Euro Pacific bank is a scam

[SCHLOSSFINANZ]

PSchiff this is totally irrelevant. Its a criminal offense to hold clients funds WITHOUT a banking licence - Qenta had none, so you sold the client book to an entity not qualified to buy. Thats your responsability.

And for the sake of your customers can you please stop spreading your IRS/J5 conspiracy theories because they are NOT proven in court for the time being.

 

[Alpinist]

Peter is just ignoring the question, has he discussed with Qenta already. Sure you have money enough to have airline ticket from PR to Houston or should we do it for you.

Last edited: Feb 14, 2025

 

[NorthernDutchman]

Pschiff said:
I am still waiting to hear from them and the receiver on that
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Thanks for staying with us here Peter but the fact that you have to wait for an answer so long is not a good sign.

 

[Pschiff]

SCHLOSSFINANZ said:
PSchiff this is totally irrelevant. Its a criminal offense to hold clients funds WITHOUT a banking licence - Qenta had none, so you sold the client book to an entity not qualified to buy. Thats your responsability.

And for the sake of your customers can you please stop spreading your IRS/J5 conspiracy theories because they are NOT proven in court for the time being.
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They are not theories. I have the internal emails between IRS agents and other J5 Chief to prove it. That evidence is the basis for my lawsuit.

 

[Pschiff]

Good news. I heard back from the COE of Qenta. He assures me the rumors are not true. All customer funds are with Qenta now, and should all be allocated to customers beginning within 30 days of getting the green light from the receiver. The process could take a few weeks to compete, but all customers will have the option of leaving funds in their accounts, or withdrawing them to the financial institution of their choice.

 

[against the wind]

Pschiff said:
Good news. I heard back from the COE of Qenta. He assures me the rumors are not true. All customer funds are with Qenta now, and should all be allocated to customers beginning within 30 days of getting the green light from the receiver. The process could take a few weeks to compete, but all customers will have the option of leaving funds in their accounts, or withdrawing them to the financial institution of their choice.
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You make my day

 

[JoeOhNo]

Pschiff said:
Good news. I heard back from the COE of Qenta. He assures me the rumors are not true. All customer funds are with Qenta now, and should all be allocated to customers beginning within 30 days of getting the green light from the receiver. The process could take a few weeks to compete, but all customers will have the option of leaving funds in their accounts, or withdrawing them to the financial institution of their choice.
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Can You print acreen the mail in here so we have a proof against Qenta if things go sideways?

 

[Radko]

Pschiff said:
My lawyer is looking into possibly organizing a class action lawsuit on behalf of customers.
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If we get all our money back, can we still sue for damages???

After all the actions taken by the commissioner, especially the press conference which resulted in the freeze by Novo bank, is the main reason why we have lost access to our funds for such a long time, and that should be punishable.

Please ask your lawyer, I'm interested.

 

[Vqn]

Pschiff said:
Good news. I heard back from the COE of Qenta. He assures me the rumors are not true. All customer funds are with Qenta now, and should all be allocated to customers beginning within 30 days of getting the green light from the receiver. The process could take a few weeks to compete, but all customers will have the option of leaving funds in their accounts, or withdrawing them to the financial institution of their choice.
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Are the funds segregated and safeguarded?

 

[Martin Everson]

Personally if I was a customer of EPB [which I was not] and got my money back I would live and learn from this. Never put your money in a bank which provides no audited financials and is based in a bankrupt banana republic. Banking with amounts you care about is not about following a cult of personality blindly but doing fundamental research into the banks health, reputation and the credibility of the jurisdiction of the bank.

P.S I learned the hard way years ago. Once you hear negative press about a bank whether true or not run from the bank and don't look back.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[against the wind]

Martin Everson said:
Personally if I was a customer of EPB [which I was not] and got my money back I would live and learn from this. Never put your money in a bank which provides no audited financials and is based in a bankrupt banana republic. Banking with amounts you care about is not about following a cult of personality blindly but doing fundamental research into the banks health, reputation and the credibility of the jurisdiction of the bank.

P.S I learned the hard way years ago.
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If I get my money back I will have my retirement and spend it all.
Now I am forced to keep working, and my health is going down.

 

[SCHLOSSFINANZ]

Pschiff said:
Good news. I heard back from the COE of Qenta. He assures me the rumors are not true. All customer funds are with Qenta now, and should all be allocated to customers beginning within 30 days of getting the green light from the receiver. The process could take a few weeks to compete, but all customers will have the option of leaving funds in their accounts, or withdrawing them to the financial institution of their choice.
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if everything is fine Qenta can show a proof of funds from their bank? Do you know at which bank Qenta holds the funds?
And why does it take so long to get them allocated? Qenta had enough time and it is crystal clear what amount each depositor has when the client book was sold?

 

[SCHLOSSFINANZ]

Vqn said:
Are the funds segregated and safeguarded?
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for sure they are not

 

[Pschiff]

Martin Everson said:
Personally if I was a customer of EPB [which I was not] and got my money back I would live and learn from this. Never put your money in a bank which provides no audited financials and is based in a bankrupt banana republic. Banking with amounts you care about is not about following a cult of personality blindly but doing fundamental research into the banks health, reputation and the credibility of the jurisdiction of the bank.

P.S I learned the hard way years ago. Once you hear negative press about a bank whether true or not run from the bank and don't look back.
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The bank had audited financials. I have copies.

 

[Martin Everson]

Proof is in the pudding of whether all opt-in clients really get their money back as easy as PS described it. My personal feeling is no chance,

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[ilke]

SCHLOSSFINANZ said:
for sure they are not
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"For sure" how do you know?

Qenta is an MSB; they can hold funds on behalf a user in safeguarding

 

[Martin Everson]

Pschiff said:
The bank had audited financials. I have copies.
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It's great you have them but im talking about publishing the financials so clients could see them and make an informed decision.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[NorthernDutchman]

Pschiff said:
Good news. I heard back from the COE of Qenta. He assures me the rumors are not true. All customer funds are with Qenta now, and should all be allocated to customers beginning within 30 days of getting the green light from the receiver. The process could take a few weeks to compete, but all customers will have the option of leaving funds in their accounts, or withdrawing them to the financial institution of their choice.
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Thanks Peter!
- How are the customers funds segregated from those of the Qenta company?
- Under which jurisdiction is the bankaccount were the customers funds are held?
- Which financial authority is responsible for the customers funds?
- What happens to our funds in case of a bankruptcy of Qenta?
- Is the opt-in money-pipeline still legal and properly controlled by any financial authorities?
- If not than do you agree that the opt-in option should be cancelled and the money shall be returned?

 

[JoeOhNo]

@Pschiff
Can You print screen the mail from Qenta in here so we have a proof against Qenta if things go sideways?

 

[JoeOhNo]

Martin Everson said:
Personally if I was a customer of EPB [which I was not] and got my money back I would live and learn from this. Never put your money in a bank which provides no audited financials and is based in a bankrupt banana republic. Banking with amounts you care about is not about following a cult of personality blindly but doing fundamental research into the banks health, reputation and the credibility of the jurisdiction of the bank.

P.S I learned the hard way years ago. Once you hear negative press about a bank whether true or not run from the bank and don't look back.
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Well, to be fair EPB had a good reputation for years. The only issue people raised was actually a "pain in the a*s" KYC and AML procedures.