did the allies make the swiss banks give back the valuables that were taken from the Jews by the Nazis?
i know Hitler sent allot of their valuables to them of the Jews did the allies make them give it back after the war?
- 1 decade agoFavorite Answer
Several inquiries have been made into the conduct of Swiss banks during the National Socialist (Nazi) regime in Germany (1933-1945), especially regarding funds deposited by or stolen from victims of the Holocaust.
In October of 1996, as inquiries into the banks' activities during the Holocaust were ongoing, Swiss ambassador to the United States Carlo Jagmetti admitted that some banks prevented Holocaust survivors from accessing their funds, although he disputed the amounts claimed in lawsuits by survivors. Among those leading inquiries into the banks' conduct during the war was Alfonse D'Amato, a United States Senator from New York. United Bank of Switzerland security guard Christoph Meili became a prominent whistleblower when he prevented the destruction of Holocaust-era records and brought attention to their existence. In 1998, an international panel of historians released a study that claimed a significant amount of gold had been stolen from Holocaust victims, as well as the treasuries of conquered countries, and deposited in the Swiss National Bank. The panel found that, despite evidence of theft and wrongful acquisition of the gold, the SNB continued to accept the deposits. In 2000, a United States District Court judge approved a US$ 1.85 billion settlement between several Swiss banks and Holocaust victims. An estimated 50,000 accounts in Switzerland were opened by victims during the Nazi regime; some banks refused to make payments to victims' families because of the lack of death certificates.
Also, the Conference on Jewish Material Claims Against Germany, or Claims Conference, represents world Jewry in negotiating for compensation and restitution for victims of Nazi persecution and their heirs. The Claims Conference administers compensation funds, recovers unclaimed Jewish property, and allocates funds to institutions that provide social welfare services to Holocaust survivors and preserve the memory and lessons of the Shoah.
The Claims Conference also works with the International Commission on Holocaust Era Insurance Claims (ICHIEC) to process claims for unpaid Holocaust era insurance policies. The Claims Conference also administers programs on behalf of the U.S. District Court administering the Swiss Banks Settlement.Source(s): Wikipedia, the free encyclopedia
- 1 decade ago
Yes and no. Although some assets were returned, many times the rightful owners were "exterminated" and weren't able to ask for the return of their valuables. Even their descendants (if any are left) have a hard if not impossible time trying to secure the return of their family's valuables. There is a huge amount involved here, and the banks are not going to give any of it up without a fight.
- mimiLv 41 decade ago
As I am typing this, Millions are still held in Swiss Bank Accounts and not returned to the Jewish People. The Allies did nothing.
- Anonymous1 decade ago
Yes buddy they did and they are still collecting their rightful possessions, it is just a matter of distributing it to the dead families relatives. At any rate all of those people are pretty broke right now the ones that were living all these years for several generations on the skeletons of others. I guess you could say we opened their closets and found their skeletons literally. ha ha
Merry Christmas and Happy New Year
But one more thing, no amount of money can bring back those people or erase the atrocities that they did ever.
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- 1 decade ago
To that girl who said that the allies 'did nothing', I think that I should remind you that the allies FREED the Jews. Is that enough?
- Anonymous1 decade ago
You know that a lot of loot never was returned and just enriched the swiss banks.