What Do Somali Pirates Spend their Booty On?
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Booze, cars and whores apparently. The surprising part is the actual pirates doing the dirty work get about .01 % of the actual take off the ransoms they receive.
The rest of the cash goes to the people financing their operations. Pirates have gotten roughly $400 million in recent years. If all you have to invest is some AKs and a beat up old motorboat, this is the next great boom industry.
Read more at bloomberg.com
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