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German pensioners answer for kidnap of financial advisor
Mumbai News.Net
Monday 8th February, 2010
Four wealthy German pensioners have been put on trial in Germany for allegedly adducting the man who controlled their investments.
According to prosecutors, the four were angered after their investments disappeared in the middle of last year's market crash.
They are on trial for allegedly kidnapping their financial advisor from his apartment in Speyer, and holding him hostage in a dungeon.
It is believed the advisor was first bound and gagged by the four and driven halfway across Germany in the trunk of a car.
During the trip, prosecutors have said the man was punched to keep him quiet and prevent an escape.
When they had him in a cellar, the retirees allegedly forced the advisor to sign documents promising to return them nearly 2.5 million euros.
The hostage was later freed by armed police near Chiemsee, a resort area in the south-east of Germany.
The trial, being held in Traunstein, has been partially suspended because on of the defendants is ill.  Email this story to a friend
Comments on this story
Unregistered1
02-08-10, 08:18 PM |
Pensioners in German court for abducting financial advisor
Good for the pensioners, I know of a number of finacial advisors that had to quite thier job because the bank had them lying to customers about thier retirements. Many before the fall fell victim to bad advice or goals that were impossible to reach but promised by thier advisors. The story back a few months about Workers killing the CEO of thier company in India brought a smile to most peoples faces. It is wrong to kill but it is wrong to misled people and destroy a entire families future and believe you are safe from retribution. There are higher laws than mans! I believe that politicians will be on the recieving end of some upset people in the near future.....
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Anonymous
02-09-10, 04:47 AM |
Financial advisor is always the winner of the game. Investors is always the loser because you trust the person of your earned money and they stole from you like Madoff.I do not have any simpathy for those people that is dishonest and educated professional thief.
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