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African Horn Piracy Is a Multi-Million Dollar Business
Piracy off the coast of the African Horn netted $400 million from 2002-12, according to new World Bank and United Nations report. The report revealed that financers and not the pirates themselves collected the cash. The news comes just days after Nigerian pirates attacked an American flagged vessel in the Gulf of Guinea.
(Photo: REUTERS/Akintunde Akinleye)
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