A fund set up to provide money to scores of women who say they were abused by financier Jeffrey Epstein when they were as young as 14 has abruptly suspended payouts over uncertain funding – an action the Virgin Islands attorney general blamed Thursday on Epstein’s estate as she moved to freeze its assets.
The announcement by the Epstein Victims’ Compensation Program came through a release that attributed the suspension to uncertainty about the liquidity of estate assets needed to finance payouts.
Officials said the fund, which operates independently of the estate, would have up to $630m when it began operations last June.
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In this file photo from July 30, 2008, Jeffrey Epstein, center, appears in court in West Palm Beach, Florida. (Uma Sanghvi/Palm Beach Post via AP, File)
NEW YORK (AP) A fund set up to provide money to scores of women who say they were abused by financier Jeffrey Epstein when they were as young as 14 has abruptly suspended payouts over uncertain funding, an action the Virgin Islands attorney general blamed Thursday on Epstein’s estate as she moved to freeze its assets.
The announcement by the Epstein Victims’ Compensation Program came through a release that attributed the suspension to uncertainty about the liquidity of estate assets needed to finance payouts.
A fund set up to provide money to scores of women who say they were abused by financier Jeffrey Epstein has abruptly suspended payouts due to uncertain funding.
Jeffrey Epstein fund abruptly suspends payouts to victims
Suspension attributed to uncertainty about the liquidity of estate assets needed to finance payouts
Financier Jeffrey Epstein
A fund set up to provide money to scores of women who say they were abused by financier Jeffrey Epstein when they were as young as 14 has abruptly suspended payouts over uncertain funding, an action the Virgin Islands attorney general blamed on Thursday on Epstein s estate as she moved to freeze its assets.
The announcement by the Epstein Victims Compensation Program came through a release that attributed the suspension to uncertainty about the liquidity of estate assets needed to finance payouts.
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