A Settlement Agreement was approved on September 30, 2005 in the Hungarian Gold Train case between the United States Government and Hungarian victims of the Holocaust and heirs.

The Hungarian Gold Train was a train of approximately 24 freight cars that contained personal property which was taken, seized, confiscated or stolen by the Hungarian government from Hungarian Jews. The personal property in issue was taken into custody by the United States Army on or about May 11, 1945 near Werfen, Austria and later moved to Salzburg, Austria.

American officers helped themselves to china, silverware and artwork for their homes and offices, according to an advisory commission appointed by then-President Clinton.No one knows for sure what happened to the property, which was worth an estimated $50 million to $120 million. Some of the property apparently went to the quarters of senior U.S. military officers; some was sold at PXs; some property was auctioned for the benefit of refugee organizations; and most or all the paintings went to the Government of Austria.

The Settlement Agreement provides that the United States will pay up to USD $25.5 million into a Settlement Fund.



http://www.jewishvirtuallibrary.org/...oldtrain1.html

http://www.hungariangoldtrain.org/index_en.asp

http://en.wikipedia.org/wiki/Hungarian_Gold_Train

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Will pay only $25 million???

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