Hundreds of photos and videos of naked women used as collateral for loans on a Chinese online lending service have leaked onto the web, highlighting regulatory problems in the fast-growing peer-to-peer marketplace.
A 10-gigabyte file posted on the internet exposed the personal details of more than 160 young women who were asked to provide the explicit material to secure money through online lending platform Jiedaibao.
Launched by JD Capital in 2015, Jiedaibao allows lenders to operate anonymously but requires borrowers to reveal their real names when making transactions.
Loan amounts and interest rates can be customised to meet the needs of users — often people who have a hard time accessing loans through more traditional financial institutions, like banks.
Interest on the “nude loans” reached an astonishing 30 percent a week, according to the Global Times newspaper.
Lenders told female borrowers that if they failed to repay the loans, their nude photos would be sent to their families and friends, whose information was also required for some transactions, the article said.
Material in the file put on the web last Wednesday showed some borrowers also promised to repay loans with sexual favours, according to screen captures posted on social media websites.
Creepy Chinese…there, I said it!
I’m an exhibitionist. Sounds fun
Do the better looking ones get a lower interest rate?
I should personally check out these photos to make sure this is not “Fake news”.
This “transparency in lending” crap has gone too far!
🙂
Butts for bucks..
What’s to keep them from releasing the photos AFTER they’ve paid off the loans?
I don’t believe it. I need to see some evidence.
Cash for Chow Mein, it’s the chinese version of cash for clunkers, only with a twist. but, you only get Mein gon (crunchy chow mein cracker-noodles)
160 flat chested Chinese still don’t make one D cup.
hey, to each their own, I hear some cultures prefer goats to women! you see what i did there, right?
Hot Chick Business Model:
Borrow a barrel full of money, make them take high end photos.
Default the crap out of that loan,
Get famous, buy stuff.
Is the Clinton Foundation a lendor?
Wel, I din’t not see no nekkid chinese girls … whassup widdat?
Pics or it didn’t happen.