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06/03/2008: "Huge Profits Casts Shadow over Holocaust Survivors Organization"

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.

According to the JCC, the proceeds from these sales are used "for the benefit of Holocaust survivors." But representatives of victim groups question whether this is true and accuse the JCC of a lack of transparency and of having accumulated enormous reserves. Documents SPIEGEL has obtained also suggest questionable business practices. Internal documents paint a picture, not of a selfless organization devoted to championing the rights of others, but of a business enterprise sitting on assets worth hundreds of millions of dollars.

[ Interesting how they are so driven to create scams that they actually will scam their own people. ]

http://www.spiegel.de/international/world/0,1518,557447,00.html