A German banker is component of a new trend of high-dollar gambling thefts
It is nothing new to hear about people stealing money in order to spend it on gambling. Nonetheless, 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 years.
Stole Undetected for Years from Customers
According to the charges, the man 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 directed at him by customers to spend. Based on prosecutors speaking in Stade District Court, the man even faked customer signatures on several occasions in an effort to gain access to their money.
The amounts stolen varied greatly from customer to client. At some times, he took only a couple of hundred euros; in the many dramatic cases, a few hundred thousand euros had been taken out of accounts at the same time.
In total, €8.4 million ($11.1 million) was removed of consumer accounts on the years. That cash was then mostly spent at a casino that is local Hamburg.
According to prosecutors, the unnamed man had already reimbursed €4.5 million ($6 million), though the rest of the cash Continue reading “German Banker Accused of Stealing Millions to Fund Gambling Habit”