Overview
- The 48-year-old was found guilty of 29 counts of fraud and 42 counts of breach of trust, plus document forgery and falsification of evidence-relevant data.
- The court ordered confiscation of about €430,000, with total client losses assessed at over €1 million, including more than €600,000 from high-risk knock-out trades.
- Judges detailed schemes involving misappropriated gold ordered for elderly clients, manipulated documents and emails, and cash withdrawals arranged via a teller.
- The sentence exceeded the prosecution’s request of four years and ten months; the defense had argued for a suspended term and signaled a further appeal.
- Sparkasse Werra‑Meißner uncovered the misconduct in late 2018, suspended the adviser, compensated customers, and earlier secured a €650,000 labor-court settlement; in a separate Augsburg case, a 33-year-old forger received a 22-month suspended sentence and an €80,000 restitution order.