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Cage and his guys make a living taking from the rich. He’s one of a handful of the world’s most sophisticated repo men. And while the language may be different from the doorbusters who grab TVs, the game is the same: On behalf of banks Cage nabs high-dollar toys from self-styled magnates who find themselves overleveraged. Many of the deadbeat owners made a killing in finance and real estate during the economic bubble—expanding it, even—and were caught out of position when it burst. So now men like Cage steal $20 million jets like they were jalopies. And fast boats. Even, on one occasion, a racehorse...
The Luxury Repo Men - Businessweek
The Luxury Repo Men - Businessweek