Euro Pacific bank is a scam
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That's the million dollar question... well more like two million according to the last report.
Peter if Quenta would have bought EPB it would have stayed and kept operating in Puerto Rico right? There would have been no automatic transfer to their operations on the mainland, right? Pretty sure that would have been a failure for operation Atlantis, if the bank didn't sink. By the way the underwater monuments are slightly west of Cuba so I think they kind of︀ missed the mark with Puerto Rico which is to the East.
Peter if Quenta would have bought EPB it would have stayed and kept operating in Puerto Rico right? There would have been no automatic transfer to their operations on the mainland, right? Pretty sure that would have been a failure for operation Atlantis, if the bank didn't sink. By the way the underwater monuments are slightly west of Cuba so I think they kind of︀ missed the mark with Puerto Rico which is to the East.
The 7 witnesses need to testify if there is a trail against OCIF/Commissioner.
The reasons behind the closing of the bank are irrelevant, what matters is that she closed the bank by using the "insolvency" excuse when all she needed to do is allowed you to put in more capital.
The reasons behind the closing of the bank are irrelevant, what matters is that she closed the bank by using the "insolvency" excuse when all she needed to do is allowed you to put in more capital.
The better solution was to allow the sale to Qenta. They were also required to add the $7 million. Pls they were in a much better position to operate the bank, which is why I tired to sell it to them. Of the other wittness, one was the bank's lawyer, one was Qenta's lawyer, one was the Qenta CEO, and the other three were OCIF employees. Fo now none wants to risk upsetting the OCIF Commissioner. But she will likely be out of office next year, so people will be less afraid to speak up.
why is Qenta the better solution? Has Qenta prior banking experience? Did they ever own a regulated financial service company in a reputable jurisdiction?
a simple Google search shows that 2 companies belonging to Qenta were declared bankrupt
G-Mint Sarl Switzerland:
https://app2.ge.ch/ecohrcinternet/extract?lang=EN&companyOfsUid=CHE-406.674.883
G-Commerce Sarl Switzerland:
https://app2.ge.ch/ecohrcinternet/extract?lang=EN&companyOfsUid=CHE-211.843.050
The office of both companies was a virtual office provider where you can rent a letterbox for 299 CHF monthly.
I believe there are 2 sides of the story. But thats my personal opinion...
a simple Google search shows that 2 companies belonging to Qenta were declared bankrupt
G-Mint Sarl Switzerland:
https://app2.ge.ch/ecohrcinternet/extract?lang=EN&companyOfsUid=CHE-406.674.883
G-Commerce Sarl Switzerland:
https://app2.ge.ch/ecohrcinternet/extract?lang=EN&companyOfsUid=CHE-211.843.050
The office of both companies was a virtual office provider where you can rent a letterbox for 299 CHF monthly.
I believe there are 2 sides of the story. But thats my personal opinion...
Qenta was going to put in $7 million in additional capital and bring on an new, highly experienced management team and board. They were going to rebrand the bank to get out from under the stigma that had been created by the media reports falsely linking the bank to tax evasion and money laundering. Anyone who did not want to have an account with a bank owned by Qenta could have immediately withdrawn their money. So that left all customers with a choice. Bank with Qenta or move their funds to another bank. It was a seamless solution for all parties, including employees, venders, and︀ Puerto Rico.
so Qenta is not licensed in any jurisdiction at the moment? So why do you think are they acceptable ("fit and proper") to be shareholder of a bank? I can now understand the reservation of OCIF a little bit
They had some licenses to process transactions, but they were not a bank. That's why they wanted to buy EPB. They wanted to have a banking license. Plus, they wanted me to work with them on G-coin. OCIF did not have any real reservation. Qenta was far more qualified to own the bank than I was.
And then they gave EPB to a liquidator with no banking experience. OCIF must have had a lot of reservations about that...
Well, one thing real is the money some people don't have anymore for now. It seems for some this had a 'real' impact on personal lives and families, so something is real.
Probably the best approach is to pragmatically try to get back as much as possible, before the lawyers consume it all.
Probably the best approach is to pragmatically try to get back as much as possible, before the lawyers consume it all.
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