Jeffrey Epstein fund abruptly halts payouts to victims

[Omaha Steve]

Source: AP

By LARRY NEUMEISTER

NEW YORK (AP) — A fund set up to provide money to dozens of women who said they were abused by financier Jeffrey Epstein when they were as young as 14 has abruptly suspended payouts, saying Thursday that it has temporarily run out of money.

The announcement by the Epstein Victims’ Compensation Program came through a release that blamed the suspension on uncertainty about the liquidity of estate assets needed to finance payouts.

Officials said the fund would have up to $630 million when it started its operations last June. But the shutdown came after only $50 million had been paid out, according to a release put out by the fund, which was established with the approval of a judge in the Virgin Islands.

It said payments will not resume before March 25, the deadline to file claims. The deadline to register for the program is Monday.


Read more: https://apnews.com/article/jeffrey-epstein-8ec9d365a772b11e7edbb7d20205d734

[bucolic_frolic]

1. They didn't let Bernie Madoff manage their investments, did they?

[Ford_Prefect]

2. This is a bait and switch move. The assets are GONE but no-one will say so until after March 25.

It's about gaming the system to avoid having the assets sold. My bet is when someone finally gets a good look at them we will hear they've been off-shored beyond judicial recovery through some dubious electronic transfers. Those events being enabled by close associates of the late Epstein, likely to avoid their exposure for complicity in his schemes.

[abqtommy]

3. Look for the assets under tRUMP's mattress...

[Turbineguy]

4. Maybe they shorted

Gamestop