Euro Pacific bank is a scam
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The bank lost tis Fed account as we did not get our financial done in time. That's because the auditor quit after the J5 investigation was exposed by the media.︀ Qenta would have gotten it back. But there were other qualified buyer. The OCIF Commissioner︁ refused to allow the bank to be bought. That is not what the IRS wanted.︂ The J5 needed the bank shut down so it would have a "success" to show︃ for all the taxpayer money they wasted.
Thank you for the reply.
As i read the latest reports from the reciever he has taken there was about 113 million USD that the reciever needed to get back from different sources. As of the latest report he has retrieved about 112 million USD.
I am just wondering if these numbers sound about the amount owed to the depositors?
As i read the latest reports from the reciever he has taken there was about 113 million USD that the reciever needed to get back from different sources. As of the latest report he has retrieved about 112 million USD.
I am just wondering if these numbers sound about the amount owed to the depositors?
With all respect no I totally disagree. Its not the job of a depositor to sue anybody. The bank has to have a proper management and should function properly - this was not the case here
Because I own the bank. I know what happened. I also know all the lies the Commissioner told to create a pretense to reject the sale to Qenta and put the bank into receivership. Plus, I got the reply to my FOIA request that showed OCIF and the IRS planned the conference to announce the closure of the bank over three months in advance. But during those three months OCIF continued to represent to the bank and Qenta that the sale was still on track for approval. Also not once did it inform the bank that its capital was too low to operate, and that︀ additional capital was needed. I now have a lawsuit against the IRS to compel them︁ to provide the rest of the documents that further reveal the conspiracy, as the IRS︂ had refused to produce them.
No, the lawsuit is against the IRS to force them to turn over documents that I am entitled to under the FOIA. The IRS is not involved in the liquidation of the bank. The IRS only "convinced" the OCIF Commissioner to liquidate the bank, rather than to allow the planned sale to Qenta. But once the bank was actually put into receivership, I assume the IRS moved on. But I won't know for sure until I get all the documents. What I do know for sure is but for the interference of the IRS on behalf of the J5, the planned sale to Qenta would︀ have gone through. So no customers funds would have been tied up for even one︁ second. The IRS/J5 investigation found no evidence of money laundering or tax evasion. So they︂ got the OCIF Commissioner to shut down the bank so they could pretend the bank︃ was guilty and take credit for helping to close it down. The OCIF Commissioner used︄ low capital as an excuse. But seven months before she shut down the bank, I︅ offered to inject $7 million in capital, which was millions more than the shortfall, bur︆ the Commissioner told me not to. She said the bank's capital was fine to operate︇ until the Qetna sale went through, at which time Qenta would add the additional capital︈ needed. After she said that no one from OCIF ever mentioned the bank's capital until︉ the surprise shut-down for low capital. Even after the shutdown for low capital I offered︊ to add the additional capital to keep the bank operating for the benefit of customers,︋ but the Commissioner refused.
please stop this nonsense even in the official IRS paper it cleary states that several european countries lead investigations for tax evasions against EPB clients! And please stop telling the same story again and again.
Those stories are BS. That's part of the hoax to pretend Euro Pacific Bank was quilty of money laundering and tax evasion. During the defamation case that I won against 6o Minutes Australia and the Age, they were asked to name one person who Euro Pacific Bank helped launder money or evade taxes. They could not name one, despite having accused the bank of helping︀ hundreds. Why can't you believe that government tax officials lie and commit fraud. The most︁ corrupt people work for governments. Now Im sure of the more than 10,000 people who︂ had accounts at EPB over the years, a few cheated on their taxes. But that's︃ true of every bank in the world. My guess is the incidence of tax evasion︄ among Euro Pacific Bank customers was lower than for offshore banks in general, and probably︅ most onshore banks as well. Our KYC and AML was far stricter than industry norms.︆
Nobody is forcing you to read. People have been silenced. There’s no need to have that here. Everyone shares their opinion and everyone will be richer by reading.
By the way saying that someone is guilty because they were investigated is nonsense. One of my relatives was investigated and imprisoned in the Uk for terrorism because he wanted to buy a house in the US. That was his crime, and being brown. I only know this because I was involved in proving he was not a terrorist. So some people aren’t as confident in the nobility and lawful nature of these government agencies as you︀ are. You know I wonder why they need to know everything about everyone but we︁ can know nothing when they investigate us. Makes you think…
By the way saying that someone is guilty because they were investigated is nonsense. One of my relatives was investigated and imprisoned in the Uk for terrorism because he wanted to buy a house in the US. That was his crime, and being brown. I only know this because I was involved in proving he was not a terrorist. So some people aren’t as confident in the nobility and lawful nature of these government agencies as you︀ are. You know I wonder why they need to know everything about everyone but we︁ can know nothing when they investigate us. Makes you think…
Mr Schiff repeats and repeats the same story, he wants to portry himself a victim but his reckless behaviour came
at the expense of the depositors...
at the expense of the depositors...
I am a victim. I am the single largest victim. I lost tens of millions of dollars. Maybe hundreds. Customers will eventually get most of their money back. They are victims too. Neither I nor anyone at the bank behaved recklessly. The IRS, OCIF Commissioners, and "journalist" were reckless. The only thing I did was publicly criticize excessive government taxation and regulation. I guess you can call that reckless if you want. But we were not reckless with customer's deposits. We didn't even loan any of them out. When it came to safeguarding customer's deposits I owned the least reckless bank in the world. We︀ just could not safeguard them from corrupt government officials.
I guess many of us are tired to read about conspiracies about who is to blame. What we should focus on instead is: where is the money? what is still missing to finalize the issues? how long is all that still going to take realistically? By the way: nice to have Peter back to the conversation. One question to you Peter: the funds of the customers seem to have been shifted to different places. what about the Gold and Silver Holdings? Did those left Singapore in meanwhile as well, or having been sold without the consent of the customers?
All the cash in now under the control of the receiver and Qenta. I have no idea what is holding up the return. I've asked but have not been given an answer. All the gold was transferred to Qenta a long time ago. I have no idea if they still hold it, or if its been sold and hedged. I've asked but again did not received an answer.
There is nothing left to investigated. The bank was already investigated more than any other bank, especially for its size. They were desperate to find something that the bank did wrong. They found nothing. That's why the OCIF Commissioner had to come up with the insolvency pretense and long history of non-compliance.
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