Euro Pacific bank is a scam
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I am sure OCIF instructed him to do so. Why? To fill up the gaps in EPBs own compliance documentation.
It seems this difficult period will unfortunately continue for several more years.
I believe it will re-start the process from scratch.
I chose opt-in at the time, believing I would withdraw my money more quickly from QENTA.
Apparently (and as per my learning on this forum) it was the wrong option, even opt-out being the best option, this last email tells me it will take a long time to finish this already painful process.
Do you think this email gives us a light at the end of the tunnel?
I believe it will re-start the process from scratch.
I chose opt-in at the time, believing I would withdraw my money more quickly from QENTA.
Apparently (and as per my learning on this forum) it was the wrong option, even opt-out being the best option, this last email tells me it will take a long time to finish this already painful process.
Do you think this email gives us a light at the end of the tunnel?
I do think we will get our money before the end of the year, but it's obvious by now the Receiver is not in a hurry to end this liquidation. He received the funds from Novo bank almost a year ago and here we are, still waiting. I'm not surprised Qenta got tired of spending their money with no end in sight.
All the documents the Receiver is requiring from customers are completely unnecessary, he knows very well how much money each customer had, but︀ of course the longer this process takes, it's more money for the Reciever.
All the documents the Receiver is requiring from customers are completely unnecessary, he knows very well how much money each customer had, but︀ of course the longer this process takes, it's more money for the Reciever.
My take on Qenta's decision to terminate the purchase agreement is that it further validates my belief that the receiver is either incompetent (he had zero banking experience prior to getting appointed receiver) or he has deliberately sabotaged the liquidation process for his own unjust enrichment. Of course, it could be both. I agree that he will likely use this termination to further delay the return of any customer funds, while he continues to use Euro Pacific Bank as his own personal piggy bank. Hopefully my lawsuit against him will not get dismissed, and I will be able to get actual evidence to confirm my︀ suspicion in discovery.
God afternoon,
I am new in the chat and am reading from the back.. sorry to say, but I see a lot of talking and very little useful information. And a bit surprised there's no further mention of the class action.
From what I have read so far, Qenta already has the metals deposits. There should be no reason for ghosting, us, unless they are stealing. Time to act.
I'll be happy to join a class action as mentioned in this post.
I am new in the chat and am reading from the back.. sorry to say, but I see a lot of talking and very little useful information. And a bit surprised there's no further mention of the class action.
From what I have read so far, Qenta already has the metals deposits. There should be no reason for ghosting, us, unless they are stealing. Time to act.
I'll be happy to join a class action as mentioned in this post.
just now Qenta stated they will return all assets to the Trustee. All. so what class action you︀ want to do?
The best class action would be against OCIF and the IRS, as there was no valid reason to block the sale to Qenta in the first place, no valid reason to reject other qualified buyers who wanted to buy the bank, and no valid reason for putting the bank into receivership, when I offered to liquidated the bank myself. Had OCIF allowed me to do that, all customers would have been made whole three years ago.
Right after my previous posting, I received Quenta's email. While I think it's good news, I still think we should take a more active stance. I am not a lawyer and cannot say what to do. I am just saying we must not stay inactive, and that I am willing to consider legal action. Perhaps there will be someone able to give more informed advice.
I would like to know what Qenta did with the Opt-in funds from when they took custody. They were in possession of a little around $18-$19m I believe. Did they earn interest on these funds︀ and will that be returned? Were the funds invested in the Gold token which is︁ what they said would happen and are they keeping the profits as gold has appreciated︂ from when they took custody of customer funds till now. If they did not invest︃ the funds and just had them rotting in an interest fee bank account, they need︄ to provide proof.
I am glad Qenta is returning funds to the Receiver and that Opt-in customers will likely get their money back. What a relief! As bad as Wigberto has been, I think Opt-in funds are safer with the Receiver. My previous post of sounds like I'm not glad about this outcome...I certainly am! Still, I would be very interested to find out what Qneta did with customer funds. If they have profited off customer funds as a result of this s**t show, they can deduct some of their expenses....the profits belong to the customers. You better believe Qenta would pass on investment losses if they has︀ invested customer funds in Gold and Gold depreciated!
Just joined and no time to read 169 pages of past chat!
A naive question but with the new US government are then any USA residents who could contact their representative to see if something can be done to push the receiver in Pueto Rico to release our funds?
A naive question but with the new US government are then any USA residents who could contact their representative to see if something can be done to push the receiver in Pueto Rico to release our funds?
To the extent the federal government has any authority at all over Puerto Rico's banking sector, no one is going to care because EPB had no/very few truly wealthy clients (people with influence) nor any clients that were US residents (or even US citizens, IIRC). Why would they lift a finger?
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