Jeffrey Epstein victims' fund to suspend compensation offers
ABCNews
An independent claims program for alleged victims of the late sex-offender Jeffrey Epstein has suspended compensation offers to those individuals due to uncertainty about future funding of the program.
"Although I sincerely regret having to take this action, I have concluded that it is necessary to protect the interests of eligible claimants who have not yet resolved their claims through the program," said Jordana H. Feldman, a New York attorney who administers the Epstein Victims Compensation Program, which began operating last June.
The Epstein estate, which was initially valued at over $630 million, has already paid out more than $50 million to alleged victims through the program, but has apparently run into liquidity problems and has been unable to replenish the account designated to pay claims from alleged victims. Since the program began operating last year, more than 150 people have submitted claims, far exceeding initial expectations.