German Banker Accused of Stealing Millions to Fund Gambling Habit

German Banker Accused of Stealing Millions to Fund Gambling Habit

A German banker is part of a brand new trend of high-dollar gambling thefts

It is absolutely nothing not used to hear about individuals stealing money in purchase to spend it on gambling. However, it’s rare that the theft ever gets this big. A 39-year-old bank that is german is accused of stealing over €8 million ($10.6 million) from customers, which then spent at casinos over the program of years.

Stole Undetected for Years from Customers

According towards the charges, the person works in Buxtehude, a Northern Germany town that is clearly a suburb of Hamburg. No fewer than 156 times over the course of more than three years spanning between 2007 and 2010 the man stole money from customers’ accounts. He also directly took money which had been directed at him by customers to spend. According to prosecutors speaking in Stade District Court, the man even faked customer signatures on several occasions in an effort to achieve access to their money.

The amounts stolen varied greatly from client to client. At some times, he took only a couple of hundred euros; in the many dramatic cases, a few hundred thousand euros were taken out of accounts at the same time.

In total, €8.4 million ($11.1 million) was removed of customer accounts on the years. That cash was then mostly spent at a local casino in Hamburg.

According to prosecutors, the man that is unnamed already paid back €4.5 million ($6 million), th Continue reading “German Banker Accused of Stealing Millions to Fund Gambling Habit”