clipped from: www.telegraph.co.uk   

Pensioners 'kidnap and torture' financial adviser


A group of wealthy pensioners have been accused of kidnapping and torturing a financial adviser in Germany after he lost £2 million of their savings in the financial crisis.


The men, dubbed the "Geritol Gang" by police after an arthritis drug, face up to 15 years in jail if found guilty of subjecting German-American James Amburn to the alleged four-day ordeal.


Two of his kidnappers are said to have hit him with a Zimmer frame outside his home in Speyer, western Germany, before he was bound up with duct tape, bundled into the boot of a car and driven 300 miles to the home of two of the abductors on the shores of Lake Chiemsee in Bavaria.


Mr Amburn, the boss of an investment firm called Digitalglobalnet, was allegedly attacked by two men – aged 74 and 60 – as he entered his apartment building.


the chief public prosecutor from nearby Traunstein, said: "They were angry because they invested money in properties in Florida and he lost it all.