The 1998 settlement fund was the result of a class-action lawsuit launched in the United States by Holocaust survivors and victims' families alleging that Swiss banks were making it unnecessarily difficult to access dormant accounts by, for instance, requiring death certificates which typically do not exist for Holocaust victims.
Korman noted that the Swiss banks for decades clung to the dormant accounts and had continued deducting fees from them.
"It wasn't just one bank... It was a conspiracy," he told Beobachter.
According to Swiss news agency ATS, more than 452,000 Holocaust victims and their descendants have received compensation through the fund
Source: http://news.ph.msn.com/business/swiss-holocaust-fund-returns-dollar13bn-to-victims-judge-2
Korman noted that the Swiss banks for decades clung to the dormant accounts and had continued deducting fees from them.
"It wasn't just one bank... It was a conspiracy," he told Beobachter.
According to Swiss news agency ATS, more than 452,000 Holocaust victims and their descendants have received compensation through the fund
Source: http://news.ph.msn.com/business/swiss-holocaust-fund-returns-dollar13bn-to-victims-judge-2
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