QUESTIONS DOG ARMENIAN GENOCIDE COMPENSATION FUND
Los Angeles Times
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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