Word: swiss
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Dates: during 1990-1999
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...personnel and an entirely different business focus. There is simply no comparison between the two firms." One thing hasn't changed, however: the Kott connection. Several major JB Oxford shareholders have been closely associated with Kott or with stocks pushed through Kott-connected boiler rooms. Felix Oeri, a Swiss financier who is Oxford's biggest stockholder, bought a large block of Hariston stock a few years ago after it was recommended to him by Kott. (Oeri says he's lost money on the stock.) Arabella, a Luxembourg company that is Oxford's second-ranking stockholder, is currently the controlling shareholder...
THAT MONEY IN SWISS BANKS...
...plunder of Jewish property, possessions and capital was horrible but almost "understandable" [WORLD, Oct. 28]. Victors have got the spoils for millenniums, but Switzerland's masquerade as a neutral safe haven to lure and then steal $3 billion to $7 billion in victims' assets was unprecedented, vile treachery. The Swiss banks should feel humiliated that more than 50 years have passed without their addressing the disposition of Jewish wealth. WILLIAM P. SAUNDERS Bloomfield, Michigan Via E-mail...
Fifty years is a long time to obstruct justice. The Swiss are worried about their world image? Ah yes, this is the benign country of chocolate, precision timepieces, army knives, downhill skiing, Heidi and William Tell. Hogwash! The Swiss are the people who do business with and protect organized crime, petty dictators, drug dealers and, simply, fiscal terrorists. If the people in power really wanted to do the right thing, it would be easy. The consortium of banks and government would allocate a certain sum of money (far less than the $7 billion figure you mentioned, of course...
Your report was too one-sided. Although I am in no way connected to the Swiss banking business, I am convinced that no bank in the world would just pay out money to an individual without being sure that the receiver was entitled to it. Besides, the Swiss banks would probably be happy to get rid of the Holocaust funds as soon as possible since the matter is beginning to ruin their reputation. It is unfair to hint between the lines that many of the Swiss bankers, lawyers and accountants dealing with Holocaust fortunes must be crooks...