..

German Banker Stole €8.4 million From Clients to Feed Online Gambling Habit

Written by:
Jagajeet Chiba
Published on:
Aug/12/2013
German Banker Stole €8.4 million From Clients to Feed Online Gambling Habit

A 39-year-old banker is accused of taking approximately €8.4 million from clients while working at the in Buxtehude near Hamburg.

The unidentified individual appeared in a Stade District Court on Monday.  He is alleged to have forged signatures along with stealing funds during a period from 2007 to 2010.

The man allegedly blew much of the missing €8.4 million on online gambling and at a Hamburg casino.   Defense attorneys argue that the man had a gambling addiction, thus reducing his level of criminality. 

He has been charged with fraud, breach of trust and falsification of documents.

Prosecutors said the man, who has not been named, had already paid back €4.5 million.

The trial is set to continue on August 21 with a verdict expected in mid-September.  If found guilty he could be jailed for several years.

- Jagajeet Chiba, Gambling911.com

 

Gambling News

Video Evidence NFL Players Involved in Poker Game Armed Robbery

Video Evidence NFL Players Involved in Poker Game Armed Robbery

The New York Daily News reports that video evidence, Instagram DMs, and testimony show payoff cover-ups for NFL players DeAndre Baker and Quinton Dunbar tied to an alleged armed robbery that occurred on May 13 in Miramar, Fla.

Can I Bet on Mybookie.ag From Iowa

Can I Bet on Mybookie.ag From Iowa

MyBookie.ag is among the most searched for online sportsbooks on the Web today but there are so many other great options from which to choose from if you live in Iowa

Butcher Facing Federal Gambling Charges

Butcher Facing Federal Gambling Charges

A North Shore butcher tangled up more than a decade ago over accusations of illegal sports gambling now faces criminal charges in federal court, prosecutors announced Thursday.

NJ Halts Bets on Ukrainian Table Tennis Due to Match Fixing

NJ Halts Bets on Ukrainian Table Tennis Due to Match Fixing

The New Jersey Division of Gaming Enforcement on Thursday ordered all sportsbooks to cease taking bets on Ukrainian table tennis.

First Virginia Sports Bets Next Year, FanDuel Expands McAfee Arrangement

First Virginia Sports Bets Next Year, FanDuel Expands McAfee Arrangement

Former Indianapolis Colts punter Pat McAfee Inc. and FanDuel will expand their sports betting and media partnership.

Syndicate