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The order blocking any access to French accounts in the U. Within hours of the order, Chase unblocked the accounts and the funds were transferred through South America to Nazi Germany. Of these banks, only Chase and Morgan remained open in France during the Nazi occupation.
The Chase branch chief in Paris, France, Carlos Niedermann, told his supervisor in New York that there had been an "expansion of deposits". Also, Niedermann was, "very vigorous in enforcing restrictions against Jewish property, even going so far as to refuse to release funds belonging to Jews in anticipation that a decree with retroactive provisions prohibiting such release might be published in the near future by the occupying Nazi authorities".
Whether that claim was true or not, Chase Manhattan Bank acknowledged seizing about accounts during the Vichy regime. They were not involved in whatever happened, but they do accept that they have an institutional responsibility.
In , the French government formed a commission to report findings to Prime Minister Lionel Jospin. Competition success review monthly magazine free.
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