Hacker News Reader

If I'm reading it right, their business model is "eBay/Amazon for purchasing secured loans", is that right?

Are they saying they're just suspending interest payments to investors, or have they actually disappeared their investors' capital indefinitely?

> The team of Grupeer has been working with legal experts on finding solutions acceptable to all parties involved.

It looks ugly.

Is this just a smaller, sketchier Lending Club?