Female Robin Hood Banker Gave Millions To Poor

Another bank manager behaved like Robin Hood, and the person is a female. The first person is Benedict Hancock, 39, last year. And now, a German bank manager secretly transferred millions of pounds from rich clients to debt-ridden customers has been spared jail.

The 62-year-old, dubbed the "Robin Hood banker", was found guilty of moving a total of 7.6 million euros (£6.85m) between 2003 and 2005.

She carried out 117 separate transfers to try and stop people's accounts closing due to lack of funds.

As a rule, the banker - whose name was not reported under German media conventions - moved the money back when the indebted clients were solvent again.

But 1.1 million euros (£991,000) was lost when certain customers were unable to pay their debts. A court, in the western city of Bonn, took a lenient view of the fraud because the defendant owned up immediately and did not take any money for herself.

A judge also said the banker had suffered enough after losing her job and paying compensation. The manager was given a 22-month suspended jail term and she now lives off a tiny pension.

Via - Sky News



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