OCIF is doing their regulatory job. PS is blaming them, at the end the bank owner and CEO are responsible to run a bank WITHIN the regulatory framework of the respective jurisdiction!
Euro Pacific bank is a scam
- Thread starter sonato
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Following an advice from this forum (a few pages back) I took the move to email the Receiver/Truste ([email protected]) and that's what I've got.
My email:
Hi, good morning.
Thanks for your response.
I tried contacting Qenta on this subject and I'm not happy with their response or the way they are running all this thing.
Back in the day I was told that being an opt-in I would have quicker access to my funds and I believe I was lured into believing that, the way the setup the phone calls and the words they said it was looking like they would make︀ it easier for the opt-in (I remember a number around 47% of the clients were︁ opt-in.
It seems that it was all planned from the beginning (from Qenta side) for︂ the process to not run smoothly.
After this last contact I had with you. I︃ did some research, which I didn't do back then due to lack of experience as︄ well as time to do so, I'm not happy the way Qenta is running their︅ business and it is very hard to find anything about them on the internet, so︆ I do not trust them anymore to be my future receiver.
I found some information︇ they failed to deliver Financial Statements for example (https://news.spacconference.com/202...nvestors-acquisition-i-terminates-qenta-deal/)
As the liquidation process︈ is still ongoing, I believe my funds (as well as most of the other opt-in︉ clients) are still held by the Receiver/Trustee, saying that my question is.
Can I revert︊ my choice and be an opt-out of this situation?
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That's their answer:
Good morning.︋
Thank you for the email. Please be informed that your concern has been forwarded to︌ the trustee. We understand the importance of addressing your issue and appreciate your patience.
We will keep you informed of any updates and progress.
Kind Regards,
EPB Trustee
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I believe if all of us enquire them with some sort of mistrust on Qenta, they︍ can do a move and make it possible to be an opt-out.
My email:
Hi, good morning.
Thanks for your response.
I tried contacting Qenta on this subject and I'm not happy with their response or the way they are running all this thing.
Back in the day I was told that being an opt-in I would have quicker access to my funds and I believe I was lured into believing that, the way the setup the phone calls and the words they said it was looking like they would make︀ it easier for the opt-in (I remember a number around 47% of the clients were︁ opt-in.
It seems that it was all planned from the beginning (from Qenta side) for︂ the process to not run smoothly.
After this last contact I had with you. I︃ did some research, which I didn't do back then due to lack of experience as︄ well as time to do so, I'm not happy the way Qenta is running their︅ business and it is very hard to find anything about them on the internet, so︆ I do not trust them anymore to be my future receiver.
I found some information︇ they failed to deliver Financial Statements for example (https://news.spacconference.com/202...nvestors-acquisition-i-terminates-qenta-deal/)
As the liquidation process︈ is still ongoing, I believe my funds (as well as most of the other opt-in︉ clients) are still held by the Receiver/Trustee, saying that my question is.
Can I revert︊ my choice and be an opt-out of this situation?
------------------------------
That's their answer:
Good morning.︋
Thank you for the email. Please be informed that your concern has been forwarded to︌ the trustee. We understand the importance of addressing your issue and appreciate your patience.
We will keep you informed of any updates and progress.
Kind Regards,
EPB Trustee
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I believe if all of us enquire them with some sort of mistrust on Qenta, they︍ can do a move and make it possible to be an opt-out.
The problem is that the funds for opt-outs (and a some more) are already with Qenta according to the information posted here. That means Qenta will have to transfer it back to the receiver for people switching from opt-in to opt-out. Would they be willing to do that? Do the funds still exist or have they been spent? I think that's a big problem.
Don't ask me. Being telling people to stay away from any bank that does not publish financials. Any bank that wants to know all about your financial details and yet at same time tells you ZERO about their basic financial situation, has no FDIC insurance is only for the VERY brave risk takers or desperate to use.
The fact is people do more due diligence before putting their money in a crypto sh*tcoin than they do︀ before putting their money in an offshore bank in a bankrupt banana republic.
P.S Hopefully︁ people learn from this and hoping everyone gets their money back by 2030.
The fact is people do more due diligence before putting their money in a crypto sh*tcoin than they do︀ before putting their money in an offshore bank in a bankrupt banana republic.
P.S Hopefully︁ people learn from this and hoping everyone gets their money back by 2030.
This be facts "people do more due diligence before putting︁ their money in a crypto sh*tcoin than they do before putting their money in an︂ offshore bank in a bankrupt banana republic." I guess when people here the word bank︃ they feel more safe since normally banks are highly regulated with tons of lincense requirements/compliance︄ audits, etc and also most of the banks will write on their site saying their︅ money is insured to a certain amount
While the moment people here crypto they think︆ is it a scam?
While the moment people here crypto they think︆ is it a scam?
Peter by his own admission said the bank did not have enough regulatory capital above showing bad management of the bank and clients interests.︀ That's why its important to see a banks audited financials and have experienced bank staff.︁
Btw the same rules to apply to full reserve banks as to banks that lend.︂ You don't get to pick and choose which rules you follow...lol.
Wishing everyone a swift︃ return of their funds.
Btw the same rules to apply to full reserve banks as to banks that lend.︂ You don't get to pick and choose which rules you follow...lol.
Wishing everyone a swift︃ return of their funds.
This is clearly not true. Look at the banks that failed in 2023. They were allowed to be sold and uninsured depositors were reimbursed.
Different rules apply based on whether the administration likes you or not. It is completely based on where you fall into the power hierarchy. Some rules apply to some people and sometimes no rules apply to specific people. If we like you, you get benefits, if we dislike you, you get punished.
I agree that if you are a person who is "disliked" you︀ should not give a reason to be punished by the people who dislike you, however︁ you are assuming that these people wouldn't have been able to find or make up︂ other reasons to punish EPB. That's a 100% guess on your part. The J5 made︃ it their goal to kill the bank. They said it themselves. You think you could︄ have fought the J5 just because you followed every regulation? Nosense. EPB was dead the︅ moment the J5 decided to kill it.
Different rules apply based on whether the administration likes you or not. It is completely based on where you fall into the power hierarchy. Some rules apply to some people and sometimes no rules apply to specific people. If we like you, you get benefits, if we dislike you, you get punished.
I agree that if you are a person who is "disliked" you︀ should not give a reason to be punished by the people who dislike you, however︁ you are assuming that these people wouldn't have been able to find or make up︂ other reasons to punish EPB. That's a 100% guess on your part. The J5 made︃ it their goal to kill the bank. They said it themselves. You think you could︄ have fought the J5 just because you followed every regulation? Nosense. EPB was dead the︅ moment the J5 decided to kill it.
no sorry these arguments are not substantive. EPB was not "killed" it was a bank serving high-risk customers which was run poorly with a highly flamboyant shareholder. Countless depositors are subject to investigations.
They were investigated because they were at EPB. The HMRC sent every British account holder a threat but ended up only accusing one. Show me a consumer bank where if you investigate every single customer you won't find at least a few bad apples? Which bank is so in the game that they can tell a criminal from a legit customer before any crime has been comitted?︀ What predictive cristal ball technology does a bank need to use to find such people?︁
Also aren't we forgetting the fact that the IRS investigation ended by them admitting that︂ EPB made no mistake regarding the so called "high-risk customers"?
Not to mention that many︃ banks have been guilty of handling drug money (HSBC, Wells Fargo, Citibank, Bank of America︄ etc) are still operational today. Does that mean that drugdealers and cartels are not considered︅ "high-risk customers" in America?
The one guy who was acused and sentenced by the IRS︆ was a lawyer. I guess lawyers are more high risk than the members of the︇ Mexican drug cartel.
Also aren't we forgetting the fact that the IRS investigation ended by them admitting that︂ EPB made no mistake regarding the so called "high-risk customers"?
Not to mention that many︃ banks have been guilty of handling drug money (HSBC, Wells Fargo, Citibank, Bank of America︄ etc) are still operational today. Does that mean that drugdealers and cartels are not considered︅ "high-risk customers" in America?
The one guy who was acused and sentenced by the IRS︆ was a lawyer. I guess lawyers are more high risk than the members of the︇ Mexican drug cartel.
you are in my humble opinion just another fan of PS who felt for his trap.... sorry it has been repeated over and over again that COUNTLESS clients are investigated, charged while being client at EPB.
A bank needs a ROBUST compliance and needs to ADHERE to local regulation. Plus HIGH REPUTABLE correspondent banking relationships are needed nowadays. Wonder why EPB had Novo Bank? Because ALL OTHER refused to offer correspondent banking services to them!
A bank needs a ROBUST compliance and needs to ADHERE to local regulation. Plus HIGH REPUTABLE correspondent banking relationships are needed nowadays. Wonder why EPB had Novo Bank? Because ALL OTHER refused to offer correspondent banking services to them!
You can believe whatever you want. Your acusations only weaken your position.
I literaly said that PS was responsible for the bad decisions he made. What I disagree with is saying that the IRS, OCIF and Lugo are not responsible for their bad or any of their decisions because all blame should go to PS.
IRS leaked unverified info, PS's fault. OCIF didn't allow︀ to put money in the bank, PS's fault. OCIF didn't allow the sale of the︁ bank, PS's fault. Lugo gave Quenta all our money, PS's fault. The dinosaurs dying, that's︂ right, PS's fault.
How many of those countless EPB clients were charged with anything, and︃ how many were commiting crimes after their accounts were closed? How many of the claims︄ are legititimate and how many were fabricated? Does acusation = guilt? If so then every︅ client of EPB is guilty.
Did EPB use Novo bank before the IRS's baseless global defamatory︉ mass meda campaign that did not result in any legal action began or after? Any︊ bank would have crumbled under such pressure.
I literaly said that PS was responsible for the bad decisions he made. What I disagree with is saying that the IRS, OCIF and Lugo are not responsible for their bad or any of their decisions because all blame should go to PS.
IRS leaked unverified info, PS's fault. OCIF didn't allow︀ to put money in the bank, PS's fault. OCIF didn't allow the sale of the︁ bank, PS's fault. Lugo gave Quenta all our money, PS's fault. The dinosaurs dying, that's︂ right, PS's fault.
How many of those countless EPB clients were charged with anything, and︃ how many were commiting crimes after their accounts were closed? How many of the claims︄ are legititimate and how many were fabricated? Does acusation = guilt? If so then every︅ client of EPB is guilty.
Did EPB use Novo bank before the IRS's baseless global defamatory︉ mass meda campaign that did not result in any legal action began or after? Any︊ bank would have crumbled under such pressure.
Ok calm down. None of this talk is ever gonna change what has happened. You may be upset but what is done is done.
I would focus your energy on getting back money owed to you from receiver for those that opted out. And finding out where your money is actually held for those who opted in to Qenta.
The below that Peter stated is troubling. How did this happen or why?
I would focus your energy on getting back money owed to you from receiver for those that opted out. And finding out where your money is actually held for those who opted in to Qenta.
The below that Peter stated is troubling. How did this happen or why?
4 things:
1) Peter Schiff is an a-hole. Now long gone from this forum after critical questions were presented!
2) Peter Schiff has given wrong info on numerous occasions! Dont trust the guy! Some people pointed this out earlier here using concrete verificable info.
3) The receiver has USD 47 mll (latest report) which is roughly what is owed to Opt-out
4) Who are FUCKED are OPT-IN clients who trusted this garbage company Qenta. Do a check
on Linkedin! half of the people they claim are management on the Qenta page dont work there, never worked there or work for other companies that maybe have the same beneficiary owners! Has anyone bothered to visit any of the Qenta offices and/or︀ looked into this? NOT GOOD NEWS. Some of the offices dont exists etc...TONS OF RED︁ FLAGS
1) Peter Schiff is an a-hole. Now long gone from this forum after critical questions were presented!
2) Peter Schiff has given wrong info on numerous occasions! Dont trust the guy! Some people pointed this out earlier here using concrete verificable info.
3) The receiver has USD 47 mll (latest report) which is roughly what is owed to Opt-out
4) Who are FUCKED are OPT-IN clients who trusted this garbage company Qenta. Do a check
on Linkedin! half of the people they claim are management on the Qenta page dont work there, never worked there or work for other companies that maybe have the same beneficiary owners! Has anyone bothered to visit any of the Qenta offices and/or︀ looked into this? NOT GOOD NEWS. Some of the offices dont exists etc...TONS OF RED︁ FLAGS
That's just your wishful thinking. In which country Is︃ it legal to only pay back half of the debtors?
What makes you believe that︄ they wouldn't use the opt outs money to pay the opt ins?
Who decided to︅ use Quenta? That was Lugo. Who gave Quenta all the money? Again Lugo.
I will︆ find it hilarious if Lugo really gave the opt outs money to Quenta as well.︇
PS was in no position to dictate anything to Lugo or OCIF.
What makes you believe that︄ they wouldn't use the opt outs money to pay the opt ins?
Who decided to︅ use Quenta? That was Lugo. Who gave Quenta all the money? Again Lugo.
I will︆ find it hilarious if Lugo really gave the opt outs money to Quenta as well.︇
PS was in no position to dictate anything to Lugo or OCIF.
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