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

Submitted by Jagajeet Chiba on

Written by :

Jagajeet Chiba

Published on :

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

 

Related Content

North Carolina Tourists Attacked By Las Vegas 'Showgirls', Battery Charges Filed

North Carolina Tourists Attacked By Las Vegas 'Showgirls', Battery Charges Filed

Fake showgirls give real showgirls a bad name as attack video went viral last week.
Arrested Salt Lake City Utah Bank Robbery Suspect Claims He Was Coerced, Owed $19K in Gambling Debts by Accomplice

Arrested Salt Lake City Utah Bank Robbery Suspect Claims He Was Coerced, Owed $19K in Gambling Debts by Accomplice

Fidel Ybarra says he was forced into committing the crime by Thomas Domingo Bustos, 31 while Brelyn Sanchez, 37, also allegedly participated.
Sarasota Florida Establishments Latest in State to Be Hit By Gambling Raids

Sarasota Florida Establishments Latest in State to Be Hit By Gambling Raids

Three alleged illegal gambling establishments in Englewood, Florida are the latest to be hit by gambling raids in the state that have thus far resulted in more than 184 illegal gambling arcades being shut down over the last year.
Another Arrest Warrant Issued for Disgraced Nevada Sports Handicapper Vegas Dave

Another Arrest Warrant Issued for Disgraced Nevada Sports Handicapper Vegas Dave

David Oancea, known to his social media followers as Vegas Dave, was found in contempt of court once again after the social media influencer failed to show up for court proceedings in a protracted civil case in which he owes debtors tens of millions of dollars.