Billions of Looted Nazi Dollars in Mysterious Swiss Bank Account Lead to Treasure Hunt

A grim treasure hunt is underway to find billions of dollars in cash believed to have been looted by the Nazis.

It is feared that the dazzling amount is hidden in one or more mysterious bank accounts at Credit Suisse.

It comes after a chilling list was discovered containing the names of 12,000 former Nazis and sympathizers living in Argentina.

The 500-page document resurfaced in the country after it was previously thought to have been destroyed.

Names include those who belonged to the German Union of Syndicates – a cover for Nazis who had fled to the country.

Lawyers around the world are looking for the alleged stock that could have been hidden in a single secret account at the Swiss bank for the past 78 years, Bild reports.

The list of Nazis registered in Argentina


CEN/Simon Wiesenthal Center)

The list of 12,000 Nazis who lived in Argentina


CEN/Simon Wiesenthal Center)

The list was drawn up in the early 1940s by an Argentine parliamentary commission and lists all those who had sent money, allegedly looted from Jewish victims, to a bank account in Switzerland.

It was discovered by researcher Pedro Filipuzzi, of Argentina, who gave it to the Simon Wiesenthal Center.

The Jewish human rights organization, which investigates the Holocaust and tackles anti-Semitism, hatred and terrorism, first raised the allegations in March 2020.

Bosses confirmed that they had written to Credit Suisse’s vice president, Christian Kung, with a warning and an alleged request for access to the archives on behalf of Holocaust survivors.

The letter read: “We consider it very likely that these dormant accounts contain money looted from Jewish victims, under the Nuremberg Aryanization Acts of the 1930s.

“We are aware that you have already listed claimants as alleged heirs of Nazis.”

dr. Ariel Gelblung, who works for the center, explained how all the people who transferred Nazi money to Germany are on the list, including those who have not.

“The bank needs to open its files so that we can investigate,” he added.

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Historical records show that a growing Nazi presence was welcomed in Argentina during previous presidencies in the 1930s, leading up to World War II.

This was under the pro-Nazi military regime of President Jose Felix Uriburu and his successor Agustin Pedro Justo.

Documents with the names of those who contributed to the Nazi cause were allegedly discovered at the Argentine Congress in 1941 after a police raid on the headquarters of the German Union of Guilds, The Sun reports.

Many newspapers, including the list, were burned when the pro-Nazi United Officers’ Group came to power in 1943.

But it’s clear that Filipuzzi found an original when he was 20 years old working in a storage room at the former Nazi headquarters in Buenos Aires.

The list includes several German companies that had offices in Argentina, which also include the names of individuals.

These appear in alphabetical order, along with their date of birth and large numbers that are thought to refer to money.

According to Bild, Nazi supporters in Argentina have for years deposited millions of pounds into an account with Banco Transatlantico Aleman, a subsidiary of Deutsche Bank.

The money was officially used to fund charitable work by the National Socialist People’s Welfare, the “German Winter Aid”.

But the list reportedly shows that some of the money went to a bank account at Credit Suisse, then called the Schweizer Kreditanstalt.

It is alleged that bank president Ludwig Freude personally managed the secret stock before he died in 1956.

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Filipuzzi stumbled upon the list in 1984, but only realized its importance years later. He started his own investigation and turned to Freude’s descendants, but was reportedly opposed by Credit Suisse.

He eventually gave the list to the Simon Wiesenthal Center in 2019.

Bank investigators seeking private scrutiny will have to contact international courts, but it’s clear as many as 40 employees are now looking into what could be a disguised secret account.

Those working on the case are said to be historians, financial experts and lawyers from Berlin, Buenos Aires, Washington and Zurich.

A lawyer, who remains anonymous, told Bild: “If the account was created under the name of a company and not under the name Ludwig Freude, then it is almost impossible to identify the account.”

Credit Suisse has conducted extensive investigations which are still ongoing, but so far no evidence has been found to prove the allegations.

A bank spokesperson said: “As promised in 2020, Credit Suisse is carefully reviewing the names on the list referenced by the SWC for potential customer relationships with predecessor banks in the 1930s and 1940s.

“The list consists of about 10,000 members of a German trade union in Argentina from 1940. If necessary, we will take appropriate action.”

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