Trial begins for pensioners who kidnapped adviser

clock

A gang of pensioners aged between 60 and 79 kidnapped and tortured their financial adviser because he "had taken us for a ride", a German court heard this week.

Four German seniors and an accomplice are on trial for the abduction and imprisonment of 56-year-old American-born investment adviser James Amburn in June last year. According to prosecutors, the group hoped to force Amburn to repay €2.5m (£2.2m) they had collectively lost in their investments in the US property market. The court heard Amburn was ambushed outside his home in Speyer, west Germany, where he was bound with masking tape and bundled into the boot of a car after being hit over the head with the walking frame of one of his kidnappers. He was driven 300 miles to a house on...

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

Advisers can help cut through the noise for overwhelmed clients

Advisers can help cut through the noise for overwhelmed clients

'In an era marked by information overload, advisers transform uncertainty into clarity'

Ahmed Bawa
clock 07 August 2025 • 4 min read
Native capture: Why it's non-negotiable for modern compliance teams

Native capture: Why it's non-negotiable for modern compliance teams

‘Regulatory reviews require not just the message, but the full story’

David Clee
clock 07 August 2025 • 4 min read
Aviva scraps final additional charge on adviser platform to offer single, transparent fee

Aviva scraps final additional charge on adviser platform to offer single, transparent fee

Move to remove ETI charges aligns with Consumer Duty

Sahar Nazir
clock 06 August 2025 • 2 min read