Friday, June 26, 2009

"Experts" beware !

With so many 'experts' constant misinforming and misleading the general naive investors into the valley of financial perils, I think this just begs to happen:-

Senior Citizens Administer A Beat Down On Their Financial Advisor

A group of German senior citizens recently decided to forgo the legal process and deal with their investment losses the old fashioned way- vigilante justice. The silver haired bunch jumped their financial advisor as he was entering the door to his house, bound him with masking tape, thew him into the back of an Audi, drove him to one of the couples' vacation homes and had their way with him (I like how the writer descibe this) in the cellar for four days. It took 40 members of the German counter-terrorism unit to get the active seniors to free their prisoner.


German Senior Citizens ‘Kidnap, Torture’ Advisor

A group of well-to-do German senior citizens, who lost their savings in the credit crunch, staged a revenge attack and held their terrified financial advisor to ransom, according to several published reports Wednesday.

The alleged kidnapping is the latest example of what is being dubbed “silver crime” — the violent backlash of pensioners who feel cheated by the world, the Daily Telegraph said.

“As I was letting myself into my front door I was assaulted from behind and hit hard,” the financial adviser James Amburn, a 56-year-old German-American, told the Telegraph. “Then they bound me with masking tape until I looked like a mummy. I thought I was a dead man.”

He was freed by 40 armed policemen from the counter-terrorist unit last Saturday, after he pretended to send a fax to a Swiss bank asking for the transfer of funds demanded by the pensioners, writing "call.pol-ice" in German.

According to the Telegraph, two couples who entrusted Amburn's investment company with $2.2 million bundled him into an Audi in the west German town of Speyer and drove him to one of their holiday homes near the Austrian border.

Amburn claimed he was held there in a cellar for four days while being fed soup twice a day and beaten.

“I was beaten. They threatened again and again to kill me,” Mr Amburn told the newspaper.

The pensioners are under arrest on suspicion of deprivation of liberty, torture and inflicting grievous bodily harm. These charges carry a maximum of 15 years in prison, said the Telegraph.

Figures for the amount of violent backlashes of pensioners who feel cheated during the financial crisis have increased, according to the newspaper.

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