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-Caveat Lector-

Daily News 5/14/04

Chase assist in Nazi funds

Chase Manhattan Bank, predecessor to J.P. Morgan Chase, helped the Nazis
raise over $20 million in foreign exchange between 1936 and 1941, a new
report shows.

For its work, Chase collected over $500,000 in fees, some of which came from
the sale of discounted, blocked currency mainly from the accounts of Jews
who had fled Germany.

"We long ago addressed the historic involvement" of the bank, a J.P. Morgan
spokesman said. "The firm issued a public acknowledgment and apology on this
troubling matter more than four years ago."

The new report is part of a book titled "U.S. Intelligence and the Nazis,"
which includes information from 240,000 previously unreleased pages of
Federal Bureau of Investigation documents.

The report said Chase avoided prosecution when its lead lawyer, a former
U.S. Attorney, threatened to reveal FBI, Army and Navy sources and methods
in open court.

Daniel Dunaief

Originally published on May 14, 2004


www.ctrl.org
DECLARATION & DISCLAIMER
==========
CTRL is a discussion & informational exchange list. Proselytizing propagandic
screeds are unwelcomed. Substance—not soap-boxing—please!   These are
sordid matters and 'conspiracy theory'—with its many half-truths, mis-
directions and outright frauds—is used politically by different groups with
major and minor effects spread throughout the spectrum of time and thought.
That being said, CTRLgives no endorsement to the validity of posts, and
always suggests to readers; be wary of what you read. CTRL gives no
credence to Holocaust denial and nazi's need not apply.

Let us please be civil and as always, Caveat Lector.
========================================================================
Archives Available at:

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