Tuesday, June 3rd, 2008...6:32 pm
Huge Profits Casts Shadow over Holocaust Survivors Organization
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Through the sale of property Nazis stole from Jews in eastern Germany that was later signed over to the organization, the Jewish Claims Conference has made a profit of about 1.5 billion euros. But not all of that money has been given to Holocaust survivors. Criticism of the powerful organization is growing in Israel and many are calling for greater transparency. After the fall of the Berlin Wall, the heirs were given until 1992 to file claims. By law, those who did not file such claims forfeited their property to the JCC. According to its own records, the JCC has earned about €1.5 billion ($2.3 billion) from the sale of properties following restitution. Spiegel.de
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