A lawyer hired by Credit Suisse to investigate its ties to the Nazi regime has told the Senate Judiciary Committee how he was sidelined.
“In 2022, I was fired by Credit Suisse when I refused to go along with its efforts to suppress the truth,” Neil Barofsky told lawmakers, thanking Chairman Chuck Grassley (R-Iowa) and Sen. Sheldon Whitehouse (D-RI) for helping him be reinstated.
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“In my testimony today, we talk about some of the previously unreported ties between Credit Suisse and some of the instrumentalities of the Nazi government,” Barofsky said.
“This includes accounts for something called the German Foreign Office,” he explained. “When Hitler would invade a country, the German Foreign Office would get involved to help round up the Jews … herd them into ghettos, provincial transportation, into the concentration and extermination camps.
“Credit Suisse had four accounts with the German Foreign Office, and these were administered at the highest levels of the Nazi government, with Adolf Hitler’s own personal secret cabinet, the council of advisers, dispatching the account manager in 1940 to go to Zurich to meet with officials at Credit Suisse to discuss the fund management of these accounts in the interest of the Third Reich,” Barofsky noted.
“My testimony also corrects an historical error,” he said. “Back in the 1990s, a Swiss German journalist found in some German archives documents that indicated a relationship between Credit Suisse and the SS … whose responsibilities included the administration of the concentration camps and was part of its economic arm.”
“Part of the Nazi enterprise [was] profiting off of the Holocaust,” Barofsky stressed. “This meant monetizing everything from the slave labor of concentration camp prisoners and the theft of their assets and personal belongings when they got to the camps, and even monetizing murder, selling the hair that was shaved off of Jewish women and children as they were marched into the chambers.”
“Credit Suisse denied the existence of this account and said that there was no records in its archives. This investigation has proven that to be untrue.”
