Silver Crime: German Pensioners Kidnap, Torture Financial Advisor Who Lost Their Savings

Mail Online:

Pensioners battered a financial adviser with Zimmer frames before kidnapping and torturing him for losing 2million of their savings.

James Amburn, 56, was ambushed outside his home in Speyer, western Germany, bound with masking tape and bundled into a car boot.

Get HuffPost Business On Facebook and Twitter!

Read the whole story: Mail Online

Comments

[Artemis34]

11:57 PM on 06/25/2009

I was chatting with a friend in Germany about his and he said

"Sad, because they will probably go to prison for taking justice into their own hands.

But who IS taking justice into their hands? Not government­s.

We're just giving banks and financial firms bailouts.

Essentiall­y rewarding them for robbing us all."

How true. Who is taking justice into their hands aside from these pensioners­?

[OrbitOfOurOwn]

04:01 PM on 06/25/2009

the world is ready for another revolution against the greedy and corrupt aristocrac­y...perhap­s it is starting in Germany.

[max08]

02:54 PM on 06/25/2009

Why are they protecting the kidnappers­' last names?

[nomorefed]

01:29 PM on 06/25/2009

As the growth of the financial bubble coincided with the repeal of the Glass-Stea­gall Act of 1933, maybe it would be wise act to reinstate it as it kept the Banks under control for 66 years.

hat tip to http://www­.makeitbri­ef.com/avu­pq for the good articles

*****
Glass-Stea­gall Act
A 1933 act that prohibited commercial banks from undertakin­g investment banking activities such as underwriti­ng the securities of private corporatio­ns. The legislatio­n was passed to keep banks from entering into nonfinanci­al businesses (for example, owning corporate stock) and more risky activities­. The Glass-Stea­gall Act was repealed in 1999. Also called Banking Act of 1933.

[mmgbizgirl]

10:28 AM on 06/25/2009

US financial institutio­ns should heed this warning as a measure of the frustratio­n and disgust of its own people. Your GREED is pushing people to the breaking point.

[not going2take it]

08:38 AM on 06/25/2009

Justice (possibly) served.

Let the party begin
let the heads roll.

[Rayme]

03:00 AM on 06/25/2009

Funny, he said that he won't feel safe until they are behind bars. I won't feel safe until our Banksters are behind bars, but Obama wants to give them even more power.

[AContrario]

05:11 AM on 06/25/2009

Tell me about it.

[merger]

01:18 AM on 06/25/2009

This is just ridiculous­. By their ages, they know full well the meaning of torture and detention from WW2 concentrat­ion camps. No amount of money lost is worth this, and now they will spend their lives in jail. Ridiculous­.

[goldcoastsailor]

10:10 AM on 06/25/2009

These folks have nothing to loose. Jail provides a roof over their heads. I applaud their actions.

[jayhawk67]

11:18 PM on 06/24/2009

These people were just acting the fantasies of Bernie Madoff's victims but now they face their own threat of prison time.
Since much of the lost money was generated by income not reported to the taxing authoritie­s, they are also looking at tax evasion problems.

[RJII]

10:57 PM on 06/24/2009

its not just about money, its about losing everything your hard earned savings gives you in life, ie, the roof over your head, food, heat, health care, etc.

I understand how someone, esp the elderly, could get desperate to make these rich f@tcats pay for their transgress­ions against humanity.

[brooklyncitizen]

12:21 AM on 06/25/2009

from the descriptio­n I don't think these were a nice Jewish couple from Ft. Lauredale rather they sound pretty skeevy.

[Lori Bowles]

10:06 PM on 06/24/2009

They just wanted informatio­n, it wasn't torture, it was enhanced interrogat­ion techniques­. HAHAHHAAHa
If the USA is not going to address the sick and twisted nut case's of cheney and bush administra­tions era, then these people should be given a metal. While we continue to promote and throw money at crooks that have demolished our banking system, these people took it upon themselves to find answers, the Cheney way!
There does seem to be alot of GOP'S right now supporting that line of action, whats the problem?

[JackRusselTerrier]

09:57 PM on 06/24/2009

This comes as no surprise to me ( probably you too ). History has shown people will only be pushed so far before they snap. The criminals on Wall Street etc. know this too. They have bodyguards and live on compounds with tight security. Hopefully things will get better in this country. If not, with all the poor outnumberi­ng the rich, no amount of security will help.

Why do we keep repeating history? When are we going to learn? Why does greed outweigh reason?

The lions are not really kings of the jungle The hyenas always eventually run them off.

[hulagirrrl]

10:27 PM on 06/24/2009

Well, the elderly were not all that innocent. The money they had invested was channeled past the tax man, I feel not an ounce of solidarity with anyone who does that, because he/she is stealing from me and my children, every tax penny not paid means less ambulances­, money for schools and early education, hospitals, the elderly and needy, museums, public pools and beaches just to think of some. I think if we all agree to create a just society we all need to pay our share.

[JackRusselTerrier]

11:49 PM on 06/24/2009

I agree with everything you wrote. I was talking in general about about the corruption here in America and how eventually people will rise up, if these crooks don't wise up.

You raised some very good points though. Thank you.

[MuchMadness]

09:04 PM on 06/24/2009

Yes, but did it meet Dick Cheney's definition of torture?

[larce1948]

08:58 PM on 06/24/2009

Note to financial advisers. Don't pi$$ off old Hippies. Peace and love are admirable qualities but so is retributio­n.

[Hollywooddeed]

09:48 PM on 06/24/2009

Peace and love is so 1968.

[merger]

01:19 AM on 06/25/2009

Funny, but true.

[darker]

08:53 PM on 06/24/2009

Indeed, an American "version" of this may serve as a warning and a
reminder of the fierce anger harbored by many people toward
the bankers, risk managers, financial advisers after they
CRASHED AMERICA'S ECONOMY.

Of course, for their financial misdeeds, they got lots of help from
Bush-Chene­y's WHOLESALE DEREGULATI­ON.