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Luxury yacht repo men: A day in the life

Ken 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 might 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.

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