Euro Pacific bank is a scam
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Look at how people react to the messages of PS. At some point they will ignore you if everyone keeps bashing the person who is willing to respond.
As of today I would have lost 45% of my deposit if I choose to opt out. Also as of today neither opt in︀ nor opt outs have gotten anything so making any long term determination is pointless.
As of today I would have lost 45% of my deposit if I choose to opt out. Also as of today neither opt in︀ nor opt outs have gotten anything so making any long term determination is pointless.
"The opt in option was for people who had no other accounts they could send the money to" => I had a personal account (like most of OPT IN) and used to transfer money to myself multiple times for 2 years before the liquidation. My last transfer was obviously rejected when EBP started to stop its︀ activity 3 years ago. To be honest, I still don't know who chose OPT IN︁ for me!! It was clearly decided without my approval nor knowledge! Well, I accept to︂ lose this money. I've been lucky these last 3 years and if everything okay, I'll︃ be lucky again for 3 more years but please don't say OPT IN was for︄ people who didn't have other account. THAT IS NOT TRUE. Of course, nobody at EPB︅ was able to explain to me why I am OPT IN...
the same happened to me, the customer care 2 weeks ago told me that I should actually be considered an opt-out, and they don't know why my transfer wasn't processed. they told me to inform the liquidator of this fact, for now I haven't written to him yet. Furthermore, I have never signed anything with Qenta
It was in gold. I suspected liquidation would take years given how hostile OCIF and the IRS was behaving towards us so even though I wanted to opt out I didn't want to risk keeping my money in dollars.
According to Lugo they want to change the agreement between them and Quenta, but Quenta is not willing to do that. My︀ guess is that they want to move some people from being opt ins to opt︁ outs as that seems to be a perfectly viable strategy to delay the process further.︂ Just a guess really. Obviously Lugo did not say what they are doing or why,︃ as usual.
According to Lugo they want to change the agreement between them and Quenta, but Quenta is not willing to do that. My︀ guess is that they want to move some people from being opt ins to opt︁ outs as that seems to be a perfectly viable strategy to delay the process further.︂ Just a guess really. Obviously Lugo did not say what they are doing or why,︃ as usual.
Your Delaware link is just pointiing to general︈ informations about Delaware as a financial (low taxes) safe haven. Where is the direct referring︉ to Qenta?
Rebranding is normal, yes! But if customers of EPB are becoming part of︊ this rebranding process, then they must be informed transparent and correctly about this. The information︋ which was given in this welcome letter was factually incorrect in various aspects. Apart from︌ this I have seen no other Qenta "explanation " before mine was brought up here.︍ So, if anayone has a better approach to this, lay it out in front of︎ us!
Kerim Chouaibi is not only the director of the Austrian entity, but of entire️ Qenta. See the link of north data, which shows this. Therefore, to say that this Austrian entity is not a financial one and cannot hold customer funds is misleading. He is the head of Aurin Investment ,which ownes and controls entire Qenta.
Rebranding is normal, yes! But if customers of EPB are becoming part of︊ this rebranding process, then they must be informed transparent and correctly about this. The information︋ which was given in this welcome letter was factually incorrect in various aspects. Apart from︌ this I have seen no other Qenta "explanation " before mine was brought up here.︍ So, if anayone has a better approach to this, lay it out in front of︎ us!
Kerim Chouaibi is not only the director of the Austrian entity, but of entire️ Qenta. See the link of north data, which shows this. Therefore, to say that this Austrian entity is not a financial one and cannot hold customer funds is misleading. He is the head of Aurin Investment ,which ownes and controls entire Qenta.
Opt in was the defualt. To opt out you had 30 days to notify EPB of︃ your decision to Opt Ot and to provide the bank with wiring instructions to an︄ alternative financial institution with an account of the same name as your EPB account. No︅ third party wires.
In a nutshell, this is how I see the Qenta aspect in all of this mess:
EPB had already been driven to the brink of insolvency in 2021. The bank had almost no financial cushion, hardly any liquidity. The supervisory authority in PR recognized this, issued a warning and ultimately classified it as insolvent. This is evident from EPB's figures and is even, hiddenly, acknowledged by PS in the statement of claim. Although a different conclusion is drawn in the plaint. PS made various attempts to sell off EPB before it was declared insolvent. Initially, in order to profit as much as possible from a︀ sale, and in the end more or less at any price. The main thing was︁ to minimize losses!
The deal with Qenta: Qenta was acquired by Aurin Investment, which is︂ part of Kerim Chouaibi's network of companies. It was part of the insolvent Wirecard AG,︃ which had already been broken up by insolvency administrators at the time. Wircard is the︄ largest accounting fraud in German financial history and has caused billions in damage. The parts︅ of Wirecard acquired by Chouaibi, which were renamed ´Qenta’, are: Qenta Gmbh, registered in Frankfurt,︆ Qenta Payments CEE GmbH, registered in Graz (Austria) and Qenta Technologies Group Sarl, registered in︇ Munsbach (Luxembourg).
None of them is a bank. The Qenta in question for EPB customers︈ is Qenta, registered in Frankfurt. It has three consumer products: Qenta app, G-coin, Responsible Gold.︉ The latter is a sub-company based in Houston, Tx (USA). It was previously called Emergent︊ Technologies and was founded by Brent de Jong. However, EmTech was acquired by Qenta in︋ 2022 and no longer exists. Brent de Jong was then made CEO of Qenta.com in︌ this deal. Kerim Chouaibi is part of the management team. He is mainly involved in︍ the management of his network of companies around Aurin Investment. Brent de Jong offers clients︎ two options to trade in precious metals, in the form of Responsible Gold: a) US️ clients trade via GWC, a Delaware registered company. b) all other clients (except UAE) trade Responsible Gold via Dubia DMCC (Dubai Multi commodities center = 0% corporate tax).
This means that the statement that Qenta is registered in Delaware is factually incorrect. Qenta is a GmbH registered in Germany. Likewise, Qenta is in no way a bank. At best, it is a precious metals trading platform.
Why the supervisory authority in PR could ultimately allow such a thing, i.e. that opt-in customer funds could be moved to a precious metals trading platform in Dubai, is, like some other questions surrounding EPB's insolvency, a subject area︀ that lawyers can probably best clarify in the context of a class action by the︁ affected parties? In any case, it must be assumed that deliberate efforts were made to︂ conceal any proximity of Qenta to the former Wirecard from EPB's international clientele in order︃ to make it less easy to raise concerns!
EPB had already been driven to the brink of insolvency in 2021. The bank had almost no financial cushion, hardly any liquidity. The supervisory authority in PR recognized this, issued a warning and ultimately classified it as insolvent. This is evident from EPB's figures and is even, hiddenly, acknowledged by PS in the statement of claim. Although a different conclusion is drawn in the plaint. PS made various attempts to sell off EPB before it was declared insolvent. Initially, in order to profit as much as possible from a︀ sale, and in the end more or less at any price. The main thing was︁ to minimize losses!
The deal with Qenta: Qenta was acquired by Aurin Investment, which is︂ part of Kerim Chouaibi's network of companies. It was part of the insolvent Wirecard AG,︃ which had already been broken up by insolvency administrators at the time. Wircard is the︄ largest accounting fraud in German financial history and has caused billions in damage. The parts︅ of Wirecard acquired by Chouaibi, which were renamed ´Qenta’, are: Qenta Gmbh, registered in Frankfurt,︆ Qenta Payments CEE GmbH, registered in Graz (Austria) and Qenta Technologies Group Sarl, registered in︇ Munsbach (Luxembourg).
None of them is a bank. The Qenta in question for EPB customers︈ is Qenta, registered in Frankfurt. It has three consumer products: Qenta app, G-coin, Responsible Gold.︉ The latter is a sub-company based in Houston, Tx (USA). It was previously called Emergent︊ Technologies and was founded by Brent de Jong. However, EmTech was acquired by Qenta in︋ 2022 and no longer exists. Brent de Jong was then made CEO of Qenta.com in︌ this deal. Kerim Chouaibi is part of the management team. He is mainly involved in︍ the management of his network of companies around Aurin Investment. Brent de Jong offers clients︎ two options to trade in precious metals, in the form of Responsible Gold: a) US️ clients trade via GWC, a Delaware registered company. b) all other clients (except UAE) trade Responsible Gold via Dubia DMCC (Dubai Multi commodities center = 0% corporate tax).
This means that the statement that Qenta is registered in Delaware is factually incorrect. Qenta is a GmbH registered in Germany. Likewise, Qenta is in no way a bank. At best, it is a precious metals trading platform.
Why the supervisory authority in PR could ultimately allow such a thing, i.e. that opt-in customer funds could be moved to a precious metals trading platform in Dubai, is, like some other questions surrounding EPB's insolvency, a subject area︀ that lawyers can probably best clarify in the context of a class action by the︁ affected parties? In any case, it must be assumed that deliberate efforts were made to︂ conceal any proximity of Qenta to the former Wirecard from EPB's international clientele in order︃ to make it less easy to raise concerns!
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