Pensioner gang charged with torturing financial adviser

clock

A group of pensioners who tortured their financial adviser after the value of their investments fell following the financial crisis have been charged.

The gang of five pensioners, all from West Germany, kidnapped 56-year old James Amburn after the value of their investments fell by around $3.6m. Amburn was attacked with a Zimmer frame before being bundled into a car boot and driven 480km to the home of Roland Koenig, 74. Koenig and his accomplice, Willy Dehmer, 80, were then joined by Gerhard and Iris Fell, aged 63 and 66, and Koenig's 79-year old wife, Sieglinde. They then confined Amburn to a cellar, and bound him with masking tape. The victim claims he was burned with cigarettes, beaten and had two ribs broken when he was hit...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Feel Good Friday: One Four Nine Group raises £40,500 for charity partner

Feel Good Friday: One Four Nine Group raises £40,500 for charity partner

Firm picks three new charity partners for 2026/27

Professional Adviser
clock 24 April 2026 • 1 min read
Deal Dive: 2026 kicks off with a slower start

Deal Dive: 2026 kicks off with a slower start

Deals announced in Q1 2026

Isabel Baxter
clock 24 April 2026 • 3 min read
What Justin Bieber is telling you about your clients

What Justin Bieber is telling you about your clients

‘In our world, success, true success, is delivering someone to their goal’

Chris Justham
clock 22 April 2026 • 2 min read