Otto Neuman

Otto Neuman

Former bank manager convicted of bank robbery
Country: Austria

Content:
  1. Efforts to Return the Stolen Money
  2. Remarkable News for Neuman
  3. Serving Time for the Crime

Former Bank Manager Convicted of Bank Robbery Receives Stolen Money 19 Years Later

Otto Neuman, a former bank manager who was convicted of bank robbery, has recently been returned €63,000 - the stolen money he took 19 years ago. Neuman, who is now 63 years old, had stolen a large sum of Austrian schillings in cash, as well as gold bars and coins, from his own bank branch in 1993. Facing financial difficulties, he hired two accomplices to stage a fake robbery at the Erste Bank in Döbling, a district in Vienna. When the police managed to apprehend the criminals, only €63,000 in cash and some of the gold remained, as the rest of the money had disappeared. The gold had already been claimed by the insurance company that compensated the bank for its value, while the cash had been sitting on the shelves at the Austrian Ministry of Justice ever since.

Efforts to Return the Stolen Money

Neuman's lawyer, Herbert Eichenseder, confirmed that court officials recently contacted him and asked for his assistance in returning the stolen money to his client. However, the bank believes that Neuman is not entitled to the funds since all his losses were fully compensated by the insurance company. The insurers also stated that they had no use for unclaimed cash, as they had not suffered any losses either. The stolen gold had appreciated in value so much that it covered the amount already paid to the robbed bank through insurance.

Remarkable News for Neuman

According to Eichenseder, he initially did not believe what the court officials had told him, but upon verification, the information proved to be true. The lawyer managed to locate his former client, which was no easy task after 19 years, and informed Neuman of the astonishing news. Despite his surprise, Neuman provided his bank details, and by now, the full amount should have been transferred to his account.

Serving Time for the Crime

Neuman had served 3.5 years in prison for his crime.

© BIOGRAPHS