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 part of a new trend of high-dollar gambling thefts

It’s absolutely nothing not used to hear about people money that is stealing purchase to spend it on gambling. But, 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 he then spent at casinos on the program of several 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. 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 cash which had been fond of him by customers to invest. In accordance with prosecutors speaking in Stade District Court, the person even faked customer signatures on several occasions to be able to gain access for their money.

The amounts stolen varied greatly from customer to client. At some times, he took only a couple of hundred euros; in the most cases that are dramatic several hundred thousand euros had been taken away from accounts at the same time.

As a whole, €8.4 million ($11.1 million) was removed of client accounts within the years. That cash was then largely spent at a local casino in Hamburg.

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