- Thanksgiving Week Stuffed With Economic News
- First Senate Vote Looms on Health Legislation
- Black Friday Deals May Not Signal Retail Comeback
- Victoria's Secret Hopes to Rekindle Desire for Lingerie
- UPS Sets New Rates For 2010
- Wall Street Jobs Slow to Return Despite Record Profits
- Investors to Goldman: Be Less Greedy
- Senate Panel to Mull Bernanke Nomination On Dec. 3
- $6M Verdict Upheld in McDonald's Strip Search Case
- How Stock Investors Can Play Holiday Travel
- Time Lapse World Series Is A Great Play
- Hirschhorn: Greed...or Fear
- My Top 10 Tech Toys for the Holidays
- iPhone a Better Gaming Platform Than Android?
- May Day For Dendreon
- 100% Mortgage Financing From USDA
- Holiday Tipping: Who And How Much
- Deep Discounts Should Make It a Very Tech-y Holiday
MOST SHARED
- Nielsen Ratings Coming to Video Games
- The Week Ahead
- Oil Next Week
- Time Lapse World Series Is A Great Play
- Bove: Expect Goldman To Increase Dividend Meaningfully
- Realty Check: USDA Home Loans
- Hershey Mulls $17 Billion Bid for Cadbury: Source
- Hot Topics at TEDMED
- Lightning Round OT: Knight Capital, Ebix and More
Text Size 
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.
Print
Email
- Technology can make or break a fortune in the world of alternative energy.
- Many people are facing the holidays with substantially smaller incomes. Here’s how some are adapting.
- Jim Cramer is a proponent of stocks that pay healthy dividends, and here are his top five dividend plays.
- From salt, to lip balm to envelopes, it turns out that bacon flavoring can sell almost anything.
- The homebuyer's tax credit jacked sales for a while, but 2010 is looking weak. Now what?
- CNBC’s technology reporter Jim Goldman guides you through the best gadgets to buy this holiday season.
Data is a real-time snapshot *Data is delayed at least 15 minutes