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Euro Pacific bank is a scam
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Wait, wait wait? Sue for what? They haven't done anything! Peter I told you what I think we should do in this scenario:
* Just set up a place to hold gold and silver with a new contract at a different company
* Then since Qenta can't sell the gold/silver without our consent each customer will send them specific instructions where to send the gold/silver while specifying how much is owed to you. Qenta promised access︀ to gold not USD. It don't matter what the contract says. I signed no contracts.︁
* When Qenta refuses to transfer we ask the receiver to order them to send︂ the gold
* When the receiver refuses to do so we ask OCIF
* When︃ OCIF refuses we can sue Qenta the receiver and OCIF or at least the people︄ who followed this scenairo will do the class action lawsuit
* Everyone else will get︅ half of what they are owed or nothing
As long as there is a company︆ who can take the gold and silver that we can trust we don't need to︇ sell. That is the point. Until Qenta actually sells you can't sue them and they︈ can only sell when you tell them to in which case they have your consent︉ and you can't sue them.
So rather than making another lawsuit that is most defineately︊ cannot be won I recommend following the points above.
* Just set up a place to hold gold and silver with a new contract at a different company
* Then since Qenta can't sell the gold/silver without our consent each customer will send them specific instructions where to send the gold/silver while specifying how much is owed to you. Qenta promised access︀ to gold not USD. It don't matter what the contract says. I signed no contracts.︁
* When Qenta refuses to transfer we ask the receiver to order them to send︂ the gold
* When the receiver refuses to do so we ask OCIF
* When︃ OCIF refuses we can sue Qenta the receiver and OCIF or at least the people︄ who followed this scenairo will do the class action lawsuit
* Everyone else will get︅ half of what they are owed or nothing
As long as there is a company︆ who can take the gold and silver that we can trust we don't need to︇ sell. That is the point. Until Qenta actually sells you can't sue them and they︈ can only sell when you tell them to in which case they have your consent︉ and you can't sue them.
So rather than making another lawsuit that is most defineately︊ cannot be won I recommend following the points above.
Hi Peter, did the Judge say anything about Qenta not wanting to return the full value of the assets, or that was not discussed?
I want to sue Qenta, but they haven't contacted me so far, so I don't know if I can sue Qenta without knowing exactly what they want to do?
But since Qenta terminated the agreement, can Opt-in customers also terminate the agreement that we entered when we Opted︀ in, and demand that Qenta returns our assets?
I want to sue Qenta, but they haven't contacted me so far, so I don't know if I can sue Qenta without knowing exactly what they want to do?
But since Qenta terminated the agreement, can Opt-in customers also terminate the agreement that we entered when we Opted︀ in, and demand that Qenta returns our assets?
What text and information would you like to see in that e-mail? Can you make a template or so Peter?
There is no time for would's and if's, opt-in customers need to ally and do that lawsuit with Peter Schiff coordinating. Peter has the addresses and knows the most about this case and the jurisdiction etc.
To make the lawsuit more effective Customers should email Qenta and demend the return of 100% of their assets. You rigth to those assets was supported by the Receiver. Qenta has also acknowldge your right, but claims you have no right to any of the appreciated value. That is nonesense. In your letters demand that all cash they are holding for you be return. Give them bank instuctions. Demand they liquidate your mutual fund shares at the current market value and send you a wire for the proceeds. On the metal, either ask Qenta to liquuidate now at today's prices and send you the money.︀ But if you prefer you can demand that they transfer the assets to Schiff Gold.︁ I will have accounts set up for each one of you. That way you can︂ hold onto your precious metals for as long as you want to, and liquidate at︃ your own descretion, and receive the ful maret value for your metals. Qetna's refusal will︄ help our lawsuit. Qenta, as custodian of your assets, is legally required to comply with︅ your requests.
I don't know if we can do that right now, or if we need to wait for the useless Receiver to set an official migration date.
If all Opt-in customers are now supposed to contact Qenta directly, we should all send the same statement demanding the full return of the assets they hold. Can you write a template?
If all Opt-in customers are now supposed to contact Qenta directly, we should all send the same statement demanding the full return of the assets they hold. Can you write a template?
The Reciever is out of it. He will do nrohing to help. There is no need to wait for a migration date. There will be no migration. Qetna holds your assets. Just demand they be returned. Very simple. I would inlcude that︀ you reserve your rights to file a lawsuit if your assets are not retuned immediately.︁
Hello Peter, I am fully invested in the Gold and Precious Metals Mutual Fund. Any advice on how I would go about confirming the current market value of the fund when I ask them for my money back? I do not trust Qenta to provide me with a current market valuation. There should also be some cash as the stocks should be paying dividends.
After being contacted by Qenta to sign this︆ document and agree to sell my claim i replied already by this email send on︇ August 09th. They never replied.
Quote+++
Dear Raffy,
Many thanks for confirming Qenta is stiil︈ in possession of our funds in full.
In custody since september 2022.
Can you confirm︉ the interests on our Euro account has been added year on year.
According the law︊ our funds are in safe custody, seperated totaly from Qenta assets.
Pls confirm Qenta has︋ not used it in any way or form for any own dealings or actions.
Back in 2022 Qenta offered clients a quick way out from handlings by the receiver by︌ becoming opt-in.
Qenta offered an immediate return of funds when client requests this.
We request︍ immediate return now.
Awaiting Yours
+++++++++++++++++++
Quote+++
Dear Raffy,
Many thanks for confirming Qenta is stiil︈ in possession of our funds in full.
In custody since september 2022.
Can you confirm︉ the interests on our Euro account has been added year on year.
According the law︊ our funds are in safe custody, seperated totaly from Qenta assets.
Pls confirm Qenta has︋ not used it in any way or form for any own dealings or actions.
Back in 2022 Qenta offered clients a quick way out from handlings by the receiver by︌ becoming opt-in.
Qenta offered an immediate return of funds when client requests this.
We request︍ immediate return now.
Awaiting Yours
+++++++++++++++++++
Just reference the quantity of gold that you hold and the number of shares you have of the gold fund. I have a list of that information if you don't have it. But i don't︀ really have time now to send everyone that info now. So jsut demand that you︁ funds be sold at the current market price and the gold be tranferred to Schiff︂ Gold.
Can someone with good English grammar and legal knowledge please draft a pro forma document for us. I think we must have a specific date added before we will take legal action. And then, to what email address do we send it? Qenta haven't answered any of the emails I have sent to to 3 of the email︀ adresses I got hold of.
I sent this email to Qenta legalnotices.
14th August 2025
To: Qenta Inc.
Attn: General Counsel
109 N. Post Oak Ln, Ste 435
Houston, TX 77024
USA
Subject: Demand for Immediate Return of USD Funds – Reservation of Rights
Dear Qenta Team,
I am an Opt-in customer of Euro Pacific Bank.
My USD cash balance of USD [Amount] was transferred to Qenta under the 2022 Purchase and Assumption Agreement.
This was my balance at Euro Pacific Bank on the 30th september 2022
As I understand it from the Receiver of the Euro Pacific Bank liquidation, he has made it clear that Opt-in customers must pursue︀ recovery of their assets directly with Qenta.
Accordingly, I hereby demand that you immediately return︁ my funds in full, in USD, without deductions, offsets, or conversions. If the funds︂ are not returned promptly, I expressly reserve all legal rights and remedies available under applicable︃ law, including initiating direct legal action against Qenta Inc. for the recovery of my property,︄ with all associated costs and damages.
Please confirm within 10 business days and transfer the︅ funds as follows:
Beneficiary: [Name]
Account number: [Number]
IBAN: [Country Code + number]
BIC/SWIFT: [Identification]
Sincerely,
[Company Name
[Name](UBO)
Email:
Phone: [Country Code + Phone Number]
14th August 2025
To: Qenta Inc.
Attn: General Counsel
109 N. Post Oak Ln, Ste 435
Houston, TX 77024
USA
Subject: Demand for Immediate Return of USD Funds – Reservation of Rights
Dear Qenta Team,
I am an Opt-in customer of Euro Pacific Bank.
My USD cash balance of USD [Amount] was transferred to Qenta under the 2022 Purchase and Assumption Agreement.
This was my balance at Euro Pacific Bank on the 30th september 2022
As I understand it from the Receiver of the Euro Pacific Bank liquidation, he has made it clear that Opt-in customers must pursue︀ recovery of their assets directly with Qenta.
Accordingly, I hereby demand that you immediately return︁ my funds in full, in USD, without deductions, offsets, or conversions. If the funds︂ are not returned promptly, I expressly reserve all legal rights and remedies available under applicable︃ law, including initiating direct legal action against Qenta Inc. for the recovery of my property,︄ with all associated costs and damages.
Please confirm within 10 business days and transfer the︅ funds as follows:
Beneficiary: [Name]
Account number: [Number]
IBAN: [Country Code + number]
BIC/SWIFT: [Identification]
Sincerely,
[Company Name
[Name](UBO)
Email:
Phone: [Country Code + Phone Number]
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