Was Robin Hood a banker? German banker gives money to poor customers

In the city of Odenwald an employee has been charged with unloyalty in 168 cases and is looking towards jail time of up to 3 years. What are the reasons behind this?

Well in the time between January 2001 and January 2006 the bank worker has been "transfering" money from certain customers' account to other customers' account. The reason behind this was that he wanted to give the money to the people who didn't have enough liquidity and under normal circumstances wouldn't have gotten a new loan.

How was this possible? Well he did several things, in one case he took some stocks from some customers sold them without placing an order and received 83.000 EUR for that. In other cases he faked telephone calls with customers who wanted to transfer money - so to make the impression that he was taking normal orders. This put in another 765.000 EUR. Another 300.000 EUR he made was through - among others - creating false money transfer forms. And he also took money as cash from the customers account (he had a anaging position and therefore had the power to do so) and gave them in cash to another customer or just cashed it into the bank account. This made another 949.000 EUR.

But he lost track of the accounts and the exact transfers. So while he tried to compensate the money which were transferred away from the customers' account in some way, he failed to compensate 640.000 EUR of the money.

He has been charged and can have it revised by a higher instance of the court system. He will probably do so because he will go to jail and won't get any probation.

SustainaBee says: Well, the intention was good, but the methods were all wrong and doesn't make it right. It would be nice to live in a society where money is more equally distributed, but stealing from people is not the answer.


Found via:

• CSR-News.net story (german only)