Euro Pacific bank is a scam

[JoeOhNo]

You sure gathering some optin group and representing them is not a viable option⁢ to file same motion but in the customers name? Just asking.

The base was You︀ having no standing in eyes of the court. In my mind group of customers represented︁ by You couldnt hear such an argument.

Signing a representation by few dozens of us︂ shouldnt be a problem.

Please, this is the only option to stop them right here︃ right now.

 

[Pschiff]

I am asking my lawyer if customers can file a federal lawsuit right now, and‌ also seek a TRO to freeze the assets. However in this case Qetna would need‍ to return the assets direcltuy to customers. I can set up acconts for everone to⁠ accept the gold. Maybe if its a class actoin Qetna would pay the lawyer who⁤ would then distrubute to his clients.

 

[Vqn]

As an cash-only opt-in⁣ would I be able to be a part of this lawsuit and get my funds⁢ directly from Qenta or are my options only to wait for the termination of the︀ PAA-agreement to go through and Qenta to transfer my funds to the reciever where it︁ becomes a part of the liquidation proces?

 

[Pschiff]

Qenta is not givng any money back to the bank. They are keeping the⁣ money, but willl likely offer customers some huge discount to waive their claims. My advise⁢ it not to agree and to sue. I am working on that angle now. Qenta︀ has no right to steal customer's assets.

 

[Vqn]

But according to their⁤ statement from 12 th July they tell that they intend to return all customers funds⁣ as recieved 2022 to the trustee.
I am aware that they want to give back⁢ the precious metals based on the 2022 value, keep the mutual funds and take almost︀ 5 million usd in termination fee but the reciever rejected these terms.
Even though the︁ reciever he don’t want to get involved he still needs to wrap this termination of︂ the paa-agreement up so we can move forward?

 

[Pschiff]

Any one who wants to file a lawsuit agaisnt Qenta should send me an email‌ at
No, the trustee rusfed to accept that offer. He instucted Qenta to︁ return the assets to customers. But Qenta only wants to return some of the assets,︂ but only if the customers agree to wave their claims and let them keep the︃ rest. Don't accept their offer. Sue them

 

[Pschiff]

If anypne wants to sue Qenta send me an email at [email protected]

 

[Vqn]

Did the reciever accept the⁣ offer Qenta came up with in whole?
He let them keep subsidiaries, keep the mutual⁢ funds positions, give them back 500k usd and accept the termination fee of 5 million︀ usd?!

 

[Pschiff]

He told Qenta to‍ keep everthing for customers. He then told customers to get lawyer themselves and go after⁠ Qenta. He refused to take any action himself. I tried to take the action for⁤ him, but the judge would not allow it. The Receiver should have done it. Every⁣ lawyer I spoke to can't believe that he failed to do so.

 

[Pschiff]

As of now I think the best approach is a customer class actoin against Qenta.‌ We need to file in federal court in either Delaware or Texas. Who's with me?‍ I can't be a plaintiff personally in this action.

 

[JoeOhNo]

But receiver is holding substential part of opt in cash... I dont get it how‌ this s**t supposed to work...

Im in for the lawsuit

 

[Tummy]

i'm in - email sent....

Is there a way to use the class action to first⁠ file a TRO... time is of the essence because once Qenta sells the metals it⁤ gets messier to sort...

 

[Pschiff]

I don't know how much cash receiver is holding belongs to Opt ins. I thought⁠ some of the 19 million in cash Qetna holds belongs to Opt outs. I just⁤ want to make sure that Qetna doesn't get to keep any of the customers assets,⁣ cash or metals. Qetna has no defense against customer lawsuits.

 

[JoeOhNo]

His financial obligation towards opt outs is 18 mln. He has 48 mln in cash.⁣ So he holds 30 mlns of opt IN cash. Its all in his report.

 

[Pschiff]

Thanks, I did not know that. So Opt ins have most⁠ of the cash with the bank, but still a large percenrage with Qetna. But Qenta⁤ has over $40 milllion in gold. Hopefully the Receiver will recover the $10 million in⁣ silver.

 

[JoeOhNo]

Thats why I⁠ totally dont get how receiver wants all this s**t to be sorted .

 

[regi]

This situation is unbelievable. I'm in Peter.

 

[against the wind]

So receiver has 30 m left in cash. How many millions in cash do the‌ opt in require?

 

[against the wind]

Practical: 1)what will it cost us? 2)what documents will be needed and what information of us⁠ will be widespread? 3)how long will the process take?

 

[JoeOhNo]

No one except the receiver‍ knows but be sure its a bit more then qenta + receiver has