Picture the scene: you are broke, you need money, you borrow money from someone who knows you cannot afford to pay it back, who then kindly sues you for 100 times what you borrowed. This BBC report explains the controversy of a character called Peter Grossman, who runs what the BBC describes as a 'vulture fund which buys up the debts of poor nations cheaply and then sues for 10 or 100 times what they paid for them'.
At a time when there is a global financial crisis, such a practice is a highly unappetising thought. It is also a reminder that while many people around the world suffer financially, there are people out there who are profiting from the misery of others.
Illegal in the UK, charities are calling for a block on Grossman's gross attempt to sue the DR Congo for £100m through a loophole that enables him to make the claim in Jersey.
And rightfully so.
