The story

Somali pirates have turned high-seas kidnappings into a lucrative business, one that netted between $50 million and $150 million last year, a former Navy SEAL told CNN.

Kaj Larsen spoke to CNN's Anderson Cooper Wednesday night about the changing tactics of pirates in Somalia. Below is a transcript of that interview, portions of which have been edited.

Cooper: You have spent a fair amount of time there. You have actually met with the pirates, right? Read full article »

All About Pirates • Gulf of Aden • Somalia