The problem is the Receiver sold the euros as that was the only way the bank he decided to use could hold the funds. In Qetna's case the gold was not sold, even if concerted into paper gold by Qetna, which it clearly was not allowed to do prior to any closing. Qenta wants to sell now, but only give the customers what they would have received had they sold Sept. 30th 2022. That's very different than what the Reciever did︀ with euros and pounds.
Euro Pacific bank is a scam
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Well, as a EUR only cash holder, I never agreed to this, if the receiver︀ has the power to make these decisions and still won't take responsibility for the loss︁ he has caused me, what can I do about this? Do I just have to︂ accept this loss? I think that if I had been given access to my money︃ after he exchanged the EUR to USD upon my agreement to do so, his actions︄ could have been justified, will I have to sue the receiver to be able to︅ get my property back at its rightfull value? And, another question, can the receiver just︆ choose legally to hold on to the money forever (the next 100 years).. I find︇ this whole thing hilariously unintelligent, how can something like this even happen, it's people's savings︈ (In my case, my business operational capital) that is being hold random by the banks︉ or the people put in place to solve the issue. Whatever has caused this whole︊ issue to begin with should be hold accountable for people's or businesses financial loss.
Yes, I agree it disgraceufl. I think customers have a valid︆ lawsuit against OCIF and the Receiver. But that lawsuit is much more compicated than the︇ one I'm helping customers file against Qenta, which is a slam dunk. Courts tend to︈ favor govenemnt officals and their appointess. So the bar is higher.
Hi Peter @Pschiff , I am aware you have been trying to reach as many customers as possible with recent email and website updates. Just a suggestion if I may – a few users on here have reported not receiving the email updates, including in their junk folders. At least one of these users has confirmed that this is true for the original email address with which he was registered at the bank – so his email address really should be on the mailing list.
Two things may be going on here: either the mailing list is somewhat out of date/incomplete, or some email servers︀ are silently blocking delivery of your emails (in which case, the emails may not even︁ end up in users' junk folders). As I understand it, the latter can potentially happen︂ either when there is a high bounce rate on the mailing list, or when the︃ sender name and domain don’t match (i.e. the emails are being sent from @schiffgold.com but︄ list EPB as the sender name) – either of which might cause some servers to︅ flag them as spam or marketing mail.
I might be wrong on this, but a︆ quick check could be for a couple of these users to email you directly, and︇ for you to check whether their addresses are included in your mailing list. If they︈ are included, that would suggest some kind of silent blocking may be happening – and︉ that might be relatively easy to fix.
I think one of the forum users was︊ @Mario68 and potentially also @Lucas B
Two things may be going on here: either the mailing list is somewhat out of date/incomplete, or some email servers︀ are silently blocking delivery of your emails (in which case, the emails may not even︁ end up in users' junk folders). As I understand it, the latter can potentially happen︂ either when there is a high bounce rate on the mailing list, or when the︃ sender name and domain don’t match (i.e. the emails are being sent from @schiffgold.com but︄ list EPB as the sender name) – either of which might cause some servers to︅ flag them as spam or marketing mail.
I might be wrong on this, but a︆ quick check could be for a couple of these users to email you directly, and︇ for you to check whether their addresses are included in your mailing list. If they︈ are included, that would suggest some kind of silent blocking may be happening – and︉ that might be relatively easy to fix.
I think one of the forum users was︊ @Mario68 and potentially also @Lucas B
Do we have to fill out a form or just let you know by email, that we want to participate?
Is there a minimum credit balance or rather minimum claim threshold above which participation makes sense?
Is there a minimum credit balance or rather minimum claim threshold above which participation makes sense?
Thanks for the reply and numbers, Peter – that open rate is definitely high. But I still wonder whether some valid recipients (especially those not on this forum) may not have received the email at all, due to silent filtering. That missing 50% could include people who never got the chance to open it.
Thanks @ap31 , does that︂ include in your junk folder? And, did you used to receive the semi-regular update emails︃ from EPB previously, on this same email address?
Thanks @ap31 , does that︂ include in your junk folder? And, did you used to receive the semi-regular update emails︃ from EPB previously, on this same email address?
Sending mass emails with high delivery rate not ending in spam/junk folders is an art of its own. A quite tricky art.
A 50% open rate is very high and shows the problem with engagement from clients is not the email delivery. Some people seem not to care simply for some reason.
Btw, Peter, maybe informing people in one of the updates about this forum could be beneficial. I am astound how little people actually ended up here despite this being the unofficial EPB liqudation communication channel.
A 50% open rate is very high and shows the problem with engagement from clients is not the email delivery. Some people seem not to care simply for some reason.
Btw, Peter, maybe informing people in one of the updates about this forum could be beneficial. I am astound how little people actually ended up here despite this being the unofficial EPB liqudation communication channel.
I think it would be very hard to have a case︆ for this. The bank was deemed to be poorly run and insolvent and therefore the︇ regulators stepped in and forced it to be liquidated. Bank liquidations take years and Martin︈ has mentioned that he was part of a liquidation in the past that took many︉ many years. My understanding is that you will not be able to claim any lost︊ "gains" or "interest" as this is per the course of the liquidation process.
Let's just︋ hope this new saga involving Qenta and the fury of lawsuits will not drag this︌ process any longer and people can get their money back by 2030 instead of 2035.︍
The only way to avoid this is to use a real bank that is FDIC︎ insured. Funds are available to depositors within 48 hours and depositors are not encumbered by️ the liquidation process. Unfortunately, Europacific Bank was never a "bank" and the "bank" in it's name was deceptive, I think Euro Pacific Uninsured Depository Scheme would be more suitable.
Let's just︋ hope this new saga involving Qenta and the fury of lawsuits will not drag this︌ process any longer and people can get their money back by 2030 instead of 2035.︍
The only way to avoid this is to use a real bank that is FDIC︎ insured. Funds are available to depositors within 48 hours and depositors are not encumbered by️ the liquidation process. Unfortunately, Europacific Bank was never a "bank" and the "bank" in it's name was deceptive, I think Euro Pacific Uninsured Depository Scheme would be more suitable.
I also stopped receiving email updates at some point from EPB. When I got that email about signing an NDA I had just emailed the receiver and then 2 hours later got an email from Qenta
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