one of 15 ships Foremost currently operates, with another 8 under construction. The final destination for the ship was to be the Netherlands, likely one of the port cities surrounding Amsterdam. It is known that the Ping May has been witnessed at the port of Zaanstad, one of these cities, in the past. Foremost Group is the source of most of Senator McConnell’s fortune through gifts and inheritance from his in-laws. It is a shadowy corporation, utilizing a complex scheme of shell companies to skip out on millions in taxes annually.
Posted on: Mon, 10 Nov 2014 01:50:14 +0000
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