Nov 092007

Once again, Reuters fails to see the actual story buried beneath the one they decided to print-

A German bank manager gave loans to a woman for sex and then embezzled thousands of euros to buy the silence of her relatives, authorities said on Thursday.

When the man realized he could not offer the jobless woman a loan because of her poor credit history, he offered to lend her the money personally in return for sexual favors, said a spokesman for a court in the southern town of Tuebingen.

Victimless crime – Loaning (or giving) someone money in exchange for sexual services. No force, no crime. Two consenting adults, yada, yada, yada.

Crime Victims – Every customer of the man’s bank who will have to pay higher fees to cover the cost of the bank straightening this whole thing out. Although the article doesn’t make it clear there could be some very real victims who also lost substantial portions of funds embezzled by this man in order to pay hush money to cover his victimless crime.

Yes the guys an idiot (for telling the woman’s family about the deal), a scoundrel (for cheating on his wife) and a thief (embezzlement), but if the original transaction had been legal in the first place then he’d just be an idiot and a scoundrel. The bank’s customers wouldn’t have to be paying twice for his misdeeds. They’re paying twice because they may have lost money directly and will have to pay higher fees (or receive lower interest) at the bank in the future, and they will also have to pay to house and feed this guy for the next 45 months.

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