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Al-Zayat Takes $8 Billion German Bond Claim to U.S. High Court

A company founded by millionaire Fouad Al-Zayat is asking the U.S. Supreme Court to help it secure a payment of about $8 billion on German bonds that Adolf Hitler ordered into default 78 years ago.

Al-Zayat, 69, began buying the debt more than a decade ago in a bet that Germany is still on the hook for bonds issued near the end of the Weimar Republic, and that their value has soared because it’s tied to the price of gold. Mortimer Off Shore Services Ltd., a Nicosia, Cyprus-based company started by Al-Zayat and now run by his son and son-in-law, has spent millions of dollars on the investment and pursuing the claim in court, according to its attorney, Peder Garske.