"The core banking system will stop after June 30, 2023" and the opt-in customers and Qenta are gone and have their fair share. It seems that Qenta was the only one able to push somewhat. Now the opt-outs are the last in line without any communication options (never get an answer to my emails). Also some shady deals with California bank and receiver. The only hope is to get an opportunity to become an opt-in customer with Qenta in time, otherwise it could become a never-ending process.
Euro Pacific bank is a scam
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Those of you that are opting-out should wait until the liquidation report is published at the end of July, then you will find out exactly the arrangements made by the Receiver regarding the return of your funds.
I'm sure you will be able to complain and in case the plan is to mail you a check, which seems crazy to me as that envelope can easily get lost, I'm sure you will be able to arrange a wire transfers from the California bank, or maybe you will be able to have your funds transferred to Qenta, I don't see why you wouldn't be able to︀ opt-in, obviously I would insist on letting you Opt-in, in theory you should get your︁ money back sooner and with less fees, but for now I think it's prudent to︂ wait until we know that Novo bank has released the funds, and we get the︃ liquidation report (I don't think there's anything Peter can do at this stage.)
I'm sure you will be able to complain and in case the plan is to mail you a check, which seems crazy to me as that envelope can easily get lost, I'm sure you will be able to arrange a wire transfers from the California bank, or maybe you will be able to have your funds transferred to Qenta, I don't see why you wouldn't be able to︀ opt-in, obviously I would insist on letting you Opt-in, in theory you should get your︁ money back sooner and with less fees, but for now I think it's prudent to︂ wait until we know that Novo bank has released the funds, and we get the︃ liquidation report (I don't think there's anything Peter can do at this stage.)
Charges that were made to Swift while the funds were tied up that the bank didn't keep up with. For some reason the Receiver refuses to work with Eastnet to make the necessary updates. Qenta told him what he needs to do, and their staff is at his disposal to help, but he refuses to do what needs to be done. He︀ has chosen the slowest, most expensive way to return customer funds. \However. It will work︁ out very well for the Receiver, and he will be able to make a lot︂ more money for himself. I have sent multiple complaint emails to the receiver and copied︃ the OCIF Commissioner that this course is unnecessary, will delay and increase the cost of︄ returning customer funds and the liquidation of the bank. The Commissioner has done nothing. I︅ have also written the receiver that he needs to give the opt-out customers a second︆ change to opt-in, to avoid the delay and added cost, but so far he refuses︇ to do so.
There is nothing︊ I can do. The receiver makes all the decisions. I have no authority to do︋ anything. Trying to help speed up the process has been a complete waste of my︌ time, when the person in charge of the process has a vested interest in slowing︍ it down. The OCIF Commissioner appointed him, when such an appointment was completely unnecessary. I︎ have copied the Commissioner on my written complaints to the receiver to no avail. I️ can only assume the Commissioner doesn't care, or is actually pleased by the delay and added cost. After all, there was a much quicker, less expensive way to liquidate the bank and return customer funds, but she deliberately chose the slowest most expensive way. She also chose to avoid the best solution, which was to allow the seamless sale to Qenta or another buyer that stepped up, but the Commissioner refused to allow any alternative to liquidation through her hand-picked receiver who had zero prior banking experience.
There is nothing︊ I can do. The receiver makes all the decisions. I have no authority to do︋ anything. Trying to help speed up the process has been a complete waste of my︌ time, when the person in charge of the process has a vested interest in slowing︍ it down. The OCIF Commissioner appointed him, when such an appointment was completely unnecessary. I︎ have copied the Commissioner on my written complaints to the receiver to no avail. I️ can only assume the Commissioner doesn't care, or is actually pleased by the delay and added cost. After all, there was a much quicker, less expensive way to liquidate the bank and return customer funds, but she deliberately chose the slowest most expensive way. She also chose to avoid the best solution, which was to allow the seamless sale to Qenta or another buyer that stepped up, but the Commissioner refused to allow any alternative to liquidation through her hand-picked receiver who had zero prior banking experience.
And where do get that Novo Bank has released the funds? No official statement has ever said that the funds deposited at Novo Bank have been released.
I'm not in the side of the Receiver, but until the Receiver tells you in the liquidation report what's going to happen to the Opt-out customers, there's nothing to complain about.
I'm sure the Receiver will not force opt-out customers︀ to accept his scheme, he must find a way to work with you based in︁ your personal circumstances.
I'm not in the side of the Receiver, but until the Receiver tells you in the liquidation report what's going to happen to the Opt-out customers, there's nothing to complain about.
I'm sure the Receiver will not force opt-out customers︀ to accept his scheme, he must find a way to work with you based in︁ your personal circumstances.
What do you mean the funds are back in your account, sorry but you are completely lost.
You cannot see from your account anything related to the Correspondent bank.
The vast majority of the funds are still deposited at Novo Bank in Portugal, the Receiver clearly said it, nothing has been transferred out of Novo, and I guarantee you those funds will not go to your account, they will either go to Qenta or to that bank in California.
You cannot see from your account anything related to the Correspondent bank.
The vast majority of the funds are still deposited at Novo Bank in Portugal, the Receiver clearly said it, nothing has been transferred out of Novo, and I guarantee you those funds will not go to your account, they will either go to Qenta or to that bank in California.
What you are seeing is just an entry in your account, that's most likely a wire transfers that you tried to make a while ago, what I'm talking about is the actual deposits, the cash itself, which is not at EPB.
EPB was using two banks to keep the deposits, one was a bank in Puerto Rico, the other one was Novo bank in Portugal, most of the deposits were with Novo and as of today Novo︀ has NOT released those funds, so the liquidation of EPB and the return of the︁ funds is subject to the recovery of the funds from the Correspondent bank, Novo Bank.︂
According to the update given today by EPB, some of the funds have already been︃ transferred to Qenta for the opt-in customers, I imagine those funds are the ones that︄ were deposited at the bank in Puerto Rico, but until the Receiver is able to︅ recover the funds from Novo, there will not be anything for anyone, as Novo has︆ most of the cash.
Honestly, for all of you who opted-out I would relax and︇ I guarantee you that you will be able to review and reply to the liquidation︈ proposal, you will have 60 days to do that, plenty of time to communicate directly︉ with the Receiver, although most likely it will be through EPB.
I understand that you︊ would like to communicate with the Receiver right now, but I'm sure it will not︋ make any difference until the funds are recovered from Novo and the Receiver publishes the︌ Liquidation Report.
EPB was using two banks to keep the deposits, one was a bank in Puerto Rico, the other one was Novo bank in Portugal, most of the deposits were with Novo and as of today Novo︀ has NOT released those funds, so the liquidation of EPB and the return of the︁ funds is subject to the recovery of the funds from the Correspondent bank, Novo Bank.︂
According to the update given today by EPB, some of the funds have already been︃ transferred to Qenta for the opt-in customers, I imagine those funds are the ones that︄ were deposited at the bank in Puerto Rico, but until the Receiver is able to︅ recover the funds from Novo, there will not be anything for anyone, as Novo has︆ most of the cash.
Honestly, for all of you who opted-out I would relax and︇ I guarantee you that you will be able to review and reply to the liquidation︈ proposal, you will have 60 days to do that, plenty of time to communicate directly︉ with the Receiver, although most likely it will be through EPB.
I understand that you︊ would like to communicate with the Receiver right now, but I'm sure it will not︋ make any difference until the funds are recovered from Novo and the Receiver publishes the︌ Liquidation Report.
You should read the document sent by the Receiver himself the other day, he clearly says "subject to the recovery of the funds from the Correspondent bank."
EPB is just a digital bank, they don't have any cash whatsoever, they've never had the deposits, they must use proper banks such as Novo Bank to keep the funds.
And if and when the funds are released from Novo I guarantee you that those funds will not go to EPB, they will go to another bank.︀
There are two major hurdles ahead of us, one is Novo bank and up to︁ now it has always been a problem, and the other one is the useless Receiver,︂ as no one knows how much is he planning to steal from us (as Peter︃ said, the Receiver is out for himself and he is going to squeeze as much︄ as he can until the very last day.)
Trust me, I'm not used to getting︅ fucked so hard and not being able to do much about it, they have the︆ power, but if these corrupted people end up taking a lot of our money, we︇ should join forces and sue them, Peter already said that he would collaborate if needed.︈
EPB is just a digital bank, they don't have any cash whatsoever, they've never had the deposits, they must use proper banks such as Novo Bank to keep the funds.
And if and when the funds are released from Novo I guarantee you that those funds will not go to EPB, they will go to another bank.︀
There are two major hurdles ahead of us, one is Novo bank and up to︁ now it has always been a problem, and the other one is the useless Receiver,︂ as no one knows how much is he planning to steal from us (as Peter︃ said, the Receiver is out for himself and he is going to squeeze as much︄ as he can until the very last day.)
Trust me, I'm not used to getting︅ fucked so hard and not being able to do much about it, they have the︆ power, but if these corrupted people end up taking a lot of our money, we︇ should join forces and sue them, Peter already said that he would collaborate if needed.︈
Patronizing? I'm explaining to you how things work since you obviously have zero knowledge of banking, and saying that you don't believe the Receiver knows everything is such an ignorante statement to make, he is in charge of the EPB, he is the only one that knows EVERYTHING.
Best of luck, sorry I wasted my time trying to explain things to you.
Best of luck, sorry I wasted my time trying to explain things to you.
Forget about me Orion7353, this forum was created to inform people based on knowledge and facts, not to spread falsehoods based on assumption, go ahead and believe what you want.
Now drop it, we are causing unnecessary notificaciones to other customers.
Now drop it, we are causing unnecessary notificaciones to other customers.
Please both @Radko and @orion7352 STOP right now and get back to topic.
Both of you got a warning point - next time I will BAN you temporary to get you cool down.
I don't want to waste my time on people here who just want their dick to be bigger than the others part.
Smile, make friends, move on guys....
Both of you got a warning point - next time I will BAN you temporary to get you cool down.
I don't want to waste my time on people here who just want their dick to be bigger than the others part.
Smile, make friends, move on guys....
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