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

Parx Casino

Baby Left in Scorching Hot Car at Bensalem Pennsylvania Casino for Hours

Temperatures outside were in the low 80's with child sweltering at the time police arrived to break into vehicle. Teacher charged.
Sentencing judge

Three Men Sentenced in Killing One and Wounding Three Others at Brooklyn Gambling Hall

Illegal gambling hall botched robbery occurred in October of 2020.
Handcuffs

Massachusetts Man Charged in Gambling-Linked Dog Fighting Ring: 'I Dump Dead Dogs in Boston Harbor'

Corey Elliott ran gambling-linked dog fighting operation in Southeastern Massachusetts for years, according to the complaint.
Dave & Busters

Suit Against Dave & Busters in South Carolina Court Claims Arcade Games Are Unlawful Gambling

A state advocacy group filed a suit in the District Court of South Carolina Florence Division late Wednesday April 15 arguing the chain’s games function as unlawful gambling rather than entertainment.