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Questions Dog Armenian Genocide Compensation Fund

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  • Questions Dog Armenian Genocide Compensation Fund

    QUESTIONS DOG ARMENIAN GENOCIDE COMPENSATION FUND

    Los Angeles Times
    http://latimesblogs.latimes.com/lanow/2011/08/questions-dog-armenia-genocide-compensation-fund.html
    Aug 10, 2011

    Alleged payout discrepancies in the multimillion-dollar compensation
    fund for descendants of Armenian genocide victims have prompted calls
    for an investigation.

    Glendale-based attorney Vartkes Yeghiayan sought the independent
    audit after discovering that a fund established by insurance carrier
    Axa S.A. contained nearly $2.5 million more than originally thought,
    according to the Glendale News-Press.

    But U.S. District Judge Christina Snyder said the audit would take
    too much time and money and was unnecessary if Glendale resident
    Parsegh Kartalian, the fund's administrator, could provide adequate
    information.

    Kartalian has just a few weeks to sit down voluntarily with attorneys
    Brian Kabateck, Mark Geragos and Roman Silberfeld, who represent
    Yeghiayan. Silberfeld said the check amounts "vary wildly," from $159
    to more than $200,000. Records also show that descendants of victims
    received multiple checks but that some of them were never cashed.




    From: A. Papazian
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