Showing posts with label Robin Hood. Show all posts
Showing posts with label Robin Hood. Show all posts

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