Euro Pacific bank is a scam

[mantovam]

indeed, this⁤ can be very expensive for Mr. Schiff.

Anyway, its a clearly conspiracy by authorities and⁣ the odds are with Peter. For us, customers, we want our money back - but⁢ in case Peter wins this process in the just, open the track for 3000 new︀ sues against the authorities (one per customer affected).

 

[Piano]

Good luck , Peter !

 

[Pschiff]

It's not⁤ loser pay in the U.S. So it's very unlikely I would have to pay the⁣ attorney fees of the defendants if I lose. But you are correct in that I⁢ could end up paying a lot of money for my own legal fees.

 

[Martin Everson]

Can the receiver use the‍ receivership estate assets to defend a legal case brought to him in his official capacity⁠ as an appointed receiver while carrying out his duties? I am no legal expert but⁤ I hope this was investigated before actions were taken. Otherwise clients money could be drained⁣ in protracted litigation at an alarming rate.

 

[Pschiff]

I don't think he can use the bank's asset to defend against⁣ a personal lawsuit filed by me against him? But he likely has insurance to cover⁢ this.

 

[Martin Everson]

When suing him on a personal basis it is clear he cannot⁠ use client funds. But your suing him in both an official and personal capacity as⁤ you confirmed above. So can he use receivership assets [client funds] to defend himself in⁣ his official capacity as receiver?

I don't know how it works in US but I⁢ would double check with your legal team before there is a nasty surprise here with︀ more delays and clients funds getting eaten by some expensive legal bills.

 

[Pschiff]

My lawyer said he can't. I am not suing the bank. I'm suing him. Even︀ if it's in his capacity as trustee, he can not use the bank's money to︁ defend against a personal lawsuit against him as trustee of the bank.

 

[Radko]

I REALLY HOPE YOU WIN!

I would love to see a headline on‌ a Newspaper:

"Peter Schiff wins the lawsuit against the Commissioner and the IRS agent that‍ closed his bank."

 

[SCHLOSSFINANZ]

I am afraid/scared that the receiver will halt the liquidation because of this....

 

[Radko]

Legally he couldn't do that, but everything is possible in a Banana‍ Republic.

 

[Pschiff]

I doubt it. If anything it will create an incentive to speed‍ up the process. The unnecessary delay if part of my lawsuit. Its damaging my reputation⁠ and costing me money. In fact, but for my lawsuit, he may never return the⁤ money. He just keeps coming up with excuses not to.

 

[SCHLOSSFINANZ]

where can I find the lawsuit?

 

[UKNomad]

https://newsismybusiness.com/peter-...ts-suit-alleging-conspiracy-between-irs-ocif/

 

[SCHLOSSFINANZ]

seems partly like a PR stunt. Tax officials from Australia, Canada, Netherlands and UK enjoy‌ functional immunity for offical acts during their duty and can not be defendants in a‍ lawsuit in a foreign court. His attorney Lanny Davis should really know that...

 

[Pschiff]

Lanny Davis is not the attorney for this action. Those foreign officials⁤ came to the U.S. to participate in a press conference and made false and defamatory⁣ comments about the bank as part of the conspiracy. They repeated those comments after the⁢ press conference. We argue that their appearance in Puerto Rico to commit a tort makes︀ them subject to U.S. jurisdiction. Even if I they end up being dropped as defendants,︁ at least hey've been named to highlights their guilt. But they are not immune as︂ you say. I could certainly sue Simon York in the U.K. under U.K. law, which︃ is actually very good on this subject.

 

[Martin Everson]

If Puerto Rico is really a banana republic like where I live I would watch‌ your back as life is cheap in some places sadly when pursing local people in‍ court 🙁. Lost a friend to this type of situation so if you don't know⁠ who is who and how they may be connected to underworld take strong measures to⁤ protect yourself now.

 

[danielboros]

I had about 10 grand in gold at the bank, probably closer to 15 now.‌ It is not much, but If I get it back (from Quenta) I wouldn't mind‍ putting it all in a class action lawsuit. If we let this slide they will⁠ just keep doing it to other people. One agency in one country is bad enough,⁤ but now you have a whole syndicate going after people.

 

[Pschiff]

Once we have served the primary defendants I will post the lawsuit online, so everyone‌ can read exactly what happened.

 

[Lemon]

Hi Peter,
You say you are not sure and you doubt that this will delay the liquidation and⁤ not sure if coustomer deposits will be used by Reciever to cover legal fees? .⁣ According to the receiver we are only weeks away from beginning the actual liquidation and⁢ return of funds....
My question is : are you not jeopardizing the return of deposits︀ to customers by filing this lawsuit now? could you not just wait with this for︁ a few weeks, until the process is approved ?

 

[Pschiff]

I don't think so. I hope we are weeks away, but I don't⁢ trust the receiver. But if anything my lawsuit should put added pressure on him to︀ return the funds. But i needed to file. First, there is only a one-year stature︁ of limitations for my claim. My argument is that I idid not discover hard evidence︂ of the conspiracy until April of this year, when I got the IRS emails in︃ response to my FOIA request. Also I wanted to file before the election. I want︄ the incoming PR governor to know I'm suing the prior administration, not her's. So I︅ filed the day before the election.