Wednesday, November 25, 2009

Robin Hood Banker Gave Millions To The Poor

Germany - A German bank manager who 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 she 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.---...More

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