Nazi Group Selling ‘victory Bonds’
Menu JTA Search

Nazi Group Selling ‘victory Bonds’

Download PDF for this date

A Nazi group in Alexandria, Va. is selling “victory bonds” for $880 to be redeemed for $8,800 this year after it comes into power in the United States. This “gimmick” was revealed in a speech on the House floor last week by Rep. Tom Lantos (D. Calif.), who urged that the Reagan Administration investigate what he said could be a “lucrative” scheme.

“Just a couple of weeks ago I stood a few feet from the President of the United States as he denounced — with feeling and passion — the Nazis of another era,” Lantos said, recalling the Holocaust Remembrance Day ceremony at the White House.

“I call on President Reagan today to request the Attorney General, the Commissioner of Internal Revenue, and the chairman of the Securities and Exchange Commission (SEC) to undertake an immediate and full-scale investigation, at the highest level, of this malicious Nazi maneuver.”

The SEC reportedly began an investigation of the bonds sale after a member who quit the National Socialist White People’s Party demanded his money back.

Founding Funders

The digitization of the JTA Archive would not have been possible without the generous support of the following donors:
  • The Gottesman Fund
  • Righteous Persons Foundation
  • Charles H. Revson Foundation
  • Elisa Spungen Bildner and Robert Bildner, in honor of Norma Spungen
  • George S. Blumenthal
  • Grace and Scott Offen Charitable Fund