Euro Pacific bank is a scam

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That is their gamble. But if they all join together⁠ in a group or class, the small claims get included with the larger ones.
 
Even you win the case, what might last 2-3 years the lawyer in US takes‌ average 30% of it.

Of course if the Qenta still in business after a few‍ years or months or weeks.
 
Earlier today Peter said that 234 people has joined forces to start a group⁠ or class action against Qenta to get back their funds.
He will pay the legal⁤ fees too so everyone should join to make a strong case against Qenta for trying⁣ to steal our assets.
 
I see that others have already responded to these points,⁠ but just to reiterate, as Peter stated in an earlier post: no claim should be⁤ considered too small, as he will be funding the suit on behalf of customers
No, that is not the case, as⁢ they will not be working on a contingency fee arrangement, but funded directly by Peter︀
 
Well … Now the reciever at least has the‌ silver so Qenta can’t steal that.
And at least now he acknowledges responsibility for the‍ opt-ins when he puts some of their assets in the liquidation estate.
He might as⁠ well tell Qenta to transfer the gold, mutual funds and cash to him also so⁤ he can control it too all and let it be a part of the liquidation⁣ proces.
 
He won't do that. But obviously any gold or cash they we can recover from⁢ Qetna to the bank will be tied up for a long time. So if we︀ can get the assets directly from Qenta that will speed it up. But that requires︁ the lawsuit, or agreeing to let Qetna keep most of your money.
 
I might be naive here but if hundreds of customers are suing a⁤ financial business like Qenta it would hurt them a lot, maybe so much they won’t⁣ recover from it if people can’t trust them with their assets.
So we might not⁢ even get to court before this matter is settled.
I think it’s very important to︀ get a new TRO to protect the assets with as soon as possible.
 
Once a customer lawsuit is filed a TRO would be the first step. That's⁢ what I did and I won. It was only vacated since I aked for it︀ and not the Receiver. Given the same fact pattern, had the Receiver asked for the︁ TRO it would still be in place. In fact, the court may have already ordered︂ Qetna to return the assets to the bank. So when the customers sue on the︃ same fact pattern as I did, they should also get a TRO that will stick.︄
 
Thanks for the quick updates on the silver, Peter. It's hard to make sense of‌ the dual logic with the silver vs. gold/mutual funds/Qenta-cash-balances, and it's a shame about the‍ added bureaucracy (and other potential complications), but this is still better relatively speaking than the⁠ Receiver not accepting custody at all, and it is a good sign that there is⁤ an ongoing communication channel between him and your team.

At least Opt-in customers who hold⁣ both gold/mutual funds and silver can now enjoy the best of both worlds: having⁢ to fend off a sinking startup company seemingly hellbent on stripping as much of our︀ assets as it can get away with on the one side, and the slow, grinding︁ machinery of the Puerto Rican government with its opaque logic and penchant for form-filling on︂ the other. 😉
 
Yes, but Qenta still has the gold and︃ the Receiver will do nothing to help get it back. He is the best person︄ to do it, and would be so much easier, quicker, and cost effecient if he︅ did.
 
chatgpt says :
If a government agency fails to perform a︂ clear, non-discretionary duty, you can file a writ of mandamus in Puerto Rico court︃ to compel them to act.
Requirements:
  • There is a clear legal duty (e.g., OCIF’s︄ role in overseeing the receiver)
  • OCIF has failed to act despite that duty
  • No other︅ adequate remedy exists
OCIF has a statutory obligation to supervise and oversee the actions of︆ the receiver it appointed. The receiver is not performing core duties, such as recovering customer︇ assets from Qenta. Customers have no other adequate remedy, and OCIF’s inaction is causing ongoing︈ financial harm.
 
I will look into this. But getting a court to order governemnt︀ officals to do anything is difficult in Puerto Rico.
 
I just found out that the secret "opportinity" that Qetna is offering gold owners to‌ get something sooner rather than later is 35 cents on the dollar. The third party‍ buyer is a Qetna offialiate. So not a real thrid party. So Qetna is holding⁠ customer's gold hostage, unless they let them keep 65% of the value for themselves. The⁤ Receiver is doing nothing and just letting it happen. If a competent Receiver was in⁣ charge he would have done exactly what I tried to do to prevent this. But⁢ because he is the Receiver and won't help, no one else is allowed to help.︀
 
It’s very difficult to find find solid information about them but‍ offices closed down are red flags for sure.
Another good reason why the lawsuit should⁠ move fast so the can be ordered a TRO and PI to protect the assets.⁤
 
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