Euro Pacific bank is a scam
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That is the liquidation plan approved by OCIF. OCIF required the bank to submit a plan for its approval. The plan called for a 90 day process to complete the entire liquidation of the bank, including the return of customer funds by bank wire to customers, or made available to customers through Qenta. It's now been almost three years and not one penny has been returned or made available to a single customer.
I do not︋ know why any of this is required. The bank has all of this information from︌ when accounts were originally opened up. All money is simply being returned to customers. My︍ take is that these are just unnecessary steps added to prolong the process to run︎ up the fees charged by the trustee. I have asked my lawyer to ask the️ trustee why all of this documentation is required. So far I have not received an answer. My guess is that I never will.
Novo bank returned the funds in August of last year, since then the Receiver︀ has been wasting time because of the absurd idea of dividing the customers into Opt-in︁ and Opt-out. We should have never been divided into two groups.
Who knows when all︂ this will end.
Who knows when all︂ this will end.
I came up with the idea in case people were not able to withdraw their funds in time. OCIF had wanted to keep any funds not sent to customers for itself. I didn't want that to happen. So I came up with the idea that any money that was not withdrawn would go︀ to Qenta, where bank customers would have no time limit with which to claim it.︁
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