Euro Pacific bank is a scam
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How is any of it my fault, other than that the IRS target the bank due to my personal political views.? They audited the bank for two years, and found that it did nothing wrong. The media falsely accused me of being guilty of what the audit exonerated me of, and destroyed the ability of the bank to operate︀ profitably. So i found a highly qualified company to buy the bank, so it could︁ be re-branded, but the OCIF commissioner changed her mind, and put the bank into receivership︂ rather than approve a sale she originally supported. On top of that I had no︃ role in the operation of the bank. I was not an officer, or even an︄ employee. I was a shareholder and board member only. When the bank went into receivership︅ there was more than enough cash on its balance sheet to make all creditors whole,︆ including all depositors.
Peter, I am not going to get in an argument with you. The last time I did that the moderators banned me for a month.
I am talking to the victims only: you are only hearing Peter Schiff's side of the story. So quit believing everything you hear. I do not believe Peter Schiff can be trusted. For example, he attacked Bitcoin for 12+ years and is now selling NFT's.
And I hope the moderators don't ban me again. I am not saying anything mean or nasty. Thank you.
I am talking to the victims only: you are only hearing Peter Schiff's side of the story. So quit believing everything you hear. I do not believe Peter Schiff can be trusted. For example, he attacked Bitcoin for 12+ years and is now selling NFT's.
And I hope the moderators don't ban me again. I am not saying anything mean or nasty. Thank you.
No, we banned for you derailing the thread by posting off-topic messages and provoking users (trolling). As long as you contribute meaningfully and appropriately to the topic at hand, you have nothing to worry about.
If you want to debate the merits of Peter Schiff's stance on crypto, that's better taken in another thread, so that this one can remain focused on updates and discussions around EuroPacific Bank and its ongoing situation.
If you want to debate the merits of Peter Schiff's stance on crypto, that's better taken in another thread, so that this one can remain focused on updates and discussions around EuroPacific Bank and its ongoing situation.
Peter,
To have a collective lawsuit against OCIF, we need to have an evidence any kind, that you have offered all the possible options to the Commissioner to protect customer's savings without using Receiver at all, which was the worst option by all means. Otherwise it will be not easy to start any legal case against OCIF & Receiver. I just need a simple answer either “YES or No“ from your side at this stage.
PS. Euro Pacific had about 8,000 depositors from around the world and held $140 million in deposits.
To have a collective lawsuit against OCIF, we need to have an evidence any kind, that you have offered all the possible options to the Commissioner to protect customer's savings without using Receiver at all, which was the worst option by all means. Otherwise it will be not easy to start any legal case against OCIF & Receiver. I just need a simple answer either “YES or No“ from your side at this stage.
PS. Euro Pacific had about 8,000 depositors from around the world and held $140 million in deposits.
Peter would be the one who could testify about all the options he offered to the Commissioner which would have been so much better for the customers.
I think the︀ amount of money that was deposited in EPB at the time it was closed is︁ half of that. The bank lost a lot of customers after the 60 Minutes Australia︂ allegations were made public.
I think the︀ amount of money that was deposited in EPB at the time it was closed is︁ half of that. The bank lost a lot of customers after the 60 Minutes Australia︂ allegations were made public.
Yes, I have plenty of evidence, and will︀ testify. I put $10 million of capital into the bank to protect customers, and lost︁ every penny. I offered to put in more, but first the Commissioner first told me︂ that i didn't have to, then later refused to let me. Qenta was going to︃ put in $7 million more, which was millions more than was legally required, but she︄ refused to allow the sale. The Commissioner wanted to put the bank into receivership, even︅ though receivership was completely unnecessary given the financial position of the bank. She chose to︆ appoint a receiver with zero banking experience.
Also, why put a bank into receivership when︇ the owner is willing to add the necessary capital, or it a qualified buyer is︈ willing to do it. Plus, the press conference with the IRS/J5 was completely unnecessary, and︉ resulted in the Portugese Govt. freeze. Then the commissioner dragged her feet on getting the︊ Portugese government to lift it. She knew for many months that the freeze was the︋ result of the false impression she created with her unnecessary press conference. She allowed the︌ IRS/J5 to act as if the Atlantis investigation was a success. It was a complete︍ failure. The IRS did not find a single example of an account that was used︎ for money laundering or tax evasion. It also found that the bank made a concerted️ effort to prevent such activities from taking place at the bank. The Commissioner could have made that cleat to the Portugese government, but refused to do so. I believe the Commissioner ldid not want to publicly say, or put anything in writing that helped my defamation lawsuit in Australia.
Also, why put a bank into receivership when︇ the owner is willing to add the necessary capital, or it a qualified buyer is︈ willing to do it. Plus, the press conference with the IRS/J5 was completely unnecessary, and︉ resulted in the Portugese Govt. freeze. Then the commissioner dragged her feet on getting the︊ Portugese government to lift it. She knew for many months that the freeze was the︋ result of the false impression she created with her unnecessary press conference. She allowed the︌ IRS/J5 to act as if the Atlantis investigation was a success. It was a complete︍ failure. The IRS did not find a single example of an account that was used︎ for money laundering or tax evasion. It also found that the bank made a concerted️ effort to prevent such activities from taking place at the bank. The Commissioner could have made that cleat to the Portugese government, but refused to do so. I believe the Commissioner ldid not want to publicly say, or put anything in writing that helped my defamation lawsuit in Australia.
https://qenta-rgts-public.s3.us-wes...3+EPIB+Trustee+Case+Progress+Report_Final.pdf communication we were all looking for I guess.
At least we finally have a planning with some dates. Let's see the first milestone if they stick to it.
Yep. Just read the document. Finally some communication with hard dates. I think most of us are opting out so the end of October 2023 maybe we get our money back. Just informed some friends where I borrowed money to pay for my bills that they also get their money back. Fingers crossed.
So 45 days from June 15th, we will see.
This is the interesting part.
"Under the present circumstances and given the delays and inability to conclude the liquidation process commenced in August 2022, on the terms provided in the Voluntary Liquidation Plan, EPB jointly with the GFST have determined to modify and revert to the alternative procedural provisions detailed in the Consent Order and work on an amended Plan of Liquidation that should cure those issues experienced to this date."︀
I guess we will know about the new amended Plan of Liquidation soon, and let's︁ see if Novo bank transfers the funds this time around.
This is the interesting part.
"Under the present circumstances and given the delays and inability to conclude the liquidation process commenced in August 2022, on the terms provided in the Voluntary Liquidation Plan, EPB jointly with the GFST have determined to modify and revert to the alternative procedural provisions detailed in the Consent Order and work on an amended Plan of Liquidation that should cure those issues experienced to this date."︀
I guess we will know about the new amended Plan of Liquidation soon, and let's︁ see if Novo bank transfers the funds this time around.
Unfortunately YES, there are a lot of IFs that need to happen for us to get our money back, it's hard to have faith on any of this knowing all the problems that have come along since the bank was closed. I will try to be positive and hope that Novo bank transfers the money, that's everything here, everything else is paperwork.
This is the first I am hearing about an amended︁ plan.
Actually its not really amended. I checked with Qetna. Its basically the same︂ plane we had from the beginning. The amendment basically acknowledges that its taking much longer︃ to complete the process than initially thought, and so a few more steps that were︄ not anticipated are now required.
Actually its not really amended. I checked with Qetna. Its basically the same︂ plane we had from the beginning. The amendment basically acknowledges that its taking much longer︃ to complete the process than initially thought, and so a few more steps that were︄ not anticipated are now required.
Qenta not Qetna to be precise,
https://www.qenta.com/
A question, is it better to be now opt-out or opt-in ( migration to Qenta) and can one still change this one to either direction .
https://www.qenta.com/
A question, is it better to be now opt-out or opt-in ( migration to Qenta) and can one still change this one to either direction .
Based on the information it would appear that customers opting-in will get the money sooner, although nothing is guaranteed at this moment.
Customers option-out have a deadline of October 30th, I imagine the Receiver needs time to process all the wire transfers to those that are opting-out.
At least this is how I read the information.
I would send a message to the bank and you can︀ ask them if you can still change your mind.
Customers option-out have a deadline of October 30th, I imagine the Receiver needs time to process all the wire transfers to those that are opting-out.
At least this is how I read the information.
I would send a message to the bank and you can︀ ask them if you can still change your mind.
Thanks Radko,
Global financial services technology company headquarter in the United States (“GFST”)
I have just studied a few lines about the Qenta and now we have GFST, you cannot find any online data about this organization.
Qenta has a few offices even in Europe, why this sudden change.
Global financial services technology company headquarter in the United States (“GFST”)
I have just studied a few lines about the Qenta and now we have GFST, you cannot find any online data about this organization.
Qenta has a few offices even in Europe, why this sudden change.
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