Franz Konrad, the head of the Werterfassung – and institution which seized and secured the property the deported Jews left behind in the Warsaw ghetto – was one of the key figures in the ghetto after the Great Deportation Action. Up to 4,000 ghetto inhabitants worked in the Werterfassung collecting, sorting and transporting looted property. Even though the institution was beieved to be a workplace theat offered relative security, almost all of its employees were deported in April 1943. The article, based on the ghetto inhabitants’ memoirs, stenographic records of Konrad’s trial and his testimonies given right after the war, shows the role he and the property confiscation played both in the everyday life of the ghetto as in the carrying out of Aktion Reinhardt.