After the story was published, loan sharks suspended the practice, the newspaper reported in a follow-up article. BEIJING — Web-based loan sharks in China have found an unconventional way of guaranteeing loans: demanding naked photos from cash-strapped female college students who want to borrow money. Posing as a potential client, a reporter for the newspaper was able to get evidence of loan sharks demanding naked photos by joining online chat groups frequented by lenders. She told the newspaper that many of her female classmates had been swept into the scheme but were unwilling to speak up. They warn that the photos will be made public if payments are not made on time.

Source: National Post June 15, 2016 14:48 UTC