The former head of Deutsche Bank's private banking team in Frankfurt diverted more than 626,000 euros from the accounts of wealthy clients. Sven R., 39, admitted that he deliberately chose wealthy clients, including millionaires, because he figured that relatively small missing amounts would not be noticed so quickly. He wanted to quickly enrich the money with profitable but risky transactions and return it, but the plan failed. The court senten…
The former head of Deutsche Bank's private banking team in Frankfurt diverted more than 626,000 euros from the accounts of wealthy clients. Sven R., 39, admitted that he deliberately chose wealthy clients, including millionaires, because he figured that relatively small missing amounts would not be noticed so quickly. He wanted to quickly enrich the money with profitable but risky transactions and return it, but the plan failed. The court senten…