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BERLIN — Three German retirees who lost $1.4 million in the financial crisis and kidnapped their U.S. investment adviser in an attempt to recoup the money were convicted Tuesday, with their 74-year-old ringleader netting six years in prison.
The court said the retirees abducted the adviser, 57-year- old James Amburn, from his German home in June, seeking to force him to transfer $2.7 million from his Swiss bank account to their accounts. After four days of captivity, Amburn wrote a plea for help in a crude code — “Sell 100 Call Pol.ICE” — on the fax to his bank and was freed by police within hours.
