Euro Pacific bank is a scam
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Don't you think the plan will be available at Legal Documents | EPB Bank when OCIF's approval of︀ the plan is done ?
That is why I had to do a screenshot to put the content here. Only copying is password protected by the IRS.
Hi Peter, thank you for sharing all the information that you know.
I wanted to ask you if you think there is a possibility that Qenta will, for whatever reason, not give the money to the opt-in customers? According to you they have paid 1.25 million for the opt-in︀ accounts, and to be honest I doubt that anyone will stay with Qenta. They have︁ zero investment products, they are just a tech company that only allows customers to have︂ their funds in Gold, and nothing else.
So no one in their right mind will︃ stay with Qenta, they are going to make nothing out of this, and that's why︄ I fear that opt-in customers can face potential problems when trying to get their money︅ out of Qenta.
Any thoughts Peter? Thanks.
Qenta sent an email to Opt-in customers a︉ few months ago, they said that they have zero involvement in the liquidation of EPB,︊ and that until the Receiver finishes with the liquidation they can't do anything.
Basically they︋ just put all the responsibility on the Receiver.
And, until the liquidation plan has been︌ approved by the Commissioner of the OCIF, nothing will happen.
I wanted to ask you if you think there is a possibility that Qenta will, for whatever reason, not give the money to the opt-in customers? According to you they have paid 1.25 million for the opt-in︀ accounts, and to be honest I doubt that anyone will stay with Qenta. They have︁ zero investment products, they are just a tech company that only allows customers to have︂ their funds in Gold, and nothing else.
So no one in their right mind will︃ stay with Qenta, they are going to make nothing out of this, and that's why︄ I fear that opt-in customers can face potential problems when trying to get their money︅ out of Qenta.
Any thoughts Peter? Thanks.
Qenta sent an email to Opt-in customers a︉ few months ago, they said that they have zero involvement in the liquidation of EPB,︊ and that until the Receiver finishes with the liquidation they can't do anything.
Basically they︋ just put all the responsibility on the Receiver.
And, until the liquidation plan has been︌ approved by the Commissioner of the OCIF, nothing will happen.
there is a risk to stay with Qenta. Wit this deal they made a massive loss. Also of concern is that they are UNREGULATED...
OCIF approved Quenta. Their a*s would be on the line if Quenta failed to deliver what was promised.
Of course, no one should stay with Qenta, it would be crazy! That's why I see potential problems trying to get the money out of Qenta.
But Opt-in customers were told that "as soon as the funds are available, they could transfer their money out of Qenta if they wanted to", BUT... I find it difficult to believe that Qenta will comply and lose all that money after they have paid 1.25 million to get those accounts.
I guess time will tell, but given all the information that has been shared︀ here, Qenta and its CEO are not to be trusted.
Does anyone understand this? The︁ Receiver says that there is money deposited in other correspondent banks and entities, but he︂ also says that he has received 23.7 million from Novo Bank.
So does anyone have︃ any idea which are the other Correspondent banks that are still subject to liquidation? I︄ thought Novo was the only correspondent bank that EPB had.
But Opt-in customers were told that "as soon as the funds are available, they could transfer their money out of Qenta if they wanted to", BUT... I find it difficult to believe that Qenta will comply and lose all that money after they have paid 1.25 million to get those accounts.
I guess time will tell, but given all the information that has been shared︀ here, Qenta and its CEO are not to be trusted.
Does anyone understand this? The︁ Receiver says that there is money deposited in other correspondent banks and entities, but he︂ also says that he has received 23.7 million from Novo Bank.
So does anyone have︃ any idea which are the other Correspondent banks that are still subject to liquidation? I︄ thought Novo was the only correspondent bank that EPB had.
They had a JPY account at Mizuho Bank in Japan that was never closed down when bank was active. It could be this account they were referring to.
https://files.europacbank.com/docs/EPB_MT103.pdf
https://files.europacbank.com/docs/EPB_MT103.pdf
Yes it is the for sure the Mizuho acc.
closing this account would really take time, effort a good local law firm and money
closing this account would really take time, effort a good local law firm and money
As an OPT IN (they chose for me because i wanted to be OPT OUT) I have never been contacted by Qenta...
We had live group chats with Quenta at the beginning when it seemed that things will be smooth, but not since then.
Anyway there's no point in worrying about them when we are not even there yet.
Who knows how much money and time Lugo will spend to get back the last chunk of the goods. It will probably cost more then what was deposited there.
Anyway there's no point in worrying about them when we are not even there yet.
Who knows how much money and time Lugo will spend to get back the last chunk of the goods. It will probably cost more then what was deposited there.
Do anyone know if there is an email address for Qenta where to ask info about their stance at the moment?
you guys are wrong: This is taken from the Qenta call in Q3 2022
1) It has nothing to do with Mizuho. There was almost nothing there (less than USD 3,000 equivalent) when Cease and Desist Order
2) Qenta is also just dragging this out. They are taking the interest rate earnings to make sure they are compensated for any upfront "buying opt︀ in" customers
this forum is full of wild theories. back to the facts guys!
1) It has nothing to do with Mizuho. There was almost nothing there (less than USD 3,000 equivalent) when Cease and Desist Order
2) Qenta is also just dragging this out. They are taking the interest rate earnings to make sure they are compensated for any upfront "buying opt︀ in" customers
this forum is full of wild theories. back to the facts guys!
Well I cant find the missing amount in that chart, but based on my calculation in June 30th 2022 Novo had $21,460,833.04 of EPB's cash, of which $23,733,530 was taken by the receiver.
By the way according to Copilot/Chatgpt if the original amount gained interest according to the Fed rate then by june of 2024 we should have had a total of: 23,144,366.12 . If it was kept in EUR it would have been less.
Or perhaps this table is not accurate...
By the way according to Copilot/Chatgpt if the original amount gained interest according to the Fed rate then by june of 2024 we should have had a total of: 23,144,366.12 . If it was kept in EUR it would have been less.
Or perhaps this table is not accurate...
if a correspondent account is frozen by government order EPB would not be entitled to any interest from NOVO...
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