Ticker tape by TradingView
Euro Pacific bank is a scam
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The TRO was not vacated. That is still in force. The got the hearing to show cause why they should not be ordered to return the assets to the bank cancelled. Now unless I try to move it back to state court, which I could do, it will take place in Federal court. I am just going to try to do whatever will be fastest, which may be to proceed in federal court.
I sent a complete set of documents to the email address indicated as secured. I received confirmation from the same address that they had been forwarded to the Trustee. I also received an email from you Peter. I haven't heard from Quenta, even though I've been in contact with them in the past. I've decided that as soon as the funds are released, I want to transfer them outside of Quenta. I think I'm being treated as an Opt-out, but I'm not sure. I remember they tried to convince me to convert to precious metals, but I declined at the time due to my need︀ to handle currencies.
I don't think leaving funds at Qenta︁ is even an option any more. Qenta just wants Opt-in customers to leave, just with︂ only a fraction of what they are owed. Qenta just wants to keep the rest︃ for itself. So even if staying with Qenta were an option, I would not recommend︄ it.
What Qenta filed did not vacate the TRO, just the hearing that︀ was supposed to take place tomorrow, where I was hoping the judge would order Qenta︁ to return the approximately 8$0 million in assets back to the bank. The TRO is︂ still in effect for 14 days until I can file another action, which I will︃ do. I think this was just a way to delay returning assets to the bank,︄ so it can get customers to agree to accept much less than what they are︅ owed, so Qenta can keep the difference for itself.
Unfortunately Qenta was able to get tomorrow's hearing cancelled by moving the proceeding into Federal court. The TRO preventing Qenta from selling or moving the assets is still in effect while I prepare another action. Qenta argued that since I live in Puerto︀ Rico, Brent De Jong lives in Texas, and two of the other companies are in︁ Dubai (though one is already out of business) that diversity of citizenship meant federal court︂ was the proper venue. I think he is wrong, based on the terms of the︃ Purchase and Assumption Agreement, but even if he is wrong, he was still able to︄ delay the proceeding by filing the motion. That's just another obstacle I have to deal︅ with.
Well they admitted to the Receiver that they had them. So I don't think they lied. I know for a fact they still have the mutual funds and the silver. I was told my a former Qenta employee that the gold was still there when they left, so does not think its been sold since. So yes I think they have it. But they are trying to trick customers into giving a large portion of it up. Based on what they tried with︀ the Receiver, I'd guess half. if they succeed, Qenta walks away with an approximate $40︁ million windfall. I am doing everything I can to prevent that from happening. Hopefully customers︂ agree and will fight Qenta as well.
Well, after a long period of silence at least we know︂ that de Jong is alive and well - shame that all this newfound vigor seems︃ aimed at haircutting customer assets instead of fixing the problems with his company which apparently︄ made the migration impossible.
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