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Euro Pacific bank is a scam

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Peter Schiff is still playing defense on Twitter. Blaming everyone except himself.

I hope everyone‌ gets 100% of their money. If you don't, I believe you can pursue legal action‍ against Schiff. Schiff says you can't but I believe you can, especially since he dipped⁠ into customer money to pay the bills.

I also predict Peter Schiff will respond quickly⁤ to this post with more excuses. Fingers crossed.
 
you come⁤ here like a vulture... are you concerned with this money? do you have an account⁣ at EPB? No? So please go somewhere else!!
 
You get angry at me but not the guy (Peter Schiff) who screwed/scammed you? Peter⁠ is installing a new Sauna at his house while you guys are waiting for money⁤ that will never come. You think he gives a damn about you guys? He's a⁣ con man like Irwin Schiff!
 
OK I have just spoken to Novo Bank in Lisbon. I explained the situation and‌ they want EPB customers to write an email to

[email protected]

Explain the situation and it‍ will be passed on to the department that deals with wire transfers.

No idea if⁠ we will get replies., but it's worth a shot.

I think we just have to⁤ keep pestering them and pressing them.
 
Thanks for this head⁤ up.
Do you think it would be better to only write one email and CC⁣ many of us?
Mine is [email protected]

anyone else?

That would even be better if EPB⁢ or Peter Schiff could send this email and CC most of us... actually that's their︀ job to do that. They have more power than us in this blocking issue!
 
I think the more emails they receive⁤ and the more time and irritation we cause them the better.

It's all worth a⁣ try.

Yes you are right that those in more powerful positions like the Receiver, OCIF,⁢ Qenta, Peter Schiff should all be pressing for a resolution with Novobanco too.
 
Relax, Novo bank hasn't closed, as a matter of fact their‍ profit tripled last year, the bank is the 4th largest of Portugal, 75% of Novo⁠ banco is owned by U.S. private equity fund Lone Star, so there's no problem with⁤ Novo bank.

The problem is with the useless Receiver and the OCIF, they are highly⁣ incompetent, every single deadline we have been given went by and here we are, more⁢ than 10 months later and nobody knows anything about what's happened to our deposits.

You read the article where Pocahontas says that she "hopes" we will get our money in︀ the next two months, in other words, she has no fucking idea, she is trying︁ to send a message that she has everything under control and she is looking after︂ the interest of the customers, she is fake and phony, a useless Politician, and she︃ is the main reason why we have lost our money with no end in sight.︄

It's very scary to realize that we are in the hands of very incompetent people,︅ all of them, the Receiver, Qenta, and Pocahontas.
 
Out of interest does anyone know how much EPB funds is actually held at Novo‌ Banco?

They made net profits of 561m last year. I am trying to wrap my‍ head around why people are suggesting Novo needs EPB's money which is under a Custody⁠ arrangement anyway. All seems odd. We really need to hear their side of the story⁤ over what is going on.
 
So it's pocket money to Novo Banco. And worth at most‍ 2.4m euro's in income a year to Novo if parked at ECB.

Very odd this⁠ all is.
 
I believe it's around⁣ 40 million, I read that in an article, Peter Schiff would know.

But I totally⁢ agree, nobody is telling us why Novo banko is holding onto the deposits, there is︀ obviously a reason, but nobody is telling us anything so far. I don't think they︁ even know, and the Receiver has proven to be useless.

Other banks that were also︂ closed by the OCIF have already returned the deposits to the customers, it's only EPB︃ that hasn't done anything so far.
 
Novo banco is reporting just now that q1 2023 net profit⁠ is 150mln

Its 66,7mln eur exactly
 
If the phone calls and emails to Novo Bank don't work then I am flying‌ to Lisbon next week
 
I hope you get some answers‍ but chances are they won't tell you anything, going to talk to the Receiver/OCIF would⁠ probably give better results.

The problem here is the lack of information on the part⁤ of the Receiver and Qenta. I'm glad I didn't believe for one second that we⁣ were going to get out money back by the end of this month, another stupid⁢ deadline gone by.

I had to go back to work because of all this, so︀ I can't fly to Puerto Rico, otherwise I would go there and I wouldn't come︁ back until Pocahontas gives me some answers, she is the one that closed the bank,︂ she is the one responsible for returning my money.

According to latest tweet by Peter,︃ Novo bank is not answering the phone and it's not answering emails, which is very︄ weird.
 
Well yes you︃ could be right that I might not be successful. I doubt we would get anywhere︄ by going to Puerto Rico either.
They will just blame it on Novo bank.
 
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