Posts Tagged ‘unauthorized loans’
Robin Hood banker gets suspended sentence
A German bank employee who secretly transferred money from rich to poor clients has been given a 22-month suspended prison term.
The 62-year-old woman, dubbed the ‘Robin Hood Banker’, moved more than $11 million in 117 transfers…
The court in Bonn was told that the employee, who has not been named, took no money for herself.
The bank made a loss of more than $1.5 million when poor customers were unable to pay back unauthorised overdrafts…
The woman has begun reimbursing the bank for the losses, reportedly from a small retirement pension.
If her pension is anything like my Social Security check, she’ll be 247 years old by the time she finishes picking up the tab.
