I know a guy in Toronto who used to offer loans from the Caymans to Chinese CEOs secured by 2x stock. If they default, he keeps the stock. So they take out a ma

I know a guy in Toronto who used to offer loans from the Caymans to Chinese CEOs secured by 2x stock. If they default, he keeps the stock. So they take out a massive loan then immediately default. He sells at market, anything above half is profit. $100Ms.