Bank employee steals, gambles away millions

Police in the northern Swiss canton of Schaffhausen say a bank employee has confessed to embezzling SFr2.8 million ($2.7 million) to fund a gambling habit.

This content was published on October 26, 2009 - 17:15

The woman, who worked for banking giant UBS, said she gambled up to SFr90,000 per week over five years.

UBS has confirmed that it alerted police in September after discovering funds were missing at its branch in Neuhausen, near the Swiss-German border.

The 41-year-old woman, who has not been named, was arrested in September and held for several days, according to cantonal police. She was released and is scheduled to appear before a judge.

A UBS spokesman said on Monday that clients' accounts weren't affected by the alleged fraud. and agencies

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at

Sort by

Change your password

Do you really want to delete your profile?

Your subscription could not be saved. Please try again.
Almost finished... We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.

Discover our weekly must-reads for free!

Sign up to get our top stories straight into your mailbox.

The SBC Privacy Policy provides additional information on how your data is processed.