Thursday, October 04, 2018

Sad, when kindness not repaid. Story of Banker Gilberto Baschiera, who swiped €1m from rich savers to lend to needy, rues ‘shadow funding’ that left him homeless

Baschiera told his grateful customers that he was relying on them to repay the money, but some did not, leaving him exposed. “He trusted that the people he was helping were going to be able to pay back, and some of them didn’t,” Mete said.
https://www.theguardian.com/world/2018/oct/04/robin-hood-of-the-alps-pays-for-costly-mistake-after-banking-on-trust

Oh, woe be unto those who did not repay Baschiera.  H.

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