OVZA
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Euro Pacific bank is a scam

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All I can say is please get proper legal advice.

For example here in Switzerland‌ Flowbank is currently liquidated also by lawyers (Walder Wyss( without any prior banking experience.

That is totally normal to wind down you need no prior banking experience. You can use‍ the qualification of the bank staff for that.
 
The bank⁤ staff is gone. It's just the receiver. But there was nothing to wind down. All⁣ that needed to be done was send the cash deposits back to customers. At this⁢ point the bank has no employees, no office, no debt, no equipment, no asset, no︀ loans, nothing. It's basically just a checking account and a receiver. I could have liquidated︁ the bank myself. No receiver was necessary and none was required. In fact, prior to︂ my finding buyers for my bank, the OCIF Commissioner assured me and the bank's lawyer,︃ that if the bank ever had to be liquidated, she would allow the bank to︄ liquidate itself, without the need for a receiver. The IRS got her to change her︅ mind. Many insolvent banks are allowed to self-liquidate without receivers. My bank is likely the︆ first completely solvent bank to ever be put into receivership.
 
Of course⁤ not. It is like saying that an appointed liquidator for HiPhi (a Chinese company in⁣ bankruptcy) must have experience working with Chinese luxury Electrical Vehicles ! (https://www.batterytechonline.com/a...y-ev-companies-that-have-filed-for-bankruptcy)

And of course, when a government authority (OCIF in this case) declares that a company must⁢ be forced to close down citing risk for society (as OCIF did with EPB), it︀ is not a receiver´s job to say: “you know what, I will not liquidate/do the︁ job I am hired to do, I will find a new buyer through current offers︂ so the company can keep going rebranded/with new management”. Of course not. This is basic︃ stuff. And hence of course this is not mentioned in the Cease & Desist order︄ either among the tasks the receiver must do.

In my view, Peter´s best shot against︅ the receiver in his court filing is to prove gross misconduct in his post 30th︆ of June 2022 dealings, maybe through a forensic accounting check of every single spendings the︇ receiver has done.
 
We can do that too.︅ But he owed a duty on day one to resolve the situation to preserve as︆ much value as possible for all creditors, which includes equity holders. They are last in︇ line, but they are still in line. OCIF can not prove the bank posed any︈ threat to customers, other creditors, or Puerto Rico. There is no legal justification for her︉ actions, and there is no justification for the Receiver going along with it. I'm sure︊ he was handpicked by the Commissioner specifically to rubber stamp everything she wanted to do.︋ That's why more qualified candidates were likely not even considered. I would also like to︌ go over the hiring process to see how he got the job. He is currently︍ the receiver of two other banks in Puerto Rico. No funds have been return to︎ customers of any bank he has been put in charge of.
 
Hello, I am lost re: the status of metals that were transferred to the other‌ location. Has there been any update or can someone please point me in the right‍ direction? Thanks.
 
The use of the word "sure" is based on what evidence you currently‍ possess?

So this is just a fishing expedition without⁢ any proof.

Well I guess its America and people can serve you for anything and︀ everything so good luck with this.
 
Not a fishing expatiation. I already posses more than enough hard⁤ evidence to prove my case. But I'm sure I will uncover even more during the⁣ course of the lawsuit to fill in any gaps.
 
I feel that the next scandal will be that some of us won't be contacted,‌ then we'll have to run after them to prove we had an account at EPB,‍ they'll drag their feet like they always did, won't reply to emails...
 
There was no reason for even one customer to lose one penny. There was no‌ reason for one customer to have been denied access to even one penny of their‍ deposits for even one second. Customers have a great class action lawsuit if they want⁠ to file one. Just copy and paste a lot of what's already in my lawsuit.⁤ The shutdown of the bank resulted from an illegal deal between the IRS and OCIF⁣ negotiated on behalf of the J5.
 
Ok lets stick to topic on this thread thx.

P.S Happy new year in advance‌ and hopefully people get their money back next year and not 2030 if legal proceeding‍ throw a spanner in the works.
 
It’s crazy how quiet they got the last weeks. I’m starting to get more concerned‌ than ever. I think it’s really time to do something and not keep quiet watching‍ till we will get our funds back.
 
I have also no idea what‌ really helps. Maybe we should really look for a lawyer.

By the way there was‍ shroud earlier who were collecting people for a solicitor and they got very quiet here,⁠ maybe they know something.
 
You want‌ to find a law firm to take on another law firm on a small banana‍ republic island where everyone probably knows each other?
 
Yeah I know it’s probably not the best solution… but what helps then is?⁠ Visit the receiver and make him clear he needs to speed up the process ?⁤
 
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