Ticker tape by TradingView
Euro Pacific bank is a scam
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There has never been a reconcilliation of the money owed to Opt-in or Opt-outs. The $19 million that Qetna has was not related to actual Opt-in balances. It just happened to be the balance that was in the bank's IB account that was transferred to Qetna. The reciever and Qetna were supposed to reconcile the amounts, but never did.
any update on the timing of comencement of the law suit. We are all in! Thanks for your time spent in organising all this
Yes, all US dollars where in the bank's IB account. They went to Qetna. All the︎ foreing currencis were in the Novo account. They went back to the bank, and the️ Reciever had them convereted to USD. But a reconcilliation was never done to determine what was owed to Opt-ins and what was owed to Opt-outs. That's another reason the Receiver should have joined my legal action to compell Qenta to return all cash and other assets to the bank. I have never wittnessed a greater breach of fiduciary duty than what the Receiver is doing. I actually think its worse than what Qenta is doing. But the worst offender is OCIF. OCIF never should have put the bank into Receivership in the first place. Plus, they never should have appointed the Receiver they did. They︀ should have replaced him long ago, but they absolutely should replace him now based on︁ what he's allowing Qenta to do.
so the receiver︄ has custody of the foreign currencies that had been in Novo bank whether opt in︅ or opt out
so if some of the opt in customers cash is actually with the receiver but we are suing Qenta then how can we get it? Perhaps the lawsuit should compel the reconcilation to be done with a deadline?
It's a mess. But anything left over after Opt-ins are paid belongs to Opt-outs. But its also possible some of the cash Qenta holds belongs to Opt-outs. There is no way to know as I still don't even have a list of Opt-outs or Opt in. If I did i could easily figure it out has I have the complete customer list,︀ which includes what everyone owns.
They did. But thier foreing currencies were converted to USD. The original plan was to send all Opt-out cstomers euros, pounds, or wharever foreign currency they had. If they held USD the bank needed to convert to euros or pounds to wire it out. That's because the bank lost its USD correspondent and it's Fed account due to the false alligations of money laudering and tax evasion.
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