Choice Bank of Belize faces liquidity problems
- Thread starter Caporaso and Partners
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Apparently the Liquidator has issued a note about how to claim the money back (FAQ – Choice Bank Limited in Liquidation ) with 4 forms:
What form do we need to submit for the case of a Corporate Deposit Account? Form 2 or Form 3?
What form do we need to submit for the case of a Corporate Deposit Account? Form 2 or Form 3?
I will do︃ both, make money while I follow the instructions, Fill the form, send the documents notariazed,︄ wait the time as each step lasts.
Btw AK told me he had the same︅ problem on other country with other bank and he got the 70% after 6 monthes.︆ So that isn't zero.
I asked FCP if they could send me the last statement︇ with the balance, the transactions, the date when the account was opened and they answered︈ this:
Firstchoice Pay Customer Care <[email protected]>
Vie 17/8/2018, 07:46
Dear .....,
Response 08/17/2018 03:46 AM︉
Thank you for contacting FirstChoice Pay and for your statement request!
Please note, that unfortunately︊ we cannot issue a Transaction HIstory statement for your account as First Choice Pay system︋ about to be closed.
For now, you can only download a statement from your online︌ account.
Please, log into your account and download the statement.
We are sorry for any︍ inconveniences that might have cause you.
Should you have any questions, please feel free to︎ contact us again.
Take care and have a good day!
Thank you,
Ali
Customer Care️
Reference Number: 180815-011731
When u download the monthly statements or the transactions history to pdf, it doesn't appear the balance. The way I found is to print/save the screen to a pdf.
Hey, all those negative people, what are you doing here on this forum if you think u will not get ur money back? This is to help each other, not to send negative vibs.
Btw AK told me he had the same︅ problem on other country with other bank and he got the 70% after 6 monthes.︆ So that isn't zero.
I asked FCP if they could send me the last statement︇ with the balance, the transactions, the date when the account was opened and they answered︈ this:
Firstchoice Pay Customer Care <[email protected]>
Vie 17/8/2018, 07:46
Dear .....,
Response 08/17/2018 03:46 AM︉
Thank you for contacting FirstChoice Pay and for your statement request!
Please note, that unfortunately︊ we cannot issue a Transaction HIstory statement for your account as First Choice Pay system︋ about to be closed.
For now, you can only download a statement from your online︌ account.
Please, log into your account and download the statement.
We are sorry for any︍ inconveniences that might have cause you.
Should you have any questions, please feel free to︎ contact us again.
Take care and have a good day!
Thank you,
Ali
Customer Care️
Reference Number: 180815-011731
When u download the monthly statements or the transactions history to pdf, it doesn't appear the balance. The way I found is to print/save the screen to a pdf.
Hey, all those negative people, what are you doing here on this forum if you think u will not get ur money back? This is to help each other, not to send negative vibs.
@Claudia
Sorry if it sounds like negative vibe, it's not the meaning.
In case of bankruptcy of a company the luck of getting something back is very little.
It's a professional forum about offshoring and banking, it s not a psychologist support forum. The best help is to inform you.
So of course try to get the more possible from choice bank liquidation, but don't count only on this, work and make some new money.
I wish you to get 100% of your money back.
Sorry if it sounds like negative vibe, it's not the meaning.
In case of bankruptcy of a company the luck of getting something back is very little.
It's a professional forum about offshoring and banking, it s not a psychologist support forum. The best help is to inform you.
So of course try to get the more possible from choice bank liquidation, but don't count only on this, work and make some new money.
I wish you to get 100% of your money back.
Krista Gomez(Ms.) and Ms. Kendra Garbutt are dishonest lairs and should be prosecuted with their criminal bosses
Choice Bank sues Central Bank for damages
e two claimants, Choice Bank Limited and Choice Group Holdings, LLC, a company based in New York City, but incorporated in the State of Delaware, USA, which holds 100 percent of issues and outstanding shares of Choice Bank, believe that the actions of the Central Bank and the Minister of Finance were wholly unjustified and unlawful. The claimants are alleging that as a result of these unlawful decisions, they have suffered loss and damages, including damage to the reputation of the directors and officers of Choice Bank and Choice Group Holdings, LLC.
As a result of the losses︀ that they suffered, the claimants are seeking several declarations from the Supreme Court.
They are︁ seeking a declaration that in deciding to recommend to the Minister that he revoke the︂ license, the Central Bank and the Minister acted in breach of their statutory duties under︃ the International Banking Act.
They are also seeking a declaration that the Central Bank and︄ the Minister acted in breach of the statutory duties imposed upon them by the International︅ Banking Act.
In addition, they are seeking a declaration that the Central Bank and the︆ Minister failed to exercise their powers to promote the International Banking Act and they acted︇ for ulterior or improper purposes.
“A declaration that the Minister and the Central Bank acted︈ unlawful as being in breach of Choice’s right to a fair hearing in that they︉ failed to give Choice an opportunity to explain why the intended decisions were not necessary︊ and that their actions were irrational in light of the bank’s Repayment Plan,” said the︋ court document.
The lawsuit is seeking to recover damages, including aggravated damages and damages to︌ reputation, costs and such further relief that the court may see fit.
The Attorney General︍ is named as a defendant in all lawsuits against the government, because the office is︎ the principal legal advisor to the government.
all bulls**t !!!!!!!!!!!!!!!!! they are criminals
e two claimants, Choice Bank Limited and Choice Group Holdings, LLC, a company based in New York City, but incorporated in the State of Delaware, USA, which holds 100 percent of issues and outstanding shares of Choice Bank, believe that the actions of the Central Bank and the Minister of Finance were wholly unjustified and unlawful. The claimants are alleging that as a result of these unlawful decisions, they have suffered loss and damages, including damage to the reputation of the directors and officers of Choice Bank and Choice Group Holdings, LLC.
As a result of the losses︀ that they suffered, the claimants are seeking several declarations from the Supreme Court.
They are︁ seeking a declaration that in deciding to recommend to the Minister that he revoke the︂ license, the Central Bank and the Minister acted in breach of their statutory duties under︃ the International Banking Act.
They are also seeking a declaration that the Central Bank and︄ the Minister acted in breach of the statutory duties imposed upon them by the International︅ Banking Act.
In addition, they are seeking a declaration that the Central Bank and the︆ Minister failed to exercise their powers to promote the International Banking Act and they acted︇ for ulterior or improper purposes.
“A declaration that the Minister and the Central Bank acted︈ unlawful as being in breach of Choice’s right to a fair hearing in that they︉ failed to give Choice an opportunity to explain why the intended decisions were not necessary︊ and that their actions were irrational in light of the bank’s Repayment Plan,” said the︋ court document.
The lawsuit is seeking to recover damages, including aggravated damages and damages to︌ reputation, costs and such further relief that the court may see fit.
The Attorney General︍ is named as a defendant in all lawsuits against the government, because the office is︎ the principal legal advisor to the government.
all bulls**t !!!!!!!!!!!!!!!!! they are criminals
We're also a victim of this Choice Bank Limited meltdown. Fortunately we only have 5k USD deposited with Choice Bank since we mainly do our corporate banking in Hong Kong with Hang Seng Bank Limited which is a credible jurisdiction with deposit protection similar to FDIC in the USA.
Unfortunately BVI companies aren't as welcome in Hong Kong now unlike when we first opened our corporate account back in 2008 because a lot of corrupt government officials in China (Do note that China and Hong Kong are separate jurisdictions) used BVI companies with HK bank accounts to embezzle money from Chinese State owned enterprises. Now︀ all BVI companies are treated with suspicion in Hong Kong and Hong Kong banks irrationally︁ don't want to open corporate bank accounts for BVI companies anymore even if you show︂ them a business plan and evidence of your business operations. We found this out after︃ looking to open up a second Hong Kong corporate bank account for our BVI company︄ and everyone refused us despite us having a corporate bank account in Hong Kong with︅ Hang Seng Bank Limited for years in good standing. We also heard a rumor back︆ in 2016 that Hang Seng would be closing all BVI company bank accounts which would︇ have been hugely disruptive for our business.
As a hedge we decided to go open︈ a second corporate bank account for our BVI in another jurisdiction which ultimately lead us︉ to Choice Bank Limited. We deposited the minimum and the bank account was basically kept︊ idle aside from one transaction every 6 months to keep it from going dormant.
Fortunately the rumor that Hang Seng Bank Limited would close all BVI company bank accounts turned︋ out to not be true since we continue to bank with Hang Seng Bank Limited,︌ but Choice Bank Limited decided to have a complete meltdown due to poor diversification and︍ lost its banking license during the process.
So we're filling out the claim form and︎ see what will happen. We are filling out the second claim form as an unsecured️ depositor. There is one question on the form that I am not sure how to answer: "Has the deposit been assigned? Y/N". What does "assigned" mean in this context? Does that mean assigning the deposit as collateral security for a debt?
Unfortunately BVI companies aren't as welcome in Hong Kong now unlike when we first opened our corporate account back in 2008 because a lot of corrupt government officials in China (Do note that China and Hong Kong are separate jurisdictions) used BVI companies with HK bank accounts to embezzle money from Chinese State owned enterprises. Now︀ all BVI companies are treated with suspicion in Hong Kong and Hong Kong banks irrationally︁ don't want to open corporate bank accounts for BVI companies anymore even if you show︂ them a business plan and evidence of your business operations. We found this out after︃ looking to open up a second Hong Kong corporate bank account for our BVI company︄ and everyone refused us despite us having a corporate bank account in Hong Kong with︅ Hang Seng Bank Limited for years in good standing. We also heard a rumor back︆ in 2016 that Hang Seng would be closing all BVI company bank accounts which would︇ have been hugely disruptive for our business.
As a hedge we decided to go open︈ a second corporate bank account for our BVI in another jurisdiction which ultimately lead us︉ to Choice Bank Limited. We deposited the minimum and the bank account was basically kept︊ idle aside from one transaction every 6 months to keep it from going dormant.
Fortunately the rumor that Hang Seng Bank Limited would close all BVI company bank accounts turned︋ out to not be true since we continue to bank with Hang Seng Bank Limited,︌ but Choice Bank Limited decided to have a complete meltdown due to poor diversification and︍ lost its banking license during the process.
So we're filling out the claim form and︎ see what will happen. We are filling out the second claim form as an unsecured️ depositor. There is one question on the form that I am not sure how to answer: "Has the deposit been assigned? Y/N". What does "assigned" mean in this context? Does that mean assigning the deposit as collateral security for a debt?
I filled out claim 2, and aside from one questions I am seeking clarification on I have it filled out completely and correctly.
Claim 4 looks similar and it doesn't have the assignment question so I can probably help you with it. What part of claim 4 are you confused on?
Claim 4 looks similar and it doesn't have the assignment question so I can probably help you with it. What part of claim 4 are you confused on?
I can't even get basic information from First Choice Support
Adele: Hello and welcome to Firstchoice Pay customer care! My name is Adele and I would be happy to assist you! Please bear with me for a few moments while I pull up your information from our system. I will be right with you.
Adele: Hi! How may I assist you today?
Me: hello Adele
Adele: hi
Me: I need some general information about my account
Adele: sure
Me: what is my account type?
Me: Date when was my account first issued/opened
Me: name of entity which issued my card
Adele: Please hold for one︀ moment while I check this.
Me: I had my account first opened with Payoneer before︁ they switched me to FirstChoice
Adele: yes
Adele: Thank you for holding.
Adele: We understand︂ you were requested by Choice bank to fill out a form in order to receive︃ your funds. Please note that this request is from Choice Bank and not Firstchoice Pay.︄ We unfortunately cannot assist you in filling this out. For any other matter, please contact︅ Choice Bank directly.
Me: but i need general information about my account with firstchoice
Me: choice bank asked me this information
Me: my account type, date my account was opened︆
Adele: I understand, please note that you can see the first email that we sent︇ you, in order to know when the account was issued.
Me: ok
Me: you as︈ a first choice or payoneer?
Adele: Firstchoice Pay.
Me: thanks
Adele: It's my pleasure.
Adele: Anything else I may help you with today?
Me: no, thanks
Adele: It was a︉ pleasure to assist you.
Adele: Hello and welcome to Firstchoice Pay customer care! My name is Adele and I would be happy to assist you! Please bear with me for a few moments while I pull up your information from our system. I will be right with you.
Adele: Hi! How may I assist you today?
Me: hello Adele
Adele: hi
Me: I need some general information about my account
Adele: sure
Me: what is my account type?
Me: Date when was my account first issued/opened
Me: name of entity which issued my card
Adele: Please hold for one︀ moment while I check this.
Me: I had my account first opened with Payoneer before︁ they switched me to FirstChoice
Adele: yes
Adele: Thank you for holding.
Adele: We understand︂ you were requested by Choice bank to fill out a form in order to receive︃ your funds. Please note that this request is from Choice Bank and not Firstchoice Pay.︄ We unfortunately cannot assist you in filling this out. For any other matter, please contact︅ Choice Bank directly.
Me: but i need general information about my account with firstchoice
Me: choice bank asked me this information
Me: my account type, date my account was opened︆
Adele: I understand, please note that you can see the first email that we sent︇ you, in order to know when the account was issued.
Me: ok
Me: you as︈ a first choice or payoneer?
Adele: Firstchoice Pay.
Me: thanks
Adele: It's my pleasure.
Adele: Anything else I may help you with today?
Me: no, thanks
Adele: It was a︉ pleasure to assist you.
Yes. i know , i m sick of this . i will send all details as i know and this is it . i feel like i just want to end this with refund or not .
Did you all who failed forms authenticated/ notarized them ? I haven't yet. Seems like i'll be sending another email to them after
I notarize everything ... again , notarized crappy bs we are surrounded by criminals . Both bank and the ''Belize ''country. Unless they pay back opinion stands.
I notarize everything ... again , notarized crappy bs we are surrounded by criminals . Both bank and the ''Belize ''country. Unless they pay back opinion stands.
Please state de name of entity wich issued your card ? what should we write here ? Choice Bank LTD ?
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