Corrupt government leaders in Budapest, working with attorneys closely linked to far-right political groups, are seeking to redeem century-old German External Loan Bonds looted from the assets of Hungarian Holocaust victims. The circumstances of the theft of the equivalent of millions of dollars of Jewish-owned property, which we detailed in our recent story entitled 80 Years after the holocaust, the Descendants of Hungarians who Committed Atrocities try to Cash in German Bonds of the Victims (May 31, 2023), are attributed to the pro-Nazi Hungarian Iron Cross, whose members were guilty of Crimes against Humanity.
In an effort to cash in the 1924 reconstruction obligations, which the Government of Germany solicited to rebuild World War One damage, and which now were given a three-year window to compensate the heirs of Holocaust victims, fraudsters who appear to be related to the perpetrators of the 1944 and 1945 massacres, have now brought out the original stolen certificates from hiding. Germany previously, to date, has paid out billions on those obligations, but only to legitimate owners and their heirs and to whomever the heirs have legitimately assigned the Bonds.
Inasmuch as the German Government is requiring documentary confirmation of the bona fides of any putative heirs, as direct descendants of the murdered victims, many of whom were killed and thrown into the Danube, the fraudsters have created a fictional scenario where the claimants' associates claim to be pretenders to the former royal thrones of Indonesia and pre-revolutionary China. They are alleging that their forebears purchased the bonds during the nineteen twenties.
The bogus claims, which cannot be proved, as they are totally fabricated, are reportedly being advocated by Budapest attorneys, whom we intend to specifically identify in a future article. together with the names of other unqualified applicants who are seeking to use stolen bonds, taken from safekeeping in Jewish-owned banks that were vandalized and destroyed, and obtain payment, using forged and counterfeit instruments. Fortunately, we understand that those proffered to date have not been accepted for payment by Germany.
Our previous article, which has been republished on the Internet, has resulted in the issuance of death threats, but we shall be continuing to cover this scandal in detail. The German Government is aware of the group and their background and international law enforcement are investigating.
Contributed by Kenneth Rijock - Financial Crime Analyst (USA)