{"id":342,"date":"2009-07-01T00:01:00","date_gmt":"2009-07-01T00:01:00","guid":{"rendered":"https:\/\/clusterfamilyoffice.com\/blog\/?p=342"},"modified":"2009-07-01T00:01:00","modified_gmt":"2009-07-01T00:01:00","slug":"cocoon-vs-madoff","status":"publish","type":"post","link":"https:\/\/clusterfamilyoffice.com\/en\/cocoon-vs-madoff\/","title":{"rendered":"Cocoon vs Madoff"},"content":{"rendered":"
According to the tabloid newspaper The Sun<\/a>, a gang of five elderly men have cruelly tortured their stockbroker in Germany. They are aged between 60 and 79, and have no known aliases, although their grandchildren call them yayos<\/span>.<\/p>\n

They invested around 2.5 million euros in a booming property market in Florida. James Amburn<\/span>, their American investment adviser based in Bavaria and owner of Digitalglobalnet, invested all their money in brand-new property developments, property deals and buy-and-sell transactions that generated, at the very least, capital gains equivalent to two lifetimes\u2019 worth of salaries. I believe there were also people in Spain who got involved in this and stopped working, whilst mocking those who weren\u2019t getting ahead like them. Some also did the same with shares\u2026<\/p>\n

\"\"<\/a>But let\u2019s get back to our \u00abdear old folks\u00bb. They waited for their victim as he left a caf\u00e9, and if James had known he was going to bump into them head-on, he would have gone out the back door, or would have \u00abbent down to pick up a pencil from under the table\u00bb, as our dear Carola<\/a>. There were those old folks again, asking him what was happening with their investments in Florida. Oh!How awful!<\/span> -thought James- It\u2019s remarkable how well someone younger than them understands that that\u2019s just how the markets work \u2013 that sometimes you lose and sometimes you win. And these apprentices at <\/span>Cocoon<\/span> They\u2019re really going to town on it\u2026 as if their children \u2013 who are just like vultures \u2013 weren\u2019t going to squander it all anyway<\/span>. Anyway, making the best of a bad situation, James greeted them with a cordial \u00abHow's it going, lads? Out for a bit?<\/span>\u00ab.<\/p>\n

<\/p>\n

The response was a blow with the bumper of one of the elderly men\u2019s Audis, which immobilised James long enough for them to subdue and abduct him. They kept him locked up for four days in one of their homes, with his hands and feet bound. The torture, beatings, death threats and cigarette burns were a constant nightmare. The elderly men thought that Amburn<\/span> it was a A shoddy version of Madoff<\/a>, and that by torturing him they might get their money back. But that wasn\u2019t the case. James is not an alleged fraudster (and if he is, he has the resilience of a true professional), but an alleged unscrupulous adviser, like so many others. We can see him in this photo after being released by the police:<\/p>\n

\"\"<\/a>After four days of hell, during which he was given nothing but a couple of bowls of soup to keep him conscious, James has let his customers down, yet again.<\/span> He told them that if they wanted their money back, they would have to let him send a fax to his bank in Switzerland, where allegedly<\/span> had the money from his grandparents, who, allegedly<\/span> He never invested in Florida. Naturally, that letter alerted the police, who raided the house and arrested: Roland (74) and his wife Seiglinde (79); Gerhard (63) and his wife Iris (66), both retired doctors; and a certain Willy, aged 60, the youngest of the group. All of them face a 15-year prison sentence for kidnapping and torture.<\/p>\n

Their lawyers will have to be court-appointed unless the children \u2013 those \u00abvultures\u00bb \u2013 see fit to pay for a good private defence for their parents, in the face of accusations from the person who has deprived them of their inheritance.<\/p>\n

These things really make you think, don\u2019t they?<\/div>","protected":false},"excerpt":{"rendered":"

Seg\u00fan cuenta el sensacionalista peri\u00f3dico The Sun, una banda de cinco ancianos han torturado cruelmente a su broker en Alemania. Tienen entre 60 y 79 a\u00f1os, y no se les conoce nung\u00fan alias, aunque sus nietos les llaman yayos. Invirtieron unos 2,5 millones de euros en un mercado inmobiliario alcista, en Florida. James Amburn, su […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-342","post","type-post","status-publish","format-standard","hentry","category-sin-categorizar"],"_links":{"self":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts\/342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/comments?post=342"}],"version-history":[{"count":0,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts\/342\/revisions"}],"wp:attachment":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/media?parent=342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/categories?post=342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/tags?post=342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}