His MO over the years seems to be all about collecting advanced fees to facilitate funding arrangements. Here is a version from 2010:
http://www.sec.gov/Archives/edgar/data/911441/000106594911000076/ex991.txt
"Material to the transaction, Hayman knew and insisted that the Plaintiffs would each have to pay advanced fees totaling $1.35 million for these 4 SBLCs (edit: worth $1.5B) based upon Hayman's prior approval and execution of a collateral agreement between Hayman, Metropolitan and Estrategia."
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