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Gerry
Blog"SWISS- EUROPEAN
BANKS-ACCUSED
BETRAYERS
OF
JEWISH
CUSTOMERS
IN
THE
HOLOCAUST"
"Restitution Efforts Drag On"
"Grandson Of Freud Awarded Payout"
12/14/05 - "Sigmund Freud Kin Awarded HOLOCAUST-Bank
Fraud Restitution"
CNN TV News- Brooklyn - The grandson of pioneering
psychoanalyst Sigmund Freud was awarded $168,000 in a case against Swiss
banks accused of betraying their Holocaust era customers in favor of the
Nazis. The estate of Anton Walter Freud, who died last year at age 83,
will receive the money as part of a $3 million payout to 23 claimants,
according to a ruling by U.S. District Judge Edward Korman in Brooklyn.
Gerry M. Kaye
Dec. 15, 2005; 6:20 A. M. PT
More than 30,000 claims have been made against Credit Suisse Group, UBS AG and other Swiss banks, accusing them of stealing, concealing or sending to the Nazis hundreds of millions of dollars worth of Jewish holdings and destroying bank records to cover the paper trail.
In the case of Sigmund Freud, he and his family were allowed to leave Austria for London in June 1938. He died in exile in September 1939 at age 83.
A tribunal investigation has found convincing evidence that Freud was a victim of persecution and the judge wrote that “much of his property and assets were confiscated” by the Nazis.
Dec. 14, 2005 - the grandson of pioneering psychoanalyst Sigmund Freud was awarded $168,000 in a case against Swiss banks accused of betraying their Holocaust era customers in favor of the Nazis.
The estate of Anton Walter Freud, who died last year at age 83, will receive the money as part of a $3 million payout to 23 claimants, according to a ruling by U.S. District Judge Edward Korman in Brooklyn.
The judge approved the payment on the recommendation of a court appointed tribunal that disburses funds set aside under a settlement between Holocaust survivors and the banks.
Although a judge approved a $1.25 billion settlement in 1998 and appointed the tribunal to process, lawyers representing the victims say about only 3,000 claims totaling $287 million have been paid so far.
In February, 2001, four years after publishing initial lists of dormant accounts that may have belonged to Holocaust victims, Swiss banks announced that they had published the names on an additional 21,000 accounts.
The total was far lower than what some U.S. banking officials had wanted published.
New York's top banking regulator, Elizabeth McCaul, had called on the Swiss banks to open their entire database of accounts: some 4.2 million in all, that might have belonged to survivors.
Jewish groups representing these survivors made a similar request, saying the process of returning survivors' assets necessitates full access to bank records.
Swiss banking officials refused, but, in a compromise, said claimants who have a reasonable case could request that the full database be searched.
Survivors have long complained about delays in the restitution process.
Given the survivors' advanced age, every delay meant that some survivors would not live long enough to get their money. Advocates estimate that some 1,000 survivors around the world die each month.
Elan Steinberg, executive director of the World Jewish Congress, estimated that some 30,000 Holocaust survivors died in recent years while restitution efforts involving Swiss banks and several European nations dragged on.
The WJC spearheaded an international campaign more than five years ago to convince the Swiss banks to confront their wartime record.
The published list was posted on the Internet at www.dormantaccounts.ch. It is the third list to be published by the banks, which agreed in August 1998 to pay $1.25 billion to settle charges that they hoarded the assets of Holocaust victims.
Dormant account holders are the primary recipients of the settlement.
Swiss officials reported that Albert Einstein and Sigmund Freud appeared on the latest list.
In an indication of how difficult it can be to identify account holders, however, the officials said they were unable to determine whether the names actually referred to the famous physicist and the father of psychoanalysis.
In 1997, two separate lists were published that included some 16,000 names linked to dormant accounts.
The lists were created through the efforts of an independent team of auditors, who conducted a three year search of Swiss bank records dating back to the Holocaust era.
People who believe they have a valid claim against the Swiss banks may submit an application to the Claims Resolution Tribunal.
Further information about the claims process is available at the tribunal's Web site, www.crt-ii.org.
Potential claimants also can obtain information by contacting their local Jewish federation or Jewish family service agency.
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References-
Dec. 15, 2005 CNN TV News
February 16, 2001: "Swiss
Banks Publish Names, Hope To End Restitution Saga" - ,
MITCHELL
DANOW - Jewish Telegraphic Agency
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