Sure. I could not take a︅ chance on letting this deal happend. But I have no say it whether it does︆ or doesn't. The receiver won't communicate with me so I'm completely in the dark. I︇ hope he does the right thing, but I didn't want to keep quite and rely︈ purely on hope.
Euro Pacific bank is a scam
- Thread starter sonato
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Some people are blaming me for choosing to sell the bank to Qenta in the fist place. Put yourself in my position. The bank's business is imploding. It's losing 250K to 300K per month. I am covering those losses out of my own pocket each month. I've got thousands of customers (though about 70% jumped off the sinking ship in under a year) and 70 or so employees. Every customer who left got 100% of heir money back. All this is happening because I was falsely accused by the media of using my bank to help organized criminals launder money and evade taxes. At the︀ same time I'm a plaintiff in a defamation lawsuit in Australia, which I eventually won︁ two years later. I'm also juggling Euro Pacific Asset Management, Schiff Gold, and my podcast.︂ I could have just immediately shut the bank down. But I thought there was still︃ a viable business there if someone bought it and completely rebranded it. The OCIF Commissioner︄ gave me a short window to find a buyer. Most potential buyers would not even︅ touch the bank with a 10-foot poll, given the fear of guilt by association. That︆ really narrowed my pool of potential buyers. Brent talked a good game, and his G-coin︇ business really appealed to me. We seemed to have a lot in common, and it︈ look to me like he was building a solid organization. OCIF apparently did lots of︉ their own diligence on Qenta and its key principals, and they came up with nothing︊ that concerned me. Had they found something I might have backed out. But I never︋ wanted to sell the bank to anyone in the first place. I had big plans︌ for the bank and really wanted to build it up. But my banking reputation was︍ destroyed by a conspiracy among tax chiefs in five nations and reporters in two. Ultimately︎ it's those corrupt government officials and "journalists" who are to blame. Hopefully my federal civil️ rights lawsuit against the conspirators is not thrown out so I can fully expose this crime to the world.
These are just a few people whose main task in life is probably to find fault with other people and badmouth them. As if they have never made a mistake themselves.
And as the saying goes: if you haven't made a mistake, you haven't lived!
Such users do not help to solve the problem. It would therefore be better if they simply looked for another platform.
So from my side: Thank you very much for your help and contribution, Peter! ki#¤%
And as the saying goes: if you haven't made a mistake, you haven't lived!
Such users do not help to solve the problem. It would therefore be better if they simply looked for another platform.
So from my side: Thank you very much for your help and contribution, Peter! ki#¤%
* People forget that they had the option to OPT IN or OPT OUT
* People forget that the gains Qenta is stealing was only possible because they could OPT IN
* People forget that Peter was the only person talking to us and helping even though he was blocked in every turn by the people who have been ignoring us and hiding vital information from us for 3 years.
* People forget that the gains Qenta is stealing was only possible because they could OPT IN
* People forget that Peter was the only person talking to us and helping even though he was blocked in every turn by the people who have been ignoring us and hiding vital information from us for 3 years.
Thanks. Qenta has no legal right to steal those gains. Since the Purchase and Assumption Agreement has been cancelled, Qenta has to unconditionally return all of the bank's assets that︀ where transferred into its custody under the assumption that the transaction would close. All Qenta︁ is entitled to keep is $500K, which is what it paid the bank for the︂ right to custody those assets on behalf of Euro Pacific Bank customers. But none of︃ those customers was ever onboarded by Qenta. OPt-In customers have remained customers of Euro Pacific︄ Bank the entire time and the bank's assets that transferred to Qenta that secure the︅ bank's liabilities have always been under the administration of the receiver, even though he didn't︆ realize that himself and misinformed Opt-In customers as to his role.
Hello, in the claim form, I guess international banking is Euro Pacific Bank. But how about the case number? Thanks for your help.
As an opt-in customer, should I submit the opt-out forms now to comply with the deadline, or should I wait for a message from the receiver?
Since the majority of my assets were in precious metals, I don't even know what amount I should claim, etc.
What are you guys doing?
Since the majority of my assets were in precious metals, I don't even know what amount I should claim, etc.
What are you guys doing?
Yes, I know. But do I have to take action now?
Or should I wait until the receiver confirms the termination deal and it is sure how much money I can claim from my metals?
The deadline is quite small for the former Opt-Ins.
Or should I wait until the receiver confirms the termination deal and it is sure how much money I can claim from my metals?
The deadline is quite small for the former Opt-Ins.
I'm also Opt-in and I'm going to wait until the end of the month just to see if the Receiver makes an announcement. If there is no announcement by the end of the month, I will submit all my documents.
In terms of how much to claim, I believe the Receiver is asking for bank statements from the date the Receiver was appointed,︀ so 2022.
In terms of how much to claim, I believe the Receiver is asking for bank statements from the date the Receiver was appointed,︀ so 2022.
Does this mean Qenta are asking the Receiver for permission to steal the Mutual Funds? Am I reading this correct?
After re-reading it a few times, I thing you are correct. If that is what they are proposing, I'm not comfortable with that. I do not trust Qenta one bit and although the Receiver has plenty of issues, I would rather the Receiver liquidate and distribute the proceeds. My position with EPB was 100% invested in the Mutual Fund's, so not good if the Receiver decides to leave the Mutual Funds︀ with Qenta. Given all the emails I have sent Qenta, most of the not very︁ nice, I'm sure they all hate me.
Yes me too, I don't want︀ anything to do with Qenta at this point.
If Qenta keeps the Mutual Funds, they︁ will only return the value as of 2022, they want to keep the gains!
I don't know why Qenta thinks that they are entitled to profit from OUR investments, we︂ are the ones who took the risk, we could have lost money.
If Qenta keeps the Mutual Funds, they︁ will only return the value as of 2022, they want to keep the gains!
I don't know why Qenta thinks that they are entitled to profit from OUR investments, we︂ are the ones who took the risk, we could have lost money.
The letter Qenta wrote to @ATNTESTING stated....
"Therefore, we made the difficult decision to terminate the purchase agreement and return all liquidated assets to the Receiver as they were originally received."
That screenshot from Termination Notice then goes on to show the liquidated values and the final amount they intend to return in cash of $38,372,789.00 to Receiver. Hence they pocket all appreciation in the value of the metals plus demand compensation on top for time, effort and expenses....lol.
They are now just asking to go ahead and action this all︀ and are not returning anything other than cash they mentioned. Have I misunderstood their actions?︁
"Therefore, we made the difficult decision to terminate the purchase agreement and return all liquidated assets to the Receiver as they were originally received."
That screenshot from Termination Notice then goes on to show the liquidated values and the final amount they intend to return in cash of $38,372,789.00 to Receiver. Hence they pocket all appreciation in the value of the metals plus demand compensation on top for time, effort and expenses....lol.
They are now just asking to go ahead and action this all︀ and are not returning anything other than cash they mentioned. Have I misunderstood their actions?︁
Qenta is not being honest in this letter, as it has lacked the capacity to onboard Opt-In customers for over a year. That is likely why it sabotaged the migration process itself. G-Commerce DMCC's business license expired in Oct. 2023, and the company is no longer operational. G-Mint Sarl went bankrupt last year. G-Commerce was the company that was designation in the Purchase and Assumption Agreement to acquire Opt in Customer deposits, including cash and metals. G-Mint︀ Sarl was supposed to be the bailee for the precious metals. Qenta received all the︁ customer assets, it just lack the capacity to allocate those assets to the Opt-In customers,︂ so it delayed the onboarding process. At current marker values Qenta is holding close to︃ $80 million of bank customer assets. The bank itself is only holding about $48 million.︄ The problem now is Qenta's refusal to return those assets to the bank unless the︅ receiver agrees to let them keep half for themselves.
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