A fund that provides compensation to victims of Jeffrey Epstein’s sexual abuse will continue to offer payments after a five-week hiatus, after receiving assurances from the late financier’s estate will have sufficient cash to fund payments.
Jordana Feldman, the fund manager, announced the immediate resumption of full operations in the Epstein Victims ’Compensation Program on Friday, following the receipt of $ 10 million from the proceeds of recent sales of Epstein’s homes in Manhattan and Palm Beach. , Florida.
The program has received more than 175 claims since its creation in June, and paid out more than $ 67 million. Eligible victims have until March 25 to file claims.
Feldman suspended payment offers in Feb. 4, citing the uncertainty about the liquidity of assets from the estate to fund payments.
The resumption came after Epstein’s township was sold this week on Manhattan’s Upper East Side for $ 51 million, according to Daniel Weiner, an attorney for estate executives.
It also followed a judge’s rejection in the U.S. Virgin Islands, where Epstein owns two islands, of a bid by territory attorney Denise George to freeze the estate’s assets, which said George lacks legal status.
George complained that the estate’s assets were falling too fast, and accused the two executors as “indispensable captains” of Epstein’s sex trafficking scheme. Executors denied his false allegations.
Once valued at $ 634 million, Epstein’s estate was worth $ 240.8 million after paying taxes and other expenses, and contributed money to the victims’ fund.
Epstein signed his will on Aug. 8, 2019, two days before committing himself in a Manhattan prison cell while awaiting trial on sex trafficking charges.
(Reporting by Jonathan Stempel in New York; Editing by Marguerita Choy)
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