Yes, she could have done that, I agree. I also agree that she should have done that. But I don't known the type of pressure the IRS put on her. Also,︀ to protect customers from a lengthy liquidation I agreed to waive my right to sue︁ OCIF. So that may be a problem to my bringing a lawsuit against OCIF. But︂ it's also possible that's OCIF's fraud could be a way to get around that. Had︃ I known about the secret deal made with the IRS back in March of 2022︄ to announce the sale of the bank the months later, to frame the bank for︅ tax evasion and money laundering as a PR stunt for the J5, I never would︆ have waived that right. But I never waived my right to sue the IRS. So︇ that's what I am looking into now.
Euro Pacific bank is a scam
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But you agreed to that under the promise that customers would get the money back within 3 months, or something like that. And also based on what you new back them, there's been a few developments since.
I just think it would be easier, meaning having a better chance against both, the Commissioner and the IRS agent, as both of them colluded to close the bank a few months earlier.︀
For sure closing a bank alleging that this one was insolvent when it wasn't, offers︁ plenty of grounds for a lawsuit.
If the lawsuit doesn't hurt the liquidation process, I'm︂ all for it.
I just think it would be easier, meaning having a better chance against both, the Commissioner and the IRS agent, as both of them colluded to close the bank a few months earlier.︀
For sure closing a bank alleging that this one was insolvent when it wasn't, offers︁ plenty of grounds for a lawsuit.
If the lawsuit doesn't hurt the liquidation process, I'm︂ all for it.
Hi Arjen
I'm interested to know how it would improve my situation to join this group ?︀ I't diffucult for me to see what action can be taken at this point? can︁ you explain ? As I see it the Receiver is doing his job (albeit slowly/︂ and milking the cow) the process can hardly be speeded up by a lawsuit ?....︃ the process can not be stopped as I see it . Once the liquidation process︄ is over people will get money, lawsuit or not....Please enlighten me if you see a︅ different way forward.
I'm interested to know how it would improve my situation to join this group ?︀ I't diffucult for me to see what action can be taken at this point? can︁ you explain ? As I see it the Receiver is doing his job (albeit slowly/︂ and milking the cow) the process can hardly be speeded up by a lawsuit ?....︃ the process can not be stopped as I see it . Once the liquidation process︄ is over people will get money, lawsuit or not....Please enlighten me if you see a︅ different way forward.
You have to follow the rules where you choose to operate your bank. It is not for the rules to follow your banking model unfortunately. Otherwise operating in another jurisdiction that suits your banking model would have been a much wiser choice.
We followed the rules. We did everything regulators asked us to do. The IRS wanted the bank shut down, so OCIF looked for a pretense to justify its actions. But for the interference of the IRS sale of the bank to Qenta would have been approved. But for the IRS leaking the grand jury investigation, there would︀ have been no need for me to sell the bank in the first place.
From the above, we know that they have screwed up many of our lives. I︁ think if you file a lawsuit, maybe the case will move forward. They are guilty,︂ everyone knows it. How long will we stay in the same place... it's been 2︃ years now. We can wait another 2 or more or do something. For me, this︄ is a corrupt activity and the goal is to appropriate as much capital as possible︅ under the guise of liquidating a bank that did not require it. They should be︆ responsible financially for this and pay compensation to the bank, its shareholders and the bank's︇ clients for the inability to use capital. Many companies, including mine, went bankrupt.
Did your company really go bankrupt as a result of losing access︂ to your EP bank account? If so, please prove me with more details. email [email protected].
Is this a competition? 😀 I have about $50 in all my bank accounts combined, even less in cash and the Government quadrupled my taxes while the US added an extra 30% from their side plus inflation last year was also above 30% (this year is only around 15%). I canceled anything non essential like my health care plan I had for 10 years so that I could keep on going. I could really use my savings that I put away for a rainy day cause it feels︀ like the storm has arrived.
Can anyone here beat that 🙂 ?
Can anyone here beat that 🙂 ?
The same Receiver for EPB was also appointed as receiver of First Finance, another PR bank that was put into receivership a few months after EPB. None of those customers have received any of their deposits back either. The same guy with no banking experience, put in charge of liquidating two banks at the same time. Maybe the only reason both banks are in receivership is so deposits can be stolen. Maybe the Receiver and OCIF insiders are embezzle the deposits, and no one cares as none of the customers live in Puerto Rico.
Are you talking about this bank: firstfinancebank.com ?
There is no information on their webpage that they have been put into receivership.
But the registration is closed.
If that's the bank you're talking about, at least communication is a bit better for us. We get useless announcements from the receiver from time to time.
There is no information on their webpage that they have been put into receivership.
But the registration is closed.
If that's the bank you're talking about, at least communication is a bit better for us. We get useless announcements from the receiver from time to time.
I don't know. Its certainly possible. There was no legitimate reason to put Euro Pacific Bank into receivership. There was no legitimate reason to reject the sale to Qenta. So either it was all part of the PR stunt to make the bank look bad and the J5 look good, or there was some other hidden purpose. The one thing I know for sure is the official reason given for the action against the bank was a lie.
My conspiracy theory is that without the receivership the HMRC would not have been able to obtain the client list of EPB legally, so it was necessary. I've sent a FOIA to the HRMC so we will hopefully see who gave them the data.
If that is the only reason, then the receiver just got lucky to be handed this honey pot. There is no legitimate reason that I can think of that tis taking the receiver so long to return customer deposits. This should have been the simplest and quickest bank liquidation of all time. No loans, no debt. Just cash sitting in bank accounts.
OK, but I︃ do not think that list was provided by the receiver. I think it was shared︄ with the HMRC by the IRS. let me know what information you on cover if︅ any. The IRS has covered up its role in this crime by also violating FOIA︆ laws here by not turning over or illegally redacting the documents that are responsive to︇ my request.
OK, but I︃ do not think that list was provided by the receiver. I think it was shared︄ with the HMRC by the IRS. let me know what information you on cover if︅ any. The IRS has covered up its role in this crime by also violating FOIA︆ laws here by not turning over or illegally redacting the documents that are responsive to︇ my request.
Peter, you either do something about it or you try to put it behind you, fight or forget about it, staying in︀ between is what kills you.
Talk to your lawyer and see if there's a case︁ against OCIF/IRS given everything that you know now. You have nothing else to lose at︂ this point.
Talk to your lawyer and see if there's a case︁ against OCIF/IRS given everything that you know now. You have nothing else to lose at︂ this point.
I have hired multiple law firms already. I am hoping to be able to file. But there are some legal obstacles to bringing my claim, which have nothing do to with the facts that the IRS and OCIF acted illegally. I can already prove that even without the additional incriminating evidence I will get if the courts allow my lawsuit to proceed.
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