Global Financial Firm Credit Suisse had more Nazi-linked accounts than previously known: probe

Skip to comments.

Posted on 01/07/2025 9:46:09 AM PST by SeekAndFind

A Senate Budget Committee investigation has revealed Swiss lender Credit Suisse had more Nazi-linked accounts than previously known and obscured such information in the past. 

An investigation into Credit Suisse’s World War II-era accounts, led by committee Chairman Sheldon Whitehouse, D-R.I., and ranking member Chuck Grassley, R-IA, brought to light tens of thousands of documents that show “extensive” evidence of previously undisclosed Nazi-linked accounts at Credit Suisse, according to a committee news release Saturday

The bank, now owned by UBS, engaged in a “pattern of obstruction” by not fully disclosing such information during past investigations, the committee said.

In reviewing Credit Suisse’s private archives, Neil Barofsky, the independent ombudsman overseeing the investigation, and his team have made “significant discoveries” and “identified previously undiscovered banking relationships” at Credit Suisse and its predecessor banks, he wrote in a Dec. 17 letter to Grassley and Whitehouse.

That includes “scores of individuals and legal entities connected to Nazi atrocities,” Barofsky, a partner at law firm Jenner & Block, wrote in the interim update to the committee. “The Investigation has also identified accounts for several hundred alleged Nazi intermediaries who helped Nazis to hide gold, camouflage illicit transactions to purchase war materials, loot Jewish assets, including through the aryanization of Jewish businesses, and generally support the Nazi war economy.”

After concerns were raised by Jewish human rights organization the Simon Wiesenthal Center, Credit Suisse hired Barofsky in 2021 to probe its history of Nazi links; the bank then fired him in 2022, after “unsuccessfully pressuring” Barofsky to “limit his investigation,” the Senate Budget Committee release said.

Barofsky was reinstated in 2023 – after UBS completed its acquisition of Credit Suisse – as a result of the Senate committee’s investigation.

(Excerpt) Read more at yahoo.com ...

Click here: to donate by Credit Card

Or here: to donate by PayPal

Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794

Thank you very much and God bless you.

1 posted on 01/07/2025 9:46:09 AM PST by SeekAndFind

To: SeekAndFind

2 posted on 01/07/2025 9:48:39 AM PST by PGR88

To: SeekAndFind

3 posted on 01/07/2025 9:49:33 AM PST by Jonty30 (Liberals are a fulfillment of II Tim3:5. We are instructed to have nothing to do with those people. )

To: Jonty30

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

FreeRepublic.com is powered by software copyright 2000-2008 John Robinson