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Victims Sue Sparkasse After €400,000 Vault Heist

1/28/2026

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Summary

Story summary

In December, masked thieves drilled into a Sparkasse vault in Gelsenkirchen, Germany, stealing millions, drawing significant media attention.
On January 28, victims sued Sparkasse, alleging lax security.
Lawyer Daniel Kuhlmann said one victim lost nearly €400,000, and another lost valuables worth around €120,000.
The bank said it followed recognized security standards and that contents of safety deposit boxes are generally insured for €10,300.
Germany's BaFin regulator Mark Branson described the theft as "spectacular" and raised insurance concerns.

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Story summary

In December, masked thieves drilled into a Sparkasse vault in Gelsenkirchen, Germany, stealing millions, drawing significant media attention.
On January 28, victims sued Sparkasse, alleging lax security.
Lawyer Daniel Kuhlmann said one victim lost nearly €400,000, and another lost valuables worth around €120,000.
The bank said it followed recognized security standards and that contents of safety deposit boxes are generally insured for €10,300.
Germany's BaFin regulator Mark Branson described the theft as "spectacular" and raised insurance concerns.