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40%  
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  • NYT: Spitzer Looking Into World Jewish Congress -- Unusual money transfers, followed by inquiry

    12/31/2004 9:13:49 AM PST · by OESY · 9 replies · 804+ views
    New York Times ^ | December 31, 2004 | STEPHANIE STROM
    In odd series of money transfers ordered by the leader of the World Jewish Congress, the tiny nonprofit that has wrested billions in Holocaust restitution from banks, companies and governments in Europe, has provoked an informal inquiry by Attorney General Eliot Spitzer of New York, people contacted by Mr. Spitzer's office said. Officials from Mr. Spitzer's office have been contacting organization insiders and others in the United States and abroad, and the organization appears to be working to head off a full-blown investigation. Toward that end, Stephen E. Herbits, who has been hired by Edgar Bronfman Sr., the organization's chief...
  • NYT: Money-Shifting Uproar Shakes World Jewish Congress

    11/30/2004 11:00:54 AM PST · by OESY · 3 replies · 724+ views
    New York Times ^ | November 30, 2004 | STEPHANIE STROM
    he World Jewish Congress is in turmoil, two decades after the billionaire Edgar M. Bronfman Sr. rescued it from crushing debts and propelled it to remarkable successes. With just a few dozen employees and an $8 million annual operating budget, the congress, a nonprofit organization, brought to light the Nazi past of Kurt Waldheim, the former United Nations chief, and forced Swiss banks to pay more than $1 billion to settle Holocaust-related claims. Now the organization that criticized those banks for their lack of transparency and accountability finds itself under attack on similar accusations - and from within the Jewish...