German Banker Accused of Stealing Millions to Fund Gambling Habit

A banker that is german component of a new trend of high-dollar gambling thefts

It’s absolutely nothing new to hear about people stealing money in purchase to spend it on gambling. Nonetheless, it’s rare that the theft ever gets this big. A 39-year-old German bank worker happens to be accused of stealing over €8 million ($10.6 million) from customers, which then he spent at casinos throughout the course of 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. Over the course of more than three years spanning between 2007 and 2010 the man took money from customers’ accounts no fewer than 156 times. He additionally directly took money that had been given to him by customers to spend. Based on prosecutors talking in Stade District Court, the man even faked customer signatures on several occasions so as to get access with their money.

The amounts stolen varied greatly from client to client. At some times, he stole only a few hundred euros; in the many dramatic cases, a few hundred thousand euros had been taken out of accounts at once.

In total, €8.4 million ($11.1 million) was applied for of customer accounts on the years. That cash was then largely spent at a casino that is local Hamburg.

According to prosecutors, the man that is unnamed already paid back €4.5 million ($6 million), though the