Some borrowers have offered to repay loans with sexual favours, leading to The leak of 10 GB of nude photographs and video evidence has exposed an underground banking racket in China, where lenders use students’ explicit material and contact details as collateral for loans, using the images as blackmail material if payments do not materialise. In one case, a student was forced to pay back £3,000 after he failed to repay his loan within two weeks.
The leak of 10 GB of nude photographs and video evidence has exposed an underground banking racket in China, where lenders use students’ explicit material and contact details as collateral for loans, using the images as blackmail material if payments do not materialise. In one case, a student was forced to pay back £3,000 after he failed to repay his loan within two weeks.