Euro Pacific bank is a scam
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well as I researched 2 Qenta companies in Switzerland have been struck off from the register for non compliance.
A serious Fintech would never ever allow that to happen
A serious Fintech would never ever allow that to happen
At the moment Opt-in customers are not customers of Qenta.
In order to be a Qenta customer, you have to download the Qenta App and register to open an account.
So the question is, what is the status of Opt-in customers at the moment?
And can Qenta hold on to the funds once the funds become available?
In order to be a Qenta customer, you have to download the Qenta App and register to open an account.
So the question is, what is the status of Opt-in customers at the moment?
And can Qenta hold on to the funds once the funds become available?
We have talked about Qenta and their background in past and there are stil lots of red flags. i.e the failed merger due to inability to provide audited financials to Coinvestor and then paying terminaton fees to them in stock and not cash ca#"!. The way the Swiss entities were liquidated also. But does Qenta actually have any cash or is it all clever talk from them without providing audited financials or having any actual money. They certainly were unable to provide Coinvestor with any audited financials ca#"!.
Qenta CEO has been part of 3 failed companies that we know︇ about. Do people even know which exact Qenta entity in which country received the EPB︈ funds? I ask as if that entity is in a weak jurisdiction and goes belly︉ up [same was as the other entities CEO was involved with] your money is gone︊ folks.
P.S Again without audited financials no one has any idea what has happened to︋ client money that was given to Qenta.
Qenta CEO has been part of 3 failed companies that we know︇ about. Do people even know which exact Qenta entity in which country received the EPB︈ funds? I ask as if that entity is in a weak jurisdiction and goes belly︉ up [same was as the other entities CEO was involved with] your money is gone︊ folks.
P.S Again without audited financials no one has any idea what has happened to︋ client money that was given to Qenta.
So lets recap:
1: Qenta has all opt-in client´s money in their account, as they bought those assets. Opt-in clients may have to face a new separation liquidation process if Qenta goes into liquidation/default themselves, as the assets have been transferred & the opt-in customers in writing accepted to be part of Qenta and take that risk.
2:Schiff ´s following statement makes NO sense: Schiff basically says: “Qenta was necessary after the C&D order, as there could be clients not responding (or not having another personal bank account), and then OCIF would take that money. So Qenta was a necessary default for non-responding clients”. Makes︀ no sense if you think about it and not common practice.
3: Red flags from︁ A to Z with Qenta: They don’t answer any emails, virtual fictitious addresses, “pumping themselves︂ up”, rejected for lack of proper financial conduct (no audited statements as an example), management︃ been involved in numerous bankruptcies, risky and unclear line of business, no mentioning on EPB︄ on their web page, involved in shady jurisdictions such as Ghana etc. etc
4:Opt-in customers︅ took a massive risk trusting Qenta (discussed and shown above), and probably less than 5%︆ (if any) did a proper due diligence.
1: Qenta has all opt-in client´s money in their account, as they bought those assets. Opt-in clients may have to face a new separation liquidation process if Qenta goes into liquidation/default themselves, as the assets have been transferred & the opt-in customers in writing accepted to be part of Qenta and take that risk.
2:Schiff ´s following statement makes NO sense: Schiff basically says: “Qenta was necessary after the C&D order, as there could be clients not responding (or not having another personal bank account), and then OCIF would take that money. So Qenta was a necessary default for non-responding clients”. Makes︀ no sense if you think about it and not common practice.
3: Red flags from︁ A to Z with Qenta: They don’t answer any emails, virtual fictitious addresses, “pumping themselves︂ up”, rejected for lack of proper financial conduct (no audited statements as an example), management︃ been involved in numerous bankruptcies, risky and unclear line of business, no mentioning on EPB︄ on their web page, involved in shady jurisdictions such as Ghana etc. etc
4:Opt-in customers︅ took a massive risk trusting Qenta (discussed and shown above), and probably less than 5%︆ (if any) did a proper due diligence.
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 if not impossible for customers to retrieve their funds. So I thought having all the funds not withdrawn by customers going to Qenta was better than having them go to the Puerto Rico government. It would have been much better for customers had the OCIF Commissioner allow Qetna to︀ buy the bank. Qenta was requited to add $8 million in capital, which would have︁ raised total capital to over $10 million. But due to her secret deal with the︂ IRS to promote the J5, she could not allow the bank to stay in business.︃
Makes absolutely no sense: "Qenta also has some of the Opt out funds, which it needs to transfer back to the bank"
and still part of the people wonder why OCIF declined Qenta to be fit-and-proper to be shareholder of EPB...
Sorry your statement is omitting facts, yes if money is︄ not claimed it is forfeited to the PR government, but this happens after at least︅ 24 months! So depositors have plenty of time to get the funds transferred
Do you literally mean some of the client funds who opted out still got sent to Qenta?
How did this happen?
Which Qenta entity and jurisdiction holds legally the clients funds?
How did this happen?
Which Qenta entity and jurisdiction holds legally the clients funds?
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