Pattaya Daily News

24 March 2010 :: 11:03:41 am 16440

German Geriatrics Revenge On Financial Adviser

In case there are any scam merchants out there intent on ripping off the senior citizens of Pattaya, beware. Four German pensioners, irate at what they considered was a con by their American financial adviser, decided to kidnap him and detain him till he returned the €2.5m/Bt109.148m that he had invested for them in the high risk, boom-and-bust Florida property market, promising 12% returns on their investments. Unfortunately, the US property crash had happened in the interim and they lost everything.
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March 24, 2010, [Pattaya Daily News]: the group of pensioners initially tried to recover their investments legally by resorting to the law, but when this failed they decided on a daring kidnap plan. Visiting James Amburn, 57, their financial adviser, at his home in Speyer, Rhineland-Palatinate, in West Germany, on June 19, 2009, and, during the subsequent conversation, they tricked him, using the coded phrase ‘get the green folder from the car’ to communicate their kidnap verbal trigger between themselves.

The two investors, Roland K, 74, and Willi D, 61, (surnames withheld for legal reasons) then bound Amburn’s ankles, knees and arms tape with duct tape, gagged him, put him in a specially made box and then wheeled him out to put him in the boot of Roland’s car and drove him to the remote hideaway by Chiemsee Lake Bavaria, where they lived. Along the way, they beat him up, breaking two of his ribs when he made an escape attempt during a wayside halt.

Reaching the lakeside house, they then locked him in an ad hoc basement cell for four days. During this time, he again made another escape attempt, when he was let out into the garden for a smoke. Once there, he leapt over the wall and ran though the pouring rain in his underpants, shouting for help.

However, once again, the wily pensioners were too quick for him. Jumping  into the car, they sped after him in hot pursuit, shouting to two neighbours, “Stop that man! He’s a burglar,” at which point, the neighbours grappled with him and pinned him to ground from where he was returned to be incarcerated in the cellar, once again beating him up for his audacity.

Amburn was later prevailed upon to sign documents and send faxes, promising to refund part of the money the pensioners had lost, but he surreptitiously inserted a coded phrase of his own to Credit Suisse, disguising the phrase ‘financial policies’, which in German also means police. Bank officials eventually cottoned on and sent the police who stormed the lakeside retreat and arrested the pensioners.

At their recent court hearing, in Traunstein, Bavaria, the four defendants, (the two men and their wives) pled that they had merely invited Amburn for “a few days’ holiday”. Notwithstanding this defence plea, the judge admonished the ringleader, Roland, saying it was a “spectacular case of vigilante justice” and sentenced him to six years in jail. His accomplice, Willi D, was given a five-year sentence and their wives received suspended sentences of between 18 and 21 months.

Taliesin Verity
Chief-Reporter
news@pattayadailynews.com

Photo : Internet   Category : World News

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