Investment Losses Lead to Desperate Act

Posted on March 28, 2010 by Susan Mangiero

According to the British Broadcasting Corporation ("BBC"), four unhappy investors in Germany were found guilty of kidnapping their financial advisor. Ranging in age from 61 to 80, the defendants took justice into their own hands, seeking a return of over 2 million Euros. Retirement hopes dashed, jail time is a reality for at least one of the quartet. Read "German pensioners guilty of abducting financial adviser" (March 23, 2010).

In a related "believe it or not" news item, Wall Street Journal reporters Dionne Searcey and Amir Efrati describe giving financial advice to a fellow inmate, urging him to focus on passive index funds and to avoid day trading unless he had "millions to spare." See "Madoff Beaten in Prison" (March 18, 2010).

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