web analytics
April 18, 2015 / 29 Nisan, 5775
At a Glance
News & Views
Sponsored Post


Swiss Banks’ Holocaust Fund Has Paid Out $1.24 Billion

By: JTA

Holocaust survivors and victims’ heirs have received $1.24 billion from a Swiss fund set up in 1998 following a scandal over dormant accounts of Jews killed in World War II, according to the Swiss  Jewish weekly Tachles.

It wrote that the figure appeared in a report by New York judge Edward Korman, who oversees the management of the fund.

Korman’s report summed up operations since a landmark 1998 deal between the World Jewish Congress and Swiss banks. Under the accord, the banks paid a $1.25 billion settlement, which was transformed into U.S. government bonds.

Payouts were then overseen by Korman and the Swiss-based Claims Resolution Tribunal, which wrapped up its operations in 2012.

All told, 457,000 Holocaust survivors and heirs have therefore received money from the fund.

Among them were 199,000 people who were pressed into forced labor by Nazi Germany, and who received a share of $288 million.

The banks were accused of keeping money owned by Jews who had hidden funds in secret accounts in neutral Switzerland but then perished in the Holocaust, and of stonewalling heirs who tried to track down the money.

Within the fund, a total of $800 million was destined for account holders and their heirs.

About the Author:


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

5 Responses to “Swiss Banks’ Holocaust Fund Has Paid Out $1.24 Billion”

  1. Anna Chong says:

    Good, wll done!!

  2. Anonymous says:

    HOLOCAUST CLAIMS COMMISSION. Why are there so many Holocaust survivors living in abject poverty while considerable sums continue to be expended by the Claims Conference on causes which lack a genuine relationship with the Holocaust. I would like to see a comprehensive list and I think we all would be quite outraged. RABBI DR. BENRHARD ROSENBERG

  3. Anonymous says:

    What about the Nazi money stolen from the jews and deposited in Swiss banks?

  4. Anonymous says:

    I am 65 years old and was born in a displaced persons camp. My parents, survivors of Auschwitz and Buchenwald, died when I was relatively young. Except for a cousin, their entire families perished in the Holocaust and all their property, including land and businesses, was taken from them.

    Any elderly Holocaust survivor who is in need of food, medicine or financial assistance, which Germany made available, should receive the additional funding through the Claims Conference.

    While I realize Holocaust survivors will say that the money given by Germany belongs to them — and it does, every penny — I can suggest other venues where this money would help the children, grandchildren and future generations of those who suffered in the Holocaust, like funds for the Jewish education of children and future generations.

    How many rabbinical schools offer courses in Holocaust history or education? This is the way to preserve the memory of the Holocaust and those who died. Already 20 percent goes to non-Holocaust venues; why not help the second and third generation? Holocaust survivors who can afford it would be happy to help their children and grandchidren. The first and only priority are the real Holocaust survivors in need of food, medicine and medical care.

    Are we going to allow the same leadership of the Claims Conference, those who were at the helm when more than $50 million was stolen? It is time for new leadership. Unless others join me in speaking out, 10 years from now we will be reading about more theft and misuse of funds while most of the Holocaust survivors will have died.

    Rabbi Dr. Bernhard Rosenberg

    EDISON

  5. Anonymous says:

    All survivors learned very quickly to keep their mouths shut so as to save their lives. Those early lessons stuck all too well. Now the 2Gs AND 3Gs don't have that excuse.

    I AM STARTING TO LOOSE ALL RESPECT FOR HOLOCAUST SURVIVORS WHO DO NOT SPEAK UP.. I NEVER THOUGHT I WOULD SAY THIS IN MY LIFE. MY PARENTS WERE SUCH FIGHTERS. I AM THE ONLY RABBI SPEAKING UP AND HAVE BEEN ATTACKED AND RIDICULED. WHERE ARE THE SURVIVORS OR 2G'S , 3g's MANY OF THE HOLOCAUST GROUPS / ORGANIZATIONS MUST BE IN BED WITH THE HOLOCAUST CLAIMS CONFERENCE. IF I HAD THE LIST I BET I WOULD BE PROVEN CORRECT. I BEG YOU , PLEASE PROVE ME WRONG.

    RABBI DR. BERNHARD ROSENBERG

Comments are closed.

Current Top Story
Daniel Lubetzky  president of V15 and CEO of Kind "healthy" bars
No Victory for V15 and Not Healthy ‘Healthy’ Snack Bars
Latest News Stories
Hebron terrorist arrested

The wannabe terrorist wanted to be arrested more than he actually wanted to stab the soldier.

Raising Star

Israeli workers raise a large Star of David (Magen David) onto the “Harp Bridge” at the entrance of Jerusalem on April 17, 2015, in honor of Israel’s upcoming Israel’s Memorial Day and the 67th Independence Day. Israel will mark its 67th Independence Day on April 22, 2015.

Daniel Lubetzky  president of V15 and CEO of Kind "healthy" bars

First thwarted at the Israeli polls, now V15 funder’s “healthy” bars are also losers.

Mrs. Golda Katz a"h

She had many names and was many things to many people, but to me she was just Babineni.

The EU wants to label Settler products. Liberman want to remind them of the last time they labeled Jews.

A pro-BDS professor at Sydney University may face disciplinary action over his conduct at lecture where anti-Israelis disrupted a speech by retired British Col. Richard Kemp, who has often praised  the IDF for its morality while fighting terror. The university issued a “show cause” letter to Prof. Jake Lynch, according to The Australian. Jewish students […]

Liberman is adamantly insisting on receiving the Ministry of Foreign Affairs, but Netanyahu wants Liberman to step back and take something else.

The teacher could face three years in jail for displaying Nazi symbols, which includes singing Nazi songs.

Ministerial distributions are starting to firm up, but Bennett reportedly has a new demand.

Egypt’s clampdown on tunnel has left Gazans without popular and addictive drug that helps them forget their misery.

“Our men, our women, our children all envision kidnapping your soldiers and settlers, wherever they are.”

12 Christian Africans ‘thrown overboard’ by Muslim African migrants

The rock under the mosaic floor that was damaged is the foundation where the two Holy Temples stood.

U.S. Secretary of State Kerry calls the Shoah “the most painful and horrific chapter in human history.”

Thousands paid their respects to Shalom Yochai Sherki, 25, who succumbed on Thursday morning to injuries he received when a car that slammed into a bus stop he was standing near.

The president was very politically correct on Israel’s Holocaust Remembrance Day in Israel.

More Articles from JTA

More than 20 cars and buildings in a Jewish community in north London were vandalized with swastikas. The Nazi symbol was drawn on approximately 27 cars in the Osbaldeston Road area of Stoke Newington on Sunday night, The Daily Mail reported. An unnamed 32-year-old man was arrested in connection with the vandalism Tuesday. The neighborhood […]

New York State Assemblyman Dov Hikind called on the Jewish community to attend the funeral of an assassinated New York police officer. “The brave men and women of the NYPD risk their lives every day to protect us. We value them and stand with them,” Hikind, a Democrat who represents Brooklyn, said in a statement […]

“Move Jew” scrawled on a Philadelphia home and slurs written on a synagogue and 10 garages in Chicago.

The Nazis nearly destroyed the 17th synagogue.

Cuba has “the largest pool of untapped baseball talent in the world, and Major League Baseball may tap and leave Cuba dry.

Argentina’s president Christina Fernandez has accepted an official Jewish godson for the first time in the country’s history to help counter legend of death to a seventh son. She described in seven tweets her meeting with her new godson, Yair Tawil, a member of a Chabad-Lubavitch family. He was adopted as a godson under a […]

A fundraising campaign started quietly by two first graders two years ago to help find a cure for a rare genetic disease just passed the $1 million mark.

Printed from: http://www.jewishpress.com/news/breaking-news/swiss-banks-holocaust-fund-has-paid-out-1-24-billion/2013/07/17/

Scan this QR code to visit this page online: