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No jail time for Italian bank manager who stole $1m and gave it to poor

Robin Hood is one of the West’s most beloved folk heroes. Robin Hood, the story goes, steals from the rich and gives to the poor. But no one would actually do that, right? Wrong. Italian bank manager Gilberto Baschiera got tired of rejecting poor people for loans while watching the rich get richer. From the article:

He set up a shadowy banking system in the town of 1,100 people, taking money from wealthy clients and secretly transferring it to the accounts of poorer residents so they could qualify for loans. Within seven years, according to prosecutors, Baschiera diverted 1 million euros.

Full story at The Star.

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  • Maninder Singh Kumar

    Loans require verification and that would be a problem even for Baschiera.