Euro Pacific bank is a scam
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FDIC would have never accepted EPB as a member anyway. Compare it with the Flowbank liquidation, everyone had his deposits below 100,000 CHF in a matter of 3 weeks.
FINMA is probably not bankrupt which is a big difference. Also Flowbank was allowed to increase its captial to avoid bankrupcy. I guess if we take the story of EPB into account that might have been a lie and they were forced into receivership just like everyone else.
You are grossly misinformed. No one is corrupt here, they are just not competent. This corruption saga is just a made up story from PS.
And Flowbank was not allowed to increase capital. FINMA and the Deposit Protection scheme are different entities. FDIC has nothing to do with OCIF and vice versa.
And Flowbank was not allowed to increase capital. FINMA and the Deposit Protection scheme are different entities. FDIC has nothing to do with OCIF and vice versa.
If Qenta has received the opt-in assets from EPB as Peter said, can any opt-in customers confirm that Qenta has communicated [receiving of assets] to them or better still have they received access to their assets on the platform?
P. S I am just asking out of an abundance of caution as CEO has been involved so far with three companies that have gone bankrupt in last 2 years that we know off so far. I also have not seen any audited financials to alleviate ones concerns ca#"!.
P. S I am just asking out of an abundance of caution as CEO has been involved so far with three companies that have gone bankrupt in last 2 years that we know off so far. I also have not seen any audited financials to alleviate ones concerns ca#"!.
@SCHLOSSFINANZ They are corrupt. Name one more bank that got dragged through the mud by an army of reporters in at least three continents while never being charged with anything.
@Martin Everson Quenta did not contact me regarding anything including my assets they should now be in possession of. I doubt that Quenta is allowed to confirm or deny if they have the assets or not.
@Martin Everson Quenta did not contact me regarding anything including my assets they should now be in possession of. I doubt that Quenta is allowed to confirm or deny if they have the assets or not.
I don't believe there are audited financials. Also I was not able to independently verify that they are regulated anywhere.
Countless banks have been closed by OFIC in the last 2 years. The most prominent is Bancredito Bank which also got a lot of media attention.
Countless banks have been closed by OFIC in the last 2 years. The most prominent is Bancredito Bank which also got a lot of media attention.
Well I remember reading something to that effect in the liquidation papers. If Lugo can't say then neither can Quenta, probably.
2nd of August 2024: Novo bank has released all money and they have been sent to the receiver (to Axos bank): https://epbprliquidation.com/wp-con...Receiver-Report-on-Work-Performed-Q2-2024.pdf - first line on page 4.
Good news. Does anyone now if OCIF accepted the liquidation plan? It will be difficult to move forward without that, however hiring Edge Legal LLC implies they are close to the finish line.
I think maybe early next year could work.
I think maybe early next year could work.
They don't have "all" of the funds. A couple of million is still missing.
As far as I am aware no distribution has began.
There's also no evidence that the liquidation plan has been approved by OCIF.
As far as I am aware no distribution has began.
There's also no evidence that the liquidation plan has been approved by OCIF.
https://docs.pr.gov/files/OCIF/LEY-TRANSPARENCIA/2023/Informe Mensual Ley Núm. 141-2019 - Julio.pdflast page:
16th of July: (google translated): Documents related to the liquidation process of Euro Pacific Intl. Bank were sent to OCIF
OCIF to respond by the 15th of August
how do you know a "couple of millions are missing"?
16th of July: (google translated): Documents related to the liquidation process of Euro Pacific Intl. Bank were sent to OCIF
OCIF to respond by the 15th of August
how do you know a "couple of millions are missing"?
Look at the last two reports. Before Novo transfer $24,669,844 was missing. With Novo's $23,733,530 we have about a mill missing.
I didn't remember the exact number hence I said couple.
I didn't remember the exact number hence I said couple.
Has anyone called the receiver´s office and asked when we can expect this liquidation plan to be presented to customers?
Contact Us | Lugo Mender Group LLC : Tel: +1 787-707-0404
According to his reports, the receiver has 2 employees working on this : one of them is Mylen Guarde
We should be ready soon given:
1) The tiny amount "missing" (dont think it is missing, probably has just been at epb broker account)
2) The receiver mentions in his last report that in July he hired EDGE Legal: Empowering Success through Legal Excellence to help him with the liquidation
would appreciate if someone takes the lead and call Lugo Mender office
Contact Us | Lugo Mender Group LLC : Tel: +1 787-707-0404
According to his reports, the receiver has 2 employees working on this : one of them is Mylen Guarde
We should be ready soon given:
1) The tiny amount "missing" (dont think it is missing, probably has just been at epb broker account)
2) The receiver mentions in his last report that in July he hired EDGE Legal: Empowering Success through Legal Excellence to help him with the liquidation
would appreciate if someone takes the lead and call Lugo Mender office
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