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

Man Sentenced to Death for 2022 Hacking Murder of Employer to Cover Mounting Online Gambling Debts

Man Sentenced to Death for 2022 Hacking Murder of Employer to Cover Mounting Online Gambling Debts

A Dhaka, Bangladesh Additional Metropolitan Sessions Judge Court on Wednesday handed down the death sentence to Hridoy Bepari alias Hridoy Mia for the 2022 murder of his employer, Afroza Sultana, in Dhaka’s Maddhya Badda area.
Kentucky $167M Powerball Winner Arrested Again for Allegedly Strangling Woman

Kentucky $167M Powerball Winner Arrested Again for Allegedly Strangling Woman

James Farthing, a former convict, had already plead guilty of assaulting a police officer while celebrating his big win during a trip to Florida. Now he's been charged with strangulation and assault – both for domestic violence.
Man Convicted for Gunpoint Robbery, Followed Two Men Home From Seminole Hard Rock Casino in Hollywood Florida

Man Convicted for Gunpoint Robbery, Followed Two Men Home From Seminole Hard Rock Casino in Hollywood Florida

Kwame Antawan Moorer was found guilty on two counts of robbery with a firearm. Moorer was accused of robbing two men at gunpoint in the summer of 2022 after he followed them from the casino floor to the parking garage and back home to their Boca Raton condominium.
 His Clock Cleaned - What Really Happened During the Detroit Funeral Home Incident

Mob Rat Gets His Clock Cleaned - What Really Happened During the Detroit Funeral Home Incident

The title says it all. This video exposes what happened at the funeral of a close relative of deceased Detroit LCN Boss Joseph Zerilli, and leaves questions as to why certain Mob genre content creators refuse to report when Rats and Snitches misbehave. The incident in question happened back in April.