Ousted this year from the investigative journalism group he famously founded years ago, James O'Keefe is now witnessing from afar the death of Project Veritas, which last week ceased all remaining operations as a result of dwindling financial resources, according to the Daily Caller.

Mediaite reported that the aforementioned suspension of all functions took place on Wednesday following yet another round of layoffs that had begun earlier this year in the wake of O'Keefe's forced departure.

Financial troubles persist

As Mediate noted, Project Veritas human resources chief Jennifer Kiyak sent a letter titled “Reduction in Force” to those still on the organization's staff on Wednesday.

The communication indicated that all operations were being halted due to the organization's financial inability to continue.

Though the letter brought undeniably dire news, it did attempt to extend a sliver of hope that a resurgence could perhaps be achieved.

“In the interests of preserving the possible future existence of Project Veritas we need to put operations on pause and, as communicated since the Spring, another Reduction in Force is necessary,” wrote Kiyak.

“Highly suspect”

It was back in February that O'Keefe, the man who founded Project Veritas back in 2010, left the organization amid rancor with its board of directors over allegations of financial impropriety and mistreatment of staff.

That led to the ascension of Hannah Giles, who took the reins of the company, but by September, reportedly stated to employees that it was “bankrupt.”

Speaking on behalf of O'Keefe in the wake of this week's news was his attorney, Jeffrey Lichtman, who declared the bleak financial straits in which Project Veritas now finds itself to be “highly suspect.”

Lichtman stated, “It appears that in the few months since Project Veritas ousted James, it continued to spend money at the same rate, blowing through the many millions of dollars James had previously raised for it – despite PV having no new sources of fundraising. This is highly suspect, and we would welcome a full audit of PV's finances to learn where the money was actually spent.”

Reactions pour in

According to Mediaite, reactions to the news from those affiliated with Project Veritas ranged from a marked lack of surprise to palpable irritation, as Mediate noted.

Bobby Harr, once the lead investigator at the organization, described himself as “confused” about receiving a layoff phone call on Wednesday, stating that he had already been relieved of his duties last month.

Christian Hartsock, who was let go from Project Veritas earlier this summer, expressed incredulity at the notion that there were any operations left this week to formally suspend.

Explaining that the entire production staff had been laid off well over a month ago, Hartsock curiously mused, “what exact 'operations' has [Giles] been continuing with remaining donor money – given for the sole purpose of journalism production – for the past month?” asking the same question about which O'Keefe is also undoubtedly curious.