This report is based on the investigative article by Riva Pomerantz<\/strong>, published in Ami Magazine<\/em> (October 2025), which first revealed new evidence concerning dormant Nazi-era accounts in Switzerland.<\/p>\n\n\n\n When Ami Magazine<\/em> released its expos\u00e9, few expected the story to reignite one of the most sensitive chapters in modern banking history. New evidence emerging from Israeli and American sources suggests that UBS<\/strong>, successor to the Basler Handelsbank<\/strong>, may have concealed large volumes of off-balance-sheet assets \u2014 numbered accounts that were never tied to names and never reported to heirs or courts.<\/p>\n\n\n\n At the forefront of the renewed legal offensive is Dr. Gerhard Podovsovnik<\/strong>, Vice President of AEA Justinian Lawyers<\/strong>, representing Rabbi Ephraim Meir<\/strong>, heir to six principal and twelve subsidiary accounts allegedly opened by Nazi officials during the war.<\/p>\n\n\n\n Podovsovnik has now invoked one of the most powerful principles in U.S. procedural law \u2014 Fraud on the Court<\/strong>, a motion that could compel UBS to open its archives and defend its conduct before a federal judge.<\/p>\n\n\n\n U.S. billionaire and World Jewish Congress president Ronald Lauder<\/strong>, who helped negotiate the 1998 settlement, is urging UBS to fully disclose all wartime accounts.<\/p>\n\n\n\n Lauder told investigators he believes between five and ten billion dollars<\/strong> in dormant assets were never resolved under the original agreement. His renewed campaign has drawn the attention of the U.S. Senate Banking Committee<\/strong>, which continues to review undisclosed Nazi-linked accounts once held at Credit Suisse<\/strong> \u2014 now part of UBS.<\/p>\n\n\n\n Sources close to Rabbi Meir\u2019s legal team allege that crucial evidence was withheld during the Claims Resolution Tribunal (CRT II)<\/strong> process that followed the 1998 settlement.<\/p>\n\n\n\n According to their findings \u2014 based in part on intelligence materials obtained through Mossad<\/strong> channels \u2014 UBS-linked assets were deliberately layered through postwar financial structures, including U.S.-registered holding companies and private equity vehicles. \u201cThese findings are not speculative,\u201d says Podovsovnik. \u201cWe have verified transfer chains \u2014 Nazi gold turned into securities, still under UBS control. The assets are in America, and that means U.S. jurisdiction applies.\u201d<\/p>\n\n\n\n Under U.S. law, Fraud on the Court<\/strong> occurs when evidence is falsified or concealed to mislead a federal judge. Once proven, the original settlement becomes void.<\/p>\n\n\n\n \u201cJustice doesn\u2019t expire,\u201d says Podovsovnik. \u201cIf a tribunal was deceived, the settlement falls apart. The court will demand full disclosure \u2014 every vault, every ledger, every trust.\u201d<\/p>\n\n\n\n UBS could soon face a formal Order to Show Cause<\/strong> and a Discovery Order<\/strong> compelling it to produce wartime records from 1933 to 1945, as well as postwar trust transfers and shell-company holdings.<\/p>\n\n\n\n If it fails to comply, Podovsovnik warns, \u201cthe court can impose a global asset freeze and establish a constructive trust over suspect assets.\u201d<\/p>\n\n\n\n UBS maintains that it is cooperating with ongoing U.S. Senate inquiries<\/strong> into legacy Credit Suisse accounts.<\/p>\n\n\n\n However, restitution experts say transparency must go deeper \u2014 into UBS\u2019s own archives. \u201cUBS today represents the surviving memory of Swiss banking history,\u201d says historian Matthieu Leimgruber<\/strong> of the University of Zurich<\/strong>. \u201cUnless those records are opened, speculation and mistrust will persist.\u201d<\/p>\n\n\n\n For Lauder, the issue transcends balance sheets. \u201cIt was never only about money,\u201d he said. \u201cIt\u2019s about truth and moral responsibility.\u201d<\/p>\n\n\n\n Podovsovnik adds, \u201cIf UBS continues to hide, it\u2019s not defending history anymore \u2014 it\u2019s obstructing justice in real time. Silence is complicity.\u201d<\/p>\n\n\n\n Legal sources confirm that AEA Justinian Lawyers<\/strong> plans to contact UBS Group AG in Zurich and UBS Americas in New York, demanding full cooperation and disclosure.<\/p>\n\n\n\n \u201cThis is the moment for UBS to choose transparency over secrecy,\u201d Podovsovnik says. \u201cEither they open the books voluntarily, or the court will open them for them.\u201d<\/p>\n\n\n\n The sealed archives from Judge Kormann\u2019s court \u2014 resting quietly in Washington \u2014 may soon return to the center of the legal storm. The most significant wartime deposits, the so-called \u201cF\u00fchrer Accounts,\u201d<\/em> could finally surface after decades underground.<\/p>\n\n\n\n \u201cWe are not reopening history,\u201d Podovsovnik concludes. \u201cWe are finishing it. Every hidden record must come to light. This isn\u2019t vengeance \u2014 it\u2019s law.\u201d<\/p>\n\n\n\n The Senate\u2019s final report<\/strong> on Nazi-era assets is expected later this year. Whatever the outcome, one truth resonates from Washington to Zurich:<\/p>\n\n\n\n The past may not be finished with UBS \u2014 and the thunder over Paradeplatz may soon strike again.<\/p>\n<\/blockquote>\n\n\n\n Editor\u2019s Note:<\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":" This report is based on the investigative article by Riva Pomerantz, published in Ami Magazine (October 2025), which first revealed new evidence concerning dormant Nazi-era accounts in Switzerland. When Ami Magazine released its expos\u00e9, few expected the story to reignite one of the most sensitive chapters in modern banking history.More than twenty-five years after Judge<\/p>\n","protected":false},"author":1,"featured_media":11394,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":{"0":"post-11061","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"_links":{"self":[{"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/posts\/11061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/comments?post=11061"}],"version-history":[{"count":0,"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/posts\/11061\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/media\/11394"}],"wp:attachment":[{"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/media?parent=11061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/categories?post=11061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pappusaha.com\/euronews24\/wp-json\/wp\/v2\/tags?post=11061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
More than twenty-five years after Judge Edward Kormann<\/strong> signed the 1998 Holocaust-era bank settlement \u2014 a decision meant to close the chapter on Nazi-era assets \u2014 sealed files stored at the Jewish Museum of Washington<\/strong> may hold the key to a case that was never truly finished.<\/p>\n\n\n\n
\n\n\n\nThe Return of the Forgotten Accounts<\/h3>\n\n\n\n
\n\n\n\nLauder\u2019s Warning: \u201cBillions Left on the Table\u201d<\/h3>\n\n\n\n
\n\n\n\nAllegations of Concealment and Intelligence Findings<\/h3>\n\n\n\n
Investigators say these funds may still be traceable to Nazi-era deposits converted into postwar securities.<\/p>\n\n\n\n
\n\n\n\nFraud on the Court: When Justice Must Reopen<\/h3>\n\n\n\n
\n\n\n\nUBS\u2019s Continuing Obligation<\/h3>\n\n\n\n
\n\n\n\nThe Moral Dimension and the Battle Ahead<\/h3>\n\n\n\n
\n\n\n\nEchoes of 1945 \u2014 and 2025<\/h3>\n\n\n\n
\n\n\n\nWhat Lies Ahead<\/h3>\n\n\n\n
If the new evidence is validated, experts believe courts could authorize:<\/p>\n\n\n\n\n
\n
\n\n\n\n
This article draws on Ami Magazine\u2019s<\/em> October 2025 investigation by Riva Pomerantz<\/strong> and additional legal and intelligence materials.
Some findings remain under verification. UBS and other named parties have not issued new public statements as of publication.<\/p>\n\n\n\n