OVZA
New Horizons Paraguay
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Euro Pacific bank is a scam

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Correct. Plus there has been no "initial closing" either as︀ the initial closing is contingent on

"all Regulatory Approvals having been obtained and remaining in︁ full force and effect." Qenta itself has acknowledged itself in emails to Opt. in customers︂ and the termination letter, which I acknowledged and made mutual, that it never received OCIF︃ approval for the migration, so it never onboarded customers and was waiting for OCIF's to︄ approve the plan.
 
As an opt-in customer I've emailed the liquidator several times but had no reply.
I only had cash in the account at the time of liquidation
I'm confused as to‌ where that cash is at the moment and who to contant about this or should‍ I wait for instructions from here?
 
I think the cash⁤ in in a bank account in Ca. that the Receiver set up some time ago.⁣
 
Have you completed a⁤ claim form yet? If not, to be on the safe side, I would do so⁣ asap, and wouldn’t count on an official deadline extension or instruction to former opt-ins to⁢ do so.
 
Oh, I thought for opt-in customers‍ it had gone to Qenta?
Are we supposed to now send in our claim prior⁠ to 6 August as for the opt-out customers?
What happens if we miss this deadline?⁤
 
I am in same situation,‍ they told me to fill out the forms and send documentation like opt-out before they⁠ would talk to me.
So i will do this before the deadline and then we⁤ will see what the reciever says.
 
The Receiver appointed by OCIF retains custody of all client cash, including opt‑in customers.

He has also advised opt in customers on his last letter July 21st to consult with‌ legal professionals , what sounds more emotional than professional.
 
Qenta likely has cash that belongs to Opt. out customers too. Qenta admitted to holding of⁠ $19 million received from the bank. That is likely more cash than is owed to⁤ Opt. ins.
 
The Receiver very rarely responds‍ to emails and it's very frustrating! If your EPB money is with the Receiver, I⁠ would complete and submit all the liquidation paperwork and request to become an Opt-out customer.⁤ I have heard that other Opt-in customers have been allowed to Opt-out if the Receiver⁣ is in possession of your EPB assets.
 
No Opt. in customers where ever migrated to Qenta. So they all⁣ remain with the bank. The problem is close to $80 million of assets where transferred⁢ to Qenta. We need to get those assets back. Qetna does not own them. They︀ just have custody. But they tried to leverage that custody to extract a windfall at︁ the expense of EPB customers. I refuse to let that happen.
 
If the Reciever gives‌ you permission, do you think that you can take control of all the Assets that‍ Qenta has at the moment?

I understand that you can probably take control of the⁠ Silver quite easily, but what about the Gold and the Mutual Funds?
 
Im sorry but there are some contradigtory⁠ informations out there. Lets try to sort this out. Feel free to correct me. aaa⁤

So, Receivers report Q1 2025

"To this date, customers that requested to be excluded from⁣ the transfer of the assets andliabilities to the assuming entity and that initiated wire transfers⁢ to withdraw their deposits priorto the transfer of assets hold accounts in the aggregate estimated︀ amount of $18.5M. (seeFootnote 1, Page 1)"

Total cash balance in receiver disposal.

There was totally 68 mln︄ USD at the beggining, 19,9 mln USD transfered to Qenta (majority securities )

Above set︅ of informations tells me that Qenta has almost 20mln USD, Receiver has 49mln USD and︆ as receiver states the total sum of opt out clients value is 18,5mln USD. So︇ the remaining 30mln USD is opt ins cash value.

@Pschiff "Qenta admitted to holding of︈ $19 million received from the bank. That is likely more cash than is owed to︉ Opt. ins."

So, which is true actually. From receiver report it seems optins are 30mln︊ (Receiver) + 19mln (Qenta) = 49 mln USD worth while You Mr. Schiff state its︋ below 19 mln USD.
Now lets jump to Q2 2025 Receiver report just for one︌ info

Seems consistent with the previous report data and thus if the entire value before︍ the the precious metals and securities increase in value was 68 mln USD then the︎ rest MUST be the cash of opt ins correct? Around 50 mln USD.
So where️ is the assumption that opt ins value is less then 19 mln USD comming from.‌ Especially that @Radko states there are 1700 opt in clients on page 183 I think.‍

Now the Qenta⁠ to receiver part

Do I get it right that Qenta got close to 20mln USD⁤ in securities from the receiver ( which is included in the report ) but also⁣ almost 25mln USD in precious metals and almost 6mln USD in Mutual Funds that are⁢ NOT included in Receiver report?
So they totally hold actually 50mln USD not counting the︀ increase in value of those assets? So actually the liqudation started not from 68mln USD︁ but from 98mln USD value?
 
Based on what Qenta and the bank⁠ have, there should be enough cash to make all customers whole based on the $66,747,758⁤ in deposit liabilities that existed when the bank went into receivership. But there has not⁣ been a compete accounting as to what's owed Opt-in and what's owed Opt-out. That needs⁢ to be done. As far as I know all the precious metals and mutual funds︀ are still there. So as long as the bank gets back from Qenta what Qenta︁ acknowledged it holds, everyone should get what they are owed. If there is a short︂ fall I don't think it will be substantial.
 
The cash is earning interest, but the rate seems very low,‍ like its just sitting in a checking account. I emailed the Receiver some time ago⁠ recommending a money market to earn higher interest. I have no idea if that was⁤ done.
 
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