A local lawyer is not going to rock the boat too much as︃ he/she have their own income stream to protect. Cross swords with the powerful and you︄ may just fall on that sword. It's the same 'whatsApp' group at the end of︅ the day. There is no case law (esp in Puerto Rico) to suggest that the︆ untouchables take any challenge from local lawyers seriously.
Euro Pacific bank is a scam
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We all know it is a muddy legal ground but if we take it like this one way is just like being at their will.
I dont think there is no rule of law︀ in Puerto Rico and i dont think a lawyer is necessarily so indignus in his︁ profession.
A lawyer can have a social circle in common with people involved in this︂ issue and therefore could possibly adopt some "solomonic attitude" but there are also facts to︃ be represented and discussed.
So why dont we get in touch with the group that︄ hired this lawyer and see what are the options they were given (if any)?
Eventually we need to round the number and it would be sustainable for everybody.
I dont︅ know if EPB/Peter Schiff have a lawyer on top of this also on behalf of︆ the depositors, for sure is in everybody interest to start the funds distribution but legally︇ postures can be very different.
Dont you think?
I dont think there is no rule of law︀ in Puerto Rico and i dont think a lawyer is necessarily so indignus in his︁ profession.
A lawyer can have a social circle in common with people involved in this︂ issue and therefore could possibly adopt some "solomonic attitude" but there are also facts to︃ be represented and discussed.
So why dont we get in touch with the group that︄ hired this lawyer and see what are the options they were given (if any)?
Eventually we need to round the number and it would be sustainable for everybody.
I dont︅ know if EPB/Peter Schiff have a lawyer on top of this also on behalf of︆ the depositors, for sure is in everybody interest to start the funds distribution but legally︇ postures can be very different.
Dont you think?
I appreciate your reference to 'silomonic attitude' and was hoping that this would︄ be visible by know considering the time that this matter has been on the treadmill.︅ Having a life-long interest in human behaviour (over 50 years), I have become skeptical regarding︆ any 'professional and honest' conduct emanating from this crowd. Bear in mind that EPB is︇ but a tadpole in this pond.
I heard long before this group hired a lawyer that other individual did the same. So far no result. They don't commit to anything.
I totally understand you being skeptical but what alternative do we have?
How do you know this? Are you aware of what︁ is going on and of their perspectives?
How do you know this? Are you aware of what︁ is going on and of their perspectives?
Maybe someone can explain what the lawyer that was hired has achieved so far for the money he was given? Don't throw good money after bad.
I dont think anything would work but legal ground.
The bank is in liquidation and there is an obligation to refund the depositors.
The funds are to be preserved and there is a due diligence on this.
The only way to check if due diligence is compliant is by accessing the balances/expenses sheets and only a legal request to access those documents can shed light.
Going there in person or raising concern on social platform will not do.
So, there are two options:
1) Wait for them and be at their will
2) Put pressure on legal ground.
Good point raised from @Martin Everson, does anybody from the group that hired the lawyer can explain what the legal action︀ looks like so far?
That could help all of us skeptical to join if it︁ is bringing some perspective results and strenghten the effort.
The bank is in liquidation and there is an obligation to refund the depositors.
The funds are to be preserved and there is a due diligence on this.
The only way to check if due diligence is compliant is by accessing the balances/expenses sheets and only a legal request to access those documents can shed light.
Going there in person or raising concern on social platform will not do.
So, there are two options:
1) Wait for them and be at their will
2) Put pressure on legal ground.
Good point raised from @Martin Everson, does anybody from the group that hired the lawyer can explain what the legal action︀ looks like so far?
That could help all of us skeptical to join if it︁ is bringing some perspective results and strenghten the effort.
Peter Schiff is the owner of the Bank, I don't understand why he is not being informed of everything that's happening so he could inform us.
Maybe the Receiver is doing all he can, maybe is not his fault, maybe he has hired a lawyer in Portugal. The problem is that we don't know what's going on, so before taking any kind of action we must know the facts, then we could decide whether to wait or take action.
Maybe the Receiver is doing all he can, maybe is not his fault, maybe he has hired a lawyer in Portugal. The problem is that we don't know what's going on, so before taking any kind of action we must know the facts, then we could decide whether to wait or take action.
Hi Peter,
I understand that it is very frustrating to be falsely accused︃ and then on top lose a lot of money as a consequence. It is extremely︄ unfair, but unfortunately, this is where we are.
But former EPB account holders have their︅ lives put on hold, we are taken hostages, some with all their savings and businesses︆ as well. We cannot move on with our lives until we get the money back.︇
Now looking forward, I want to know, what is in your opinion the best way︈ forward from here? sit back and wait more? or is there any pressure that can︉ be put on these people by US authorities? by Newspaper/media campaigns?, Lawyers?
I understand that it is very frustrating to be falsely accused︃ and then on top lose a lot of money as a consequence. It is extremely︄ unfair, but unfortunately, this is where we are.
But former EPB account holders have their︅ lives put on hold, we are taken hostages, some with all their savings and businesses︆ as well. We cannot move on with our lives until we get the money back.︇
Now looking forward, I want to know, what is in your opinion the best way︈ forward from here? sit back and wait more? or is there any pressure that can︉ be put on these people by US authorities? by Newspaper/media campaigns?, Lawyers?
So would that not constitute a breach of agremeent with the OCIF and︃ now allow you to sue them? The agreement to return customer funds was supposed to︄ be within 3 months as I recall.
I think we should try to act independently, knowing what Peter Schiff can do, wants to do or intends to do is valuable and extremely helpful but we should not rely exclusively on his actions
We already have legal group representation, so have failry detailed knowledge of what is going on internally, but someone needs to put pressure on OCIF, that is where @Pschiff comes in, if it is what he says it is, then he should have grounds for a breach of agreement for failure to return cusotmers funds in a timely manner, add to that the failure of︀ the reciever to recover the $500k due back to EPB to cover operating expenses from︁ currency matters. all this negligence falls back to the OCIF for selecting such an inexpereienced,︂ incompetent and corruprt reciever.
So, would not be a good thing if we join the lawyer action and ask him to legally beware the commissioner?
Well, i understand there is a geneal skepticism with lawyers and rule of law in PR but a lawyer has also
to report his clients what he is doing and explain the legal rationals for the actions he is taking on behalf of the client no?
to report his clients what he is doing and explain the legal rationals for the actions he is taking on behalf of the client no?
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