Euro Pacific bank is a Scam!
- Thread starter Dorothy Atwater
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Sadly some people enjoy having blind faith in a shell offshore bank in bankrupt and corrupt Puerto Rico. Especially when they have no other options to bank a shell company or avoid CRS 😕.
They approved my darks without issues today. I was opening my mail client this morning and surprised to see their response when logged in to the account.
If they don't running with my money now I will be fairly good with them.
If they don't running with my money now I will be fairly good with them.
I'm simultaneously happy for you, and disappointed in EPB.
BTW, they probably don't approve a lot of accounts per day so hopefully they don't see this post and, in a panic, do a deep re-KYC of all new accounts verified recently. Now or in the future.
BTW, they probably don't approve a lot of accounts per day so hopefully they don't see this post and, in a panic, do a deep re-KYC of all new accounts verified recently. Now or in the future.
EPB does watch this site like a hawk....FACT. A staff member in Israel told me this years ago.....lol. They even had meetings to discuss what to tell clients if the client referred to allegations against the bank on this website ns2.
They review your documents every five years. Which will last longest EPB or your access to darks?
EPB has staff in Israel? Maybe tribal affiliations are what keeps EPB alive. Oy vey!
Everyone I dealt with at the bank was either an islander (St Vincent) or an American. He kept the islander support team after moving the bank to Puerto Rico.︀ The head of customer services, Amanda Dioum, is amazin'! She black. Also their brokerage guy,︁ Vincent Le, is very good. Most of the rest are pretty shaky.
EPB has staff in Israel? Maybe tribal affiliations are what keeps EPB alive. Oy vey!
Everyone I dealt with at the bank was either an islander (St Vincent) or an American. He kept the islander support team after moving the bank to Puerto Rico.︀ The head of customer services, Amanda Dioum, is amazin'! She black. Also their brokerage guy,︁ Vincent Le, is very good. Most of the rest are pretty shaky.
Vincent Le is an american right? His name rings a bell I can't remember what for I think something to do with crypto in Vietnam.
Yes they do have staff everywhere. I think there are a few Americans living︁ in Israel. Crazy thing is I was told by a staff member is that none︂ of the americans working at EPB are allowed to hold accounts at EPB. I just︃ find that weird that you have a lot of EPB staff and management who DON'T︄ use the bank....lol.
Yes they do have staff everywhere. I think there are a few Americans living︁ in Israel. Crazy thing is I was told by a staff member is that none︂ of the americans working at EPB are allowed to hold accounts at EPB. I just︃ find that weird that you have a lot of EPB staff and management who DON'T︄ use the bank....lol.
I did file for an account this summer, but did not follow through in any way after a VERY inept and not so bright "representative" called me haha...
She kept calling me for weeks, I did end up with a tiny loss as the initial attempt at getting onboarded + all the left messages burnt through 20-30 bucks worth on my prepaid card from Norway - well, not too bad I guess!
But I do appreciate a LOT that that stubborn ******** Peter Schiff is still fighting in his corner, just hope his son gets him onto Bitcoin as well as gold only in time...︀ 🙂
She kept calling me for weeks, I did end up with a tiny loss as the initial attempt at getting onboarded + all the left messages burnt through 20-30 bucks worth on my prepaid card from Norway - well, not too bad I guess!
But I do appreciate a LOT that that stubborn ******** Peter Schiff is still fighting in his corner, just hope his son gets him onto Bitcoin as well as gold only in time...︀ 🙂
...eeeeexactly 🙂
Still got some fiat left here, but that will be converted into more gold & Bitcoin the next weeks - I'm getting ready for the BIG one in 2021...
Banks & cards will become on/off-ramps ONLY very soon, for anyone who wants to both control their own money & also avoid inflation or downright theft from desperate governments!
Still got some fiat left here, but that will be converted into more gold & Bitcoin the next weeks - I'm getting ready for the BIG one in 2021...
Banks & cards will become on/off-ramps ONLY very soon, for anyone who wants to both control their own money & also avoid inflation or downright theft from desperate governments!
Great post. Here's a question for︈ you. I use EPB mostly to trade on Interactive Brokers with my corporate account. Most︉ of my money is at IB (transferred through EPB). Does that mean that *if* EPB︊ were ever to go bankrupt, my money would still be safe at IB and in︋ the equities (stocks) I own. I believe so but your post has me raising doubts...︌
Well your portfolio held with IB I guess would be in EPB's name within a white label omnibus account. So IB would have no knowledge of you maybe. They would be legal owners for the benefit of you. You need︀ to check what the rules are in Puerto Rico for handling of custody accounts and︁ whether they are segregated from the banks own assets in case of bankruptcy. In EU︂ for example it is the case that custody accounts for all EU banks do not︃ form part of the banks assets and cannot be part of bankruptcy proceedings etc.
You will also want to know what sort of record keeping they have to clearly prove︄ that stocks in a large pool of stocks they hold with IB are clearly identified︅ as being owned by you. So at least be sure to print out statements of︆ your portfolio holdings with them on a weekly basis and keep in safe place.
Lastly you will want to get them to refer to Puerto Rico law saying the assets︇ held in custody are segregated from the banks assets. Don't accept them saying just "yes︈ they are segregated". Demand thirdparty proof (normally audited financially statement) or move your portfolio away︉ if in doubt.
You will also want to know what sort of record keeping they have to clearly prove︄ that stocks in a large pool of stocks they hold with IB are clearly identified︅ as being owned by you. So at least be sure to print out statements of︆ your portfolio holdings with them on a weekly basis and keep in safe place.
Lastly you will want to get them to refer to Puerto Rico law saying the assets︇ held in custody are segregated from the banks assets. Don't accept them saying just "yes︈ they are segregated". Demand thirdparty proof (normally audited financially statement) or move your portfolio away︉ if in doubt.
We had just recently a client that used EPB together with the IBKR white label they provide.
After he opened the company here in Dubai and we helped him to open an IBKR account under the company name he had huge issues transfering his assets held with IBKR white label by EPB to his new IBKR under the UAE company name.
Everything was with IBKR under the name of EPB so we had to wait for weeks till EPB responded and approved the transfer of assets. We were really shocked because we thought everything is under the clients name and within IBKR.
After he opened the company here in Dubai and we helped him to open an IBKR account under the company name he had huge issues transfering his assets held with IBKR white label by EPB to his new IBKR under the UAE company name.
Everything was with IBKR under the name of EPB so we had to wait for weeks till EPB responded and approved the transfer of assets. We were really shocked because we thought everything is under the clients name and within IBKR.
Well if bank ignores your request then walk away from that bank. Them ignoring you tells you all you need to know about that bank then 😕.
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