Euro Pacific bank is a scam
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That's just not true. If OCIF believed the bank needed more capital, the procedure is to inform the bank in writing of the deficiency and give it time to cure the deficiency before issuing a C&D. Also, we are not talking about a low level official. But the head of the agency itself︀ made that verbal assurance. Do you really think that it's fine for a regulator to︁ abruptly shut down a completely solvent bank for having low capital, without any advanced warning︂ or giving the bank any opportunity to cure the capital deficiency first? If you do︃ there is no point in this discussion.
No, those wires didn't go though as Novo bank refused to process the requests due to the Puerto Rico government freeze. Though initially they regarded the requested wires as suspicious, due to false press reports that the bank was shut down for money laundering and tax evasion. So they held off on sending the money until the Portugese government could review. They did, and placed the 8-month freeze on the︀ account.
Who are u planning to sue?
We can sue all parties involved for some reason.
Incl PS...i gave my money in good faith when he was sole owner of the bank....so where is it now and what is going to happen...he should give no excuses but solutions. I am however grateful PS gives some information such as confirming Qenta︀ is still in business and the funds are safe. But i do think he can︁ still do more for his clients, certainly direction Qenta and providing info what the problem︂ is between Qenta and Ocif/Receiver
We can sue all parties involved for some reason.
Incl PS...i gave my money in good faith when he was sole owner of the bank....so where is it now and what is going to happen...he should give no excuses but solutions. I am however grateful PS gives some information such as confirming Qenta︀ is still in business and the funds are safe. But i do think he can︁ still do more for his clients, certainly direction Qenta and providing info what the problem︂ is between Qenta and Ocif/Receiver
The only one we could realistically sue is OCIF, but it would cost more than what I have had in the bank. It is unlikely to speed up anything though.
It is the second time you have mentioned suing and both times you have failed to mention who you would sue and what the reason(s) for suing would be. Maybe it would help your point be less useless if you added that to your post.
Suing me would be︀ a waste of money. I was just a shareholder and director of the bank. I︁ never took any money out, only put money in. So there is no money to︂ claw back, and I am not personally liable for claims against the bank. The bank︃ was owned by a corporation. That limits liability to the entity. It does not extend︄ to shareholders or directors. To pierce the corporate vail customers would need to prove that︅ I committed fraud, misappropriated funds, or was involved in come other illegal conduct. But I︆ did none of that. In contrast, if customers sue OCIF or the IRS, I would︇ make a great wittness.
After 139 pages of chatting about the EPB - issue: we should not forget that Mr. Schiff still lives in Puerto Rico and operates some other of his businesses out of Puerto Rico, as they are registered there. So his finger pointing to the incompetent and untrustworthy OCIF and blaming it does not sound very credible to me. Eventually actions speak louder than words! - I would appreciate if we find the structure and leadership inside this group to establish a class action lawsuit. Everything else in my opinion leads us nowhere. It remains pointless talking!
What was I dishonest about? It was the OCIF Commissioner, the IRS and other J5 Chiefs, and some "journalist" who were dishonest. I didn't benefit from giving bank customers the option to transfer their balances to Qenta. I may have benefitted had the process gone as planned, as the bank would have had more capital to distribute to me. But the delay allowed the receiver to burn through all the funds that︀ otherwise would have been leftover for me.
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