home loan refinance, refinancing, mortgage, debt, restructing, consolidation, lower payments, dui lawyer, remortgage, loans, lower rates, reduce repayments, credit card rates, house loans, home loans, better finance, personal injury, borrowing, car loans, equity release, social lending, credit union

« Leg-humping sniffer dogs busted | Main | When the finance guy takes over »

Just another Robin Hood story

[Ananova.reports...]
A German bank manager has been jailed after he took £1.5m from rich clients' accounts and moved it to clients struggling with debts.

Bespectacled and balding, Peter Taubinger, 45, hardly fit the typical image of the glamorous hero robbing the rich to feed the poor.

But under his management, large sums were transferred from the bank, in the small town of Tauberfranken, after he decided poor people needed it more than the rich.

His efforts meant single mothers, pensioners, and even a young man made jobless by ill health suddenly found thousands of pounds credited to their accounts.

But he turned himself in after he realised he could not cover up what he had done any longer, and has now been sentenced to 34 months in prison on 168 counts of embezzlement.

Bauer said: "I felt for the unemployed and the poor and wanted to help them."

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)

About

This page contains a single entry from the blog posted on June 15, 2007 8:10 PM.

The previous post in this blog was Leg-humping sniffer dogs busted.

The next post in this blog is When the finance guy takes over.

Many more can be found on the main index page or by looking through the archives.

Powered by Movable Type 4.1
Hosted by LivingDot
bad credit, repo, foreclosure, repossession, ccj, new kitchen, asset finance, leasing, cash back loans