BBC

Accessibility links

BBC News Updated every minute of every day

News Front Page Africa Americas Asia-Pacific Europe Middle East South Asia UK Business Health Science & Environment Technology Entertainment Also in the news ----------------- Video and Audio ----------------- Programmes Have Your Say In Pictures Country Profiles Special Reports

Related BBC sites

Languages

Page last updated at 13:21 GMT, Tuesday, 24 November 2009
E-mail this to a friend
Printable version

German 'Robin Hood' banker gets suspended sentence



Euros The woman used the money to cover up unauthorised overdrafts

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 $11m (£7m) 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 $1.5m (£1m) when poor customers were unable to pay back unauthorised overdrafts.

The employee was accused of allowing overdrafts for customers who would not normally qualify for them.

Small pension

She then used the money from richer customers to temporarily disguise the loans during the bank's monthly audit of overdrafts.

The woman has begun reimbursing the bank for the losses, reportedly from a small retirement pension.

She could have faced a four-year prison sentence, but the court decided on leniency as she had confessed immediately and did not profit personally.

The woman was also considered to have suffered enough, through the loss of her job and the requirement that she pay back the lost funds.



Bookmark with:

What are these?


E-mail this to a friend
Printable version

Print Sponsor



SEE ALSO Country profile: Germany
24 Oct 09 |  Country profiles
TOP EUROPE STORIES French election fear for Sarkozy
Cyprus bishops' tombs vandalised
Volcano erupts in south Iceland

MOST POPULAR STORIES NOW

Most popular now, in detail Most popular now, in detail Most popular now, in detail

FEATURES, VIEWS, ANALYSIS

Scene of the massacre in the South African township of Sharpeville on March 21st 1960. The police opened fired on a demonstration against apartheid laws, killing 69 people, and wounding 180. Sharpeville ghosts
Unease as South Africa remembers 1960 massacre

View of East Jerusalem neighbourhood of Ramat Shlomo - 11 March 2010 History lessons
Does James Baker hold key to a US rethink on Israel?

iphone with apps App boom
The developers making millions from smart phones
Most Popular Now

Most Popular Now | 46,229 people are reading stories on the site right now.


Skip to top

PRODUCTS & SERVICES

Explore the BBC

Home

Popular links

A to F

  1. BBC iPlayer
  2. CBBC
  3. CBeebies
  4. Food

H to L

  1. Health & Parenting
  2. History
  3. Learning
  4. Local & Nations

M to Sc

  1. Music
  2. News
  3. Radio
  4. Science & Nature

Sp to W

  1. Sport
  2. TV
  3. Weather

A whole lot more from the BBC

Back to start of navigation

Site links

BBC links

Quantcast

BBC © MMX

The BBC is not responsible for the content of external internet sites.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.
Americas  Africa  Europe  Middle East  South Asia  Asia Pacific 

watch One-Minute World News

Change Text Only Settings

Graphic version of this page