Enraged OAPs Kidnap and Torture Failure of a Financial Adviser

ruggedtoast

http://www.independent.co.uk/news/world/europe/oap-gang-tortured-financial-adviser-1716327.html

A group of pensioners has been accused of kidnapping and torturing a financial adviser who lost over €2m of their savings.
The pensioners, nicknamed the "Geritol Gang" by police after an arthritis drug, face up to 15 years in jail if found guilty of subjecting German-American James Amburn to the alleged four-day ordeal.
Two of them are said to have hit him with a Zimmer frame outside his home in Speyer, western Germany, before he was driven 300 miles to a home on the shores of a lake in Bavaria.
Mr Amburn (56) says he was burned with cigarettes, beaten, had ribs broken, was hit with a chair leg and chained up "like an animal".

Wonder what he invested in.

Davesnave

Doesn't surprise me. Some people on MSE wanted to do nasty things to Martin Lewis during the Iceland debacle, and he didn't personally advise them to do anything.

We're obviously not the only country with a well-developed blame culture.

Reminds me of the time when, incapacitated with an injured knee, I made the mistake of parking on 'disabled' at Sainsbury's. First of all, I was branded illegitimate, and then the two sets of irate, disabled pensioners ran into the store to fetch the manager....:rotfl:

DiggerUK

Ruggedtoast,
Just goes to show that it isn't all bad news in the papers.

I think the next government should legalise the practice. It would be a vote winner with me.

Count_Dante

Davesnave wrote: »

Doesn't surprise me. Some people on MSE wanted to do nasty things to Martin Lewis during the Iceland debacle, and he didn't personally advise them to do anything.

Indeed. And did you read the nonsense that was typed about the Icelandics themselves? It resembled those threads that appear on Discussion Time about !!!!!philes or rapists.

Norfolk_Jim

Count_Dante wrote: »

Indeed. And did you read the nonsense that was typed about the Icelandics themselves? It resembled those threads that appear on Discussion Time about !!!!!philes or rapists.

You've clearly never watched Lazy Town

icefall

wow serious stuff!

DiggerUK

:TRugged Toast puts up the best news item to hit the news stand in yonks and 5 of us post a comment.

If it is because you refuse to read anything that The Independent prints I'll let you read The Daily Mail version instead. (It's got pictures)

http://www.dailymail.co.uk/news/worldnews/article-1194891/Pensioners-kidnap-financial-adviser-lost-2m-batter-Zimmer-frames.html?CFID=7144403&CFTOKEN=72e5f5968e32e35b-11512BD1-1D09-2FD4-73621B7FCC5DA043

flaire

The value of your investment may go up or down.

I didn't realise that the torture of a 56 year old man by people he'd know for 25 years was a Good News Story.

Oh, and the money that was lost in the investment hadn't been declared to the German revenue service so these 'heroes' were attempting to defraud to begin with.

What awful people.

Regards.

1echidna

There are lots of failed financial advisors around in that a lot of people have lost a lot of money on investments recommended by them. True the value of investments may go up or down but many reassuring words were spoken to assure their clients that they were making the right decision. When I went the rounds of FAs over two years ago I heard a lot of guff about the historical performance of equities and a lot on risk/reward the emphasis being on fairly certain reward provided not too much risk was taken on. Fortunately I met one FA whose views on caution matched my own and I only invested 10% of what I had available at that time. I could have been down tens of thousands of pounds if I had followed the advice of some. I don't think that FAs should walk away with their reputation unscathed when they have given bad advice.