Swiss retiree convicted of serial cycle thefts

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A former insurance agent stole nearly 900 bicycles in Basel.

GENEVA - A Swiss retiree in his seventies was convicted Tuesday of being a serial bicycle thief, rolling away nearly 900 stolen cycles over a six-year period.

The former insurance agent began stealing bikes after he retired in 2001, and quickly resold them, the Swiss news agency ATS reported.

By the end of 2007, he stole a total of 873 bicycles.

A court in the northwest Swiss city of Basel gave the bike thief a two-year suspended jail sentence and fined him CHF 66,000 (EUR 45,000, USD 57,000) for unpaid taxes on his illegal gains.

AFP / Expatica

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