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Questions dog Armenian genocide compensation fund

August 10, 2011 |  3:44 pm

Photo: Attorney Vartkes Yeghiayan, left, with Seda Marootian and husband Martin. Vartkes is filing a lawsuit in an effort to collect a life insurance payoff for relatives of the Marottian's who were killed by the Turks in 1915. Credit: Robert Gauthier / Los Angeles Times 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.

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-- Mark Kellem, Times Community News

Photo: Attorney Vartkes Yeghiayan, left, with Seda Marootian and her husband, Martin. Yeghiayan is filing a lawsuit in an effort to collect a life insurance payout for relatives of the Marootians who were killed by the Turks in 1915. Credit: Robert Gauthier / Los Angeles Times

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