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

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It’s absolutely nothing not used to hear about people money that is stealing 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 is accused of stealing over €8 million ($10.6 million) from customers, which then he spent at casinos on the program of many years.

Stole Undetected for Years from Customers

According towards the fees, the person works in Buxtehude, a Northern Germany town that is a suburb of Hamburg. Over the course of more than three years spanning between 2007 and 2010 the man stole money from clients’ accounts no fewer than 156 times. He additionally directly took cash which had been directed at him by customers to spend. Based on prosecutors speaking in Stade District Court, the person even faked customer signatures on several occasions in an effort to achieve access with 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, several hundred thousand euros had been taken away from accounts simultaneously.

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

According to prosecutors, the man that is unnamed already reimbursed €4.5 million Continue reading