19 June 2007: Robin Hood Jailed

A German bank manager, who has been dubbed by the media as the Banking Robin Hood, has been jailed for diverting funds from his rich clients' accounts to help his poorer clients.

Over a five year period he transferred a total of around 2 million euros (that's about 1.4 million pounds) from his high net worth clients' accounts. Nobody detected the scam - it only came to light when he turned himself over to police and confessed.

All of the misappropriated money went to poorer clients - he did not take any for himself. But the court still sentenced him to two years and 10 months in prison. He has the right to appeal the court's decision.