Somali Pirates Business Model

by jim on April 5th, 2010

An absolutely fascinating report has been produced by the Security Council on Somalian pirate operations and Undispatch pulls out a particularly intriguing bit on basic operations.

I’m always surprised to learn how organized and streamlined criminal operations are. I think having been exposed, in various forms including sensationalized movies, to organized crime like the mafia makes this less surprising, but it’s still an interesting story to read. There are class-A shareholders, financiers, local elders, supplies, and class-B shareholders – a nice hierarchy of who gets paid when.

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