Euro Pacific bank is a scam
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It's now been a full 11 months since OCIF unnecessarily put the bank into receivership, rather than the alternative of allowing Qetna to buy it. Had that sale taken place, the Novo freeze never would have happened. The trigger for the freeze was the OCIF press conference to announce the closure of the bank, where the IRS and J5 pretended that their failed money laundering and tax evasion investigation was a success. Then the media falsely reported that the OCIF action related to the J5 investigation. OCIF never wanted to push back against those false allegations made by the media. I think that's why they︀ didn't go out of their way to pressure the Portugese government to release the freeze︁ sooner. I had been trying to get them to do that. After months of truing︂ they finally sent a letter to the Portugese government, but it was not nearly as︃ strongly worded as I had hoped it would be. Hopefully OCIF will feel some pressure︄ not to let a full year go by without customers getting their money. I have︅ already accepted the fact that I will not be getting one penny of the $10︆ million in capital I invested in the bank. Had the sale to Qetna been allowed,︇ I would have been paid $25 million in cash and Qetna stock, and not a︈ single customer would have been inconvenienced.
I don't think OCIF︉ cares whether this goes on for another month or another year, they could've avoided all︊ this very easily. They closed the bank, that was the main objective, customers are collateral︋ damage as far as the OCIF is concerned.
Peter, do you really︉ believe the receiver when he says he's struggling with Eastnet software and think about wire︊ the funds in a US bank?
Peter, how can you believe that? I work for more than 20 years in IT and such a software company like Eastnet providing sensitive service like SWIFT hosting to many big financial institutions will NEVER let one of his clients struggling more than one day without quick assistance! One month later, still stuck with this? Sure... Peter, when you hear a lame excuse like that, you and EPB should quickly hire a lawyer in Puerto Rico! They are clearly fooling us!!
No, there was an update to swift while the bank's Novo account was frozen. Nothing was done to update︀ the bank's account. Also, Novo has the original wire instructions Eastnet send about 7 months︁ ago, but they refuse to accept those instructions as they claim they are to old.︂ Until the problem with Eastnet is resolved, the bank can not send updated instructions. They︃ are basically the same, just with a more recent date.
that's what you told us 1 month ago... after one month, still no progress? They even laugh at us to see how gullible we are! They︀ just need the pressure of another lawyer but for some reasons, you don't want...
I wouldn't let the story die, keeping it alive helps, directly or indirectly, no one cares about the BTC lovers, they have nothing else to do other than try to pump BTC.
Although I do agree on complaining to the Receiver and OCIF for their lack of action and ridiculous ideas that only hurt customers.
Although I do agree on complaining to the Receiver and OCIF for their lack of action and ridiculous ideas that only hurt customers.
EPB’s account with Novo Bank is STILL blocked. Our client paid us (erroneously) after the 30/6 2022 freeze (they paid in August 2022) and our client has still not got their money sent back:
This week our client’s bank sent another Swift message to Novo Banco requesting the money to be sent back and this was the written SWIFT answer from Novo Bank this week:
“Please be advised that we cannot return the funds as indicated, because our clients account in blocked for debits due to internal policy”
This week our client’s bank sent another Swift message to Novo Banco requesting the money to be sent back and this was the written SWIFT answer from Novo Bank this week:
“Please be advised that we cannot return the funds as indicated, because our clients account in blocked for debits due to internal policy”
Sorry Peter to repeat myself again but why EPB and yourself don't consider hiring a lawyer in Puerto Rico to follow up the liquidation with the receiver? There's clearly something wrong going on in the background and you know it! Is there agreement with you/EPB/OCIF or receiver that we are not aware of?
Like Radko said, we are like pigs in the truck on the way to the slaughter house. And drivers are Peter, EPB, receiver, OCIF. And something a quick update for the pigs to calm them down...
Like Radko said, we are like pigs in the truck on the way to the slaughter house. And drivers are Peter, EPB, receiver, OCIF. And something a quick update for the pigs to calm them down...
I can't place any pressure on OCIF or the receiver. There already is a lawyer involved that talks with OCIF and the Receiver on behalf of the bank. I hired his firm on my own. No bank money was used. I cant even really criticize OCIF as they forced me to sign a mutual non-disparagement agreement.︀
@Pschiff can you tell us what the remit of this lawyer is that you hired? What has this lawyer discovered so far ?
Does the Receiver and OCIF have to engage with this lawyer ?
Unbelievably insulting to customers that they continue to use︁ the same statement month after month with no explanation for the delay.
Does the Receiver and OCIF have to engage with this lawyer ?
Unbelievably insulting to customers that they continue to use︁ the same statement month after month with no explanation for the delay.
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