Euro Pacific bank is a scam

[Pschiff]

The losses related to losses that Qenta may incur as a result of acquiring the‌ assets. It has nothing to do with bank customer's losses. Again, Qenta was setting up‍ accounts for each Opt in customer. Qenta was going to convert all deposits into gold,⁠ via G-coin. That would have worked out well. Gold was $1,800 an ounce then. Now⁤ its $2,900. Customers would have left the gold in their G-coin wallets, or liquidated it⁣ and withdraw the balance in cash to any alternative financial institution. That was the plan.⁢ The Portugese Government got in the way due to the fraud committed by the OCIF︀ Commissioner, the IRS, the other J5 Chief, and the media.

However, it looks like if︁ anyone sues me or the bank for losses that related to the opt in customers,︂ than Qenta has indemnified us for those losses. But the only way Opt in customers︃ will lose money is if Qenta goes bankrupt before you get it back. In which︄ case their indemnification will be worthless. However, according to the Qenta CEO, the company is︅ not in financial trouble and is prepared to return all funds to customers.

 

[SCHLOSSFINANZ]

again at which bank are the Qenta assets being booked right now?

Did you ask‌ for recent Qenta audited FS?

 

[against the wind]

@PS thanks for giving the information. If Qenta is in no trouble︇ why do they not answer (our) email? Why do they not send out a general︈ message?

 

[stalker]

To say the truth, both EPB (Andrew) e Qenta (Raffy)⁠ replied to me very quickly. I asked about the homebanking then the discussion moved on⁤ my transfer lost in 2022....the problem is the lack of transparency to me, not how⁣ fast they reply (they did it, to me atleast)

 

[Alpinist]

CEO of Qenta can say anything, whatever we wish to hear. The truth might be‌ totally different and PS should understand this as well.

I was recently in Dubai and‍ found out, that office is not there anymore. This is one clear evidence.

 

[Wotduaino]

Here we have this article about︄ Emergent Technologies and Qenta. Mentioning Brent de Jong as CEO of EmTech and Kerim Chouabi,︅ CEO of Qenta CEE.
https://www.prnewswire.com/news-rel...logy-driven-payments-solutions-301482341.html
This article is from February 2022, so before the welcome︆ letter we received. (The news about EmTech end in February 2022: https://www.prnewswire.com/news/emergent-technology-holdings-lp/) This welcome︇ letter stated that Qenta is a company based on Houston TX. That is not correct!︈ Instead Brent de Jongs company resides there: https://contactout.com/Brent-De-Jong-7692123. So the clients of EPB were︉ sent a welcome letter of Qenta (even with their brand name on top), but the︊ company they were actually referrring to was the company of BdJ. So one can say,︋ that this information at least was wrong! Which raises the question whether the agreement of︌ the former EPB-clients to opt-in was based on false premises? And it also raises the︍ question, whether the oversight of the OCIF in this process has failed? Which raises the︎ question whether there is lawyer who is competent and willing and authorized to go against️ this?

 

[Wotduaino]

Another hint that OCIF failed in its oversight responsibility. Brent de Jong:⁤ https://contactout.com/Brent-De-Jong-7692123

 

[Wotduaino]

When EPB presents a welcome letter of Qenta to its opt-in customers, but actually refers to⁣ Emergent Technology, without mentioning it: what is it? A lapse, a swindle or a fraud?⁢ - We are talking milllions of USD here! There has to be correct information!

 

[Wotduaino]

Absolutely correct! And EPB⁣ even had the audacity to provide its clients with wrong informations about Qenta (see my⁢ post above), while OCIF obviously did not pay attention to this fact!

 

[Wotduaino]

See below: https://www.northdata.de/QENTA Payment CEE GmbH,︄ Graz/539960i

 

[ilke]

What is so difficult to understand? Have you never heard of a rebrand?

EMERGENT TECHNOLOGY & PAYMENTS INC. = QENTA INC. (Company No. 6227324)

Kerim Chouaibi is the director⁠ and CEO of Qenta CEE which is a tech company they acquired from Wirecard during⁤ its liquidation. So what? This means nothing.
Yes, Emergent Technology Holdings LP is used, as can be︀ inferred from its name, as a holding company for Qenta.

LPs are normal for equity︁ funds, holding entities, etc. in the US. So what?
Yes, it's registered︃ in Delaware and has offices in Houston.

BdJ personal HoldCos are also in TX.
Proof?
What false premises?
Why would it have failed?

Using Delaware for a corporation is︊ completely normal.

Qenta also has its subsidiary in PR.

There are things to attack Qenta︋ for: their UAE trade licenses have expired, their Swiss company is closed, they only have︌ an MSB and licenses in low-tier countries in places like Ghana or Bosnia and Herzegovina.︍

But the apparent non-existence of their entity, the doubt for which was only created because︎ people, for some unknown reason, cannot comprehend that an entity can change its name, is️ really not one of them.
You already shared this before – it shows Kerim is the director of‌ the Austrian entity. This is NOT a financial company and cannot hold customer funds (there‍ are no statements or evidence for it doing that either).

This does not show ownership⁠ at all.

 

[James123456]

Schiff´s comment "Qenta was setting up accounts for each Opt in customer"︇ is meaningless,nowhere in the September 2022 agreements is fund segregation mentioned. This omission was convenient.︈ Let’s be real: Qenta wouldn’t have paid $1.25M if Schiff/EPB had properly demanded segregation in︉ writing.

Another likely lie: Section 2.1 of the September 30, 2022 agreement states that $1.25M was due as:

1. $500K paid immediately after G-Commerce’s Letter of Intent.
   
2. $750K payable within 15︊ business days after closing.
   

Does anyone actually believe that in 2025, the $750K,supposedly due in October 2022,is suddenly the real issue now for the liquidation?

 

[Pschiff]

Again, the payment went to the bank, not me.⁠ I never got a dime. Plus only $500K was paid.

 

[Pschiff]

At the time it⁣ was signed there was no reason to believe the funds would not go directly into⁢ individual accounts. The funds were going to be available for customers to withdraw on demand.︀

 

[Pschiff]

Correct, about $200 million was withdrawn,⁢ about 70% of deposits. The bank had no problem with this "run" as it was︀ a 100% reserve bank. But that meant fee based revenues went down,. but costs remained︁ the same, mainly due to compliance costs. So the bank was losing a lot of︂ money, which I was covering personally. So I had two options, sell the bank or︃ close it down. I choose the former. The OCIF Commissioner originally supported that idea. But︄ then the IRS interviewed on behalf of J5 and forced the latter.

 

[James123456]

Also borderline fraud The August 2022 welcome letter for Opt-in clients (1) never mentioned Qenta‌ and (2) falsely claimed a "global financial services technology company headquartered in the U.S.",when in‍ reality, G-Commerce, based in the Middle East, controlled the Opt-in clients - not a US⁠ entity! In best case very dishonest!

 

[James123456]

but of course opt-in clients were dumb as a rock accepting all this

 

[Vqn]

Is everything at this point not just guessing for on issues?

 

[Pschiff]

Qenta had already agreed to pay $17.5 million for the bank. So $1.25 million‍ for all the bank's assets was not a good deal. The intent was not for⁠ Qenta to take ownership of the assets, but to allocate them to customers and hope⁤ they kept their accounts open. No on was forced to Opt in. That was the⁣ entire point of giving everyone 30 days to decided what they wanted to do. The⁢ default was opt in, as I wanted to close down the bank and did not︀ want the unclaimed deposits being turned over to the Puerto Rican government, which was the︁ option that OCIF initially proposed.

 

[Vqn]

So is the issue right now︁ the dispute of 750.000 usd that Qenta has not paid to EPB?