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The reason that I am suing personally is that the bank released OCIF from liability. So the bank can't sue. Only I am allowed to sue, and only for my personal losses. OCIF is trying to use that release to have my lawsuit dismissed. I am not really suing over the money. I am suing to get the...

I did all I could for the former customers. I added $7 million in capital in 2021 to protect customers and lost every penny. Corrupt government officials conspired to shut down the bank. I had no control Be made at the IRS, the HMRC, the ATO, the OCIF Commissioner, the Receiver. They did this. I...

The Commissioner lied. She had to make stuff up to justify her action. She had a secret deal with the IRS to reject the sale, so they could close the bank as a PR stunt for the J5.

Qenta got all the gold that was stored in Silver Bullion (We had to move it from Perth) plus all the U.S. dollars that were in the bank's IB account. We moved them there when the bank lost its Fed account. That was the result of the bad publicity following the illegal leak of the Atlantis...

Neither OCIF or the receiver are covered. The was no reason to put the bank into receivership. They should have allowed Qenta to contributed the $8 million in capital in 2022 and buy the bank. The bank would have had over 10 million in capital, and all accounts would have been fine. Also, had...

EPB was compliant. The Commissioner lied about that to justify her actions, which was done at the request of the IRS on behalf of the J5 as a publicity stunt. They wanted to frame the bank for tax evasion and money laundering, then take credit for shutting it down.

You need to sue the IRS as well. That's the deep pocket.

I have not been on the site in a few weeks, so I missed all of the new post. I have sent a few emails to Qetna to try to look into these rumors. So far I have not received an answer, which is concerning.

I'm sorry this happened to you. But EPB was a good bank. It was going to get a lot better too with the deal we had with American Express and upgrading our account with the Fed to online. But then the IRS and the media destroyed the bank. You can read my lawsuit on www.9fraud.com.

I didn't get any emails so haven't visited this forum in a while. I had no idea so many new posts where here. I get very little irnformation for either the receiver or Qenta. I have tried, but to no success. That in and of itself is disturbing. It's completely out of my control. All I have now...

Correct, it was a name change. When I first did the deal to sell the bank it was to Emergent Technologies. While we were waiting for OCIF to give final approval for the sale, the company changed its name to Qenta. I think it bought a company called Qenta, and decided to use that name instead.

From what I can tell Qenta also has some of the Opt out funds, which it needs to transfer back to the bank. OCIF told me that any funds not withdrawn by customers would be forfeited to the Puerto Rico government. Given that Puerto Rico is bankrupt, I was worried that it would be very difficult...

NO i had no idea Qenta has been issued an IFE license by Puerto Rico. So I don't hink they have one. It anyone thinks they do I would like to see some proof.

Yes, the customers are not plaintiffs in my lawsuit. But if I win they can all sue individually or collectively, using my win to prove their case. I win for me is a win for every customers who wishes to pursue a claim.

I think everyone will get their funds back, though the recovery may not be 100%. I guess it all depends on how much longer it takes. I hoped my lawsuit would force the Receiver to speed things up, as if customer funds have not been returned by the trial date it will look very bad for him.

It was my idea. If people didn't have another bank account to transfer their funds, they could opt to have the funds more to Qenta. OCIF wanted to just confiscate any funds that did not transfer out. So I thought Qenta was a much better option.

Where did you read that Qenta was registered as an IFE in Puerto Rico?

It's not public. The SPAC merger fell through.

Last I knew the funds were split between Qenta and the Receiver. But Qenta has more funds then were needed to cover the Opt-ins, so needed to make a transfer to the Receiver to cover all the Opt. outs.

The Commissioner originally supported the sale to Qenta. But the IRS negotiated a deal with her to reject the sale and put the bank into receivership instead. However, while in receivership she did give permission for the bank to sell its assets to Qenta, especially customers. I wanted to do...