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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 component of a brand new trend of high-dollar gambling thefts

It is nothing new to hear about individuals money that is stealing purchase to spend it on gambling. However, it's rare that the theft ever gets this big. A 39-year-old German bank worker was accused of stealing over €8 million ($10.6 million) from customers, which then spent at casinos on the course of a long period.

Stole Undetected for Years from Customers

According to your charges, the person works in Buxtehude, a Northern Germany town that is clearly 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 straight took money that had been directed at him by customers to invest. According to prosecutors talking in Stade District Court, the man even faked customer signatures on several occasions to be able to achieve access with their money.

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

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

According to prosecutors, the unnamed guy had already paid back €4.5 million