The story of Cage and his men
This can be regarded as a surprising story of taking possession of a Yacht. 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. He said, “That’s the one.”
Cage, his No. 2 man, a boat captain, and a driver were the part of this so called adventure. They hustled into two trucks, wheeled over a river bridge, and entered the marina. They walked quickly along the waterfront until they saw their target—a gleaming Luhrs yacht—and huddled again behind a patch of tall grass. Cage murmured, “That has to be our boat. Has to be.” Shockingly, an alligator lay motionless in the grass three feet away.
The St. Johns emerges from central swampland and descends less than an inch per mile, lolling instead of rolling. The marsh seemed to be reclaiming the small marina itself, host to only a handful of working boats. It made a strange home for a seagoing sport yacht. “He probably knows we’re after him,” Cage said. “He figured we’d never find it here. See how he has it tied parallel to the dock?” All the other boats sat like parked cars, nose to the dock. “He wants an easy getaway.”
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 may 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. Though it is so risky, Cage and his men took this way to make money.