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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 order to spend it on gambling. But, it’s rare that the theft ever gets this big. A 39-year-old bank that is german has been accused of stealing over €8 million ($10.6 million) from customers, which he then spent at casinos over the program of many years.

Stole Undetected for Years from Customers

According to your costs, the man works in Buxtehude, a Northern Germany town that is clearly a suburb of Hamburg. During the period of more than three years spanning between 2007 and 2010 the man took money from customers’ accounts no fewer than 156 times. He additionally straight took money which had been given to him by customers to spend. According to prosecutors speaking in Stade District Court, the man even faked customer signatures on several occasions so as to gain access for their money.

The amounts stolen varied greatly from customer to client. At some times, he stole only a few 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 consumer accounts on the years. That money was then mostly spent at a local casino in Hamburg.

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