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Yes we may have to look for another lawyer.

Yes the problem of finding a lawyer that is willing to scrutinise OCIF and the Receiver could be a problem. As you say they get a lot of business from state organisations.

Unfortunately there's no point in us keep talking about what should have happened. We agree the bank should never have been put in to Receivership. The question is what can customers do now to protect their interests. Do you have any new information as to what is happening? It's all gone...

Two facts: 1. At no time has the Receiver or OCIF ever told customers that they promise to pay back their money. 2. At no time has the Receiver or OCIF ever told customers why they are still holding on to their money. It's not even a covered up fraud. It's blatant.

The lawyer I spoke to told me that OCIF is aware of the poor communication from Lugo Mender. But if that's the case why hasn't she told him to communicate with customers better?

The lawyer I spoke serms to have a good relationship with the Commissioner. Obviously they would be reluctant to act against OCIF I would imagine which wouldn't be so good for customers if we want to hold OCIF to account.

Yes it's always difficult to know what to do but so far it seems the Receiver and OCIF think customers can wait forever.

So given that the Receiver continues to bill but we see no evidence or have no news of progress what do you suggest customers do ? Should we hire the lawyer I spoke to last week so that we get more information and use the lawyer as oversight of the Receiver and OCIF - if that is possible for a...

I can believe it. We all just have to work within the reality of the situation. It's no different to a lot of countries in the world.

The lawyer I spoke to today has a vested interest. He wants more assignments from OCIF in the future, so I guess he's going to say there isn't a case to claim. He was an experienced guy so he probably knows a claim against the Receiver or OCIF wouldn't get through a Puerto Rican court...

Call me naive but I think Peter wants the best outcome for customers. He is a victim too of OCIF's decision to go through a totally unnecessary liquidation. The closure by OCIF was a political action. Unfortunately we all have to accept the reality of the situation right now. Without Peter...

You are welcome. I wanted to tell other victims as soon as I finished the call and hopefully make customers feel a bit more secure. The lawyer said I could pass it on to other victims provided I didn't mention his law firm. The lawyer I spoke to was first class. He actually started his career...

Yes I think a few customers have hired this law firm. So those customers have simply been better informed than we have but they are not going to be ahead of anyone else in being paid out. So don't worry we are not going to be disadvantaged. Hopefully the OCIF announcement will come out within...

I just had a good online meeting with one of the top lawyers in Puerto Rico. They have acted for OCIF in other liquidations. They know this case very well and are already acting for a number of EPB customers. They asked me not to mention their name at this stage because they are not acting for...

I am speaking to a Puerto Rico lawyer later today about how they could help customers. I also managed to speak to someone in the Receiver's office. They told me a statement is going to be released by OCIF about the situation but they wouldn't say what it would contain. Doesn't sound like...

Is our money still in Portugal then ? So who is charging the Euro interest rates? Novo or EPB ?

At the moment OCIF and the Receiver see EPB customers as passive and docile. We have to show them that we are going to do everything we can to get our money back !

Yes definitely complain to OCIF. I have already done so and followed it up with a conversation with OCIF. Here is the email address to complain to OCIF: [email protected] One complaint they could ignore but many complaints might be more difficult.

So far @Pschiff has been the only source so far to shed any light on what has actually been happening. I agree that the Receiver shows a total disregard so far for customers, which in itself shows his unsuitability for the task on top of the fact that he wasn't ready to act once the freeze was...

@Pschiff unfortunately customers don't know 1. What the reasons for the continued delays are . We vaguely know something about software but is there anything else? 2. We don't know if the Receiver is actually doing anything to fix any of the above problems. 3. We don't know if the Receiver is...