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Euro Pacific bank is a scam
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Correct. Great proposal in return. I will not sign it. I decided to opt-out and I have proof of that with certain date and confirmation from Quenta side that the information has been well received. The most interesting thing is they should give me any explanation. The silence is obvious and looks like a crime.
I feel so sorry for all the mess for the opt-in clients. On the other hand sende I don’t know how long it will take for opt-outs client to get their funds. But it looks like they will delay the process also on purpose…
I think he might work on the termination of the paa conditions with Qenta to retrieve the cash that is in their possesion and leaving the gold and mutual funds for customers to make deals with Qenta.
It’s difficult for me to see how he could begin distributing cash assets without knowing how much is owed to each and every customer that has submitted their claim.
It’s difficult for me to see how he could begin distributing cash assets without knowing how much is owed to each and every customer that has submitted their claim.
As of now the Receiver's position is that none of the assets, including cash that are in the possession of Qenta are his responsibility. He feels it's up to each Opt-in customer to puruse︀ their individual claims agaisnt Qenta to recover their property, including their cash.
He has rejected the agreement regarding termination that Qenta came up with.
Based on the rejection he must come to agreement with new terms with Qenta for the termination.
In his notice he only mentions that customers should pursue precious metals and securities, nothing on the 19 million usd cash that has been transferred︀ to Qenta from the subsidiary.
Based on the rejection he must come to agreement with new terms with Qenta for the termination.
In his notice he only mentions that customers should pursue precious metals and securities, nothing on the 19 million usd cash that has been transferred︀ to Qenta from the subsidiary.
Wrote to ocif explaining what is going on and asking to force the receiver to act immediately for the legal safeguard of all customers assets after qenta terminated the agreement. Think we should put pressure on the commissioner office underlying that there is a massive fraud happening in the financial sector of a US member territory which may cause a big chain of legal actions toward all parties involved.
Notice from the reciever:
https://epbprliquidation.com/wp-con...-Statement-to-Customers-Execution-Version.pdf
https://epbprliquidation.com/wp-con...-Statement-to-Customers-Execution-Version.pdf
What I get from this notice is that the Receiver is still evaluation what to do with the termination of the agreement by Qenta, and that the Mutual Funds and Brokerage accounts with IB are owned by Qenta and are not part of the liquidation.
In their termination agreement they sent to the reciever they are offering him the cash as they were recieved.
Look at the aprox 19 million usd that are under liquidated assets.
Nothing about not giving them back as they were.
The issues here are the precious metals valuation are in september 2022 and not the value of today, they want to keep the mutual funds, the subsidiaries and demand almost 5 million usd in termination fee.
I think these are the conditions that the reciever is still negotiation with Qenta on.
Look at the aprox 19 million usd that are under liquidated assets.
Nothing about not giving them back as they were.
The issues here are the precious metals valuation are in september 2022 and not the value of today, they want to keep the mutual funds, the subsidiaries and demand almost 5 million usd in termination fee.
I think these are the conditions that the reciever is still negotiation with Qenta on.
Who knows if the Reciever is going to try to get everything back, Precious Metals, Mutual Funds, and cash, OR if he is just going to try to get the Precious Metals and nothing else. He clearly says that the 3 Subsidiaries that own the Mutual Funds and the Cash are not part of the liquidation of EPB.
If the 3 Subsidiaries are not part of the liquidation of EPB, why is Qenta not contacting customers to try to return those assets back to their control?︀
What I find ridiculous is the fact that it has been more than a month︁ since Qenta terminated the agreement, and the Receiver is still evaluating what to do about︂ it, how much time does he need?! In the meantime, Qenta is trying to negotiate︃ a discounted cash deal with customers, which should not be allowed to do.
If the 3 Subsidiaries are not part of the liquidation of EPB, why is Qenta not contacting customers to try to return those assets back to their control?︀
What I find ridiculous is the fact that it has been more than a month︁ since Qenta terminated the agreement, and the Receiver is still evaluating what to do about︂ it, how much time does he need?! In the meantime, Qenta is trying to negotiate︃ a discounted cash deal with customers, which should not be allowed to do.
The Receiver is not doing anything about Qetna. He refused to support my arbitration as required︃ by the Purhase and Assumption Agreement, so we lost the TRO I obtrained freezing all︄ of the assets the bank transfered to Qenta. The Receiver's postion is that the gold,︅ cash, and mutual funds that went to Qenta have nothing to do with his job.︆ His position is that Qenta must return those assets to customers, and if they don't︇ customers need to sue Qenta. Qenta is taking advantage of the Receiver's refusal to puruse︈ claims agaisnt Qetna by just keeping all the cash and assets that belong to smaller︉ customers Qenta feels will not sue, and offer larger customers 35 cents on the dollar.︊ If they don't accept that huge discount Qenta just keeps it all. That is why︋ I've organized a customer group lawsuit against Qenta. But since that is very expensive I︌ am asking the Reciever and OCIF one last itime to delagate authoity to me to︍ sue Qenta on behalf of the bank. That way I can go back to court︎ in NY with the same actoin that aready succeeded, only with standing. There is no️ legitimate reason for the Receiver or OCIF to refuse.
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