Category: ransom

Theo Albrecht, co-founder of the discount store Aldi, negotiated his own ransom when he was kidnapped and held for 17 days. He later won tax relief on the ransom payment claiming it was a business expense.

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When 16 year old John Paul Getty III was kidnapped in 1973, his billionaire grandfather refused to pay $17 million ransom. After the kidnappers mailed Getty’s ear to a newspaper, his grandfather only agreed to pay $2.2 million because that was the maximum amount that was tax deductible.

He loaned an additional $700,000 to his son (the kidnapped kid’s father) under the conditions that he would repay him with 4% interest. Talk about an awesome grandpa, right?