German 'Robin Hood' Banker Receives a Short Sentence
The German "Robin Hood" banker who was charged with moving more than $11 million between people's bank accounts will only receive a 22 month suspended prison term.
She moved money from rich peoples bank accounts to poor people while not taking any for herself - hence "Robin Hood."
Also in her sentence the unnamed banker will have to pay back the $1.5 million overdrafts because some of the poor people that she gave money to spent it and can not pay it back.
She then used the money from richer customers to temporarily disguise the loans during the bank's monthly audit of overdrafts.
The woman has begun reimbursing the bank for the losses, reportedly from a small retirement pension.
She could have faced a four-year prison sentence, but the court decided on leniency as she had confessed immediately and did not profit personally.
The woman was also considered to have suffered enough, through the loss of her job and the requirement that she pay back the lost funds.
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Omaha, Nebraska, United States