Financial Advisor Tortured By Clients
According to The Independent, a United Kingdom-based publication, "A group of pensioners has been accused of kidnapping and torturing a financial advisor who lost over two million euros of their savings. The pensioners, nicknamed 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." The article goes on to say that Mr. Amburn was "burned with cigarettes, beaten, had ribs broken, was hit with a chair leg and chained up 'like an animal'. Another couple, retired doctors aged 63 and 66, later arrived to join in the alleged torture."
So, should we start beating doctors when patients die of a heart attack despite being treated? Maybe we should burn down steakhouses that give us food poisoning despite the giant warning on the menus stating that consuming undercooked meats can lead to illness. What makes me angry is this "victimization". The market suffered the greatest meltdown in terms of a percentage drop over a twelve month period since the Great Depression! You expected to escape the losses? Unless you were showing up and offering your first born child and livestock as a sacrifice to thank the guy when things were going well, this sort of lunacy is just beyond words.
When people feel helpless and taken advantage of to the point it affects their livelihood, right or wrong, violence will be the result.
I am betting that there is more to this story than the “simple” loss of the value of the investments.
These people are just gangsters did they think they would get away with this behaviour? As you say it would be unethical to beat a doctor if treatment failed!
I’m a new finacial advisor with wells fargo. What are the implications if I need to go bankrupt.
AC I agree with you there must be more to it than this. I’m betting there must of been some major deception going on for the pensioners to react like this.
As Gerald Celente (a trends forecaster here in the states) has said, “When people lose everything and have nothing more to lose…they lose it” This very credible forecaster has warned about this sort of thing before saying, that once Americans, who have lost their jobs, their homes, their pensions, and lastly, their dignity, understand who is the blame for this crisis, (eg. the likes of the Goldman Sachs crowd and the filthy rich derivatives manufacturers) America will begin to resemble Mexico City with kidnappings and murder directed at these individuals. A story like this leads to me to believe that he may be correct.