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UK Based Rent to Own Company 'Boxclever' Blamed for Huge Losses at West German Bank
08-11-03
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Box Clever

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Robin Saunders

Robin Saunders

The BBC is reporting even greater losses than previously projected for West German bank WestLB as a result of a financing deal gone bad with UK based Boxclever.

The American born banker, Robin Saunders forged the deal with Boxclever.

To date, losses from the deal have forced WestLB to set aside over 200 million euros to cover expected losses.

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