I been networking with Somali businessmen lately, fishing for new opportunities and deals, to my surprise what was being frequently discussed was the pirating activities. Some of the proceeds is being circulated in North london so that suggests that the diaspora somalis initially set up or were facilitating the pirates.
I also found out that ransom money is not the only source of income for the pirates are their associates, this is bigger than that, but I can't go into details.