A lot of customers used your Bank @Pschiff to evade taxes and Launder money. When all of this is over, and if customers get their money back I’m sure the stories related to your bank will continue to show up across media outlets. They’ve already closed your bank and this is not the end︀ of the story. You are the biggest shareholder and only person responsible for this mess.︁ Anything you say will no longer make a difference, the damage has been done. Admit︂ some responsibility for this and find a solution, but don’t continue to deny the obvious,︃ as I am a still a client of yours and my only desire is to︄ end this as soon as possible.
Euro Pacific bank is a scam
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If we had so many customers evading taxes, why didn't the any of the 7︅ governments who investigated the bank for over two years find a single example? For its︆ size, I'd say no bank in the world has been the subject of more investigations︇ for money laundering or tax evasion than mine. Every investigation came up empty. Why do︈ you think a massive criminal investigation didn't result in a single charge being filed against︉ anyone? It's because the bank was completely innocent.
Yes I can make recommendations to the receiver, and complain about what he is doing. But︍ that's about all I can do.
The bank was︊ never marketed as a means of evading taxes. On the contrary, if you had an︋ account you know we asked you to certify that you were complying with all of︌ your local tax laws. Then we had a robust KYC program to make sure that︍ you were. I sold the bank in Nov of 2022. Qenta rejected the sale in︎ June of 2022, and put the bank into receivership. I offered to liquidate the bank️ myself, and return all funds to customers, but OCIF refused. The Commissioner insisted on taking control of the bank away from me, and giving it to the receiver. Prior to that I didn't even run the bank. I was just a shareholder. Mark Anderson was the President. He ran the bank. Bu he died of a heart attack last year, at the age of 64. I believe all the stress that resulted from all the false allegations of money laundering and tax evasion led to that heart attack. You may have temporarily lost access to some of your money. But Mark lost his life. Also,︀ I lost $25 million, so I am an even bigger victim that you are.
Yes I can make recommendations to the receiver, and complain about what he is doing. But︍ that's about all I can do.
The bank was︊ never marketed as a means of evading taxes. On the contrary, if you had an︋ account you know we asked you to certify that you were complying with all of︌ your local tax laws. Then we had a robust KYC program to make sure that︍ you were. I sold the bank in Nov of 2022. Qenta rejected the sale in︎ June of 2022, and put the bank into receivership. I offered to liquidate the bank️ myself, and return all funds to customers, but OCIF refused. The Commissioner insisted on taking control of the bank away from me, and giving it to the receiver. Prior to that I didn't even run the bank. I was just a shareholder. Mark Anderson was the President. He ran the bank. Bu he died of a heart attack last year, at the age of 64. I believe all the stress that resulted from all the false allegations of money laundering and tax evasion led to that heart attack. You may have temporarily lost access to some of your money. But Mark lost his life. Also,︀ I lost $25 million, so I am an even bigger victim that you are.
I understand the meaning of your words above. It's like: chill out, it could be worse. I don't think we should go this way. Each person here feels his case on his own way. The fact that someone lost life due to a heart attack or lost 10% or 30% of net wealth is nothing compared to thousands of similar, innocent cases. We all were in the bus, that︀ was on collission course. Without influence on anything in terms of avoiding the tragedy. There︁ could have been thousands post tragedy victims, that survived the crash. Heart attacks caused by︂ losing home, wife, money, sons, daughters, whatever. There could also be many suicides due to︃ lack of money, too much pressure in life, a lot of stress, unstable ground. We︄ all experience some kind of tragedy here, living in stress, in depression, continously on pills,︅ after the first heart attack and before the second, perhaps the last one, after suicide︆ - no longer present in the modern world. There are cases where the loss is︇ like over 90% of the lost net wealth. All because the bank is the last︈ resort that should fall. Who wuold predict it. Maybe that was it. Bring as many︉ victims to the edge as possible. Keep hands clean and take what's left. There are︊ cases when money = 0, and the house is waiting for sale - formally homeless.︋ Every case is as serious as the survivor can take on his shoulders. Let's not︌ compare.
Yes, I agree. A lot of people have been made to suffer needlessly by government.︋ About half the accounts closed in the two years following all the false allegations made︌ by the media. At least they got out before the government stepped in to finish︍ the job. It's not a question of who lost the most. People just need to︎ stop blaming me for actions over which I had no control, and tried my best️ to prevent.
Peter Schiff will never admit that he is at fault. He is blaming it on politics. That is the same excuse his father used when he was thrown in prison. It's a convenient excuse but it's also a lie.
If you don't get 100% of your money back I think you should pursue legal action against Peter. He said on Twitter his networth is over 80 million USD. So he definitely has the $$$ to cover your losses.
If you don't get 100% of your money back I think you should pursue legal action against Peter. He said on Twitter his networth is over 80 million USD. So he definitely has the $$$ to cover your losses.
No false allegations @Pschiff. My friends and I as customers can support this is not true. We all know this now, I know it, you know it, J5 can’t simply walk into a bank and request all customers statements according to Puerto Rico banking laws, similar to other international laws without evidence. And if they do have evidence they have to request information for a particular customer, similar to Switzerland. It will only be a matter of time though before they do get evidence, and things will turn out a little bit more red for you and a lot of customers. Are you really︀ trying to convince me that J5 were ignorants and simply made a mistake? Do you︁ really believe that? Not having evidence doesn’t mean they were wrong. If not they would︂ have not closed your bank. You had a lot of KYC yes, especially making sure︃ we paid our taxes 🙂. How did you do that exactly? Hey mate are you︄ paying your taxes? Who are you trying to kid? But still you and your bank︅ opened an account for me. A little bit of a contradiction here.
Hey i just︆ realised its July 6th today. Oh and what a surprise, the bank once again hasn’t︇ stuck by their commitment. Their pledge to close the banking services on June 30th, but︈ surprise surprise website it still going hard. Especially now when we need it most. Thank︉ you EPB and Mr Schiff again for those wonderful words and false commitments that seem︊ to fly into thin air. Every day I have more confidence in your words and︋ EPB.
Are you really expecting people to believe @Pschiff that 7 governments looked at all︌ the details of all your cuatomers? Really? They saw my accounts, my balances, my nationality,︍ my residence? If so why was this not communicated to customers??? I’ll tell you why,︎ because those 7 governments you mention never have had access to that customer information. Because️ if they did, you and everyone here know the resulta would have been much more catastrophic for you, your bank and customers. So stop pretending 7 nations did a full investigation on customers, accounts, residency, etc.. Especially when your biggest marketing banner says privacy assured. Puerto rico not part of CRS. We do not exchange information…. Bla bla… your words are contradicting again.
Hey i just︆ realised its July 6th today. Oh and what a surprise, the bank once again hasn’t︇ stuck by their commitment. Their pledge to close the banking services on June 30th, but︈ surprise surprise website it still going hard. Especially now when we need it most. Thank︉ you EPB and Mr Schiff again for those wonderful words and false commitments that seem︊ to fly into thin air. Every day I have more confidence in your words and︋ EPB.
Are you really expecting people to believe @Pschiff that 7 governments looked at all︌ the details of all your cuatomers? Really? They saw my accounts, my balances, my nationality,︍ my residence? If so why was this not communicated to customers??? I’ll tell you why,︎ because those 7 governments you mention never have had access to that customer information. Because️ if they did, you and everyone here know the resulta would have been much more catastrophic for you, your bank and customers. So stop pretending 7 nations did a full investigation on customers, accounts, residency, etc.. Especially when your biggest marketing banner says privacy assured. Puerto rico not part of CRS. We do not exchange information…. Bla bla… your words are contradicting again.
The accounts where accessed pursuant to a Grand Jury subpoena by the U.S. justice department. The bank was required by law to comply with that subpoena. Initially the government wanted information on every account the bank had. The bank's attorney was able to narrow the scope of the investigation to about 2,000︀ customers. The bank supplied the government with over 800,000 pages of documents related to those︁ 2,000 accounts. The information was shared with other J5 countries. It took about two years︂ to complete the investigation. The government found no evidence that the bank or any of︃ those customers did anything wrong. The criminal investigation ended without any charges filed against anyone.︄
Why are we constantly making accusations here instead of searching for a joint solution?
Since Peter is here and we have a direct contact, this is the best place to work together on a solution.
At least we get information that we wouldn't get elsewhere.
But some people only seem to want to make accusations.
It doesn't help any of us to blame anyone. Whatever has happened, has happened. We have to look to the future, not to the past!
Since Peter is here and we have a direct contact, this is the best place to work together on a solution.
At least we get information that we wouldn't get elsewhere.
But some people only seem to want to make accusations.
It doesn't help any of us to blame anyone. Whatever has happened, has happened. We have to look to the future, not to the past!
@Marie Manila no one is stopping you or @spartan7510 from finding a solution. Go ahead, find a solution with @Pschiff, if you think thats a great strategy amd he is so valuable. Let’s not forget a year has gone past and @Pschiff has offered non real solution. Personally I think its a strategy. And I’m for getting together with customers to find that solution, getting a lawyer, and pressure OCIF and the receiver. I don’t think Mr Schiff from his past history is going to offer any solution ever. He only wants to protect his brand. So, yes I totally agree, but not with︀ Mr Sciiff, I think it would be a waste of time. He’s been part of︁ the problem until now and will continue to be.
And btw they are not accusations,︂ they are facts.
And btw they are not accusations,︂ they are facts.
I am not part of the problem.︂ I have had nothing to do with the bank since it went into receivership over︃ a year ago. I don't know why you don't understand that. All OCIF allowed me︄ to do was work with the landlord to terminate the office lease early, sell the︅ bank's furniture, and arrange the sale of the opt ins to Qenta. The sale to︆ Qenta at least gave customers options, and the bank extra capital to further safeguard deposits.︇ The only role I have now is to wait for the receiver to finish the︈ liquidation process, and for him to send me a check for any funds that may︉ remain once the process is complete. Mentally I've already written everything off as I no︊ longer expect to receive anything.
I totally agree︁ with you Marie we need to stop the fighting and work together to get our︂ money back. Unfortunately it's taking longer than I thought in finding a good lawyer who︃ wants to represent EPB customers.
Everyone should keep emailing OCIF , the Regulator outlining your︄ distress and opposing the rumoured bad plans of the Receiver.
[email protected]
Everyone should keep emailing OCIF , the Regulator outlining your︄ distress and opposing the rumoured bad plans of the Receiver.
[email protected]
Thanks @orion7352, I’ve sent a few letters to that email, to the other general one posted in this thread and to the receiver. I will continue sending a few more. Has anyone had any luck getting a response feom OCIF︀ in any way. I know the receiver has never answered to emails or phone calls︁ as a fact, because I have phoned a hundred times and I always get the︂ lady saying the receiver will get back to me. Since EPB sent their first communication︃ the receiver has not returned a single call. I have told OCIF this but I︄ haven’t received a reply either. Anyone received a response from OCIF yet? Thanks
Yeah you sent them all︍ the info on the only 2000 customers that weren’t evading taxes or laundering money.
Yeah you sent them all︍ the info on the only 2000 customers that weren’t evading taxes or laundering money.
This is direct from the IRS website:
“In a recent court case a suspect was convicted to a multi-year prison
sentence. This suspect was sentenced for several different crimes during which he had also used the
bank centered in the Atlantis operation for money laundering. Together with the Netherlands Tax
authority the Atlantis information is being used to stop tax crime. Other investigations︀ against
suspects that held accounts with this bank have recently been started."
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How do︁ you know when Peter Schiff is lying? When his lips are moving.
“In a recent court case a suspect was convicted to a multi-year prison
sentence. This suspect was sentenced for several different crimes during which he had also used the
bank centered in the Atlantis operation for money laundering. Together with the Netherlands Tax
authority the Atlantis information is being used to stop tax crime. Other investigations︀ against
suspects that held accounts with this bank have recently been started."
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How do︁ you know when Peter Schiff is lying? When his lips are moving.
I have no idea who this person is, or if he had an account at my bank. If he did, I doubt he used it for money laundering. Most likely if he was laundering money, he was doing it at another bank. If there was any evidence that anyone at my bank helped this guy, or anyone else launder money, the massive J5 AML investigation of the bank would have picked it up. However that︀ investigation didn't find a single account where the bank helped a customer launder money or︁ evade taxes. You need to realize that the J5 is putting out misleading information to︂ try to pretend that their failed investigation of my bank was a success. Instead they︃ wasted their time and taxpayer money investigating a bank that did an excellent job of︄ preventing money laundering and tax evasion.
No, the government selected the 2,000︎ accounts they wanted to investigate.
No, the government selected the 2,000︎ accounts they wanted to investigate.
Yes, its not the end. The bank never should have︂ been closed. It's government and the media that that were the bad actors, not the︃ bank or anyone who worked for it. Plus ,I've effectively won my defamation lawsuit in︄ Australia, because the media company that falsely accused me of using my bank to help︅ people launder money and evade taxes had no evidence to support that accusation. But its︆ not the end, as the damages part of the lawsuit doesn't happend until late Jan.︇ of 2024. Hopefully in the end the true story of government and media corruption will︈ be widely known.
Thanks. If you︍ would like to submit an affidavit for my defamation lawsuit that you considered closing your︎ EPB account due to how strict the bank's compliance was send an email to [email protected]. 60 Minutes is trying to limit how much they have to pay me for️ falsely accusing me of money laundering and tax evasion. Your affidavit would help prevent them from doing that.
Thanks. If you︍ would like to submit an affidavit for my defamation lawsuit that you considered closing your︎ EPB account due to how strict the bank's compliance was send an email to [email protected]. 60 Minutes is trying to limit how much they have to pay me for️ falsely accusing me of money laundering and tax evasion. Your affidavit would help prevent them from doing that.
The fact that you come on here running your︁ mouth off is an insult to everyone who has been patiently waiting for updates. This︂ is the only place we had anything tangeable and you are trying to screw that︃ up for everyone (who have been patiently waiting the past 10 months)
Secondly your ingorance︄ is clear since you never understood the bank in the first place and jumped straight︅ on to use it for tax evasion purposes (by your own admission) The bank was︆ a reserve bank - 100% customer deposits on hand, no loans, offered physical gold investment︇ which was liquid and fairly easy to access funds. Therefore its risk to exposure from︈ banking crisis in 2008 and systemic collapse was quite low. So no, it was not︉ like other banks which is why many genuine customers chose to put some of thier︊ funds into the bank and diversify our portofolio.
Lastly, you acknowledged that you used the︋ bank for neferious reasons, somehow you are trying to lump all customers in the same︌ boat with claims that the bank facilitated tax evasion. In order to accomplish this, you︍ would have have to provide false information on compliance check and false information on tax︎ returns. Sorry, dont come on here acting like a victim pal, people like you are️ the reason the bank got investigated in the first place.
Secondly your ingorance︄ is clear since you never understood the bank in the first place and jumped straight︅ on to use it for tax evasion purposes (by your own admission) The bank was︆ a reserve bank - 100% customer deposits on hand, no loans, offered physical gold investment︇ which was liquid and fairly easy to access funds. Therefore its risk to exposure from︈ banking crisis in 2008 and systemic collapse was quite low. So no, it was not︉ like other banks which is why many genuine customers chose to put some of thier︊ funds into the bank and diversify our portofolio.
Lastly, you acknowledged that you used the︋ bank for neferious reasons, somehow you are trying to lump all customers in the same︌ boat with claims that the bank facilitated tax evasion. In order to accomplish this, you︍ would have have to provide false information on compliance check and false information on tax︎ returns. Sorry, dont come on here acting like a victim pal, people like you are️ the reason the bank got investigated in the first place.
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