Swiss Bank Employee Embezzles $2.8M to Fund Gambling Habit
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Swiss police say a bank employee has admitted stealing millions from the bank's safe to fund her $60-89,000 a week gambling habit.
Police in the northern canton of Schaffhausen say the 41-year-old woman confessed to embezzling $2.8 million over the course of five years.
Investigating magistrate Martina Fankhauser says the unidentified Swiss woman was arrested Sept. 21 and has since been released pending charges.
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Swiss banking giant UBS AG has confirmed that it alerted police in September after discovering funds were missing at its branch in Neuhausen near the Swiss-German border.
UBS spokesman Dominique Gerster said Monday that clients' accounts weren't affected by the alleged fraud.