Euro Pacific bank is a scam
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Peter, we all appreciate your time replying to our questions but︃ not enough for a good communication. Why don't we have an official update from OCIF/Receiver/EPB?︄ And your lawyer if any? To be honest, the only communication that matters so far︅ for me was the PDF "release Novo Freeze" and this article Clientes de bancos internacionales︆ recuperan su dinero
Before we had a townhall with Qenta. That was better than nothing.︇ But how about another one with receiver/EPB/Qenta/lawyer?
Well it's just one hour... we can all︈ be on mute and we raise hand to ask a question.
I'm sorry but from︉ what you say, it's like we can meet each other in one year for the︊ next update if any 🙁
Sorry, I haven't︎ followed up everything but has someone every tried to contact OCIF? I see they have️ a page for that Querellas y Consultas
And info such as
By email: [email protected] or [email protected]
Telephones: Metro Area (787) 723-8445
Toll Free (800) 981-7711
Fax: (787)
723-4225
Again, I would not try to contact them if we had CLEAR and OFFICIAL updates, which we don't have so far. And I don't wanna hear we're not patient enough...
And journalist here Clientes de bancos internacionales recuperan su dinero wrote on April 18th that we'll be paid within 60 days.
We can also try to inform her on June 18th coz I unfortunately think nothing will be done until this date.
Before we had a townhall with Qenta. That was better than nothing.︇ But how about another one with receiver/EPB/Qenta/lawyer?
Well it's just one hour... we can all︈ be on mute and we raise hand to ask a question.
I'm sorry but from︉ what you say, it's like we can meet each other in one year for the︊ next update if any 🙁
Sorry, I haven't︎ followed up everything but has someone every tried to contact OCIF? I see they have️ a page for that Querellas y Consultas
And info such as
By email: [email protected] or [email protected]
Telephones: Metro Area (787) 723-8445
Toll Free (800) 981-7711
Fax: (787)
723-4225
Again, I would not try to contact them if we had CLEAR and OFFICIAL updates, which we don't have so far. And I don't wanna hear we're not patient enough...
And journalist here Clientes de bancos internacionales recuperan su dinero wrote on April 18th that we'll be paid within 60 days.
We can also try to inform her on June 18th coz I unfortunately think nothing will be done until this date.
Well I haven't tried to call him since you suggested it would only delay him. But it doesn't seem to make any difference anyway. He's never there and he never seems to make any progress.
The only progress he makes is adding to his own bank balance at our expense! This is just︀ legalised robbery.
So @Pschiff can you tell us what the Receiver is supposed to be︁ doing because he doesn't tell us anything.
The only progress he makes is adding to his own bank balance at our expense! This is just︀ legalised robbery.
So @Pschiff can you tell us what the Receiver is supposed to be︁ doing because he doesn't tell us anything.
There are a few important points to be raised. The matter︃ of some antiquated systems, the fact that he (the receiver) is taking a long time︄ to get the stuff done, and the most importnant - they just did not anticipate︅ all the obstacles that would come up along the way. Who are they ? Are︆ they some random people taken on the street ? For such a ignorance there should︇ be one direction. Exit doors. All of this looks like a conscious act to the︈ detriment of the customer.
I’m sorry, but it’s been a year, and absolutely no result what so ever. Peter Schiff is a scam, the receiver, Quinta and everything that surrounds the bank. Schiff blaming everyone but himself does not help. Stop blaming everyone and solve this! If you hadn’t run your bank into so many problems OCIF would have never freezed your bank. If OCIF hadn’t stopped your madness, god knows where the bank would be now and in how much dept. And blaming 60 seconds and the rest of the world is just a pathetic excuse. If you want to clear you name and have people remember you︀ Schiff for someone good, please get your affairs in place, including OCIF, the bank and︁ anyone else involved and stop blaming the world. It’s your bank and customers are fed︂ up of excuses. We want solutions, real ones. All promises until now have fallen short,︃ very short. Not a single promise from the bank has come true. this whole ordeal︄ is an absolute nightmare, and your false promises have only created more anger, as every︅ time we think we are finally there, we will get our money back. Just not︆ true! Lost so much money and continue to do so with your bank, and right︇ now you are the only person responsible for this. So fed up with your crap.︈ Solve the issue, stop spitting crap about OCIF and the receiver, communicate and talk to︉ your customers through official channels, stop using this medium to feel better for you self,︊ and you podcasts to release all the crap No one wants to know about. I︋ don’t feel sorry for you, I’m sorry, you went into this business to make money.︌ You messed up, and all you can do now is solve it, because if not︍ you are going to end up getting a hell lot of litigations and customers complaining.︎
The only problem the bank had was losses related to the false allegations of money laundering and tax evasion. The bank also lost the ability to transact in U.S. dollars, and lost the new card program deal it signed with American Express., due to those false allegations. So I sold the bank to Qetna for $25 million in cash and stock. Qenta would not have been willing to buy the bank had I run it into the ground as you suggest. I was not even running the bank, Mark Anderson was. However, to keep the bank going and protect customers I injected $7 million in︀ capital to cover operating losses until Qetna could take it over. There was no valid︁ reason for OCIF to have denied the sale to Qetna. The only reason given was︂ OCIF objected to my 4.15% ownership of Qetna stock. There was also no valid reason︃ to have put the bank into receivership. But once the bank went into Receviership, I︄ lost all authority to do anything at the bank. So I bare no responsibility for︅ anything that has happened since the bank went into receivership.
The main problem the bank had was losses related to the false allegations of money︆ laundering and tax evasion. The other problem was the bank lost the ability to︇ transact in U.S. dollars and the new card program deal it signed with American Express.,︈ due to those false allegations. So I sold the bank to Qetna for $25 million︉ in cash and stock. Qenta would not have been willing to buy the bank had︊ I run it into the ground as you suggest. I was not even running the︋ bank, Mark Anderson was. However, to keep the bank going and protect customers I personally︌ injected $7 million in capital to cover operating losses until Qetna could take it over.︍ There was no valid reason for OCIF to have denied the sale to Qetna. The︎ only reason given was OCIF objected to my 4.15% ownership of Qetna stock, due to️ the bad publicity about me. There was also no valid reason to have put the bank into receivership. But once the bank went into Receviership, I lost all authority to do anything on behalf of the bank. So I bare no responsibility for anything that has happened since the bank went into receivership.
The main problem the bank had was losses related to the false allegations of money︆ laundering and tax evasion. The other problem was the bank lost the ability to︇ transact in U.S. dollars and the new card program deal it signed with American Express.,︈ due to those false allegations. So I sold the bank to Qetna for $25 million︉ in cash and stock. Qenta would not have been willing to buy the bank had︊ I run it into the ground as you suggest. I was not even running the︋ bank, Mark Anderson was. However, to keep the bank going and protect customers I personally︌ injected $7 million in capital to cover operating losses until Qetna could take it over.︍ There was no valid reason for OCIF to have denied the sale to Qetna. The︎ only reason given was OCIF objected to my 4.15% ownership of Qetna stock, due to️ the bad publicity about me. There was also no valid reason to have put the bank into receivership. But once the bank went into Receviership, I lost all authority to do anything on behalf of the bank. So I bare no responsibility for anything that has happened since the bank went into receivership.
Peter can you tell us what the Receiver now needs to do facilitate the return︇ of customers money.
Customers are just tired of this whole situation and just want to︈ get on with their lives and put the while thing behind them.
It's just that︉ it seems a never ending situation, so naturally people start to vent their anger.
Customers are just tired of this whole situation and just want to︈ get on with their lives and put the while thing behind them.
It's just that︉ it seems a never ending situation, so naturally people start to vent their anger.
No, I'm not sure what is needed other than resolving the issue with Eastnet. Nor can I say for sure that once the Eastnet issue is resolved, some other issue will not come up. One thing I know about is that the receiver opened up an account for the bank at a U.S. bank in California,︀ that can only deal in U.S. dollars. He told Qetna and I of his intent︁ to transfer all the funds now at Novo to this California bank, and then use︂ the Cal. bank to send funds to customers. We are trying to get the receiver︃ to give up on this idea, as it will take a lot more time, and︄ add substantial costs due to unnecessary and likely very high FX fees, as well as︅ higher wire fees. Also, the receiver said he wants to personally review each wire before︆ it goes out for compliance reason. Qetna and I have informed him that such reviews︇ are not necessary. Hopefully he takes this advice.
But why OCIF or receiver only reply to you and ignore all of us?
Sorry but we don't know how to trust at this point.
We want official updates from OCIF/receiver/Qenta/Novo bank.
Even now, EPB doesn't reply to my email about a mOTP issue.
And you still haven't updated us with the call you were supposed to have with the receiver.
Well, sorry but I believe more and more about a scam... but I'll fight to get back my money!
Sorry but we don't know how to trust at this point.
We want official updates from OCIF/receiver/Qenta/Novo bank.
Even now, EPB doesn't reply to my email about a mOTP issue.
And you still haven't updated us with the call you were supposed to have with the receiver.
Well, sorry but I believe more and more about a scam... but I'll fight to get back my money!
I have not spoken to anyone at OCIF since the bank went into Receivership. I have only been on conference calls with the receiver and Qenta. I have not been speaking to him directly. I have sent him some emails and received some replies. Again, my role is extremely limited. I can make suggestions, but I have no authority to do anything.
why they only reply to you and not to us?
and on top of that, you ask us not to bother them.
then we can only rely on your updates... not enough for me!
I don't understand they way you guys work.
I do that with my clients and they stop working with︀ me right away!!
Then may we know what was the outcome of your call with︁ them?
and on top of that, you ask us not to bother them.
then we can only rely on your updates... not enough for me!
I don't understand they way you guys work.
I do that with my clients and they stop working with︀ me right away!!
Then may we know what was the outcome of your call with︁ them?
So there is clearly a lot more going on in the background. This does not︁ sound like full story to me. Sounds like Novo is or has ended relationship with︂ EPB and asked for an account the funds can be sent to which would make︃ sense. Otherwise these actions are truly bizarre.
Very telling and sounds like a lengthy process.
Very telling and sounds like a lengthy process.
So Peter , what do you think customers should do now ? These plans to go through a Californian bank and also only using a US dollar account, clearly make no sense.
We are "officially " being kept in the dark by the Receiver/EPB on these developments. So should we be writing to EPB objecting to these proposals?
I personally believe that you are acting in the best interests of︀ customers. Maybe people will call me naive. But so far you are the only one︁ to keep customers informed. But I understand those that are angry and emotional because no︂ progress has been made in 11 months.
Customers are just exhausted by events.
We are "officially " being kept in the dark by the Receiver/EPB on these developments. So should we be writing to EPB objecting to these proposals?
I personally believe that you are acting in the best interests of︀ customers. Maybe people will call me naive. But so far you are the only one︁ to keep customers informed. But I understand those that are angry and emotional because no︂ progress has been made in 11 months.
Customers are just exhausted by events.
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