German Banker Accused of Stealing Millions to Fund Gambling Habit

German Banker Accused of Stealing Millions to Fund Gambling Habit

A banker that is german component of a brand new trend of high-dollar gambling thefts

It is absolutely nothing new to hear about people stealing money in purchase to spend it on gambling. Nevertheless, it’s rare that the theft ever gets this big. A 39-year-old bank that is german was accused of stealing over €8 million ($10.6 million) from customers, which then spent at casinos within the course of years.

Stole Undetected for Years from Customers

According to the charges, the person works in Buxtehude, a Northern Germany town that is a suburb of Hamburg. During the period of more than three years spanning between 2007 and 2010 the man took money from clients’ accounts no fewer than 156 times. He also directly took cash that had been provided to him by customers to invest. According to prosecutors talking in Stade District Court, the person even faked customer signatures on several occasions so as to achieve access to their money.

The amounts stolen varied greatly from client to client. At some times, he stole only several hundred euros; in the many dramatic cases, a few hundred thousand euros had been taken away from accounts at the same time.

In total, €8.4 million ($11.1 million) was taken out of client accounts within the years. That cash was then mostly spent at a local casino in Hamburg.

According to prosecutors, the unnamed guy had already reimbursed €4.5 million ($6 million), although (more…)

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