Robin Hood Banker spared jail
November 25, 2009
A German banker whose name has not been released because of legal reasons has been told that she will not be going to jail for illegally transferring customer’s funds. In an attempt to keep accounts from being closed down because they did not have enough money in them the banker would top them up with money from the accounts of the banks richer clients. When those customers whose accounts she had topped up became more solvent again she would transfer the money back. She has been dubbed The Robin Hood Banker.
Over a period of two years between 2003 and 2005 the banker managed to transfer a total of £6.85 million. The sixty-two-year-old woman managed to make a total of 117 transfers in order to keep customers in the black.
Although the banker almost always managed to transfer back the funds she had borrowed a total of £991,000 was lost due to the customers she was helping out not having sufficient funds to top up the other customer’s accounts.
A court in Bonn decided that the woman should not go to jail because when she was asked about her actions she confessed everything immediately. The court also said that they would be taking into account the fact that the woman had never taken any money for herself. The judge also pointed out that the woman had been punished enough by losing her job and losing a lot of money through compensation claims. The Robin Hood of the banking world now has a 22-month suspended sentence and a tiny pension.
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