Euro Pacific bank is a Scam!
- Thread starter Dorothy Atwater
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Hi guys,
Did you see this link? New wire instruction from EPB. Page 15 seems like they have fed wire now.
Seems weird to me.. but that’s what they wrote.
https://files.europacbank.com/docs/EPB_MT103.pdf
Did you see this link? New wire instruction from EPB. Page 15 seems like they have fed wire now.
Seems weird to me.. but that’s what they wrote.
https://files.europacbank.com/docs/EPB_MT103.pdf
I think this client (link below) on trustpilot is putting out there what maybe true i.e that Euro Pacific Bank is a Ponzi scheme. The bank seems to do all it can to get inflows but tries so hard to stop outflows with different excuses. For a 100% reserve bank it should not be this way ns2. It would not shock me if this is true as something is fishy with this bank as I have said all along.
Jason Chou gave Europacbank 1 star. Check out the full review...
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"I feel ashamed to admit it although the speculation that Europacific Bank might be︀ a Ponzi scheme and a scam because if you ask them the question around how︁ they manage their non-fractional reserve banking status, they will give you no information and if︂ you ask them if Peter Schiff is a director of the business, the client service︃ associates will tell you they have never heard of him. If you ask them who︄ their liquidity provider for their brokerage accounts, they will not tell you. The Europacific Team︅ are constantly watching the offshore banking forums to stifle any rebellions from its clients because︆ they don't want the truth to come out."
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p.s Some of the most trusted︇ businesses turn out to be Ponzi schemes that have run for years i.e Bernard Madoff,︈ Allen Stanford and even this new lessor known guy from UK (see below) who ran︉ one from 2005 - 2017 😱. I just hope people ask more questions and push︊ EPB to publish its financials and prove it is not a Ponzi scheme where your︋ money is being misappropriated .nai¤%
Wealth manager jailed over £14.5m Ponzi scheme
Jason Chou gave Europacbank 1 star. Check out the full review...
-------------quote
"I feel ashamed to admit it although the speculation that Europacific Bank might be︀ a Ponzi scheme and a scam because if you ask them the question around how︁ they manage their non-fractional reserve banking status, they will give you no information and if︂ you ask them if Peter Schiff is a director of the business, the client service︃ associates will tell you they have never heard of him. If you ask them who︄ their liquidity provider for their brokerage accounts, they will not tell you. The Europacific Team︅ are constantly watching the offshore banking forums to stifle any rebellions from its clients because︆ they don't want the truth to come out."
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p.s Some of the most trusted︇ businesses turn out to be Ponzi schemes that have run for years i.e Bernard Madoff,︈ Allen Stanford and even this new lessor known guy from UK (see below) who ran︉ one from 2005 - 2017 😱. I just hope people ask more questions and push︊ EPB to publish its financials and prove it is not a Ponzi scheme where your︋ money is being misappropriated .nai¤%
Wealth manager jailed over £14.5m Ponzi scheme
How do you "bank with fed"? Can normal companies or individuals do it?
In my country the central bank deals only with stuff like inflation, regulation; they have some accounts but I think they are something like overnight accounts for other banks.
Why would you bank with fed? And how would you actually achieve that as a weird bank in Puerto Rico? I'm so confused 😀
In my country the central bank deals only with stuff like inflation, regulation; they have some accounts but I think they are something like overnight accounts for other banks.
Why would you bank with fed? And how would you actually achieve that as a weird bank in Puerto Rico? I'm so confused 😀
Well that's a long story related to the USD currency.
Any dollar transaction must be cleared on US soil and must go through a clearing house that validates its regularity. So when a non-US bank wire money they do it through their USD correspondant.
Basically you can't deal in USD︀ without the U.S to be involved.
When a bank is connected to fedwire (has an︁ account with the FED) they can be this clearing agent, wire USD etc...
Any dollar transaction must be cleared on US soil and must go through a clearing house that validates its regularity. So when a non-US bank wire money they do it through their USD correspondant.
Basically you can't deal in USD︀ without the U.S to be involved.
When a bank is connected to fedwire (has an︁ account with the FED) they can be this clearing agent, wire USD etc...
Yes I know, but that is a different thing. This clearing is common in other countries as well and I'm not surprised by it. In the process of the clearing (that you described) it is the bank itself sending money to the "Fed".
What I'm surprised by is that when you (as an individual) want to deposit money to this bank, technically you send to the Fed.
Okay I guess, at least the money is safe? 😀 I'm never seen this anywhere else.
Not that long ago it seemed like USA is the biggest enemy of this bank and now they can't get much closer than︀ this. ns2
What I'm surprised by is that when you (as an individual) want to deposit money to this bank, technically you send to the Fed.
Okay I guess, at least the money is safe? 😀 I'm never seen this anywhere else.
Not that long ago it seemed like USA is the biggest enemy of this bank and now they can't get much closer than︀ this. ns2
1) Well, clearing is not that common and that's︁ not the case for EUROS for example. You don't have to respect EU law when︂ dealing in EUROS outside of Europe while you need to respect U.S law when dealing︃ in USD even if no U.S party are involved in facade. (c.f BNP world record︄ fine for dealing with Cuba, Sudan and Iran in USD - which was completely fine︅ in Europe but their huge "mistake" was to do those deals in USD)
2) Yes︆ this allows them to instant clearing and to get an ABA routing number for domestic︇ wire. Indeed it's safe
3) Not following, the U.S was the biggest ennemy of the︈ FED ?
2) Yes︆ this allows them to instant clearing and to get an ABA routing number for domestic︇ wire. Indeed it's safe
3) Not following, the U.S was the biggest ennemy of the︈ FED ?
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Well, well...on November 8th, Devin Baldo had︊ the the NERVE to send me the following email:
"I hope that your wire has︋ arrived well and I want to ensure that you do not have any further questions︌ of me related to the bank. I did notice that you left a very bad︍ review of us on a blog Euro Pacific bank is a Scam! and yet we︎ have not withheld your money and transferred this back to you. Please let me know️ if you could update this to at least leave a realistic review of the bank as you did not mention my service and how I helped you get the wire out after much difficulty."
His "service?" How he HELPED me? It took me forever to close my account--and I finally had to make an APPOINTMENT to skype with Devin in order to do so. He also advised me to leave $30 in the account to cover their "wiring fees." Well, the $30 (and a lot more) was deducted from the wire amount, and the $30 remained to be eaten up by their $5.00 per month︀ charge. Additional money besides the "$30.00 wiring fee" always disappears somewhere along the way. All︁ in all, it cost me almost $200 to get back my money from EPB.
Now I can't even log in. After I enter my username and password, a message suggesting︂ "suspicious activity" pops up and they want to send me an SMS code. Forget it,︃ jerks! It isn't worth my trouble. There's probably only about $10 left in the account︄ by now anyway.
I've explored the governing pages in Puerto Rico.
Querellas y Consultas and it seems the only way they will accept complaints is either in person or by︅ mail. Mail from Panama (where I live) is iffy, so I guess I'll have to︆ be content to spread the word in as many places as possible about fraudulent Euro︇ Pacific Bank and scam artist Peter Schiff.
Well, well...on November 8th, Devin Baldo had︊ the the NERVE to send me the following email:
"I hope that your wire has︋ arrived well and I want to ensure that you do not have any further questions︌ of me related to the bank. I did notice that you left a very bad︍ review of us on a blog Euro Pacific bank is a Scam! and yet we︎ have not withheld your money and transferred this back to you. Please let me know️ if you could update this to at least leave a realistic review of the bank as you did not mention my service and how I helped you get the wire out after much difficulty."
His "service?" How he HELPED me? It took me forever to close my account--and I finally had to make an APPOINTMENT to skype with Devin in order to do so. He also advised me to leave $30 in the account to cover their "wiring fees." Well, the $30 (and a lot more) was deducted from the wire amount, and the $30 remained to be eaten up by their $5.00 per month︀ charge. Additional money besides the "$30.00 wiring fee" always disappears somewhere along the way. All︁ in all, it cost me almost $200 to get back my money from EPB.
Now I can't even log in. After I enter my username and password, a message suggesting︂ "suspicious activity" pops up and they want to send me an SMS code. Forget it,︃ jerks! It isn't worth my trouble. There's probably only about $10 left in the account︄ by now anyway.
I've explored the governing pages in Puerto Rico.
Querellas y Consultas and it seems the only way they will accept complaints is either in person or by︅ mail. Mail from Panama (where I live) is iffy, so I guess I'll have to︆ be content to spread the word in as many places as possible about fraudulent Euro︇ Pacific Bank and scam artist Peter Schiff.
I am glad you got something back at least.
How a bank like Euro Pacific Bank can be allowed to run from St Vincent to Puerto Rico to avoid CRS I really don't know. Did the authorities in Puerto Rico bother to check the street reputation of the bank or examine its client base? Did the U.S Federal Government not check them out before allowing FEDWire access? I guess not, they were probably too busy investigating foreign banks that they missed what is right under their nose 🙁.
P.s The negative reviews continue to pile up on this joker bank ns2
Europacbank is rated "Poor" with︀ 3.6 / 10 on Trustpilot
How a bank like Euro Pacific Bank can be allowed to run from St Vincent to Puerto Rico to avoid CRS I really don't know. Did the authorities in Puerto Rico bother to check the street reputation of the bank or examine its client base? Did the U.S Federal Government not check them out before allowing FEDWire access? I guess not, they were probably too busy investigating foreign banks that they missed what is right under their nose 🙁.
P.s The negative reviews continue to pile up on this joker bank ns2
Europacbank is rated "Poor" with︀ 3.6 / 10 on Trustpilot
Did the U.S Federal︁ Government not check them out before allowing FEDWire access?
Very easy this one. One month︂ to set up. EPB can garant State Foreign Bank Licence in CA within 1-2 weeks︃ and EPB can contact CA Fed to set up FedReverse Account which is another two︄ weeks.
No any on site visits. They only ask to show licence and any government︅ website to verify licence.
Same goes to Mastercard but its another 3-4 months.
Very easy this one. One month︂ to set up. EPB can garant State Foreign Bank Licence in CA within 1-2 weeks︃ and EPB can contact CA Fed to set up FedReverse Account which is another two︄ weeks.
No any on site visits. They only ask to show licence and any government︅ website to verify licence.
Same goes to Mastercard but its another 3-4 months.
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Hummm....I don't understand. I am not a US citizen and I had to send proof that I'm not. Signing into their web︀ site, one has to check "I'm not a citizen of the US or Puerto Rico."︁ (I wonder what Puerto Rico has to do with it regarding citizenship there?)
I've never︂ wired money from or to the US, only from/to my bank in Panama.
So are︃ you saying EPB is licensed in CA? If so, does anyone know a contact there︄ for complaints against EPB?
Hummm....I don't understand. I am not a US citizen and I had to send proof that I'm not. Signing into their web︀ site, one has to check "I'm not a citizen of the US or Puerto Rico."︁ (I wonder what Puerto Rico has to do with it regarding citizenship there?)
I've never︂ wired money from or to the US, only from/to my bank in Panama.
So are︃ you saying EPB is licensed in CA? If so, does anyone know a contact there︄ for complaints against EPB?
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There are glowing reviews of EPB here: Euro Pacific︅ Bank reviews | Finance at 53 Palmeras St - San Juan PR They MUST be︆ fake! I tried to post my own review, but the site wouldn't let me. The︇ log-in process took me in an endless loop.
There are glowing reviews of EPB here: Euro Pacific︅ Bank reviews | Finance at 53 Palmeras St - San Juan PR They MUST be︆ fake! I tried to post my own review, but the site wouldn't let me. The︇ log-in process took me in an endless loop.
One of the reviewers (aka Peter Schiff cult member) on the above link says the below:
----------------begin quote ------------------------
"Antonio on Trustpilot
a month ago
The entire business of a bank is based on trust
The entire business of a bank is based on trust. Today most people use high street fractional︀ banks simply because they have no choice but Euro Pacific Bank have put trust back︁ into banking.
I was sceptical of the bank's relocation but under the guidance of Devin︂ Baldo, customer service has taken the bank to a new level of excellence. With the︃ IT upgrade and Devin's 'can-do' attitude, Euro Pacific, as one of the few non-fractional banks︄ in the world, is finally realising Peter Schiff's dream largely thanks to Devin Baldo and︅ his oversight of Customer Service. I would recommend everyone to sign up with Euro Pacific︆ Bank and starve out the fractional banks that have become a blight on Western Civilisation.︇ "
-----------------end quote-----------------
These Peter Schiff cult members that use his bank show complete blind︈ faith and a disregard for commonsense and reality. They are no different to Elon Musk︉ cult followers who are happy to lose all their money in Tesla stock because they︊ have a wrong belief that this multi-billion high school science project he labels a business︋ will change the world. In both cases you will consistently end up loosing money as︌ you follow your heart and not your head. The bank is a bigger joke than︍ the demo of Elon Musk's hyperloop.
----------------begin quote ------------------------
"Antonio on Trustpilot
a month ago
The entire business of a bank is based on trust
The entire business of a bank is based on trust. Today most people use high street fractional︀ banks simply because they have no choice but Euro Pacific Bank have put trust back︁ into banking.
I was sceptical of the bank's relocation but under the guidance of Devin︂ Baldo, customer service has taken the bank to a new level of excellence. With the︃ IT upgrade and Devin's 'can-do' attitude, Euro Pacific, as one of the few non-fractional banks︄ in the world, is finally realising Peter Schiff's dream largely thanks to Devin Baldo and︅ his oversight of Customer Service. I would recommend everyone to sign up with Euro Pacific︆ Bank and starve out the fractional banks that have become a blight on Western Civilisation.︇ "
-----------------end quote-----------------
These Peter Schiff cult members that use his bank show complete blind︈ faith and a disregard for commonsense and reality. They are no different to Elon Musk︉ cult followers who are happy to lose all their money in Tesla stock because they︊ have a wrong belief that this multi-billion high school science project he labels a business︋ will change the world. In both cases you will consistently end up loosing money as︌ you follow your heart and not your head. The bank is a bigger joke than︍ the demo of Elon Musk's hyperloop.
I know those wanting to avoid CRS and those with offshore companies feel they have no choice but to use Euro Pacific Bank but why put up with nonsense like this below? 🙁. Opening an account with EPB is like going raw with a prostitute. It may feel good at the time but a couple or weeks or months you will feel the burn.
EPB Corporate Client – 1 business reviews on Trustpilot
EPB Corporate Client – 1 business reviews on Trustpilot
I read your review, and it's typical for EPB. My monetary losses weren't sufficient to hire a lawyer, but it sounds as if yours are. And︀ if you need others testimony to bolster your lawsuit, I'm sure that people here on︁ this forum would be happy to provide it. Count me in! Keep us posted.
That review in the link I posted is by a third-party and not myself. I just wanted to highlight the struggles others are having working with that bank. I just can't believe there are still people willing take the chance of opening an account with that opaque bank that publishes no financial records and is potentially a long running ponzi 🙁.
I got mixed feeling about this bank. Yes I know the reviews , but we also been with them 3 years now with a hk corp.
I never had problems with them?! Apart from the crap wiring instructions that change more frequently than my change of underwear.
However they are now with the fed direct and that works as well.
Puerto Rico is part of the USA , like Hawaii . Too small to be a state but part of it nonetheless. Hence therefore no csr but facta lol although technically there isn’t as they would
Not have any USA clients
Oh the one thing︀ that been cancelled is our MasterCard as they state you need to be based
In Europe to have one due to new regs. Not sure if that is bs, anyone︁ knows more about this????
I never had problems with them?! Apart from the crap wiring instructions that change more frequently than my change of underwear.
However they are now with the fed direct and that works as well.
Puerto Rico is part of the USA , like Hawaii . Too small to be a state but part of it nonetheless. Hence therefore no csr but facta lol although technically there isn’t as they would
Not have any USA clients
Oh the one thing︀ that been cancelled is our MasterCard as they state you need to be based
In Europe to have one due to new regs. Not sure if that is bs, anyone︁ knows more about this????
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