Ticker tape by TradingView
Euro Pacific bank is a scam
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Q1 2025 Receiver's Report states : Total AUM is 48m€ (page1 )
Exhibit 1 of the same report states (pages 6 & 7) : 19m€ in possession of Qenta. Total Cash = 68m€.
At the moment, there is no segmentation between Opt-in Funds & Opt-out funds.
I asked several weeks to the receiver who has my cash : no answer was received.
PPA states :
The description in the exhibit gives then some meaning to the following line︀ of the receiver's report :
Has the receiver transferred this cash to the Purchaser before︁ the termination of the PPA ? Which customers are concerned ; Opt-in's ? Opt-out's ?︂ A bit of both but not all of them ?
As long as the receiver︃ remains silent, we are playing riddles.
Are there on this forum opt-in's customers, which completed︄ a claim in due time, who possessed cash positions, who received a postive answer of︅ the Receiver on their claim ?
Exhibit 1 of the same report states (pages 6 & 7) : 19m€ in possession of Qenta. Total Cash = 68m€.
At the moment, there is no segmentation between Opt-in Funds & Opt-out funds.
I asked several weeks to the receiver who has my cash : no answer was received.
PPA states :
The description in the exhibit gives then some meaning to the following line︀ of the receiver's report :
Has the receiver transferred this cash to the Purchaser before︁ the termination of the PPA ? Which customers are concerned ; Opt-in's ? Opt-out's ?︂ A bit of both but not all of them ?
As long as the receiver︃ remains silent, we are playing riddles.
Are there on this forum opt-in's customers, which completed︄ a claim in due time, who possessed cash positions, who received a postive answer of︅ the Receiver on their claim ?
Same here.. no answer from either Qenta or Receiver.. it's like we customers do not exist, and they keep our money hostage. I hope to get my hard earned money returned but by now I have come to accept that this corrupt banking system and world banks, OCIF and all what regulates and oversees banks are just as corrupt as everything else is.. the 5J caused this problem, an OCIF made it an actualisation, and Qenta just prey on us that already is so unfortunate︀ to be wrapped up in all of this and there is not really much we︁ can do about it but hope that we one day will see our money.
I don't think anyone has gotten︄ any answer from the receiver .. the receiver do not care for opt-ins and told︅ us to go after Qenta individually to get our property back, and Qenta is playing︆ a con on everyone trying to run away with two thirds of all customers money,︇ and have not answered any of us for our claims. They will probably not answer︈ any questions and just keep our money unless we accept the 35c to the dollar.︉ We can only hope that the legal system will correct this in one way or︊ another. Let's hope Peter has more luck with the upcoming Fed lawsuit
I opted out and tried to︄ withdraw my money in 2022 but the EPB system wouldn't let me. Ive submitted all︅ my documents regardless to Axos.
My thinking is that Wigburto the receiver︁ has done an underhand deal with Brent De Mong so they make a shed load︂ of money which is ours.
I tend to think we are ignored at the moment because the administrative part of the liquidation is burdensome.
When the Trustee receives Qenta termination notice, he waits first for the advice of its counsels. Then, I believe, he seeks advice from OCIF. Then, they discuss between them. In other words, this takes months...
Receiver says in Q2 2025 report " While this communication remains under reviewed by EPIB’s legal advisors, all parties should be aware that no change or modification in the liquidation process being pursued by the trustee has been adopted or approved. In the event there is any change in the︀ liquidation process this will be notified beforehand through the liquidation portal and through a separate︁ communication."
In Q2 2024 report he says as well about OCIF the following :︂ "Despite progressing significantly in the customers’ accounts reconciliation, we remain working in this process with︃ the assuming entity. All customers should know that there have been no distributions nor transfers︄ of funds to any customers by the trustee nor the assuming entity. Until this reconciliation︅ process is completed and approved by the Office of the Commissioner, all customers remain in︆ the same condition, that is awaiting the commencement of the liquidation process."
Last thing but︇ not list, if the 23m€ are, for a part, opt-in's money, this was only foreign︈ currency (not usd) held at novo banco. I think this means that if you were︉ an Opt-in Customer and had USD, they are most certainly with the subsidiaries Qenta's acquirred.︊ If you had CHF, PLN, GBP or EUR, you might have a chance to receive︋ it back as they are probably in the hands of the Trustee (to be confirmed︌ but the 23m€ of funds of Novo Banco were never transfered if you read carefully︍ all reports).
@ Peter, what were the name of the subsidiaries with highest cash balances︎ ? are they any financial statements published ?
When the Trustee receives Qenta termination notice, he waits first for the advice of its counsels. Then, I believe, he seeks advice from OCIF. Then, they discuss between them. In other words, this takes months...
Receiver says in Q2 2025 report " While this communication remains under reviewed by EPIB’s legal advisors, all parties should be aware that no change or modification in the liquidation process being pursued by the trustee has been adopted or approved. In the event there is any change in the︀ liquidation process this will be notified beforehand through the liquidation portal and through a separate︁ communication."
In Q2 2024 report he says as well about OCIF the following :︂ "Despite progressing significantly in the customers’ accounts reconciliation, we remain working in this process with︃ the assuming entity. All customers should know that there have been no distributions nor transfers︄ of funds to any customers by the trustee nor the assuming entity. Until this reconciliation︅ process is completed and approved by the Office of the Commissioner, all customers remain in︆ the same condition, that is awaiting the commencement of the liquidation process."
Last thing but︇ not list, if the 23m€ are, for a part, opt-in's money, this was only foreign︈ currency (not usd) held at novo banco. I think this means that if you were︉ an Opt-in Customer and had USD, they are most certainly with the subsidiaries Qenta's acquirred.︊ If you had CHF, PLN, GBP or EUR, you might have a chance to receive︋ it back as they are probably in the hands of the Trustee (to be confirmed︌ but the 23m€ of funds of Novo Banco were never transfered if you read carefully︍ all reports).
@ Peter, what were the name of the subsidiaries with highest cash balances︎ ? are they any financial statements published ?
In my case, on Aug 15th I sent request for return of Cash to Qenta with no answer yet. The same day, I sent request to transferir silver to Schiff Gold to Receiver, he answered yesterday telling me that my account is not in the list of - as Mr. Radko said- "elegible customers" in this liquidation process and asked me to send further info/documents, although I had sent 40 documents on Aug 1st, before their deadline.
To receive such response, what did you send them ? Bank statements, official communications with EPIB/Qenta's officers, screenshots of user interface,... ?
I have found the subsidiary with high cash balances and transferred to Qenta : https://www.bvifsc.vg/regulated-entities/euro-pacific-securities-inc
Someone knows how to access︀ financial statements and legal info on a company based in the British virgin islands ?︁
I have found the subsidiary with high cash balances and transferred to Qenta : https://www.bvifsc.vg/regulated-entities/euro-pacific-securities-inc
Someone knows how to access︀ financial statements and legal info on a company based in the British virgin islands ?︁
Same here.. was told to transfer allmmy USD to EUR before I could opt out.. it was transferred as requested but for some reason the minimum balance of 350 USD to enable the membership in EBP was locked on my USD account so even though most of my USD was transfered to my EUR account with the message OPTOUT, i was still unvillingly included as an Opt-in - now looking at all this.. it︀ feels very very unfair..
Considering what you sent and the response of the Receiver stating you are no "eligible customer" it is the confirmation he won't do a thing for the Opt-in's assets at the moment, if those assets are not easily at his disposal (silver owners can thank Peter, and we can thank Novo Banco if not mistaken for not having sent the funds too fast to the Receivership).
We'll all be here for a while...
We'll all be here for a while...
If novo bank sitll hold the foreign currency opt-in cash can we ask Novo bank to return that?
looking again at this presumably the︄ opt-in customers are all in column 5 not part of the liquidation totalling $19m and︅ all transfered to Qenta?
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