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Euro Pacific bank is a scam
I was honest and upfront about everything. The crimes were committed by IRS agents and the OCIF Commissioner. All the evidence proves that. Be mad at them, not me. I was by far the single biggest victim of this crime.- Pschiff
- Post #2,816
- Forum: Offshore Bank & EMI Accounts
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Euro Pacific bank is a scam
If you were an Opt in customer, Qenta should still be holding your gold. None should have been sold. However, I have no information to confirm or deny what happened to the gold. If it was sold, I think Opt in customers have a right to demand Qetna buy it back at the same price at which it was...- Pschiff
- Post #2,815
- Forum: Offshore Bank & EMI Accounts
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Euro Pacific bank is a scam
Correct, Opt in gold was going to Qenta. Opt out had to be sold, so the bank could send out the money. The problem was we sold the gold before we knew that we couldn't send out the money. We didn't find that out until we tried and the wire requests were rejected by Novo.- Pschiff
- Post #2,814
- Forum: Offshore Bank & EMI Accounts
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Euro Pacific bank is a scam
Only opt out needed to sell, as we could not send out the gold, only cash. The Opt ins where supposed to have their gold transferred to Qenta.- Pschiff
- Post #2,813
- Forum: Offshore Bank & EMI Accounts
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Euro Pacific bank is a scam
What does my still living in Puerto Rico have to do with it? I sued the OCIF Commissioner and the IRS. Agents of both governments acted illegally. Am i supposed to renounce my U.S. citizenship and move out of the country because some corrupt politicians stole my bank?- Pschiff
- Post #2,812
- Forum: Offshore Bank & EMI Accounts
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Euro Pacific bank is a scam
What was I dishonest about? It was the OCIF Commissioner, the IRS and other J5 Chiefs, and some "journalist" who were dishonest. I didn't benefit from giving bank customers the option to transfer their balances to Qenta. I may have benefitted had the process gone as planned, as the bank would...- Pschiff
- Post #2,786
- Forum: Offshore Bank & EMI Accounts
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Euro Pacific bank is a scam
Suing me would be a waste of money. I was just a shareholder and director of the bank. I never took any money out, only put money in. So there is no money to claw back, and I am not personally liable for claims against the bank. The bank was owned by a corporation. That limits liability to the...- Pschiff
- Post #2,778
- Forum: Offshore Bank & EMI Accounts
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Euro Pacific bank is a scam
My lawsuit has not delayed the process. If anything it creates an incentive to speed it up, as I've alleged the receiver has been deliberately delaying the process for self-enrichment.- Pschiff
- Post #2,777
- Forum: Offshore Bank & EMI Accounts
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Euro Pacific bank is a scam
No, those wires didn't go though as Novo bank refused to process the requests due to the Puerto Rico government freeze. Though initially they regarded the requested wires as suspicious, due to false press reports that the bank was shut down for money laundering and tax evasion. So they held off...- Pschiff
- Post #2,770
- Forum: Offshore Bank & EMI Accounts
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Euro Pacific bank is a scam
That's just not true. If OCIF believed the bank needed more capital, the procedure is to inform the bank in writing of the deficiency and give it time to cure the deficiency before issuing a C&D. Also, we are not talking about a low level official. But the head of the agency itself made that...- Pschiff
- Post #2,769
- Forum: Offshore Bank & EMI Accounts
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Euro Pacific bank is a scam
She was the OCFI Commissioner. My lawyer was in the room. So was the Qenta CEO and in-house counsel. An OCIF official also made a follow up phone call to the bank's attorney to reaffirm that the bank did not need any additional capital to operate. But I agree, I attorney should have gotten that...- Pschiff
- Post #2,766
- Forum: Offshore Bank & EMI Accounts
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Euro Pacific bank is a scam
Wirecard was a prior asset purchase Qenta made. I don't see the relevance to Qenta buying EPB. The reason OCIF claimed the bank was insolvent is that they initially excluded about $3.5 million in cash held in the company's gold hedge book. That mistakes was corrected when they admitted in the...- Pschiff
- Post #2,763
- Forum: Offshore Bank & EMI Accounts
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Euro Pacific bank is a scam
We don't. Every BD has the same issue. Open one yourself and let me know how you do on your first audit.- Pschiff
- Post #2,758
- Forum: Offshore Bank & EMI Accounts
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Euro Pacific bank is a scam
I have experience with owning regulated companies and how it's almost impossible to have an audit without getting written up or fined for something.- Pschiff
- Post #2,756
- Forum: Offshore Bank & EMI Accounts
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Euro Pacific bank is a scam
I didn't do anything wrong. That's the point. Also my personal role at the bank was a director. That's it. I was on the board. I was neither an employee nor an officer. I did not draw any salary. But as a shareholder I provided financial support to the bank when it started to lose money in 2020...- Pschiff
- Post #2,753
- Forum: Offshore Bank & EMI Accounts
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Euro Pacific bank is a scam
This press conference is the reason the bank is in receivership. it was all part of a publicity stunt to frame the bank for tax evasion and money laundering to validate the J5 investigation and allow the J5 to take credit for getting the bank shut down.- Pschiff
- Post #2,747
- Forum: Offshore Bank & EMI Accounts
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Euro Pacific bank is a scam
Also, the bank complied with everything OCIF asked us to do. The OCIF Commissioner had already decided to approve the sale to Qenta and told me that no additional capital was necessary prior to the completion of the sale. Yet I added $2 million anyway. But for the interference of the IRS the...- Pschiff
- Post #2,746
- Forum: Offshore Bank & EMI Accounts
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Euro Pacific bank is a scam
Most of the stuff was done right. My guess is that my bank got a lot more right than most other offshore banks in Puerto Rico that were not shut down. Had OCIF audited us two years earlier as we requested, we would have raised the extra capital much sooner, prior to the bad publicity coming out.- Pschiff
- Post #2,745
- Forum: Offshore Bank & EMI Accounts
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Euro Pacific bank is a scam
Why would we need to pay FDIC premiums, and incur other costs, all of which would beed to be passed on to customers, if we didn't make any loans? If the bank was in Florida we would have been forced to make loans to earn enough income to cover the added costs. That's not what the bank's...- Pschiff
- Post #2,741
- Forum: Offshore Bank & EMI Accounts
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Euro Pacific bank is a scam
We did not make excuses. We had been asking the government for over 2 years to audit the bank to make sure we where doing everything right.- Pschiff
- Post #2,740
- Forum: Offshore Bank & EMI Accounts