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A group of pensioners who tortured their financial adviser after the value of their investments fell following the financial crisis have been charged.
The gang of five pensioners, all from West Germany, kidnapped 56-year old James Amburn after the value of their investments fell by around $3.6m.
Amburn was attacked with a Zimmer frame before being bundled into a car boot and driven 480km to the home of Roland Koenig, 74.
Koenig and his accomplice, Willy Dehmer, 80, were then joined by Gerhard and Iris Fell, aged 63 and 66, and Koenig's 79-year old wife, Sieglinde. They then confined Amburn to a cellar, and bound him with masking tape.
The victim claims he was burned with cigarettes, beaten and had two ribs broken when he was hit with a chair leg.
During his four days in the cellar, the pensioners threatened to kill Amburn, but he convinced them they could recover their money by selling some securities.
The gang forced Amburn to send a fax to his bank to transfer funds, but failed to notice he had scribbled ‘call police' on the bottom of the fax.
Shortly afterwards, the bank called the police, who sent a team of armed officers to Koenig's home.
The pensioners each face up to five years in prison for hostage taking and causing grievous bodily harm. Their trial is due to begin next year.
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Torture
Surely torture is the FSA's job?
Posted by: Sam
ODESSA
If he had researched the background of his clientele he may have been prepared for a KAMERADEN backlash.
Posted by: David Mannion
Torture
Watch out FSA High Flyers it could happen to you
Posted by: Barry
Tortured IFAs
IFAs may not have been physically tortured in the UK but we have been mentally tortured, abused bullied by the incompetent FSA, FOS and FSCS
Posted by: F-Pack Wooden Spoon Team
oh please !
This has to be a publicity stunt !
Posted by: Spike
I told you not to go into Poland
That will teach him to get his aSSet allocation correct! Will we see the fsa wheel this remedial action into the UK!
Posted by: Herr Flick
Crucifixion's too good for them Sir!
Let that be a lesson to ALL advisers all over the UK who provide a Client Value Proposition based on being an investment adviser! Why provide a service on things over which you have NO control!!! You'll be linched! LOL :-)
Posted by: Paul Armson
TCF?
I am now going out to buy a Rocket Launcher and a Rottwieler - sod TCF.
Posted by: Barry Painter
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Ancient news
This was reported in the general press months ago!!! Suppose we are into the silly season, so you had to find some 'novelty news'.
Posted by: Neil Duthie