Article: MK: Holocaust heirs losing millions of dollars to Jewish organizations

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Headline: MK: Holocaust heirs losing millions of dollars to Jewish organizations Byline: NINA GILBERT Edition; Daily Section: News Page: 04

Tuesday, January 15, 2002 -- World Jewish organizations are set to "rake into their coffers" some $1 billion in unclaimed funds allocated by Swiss banks to compensate for assets from dormant Holocaust-era accounts, Herut MK Michael Kleiner said.

Only some 3 percent, or $37 million, of the $1.25 billion coming from the settlement with the Swiss banks is likely to be paid to the legal heirs of the assets, according to an estimate obtained by Kleiner. The deadline for submitting claims was January 1.

Kleiner attributes ...

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