The Luxury Repo Men

When rich people skip payments on boats and jets, the repo men of International Recovery Group go to work
Photo illustration by 731; Photograph by Gasper Tringale for Bloomberg Businessweek

The white yacht bobbed at the end of a pier on the St. Johns River in Central Florida. On the opposite riverbank, several men tried to convey boredom from a distance: stretching, taking off sunglasses, yawning, squinting, replacing sunglasses. The small team’s leader, Ken Cage, peeked at the boat through binoculars, then turned with a snap. “That’s the one,” he said.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.