Euro Pacific bank is a scam

[Pschiff]

My guess is that the receiver has no⁠ incentive to expedite the process as he is making too much money from it. That⁤ is why I never wanted the bank to go into receivership in the first place.⁣ Before I found multiple buyers for the bank, the OCIF Commissioner assured me and my⁢ lawyer that if I could not find a buyer that she would let me liquidate︀ the bank myself, and not put it into receivership. But the IRS got her to︁ change her mind, as putting the bank into receivership made the bank look bad in︂ the media and allowed the J5 to use that fact in its PR campaign to︃ take credit for helping to shut down a bank that it suspected of facilitating tax︄ evasion and money laundering, and which was the target of its Atlantis Investigation. They also︅ always used the words "had suspected" as they knew from the investigation itself that those︆ suspicions turned out to be unwarranted. But they never acknowledged that fact to anyone.

The reason I needed to sell or liquidate the bank is that I was losing too︇ much money owning it. About $250 - $300K per month. Given my and the bank's︈ reputation for money laundering and tax evasion, there was no way for it to ever︉ be profitable so long I owned it. So I needed to get rid of it.︊

 

[NorthernDutchman]

We need to set priorities and⁠ the best sequence of actions.

 

[NorthernDutchman]

We need to set priorities and the best sequence of actions.
- I would say‌ first let Peter Schiff find out about the suttuation of customers money held by Qenta.‍
- If that’s OK than wait for the completion of the liquidation process.
- Subsequently⁠ customers should get there money and if not, or not a sufficient amount, than start⁤ a law suit against who ever is responsible for this mess.

Peter Schiff is responsible⁣ for the contract made with Qenta and I expect from him that he stays in⁢ touch with them to monitor the progress. An e-mail is not enough, Peter could have︀ at least have a video call with the CEO of Qenta and get everything crystal︁ clear! One of the questions I have is why did EPB moved my status from︂ opt-out to opt-in without prior notification. I found out only after asking later on. Now︃ my money is at risk under the control of a company I didn’t choose.

 

[Pschiff]

The bank's customers were sacrificed by the OCIF Commissioner. They were collateral damage in‍ the conspiracy between her and the IRS to help the J5 look good, by enabling⁠ it to turned its failed Atlantis Investigation of the bank into a fake success. I'm⁤ still not sure if this was also a favor to Nick Mckenzie and Charlotte Grieve⁣ of the Age, so that they could use the action against the bank to defend⁢ against my defamation lawsuit. They used it, but lost the lawsuit anyway. I am hoping︀ to find this out in discovery in my lawsuit, which is the main reason I︁ filed it. More than the money I want to get all the fact to expose︂ the illegal conduct of government officials, not just in the U.S,, but the U.K and︃ Australia as well. This information will also be helpful to a customer lawsuit as well︄

 

[Marie Manila]

I think it is not related to Qenta inc.
Just they just did a name change to Qenta, but it's still a different company.

 

[Martin Everson]

Peter with all due respect I don't think people care about the past. They want‌ to know about present and future and what is happening with their assets.

@NorthernDutchman Has made a valid and logical sequence of events.

Legal action should only be taken as‍ a last resort and it must be established who they should take action against which⁠ may include yourself if the Qenta situation is not cleared up. We await any reply⁤ that Qenta has given you.

 

[NorthernDutchman]

Thanks but please first get in touch with Qenta as I︄ wrote above☝

 

[Radko]

Peter I think we all know what happened by now and︄ I'm sure you'll have your day in court, and hopefully you will win and the︅ truth will come out.

But we, the customers, have not been able to access our︆ funds for several years and we have zero control of what is happening, so we︇ shouldn't do anything that would jeopardize the liquidation process.

Please try to talk to Qenta,︈ they never publish anything related to opt-in funds, so we have no idea what is︉ going on with our money, thanks.

 

[James123456]

3 Main Takeaways from the Receiver’s Update:

1. Good News for OPT-OUT Clients: The receiver has‌ resolved the issues for OPT-OUT: “Trustee has completed the reconciliation of those bank accounts…that were‍ transferred for his administration.”
   
2. Bad News for OPT-IN Clients: The receiver states: “the management of⁠ these assets and obligations remain with the acquiring entity (Qenta). Claims and inquiries should be⁤ remitted to their Customer Services team at [email protected].” If/when Qenta collapses, the receiver is⁣ effectively saying: “you are on your own.” OPT-IN clients fell for a risky startup digital⁢ enterprise.
   
3. More Bad News for OPT-IN: “Despite exhausting significant efforts with the acquiring entity (Qenta)︀ for reaching a consensual modification of the liquidation plan, no such agreement has been reached….the︁ Trustee has then to propose to OCIF the corresponding modification on the terms that will︂ govern the liquidation procedures for the customers that will be part of the Trustee’s liquidation︃ process.”
   • The key part is the last bit: there will be a different approach and︄ outcome for OPT-IN vs. OPT-OUT.
     

Reminder:​

• Schiff sold OPT-IN clients for USD 1.25M in Sep︅ 2022. The buyers: Qenta Inc. (still registered in Delaware), but G-Commerce DMCC & Responsible Gold︆ Trading DMCC (UAE) are now out of business,2 out of 3 buyers are gone.
  
• Qenta Disaster: Wolves in sheep’s clothing. These are the ones OPT-IN should be suing. Peter knows︇ this but won’t admit it,his $1.25M payout depended on the number of OPT-IN clients.
  

 

[Vqn]

The tragic part here is that we if we all were︈ opt-outs the funds would have been started transferred to customers now without any loss ..︉

 

[SCHLOSSFINANZ]

maybe PS can convince Qenta to cancel the SPA and transfer the assets back to‌ the receiver

 

[Pschiff]

I have left voicemails and sent emails. I am still waiting for‍ a response. There is really nothing I can do. I have no authority or control⁠ over Qenta or the bank. I'm as helpless as any of you.

 

[Vqn]

As the person above suggested.
Matbe you could convince Qenta to cancel the SPA and transfer⁠ back the funds to the reciever?

 

[Pschiff]

The concern on‍ this board is that Qenta doesn't have the funds.

 

[SCHLOSSFINANZ]

what level of DD did you when you signed the SPA? Did your lawyers screen‌ Qenta?

 

[Radko]

During the virtual town hall meetings that we had back in 2022 with‌ Qenta, Brent De Jong said that "he had been involved in the liquidation of 2‍ banks in Dubai and in those cases customers lost money."

He is now involved in⁠ the liquidation of EPB..., so I wonder, what is it with this guy who seems⁤ to have a habit of getting involved with banks that are being liquidated, he must⁣ have a motive, only he knows.

 

[daniels27]

He is like okupas. Making a⁢ living on the expense of others.

 

[NorthernDutchman]

I think it is time to pick a competent lawfirm who can find out where‌ the opt-in funds are and how to recover them. The longer we wait the more‍ money will get lost. I prefer that Peter will make everything clear the coming week⁠ but I start to doubt he will. I have been in touch with Aemilius Cupero⁤ two years ago because they have expertise in banking fraud so that might be one⁣ option. Please think about it and drop your suggestions below. If we all choose the⁢ same firm than that firm will be motivated to bring it to a success.

 

[Radko]

I don't think there's anything we can do until OCIF approves the liquidation plan and the‌ Receiver sets an official migration date.

I still find it very hard to believe that‍ Brent De Jong got involved in the liquidation of EPB just end up stealing opt-in⁠ customers funds, that would be highly illegal. He would be just another Bernie Madoff, and⁤ we know what happened to him, he died in jail.

 

[against the wind]

Looking @the report.
balance june 2022 = 68.109.302$
Now 47.940.921$
Question : how much Opt‌ in and how much opt out in $ were there in 2022?