Euro Pacific Bank - Peter Schiff Banked Known Criminals, Tax Probe Claims

[Nishizawa]

So they finally meet their destiny...

One curious question is how they were useful for‌ money laundering. They're so strict with AML, famous for requiring tons of documentation to send‍ just 3K, and soon freezing accounts. It is surprising that remote offshore banking such as⁠ EPB is still used for money laundering.

 

[Martin Everson]

So basically EPB was good for banking shell companies most⁠ other banks won't touch....lol?

Right now you need more than hope mate. You⁣ think after this its going to be business as usual for EPB? I don't think⁢ so its over.

 

[Clip]

I saw this coming... guys better move to a low tax country, trying to hide‌ from a broke government with bast resources to prosecute tax evaders is useless.

 

[Martin Everson]

Easy. Most people opened offshore companies with EPB to⁤ move around money they earned and never declared to their home country. That is called⁣ "money laundering" and not just tax evasion.

Miracles....lol? Your gonna need 10︀ crucifixes, 5 rosary beads and a gallon of holy water to survive this one mate.︁

 

[Martin Everson]

This could have been the solution for many. Now the only place⁠ many if those customers will be moving too is jail.

 

[Martin Everson]

Well Euro Pacific Bank got‍ very greedy by tapping into a segment of the market who could not go anywhere⁠ else to bank shell companies or avoid CRS. Having a company is not the problem.⁤ Problem is not reporting income when there is an obligation in your home country to⁣ do so.

 

[Silvio]

The real question is what s**t bank all the CSPs will recommend now, now that‌ Rietumu is off, EPB is dead. Anyone wants to gamble? 😎

 

[user9823671]

so you're saying there *is*‍ a chance then 🙂

 

[Clip]

Australia, UK and Netherlands. Remember guys that CRS/AEOI is automatic, Fatca is not but‍ doesn't mean that IRS won't share the information with other countries if requested or in⁠ the progress of a criminal tax investigation. Money there under your ID is going to⁤ end being reported.

 

[Martin Everson]

Where? eek¤%&

 

[Flatworld]

haha~we are famous now‌ LOL

 

[Martin Everson]

Your right.

The thread below‌ is the one that appears in video eek¤%&. The OP on the thread from 2018‍ brought down Euro Pacific Bank....smi(&%. Just read the first post smi(&%

https://www.offshorecorptalk.com/threads/euro-pacific-bank-sepa-mastercard-aeoi-crs.23210/

 

[Martin Everson]

Look what I wrote in that thread above in Jul 8 2019:

I was almost right.....lol

 

[NicolasMaduro]

off-shore hosting? Is that another Word for hosting of illegal or copyright content?

 

[VESTANON]

That was spot on, going through the thread‍ and seeing the comment saying (its like dangling your nut in the lions mouth)awe¤""% got me all out in laughter...

Trust EPBs nuts along with a few acct holders Just⁠ got munched...cig-:,

 

[Martin Everson]

@Edge I wonder if you hold same opinion from that old thread from 2019 where‌ I went in on EPB...lol?

I close my case⁣ after latest EPB news 🙄

 

[Martin Everson]

Soon it will be put on life support,‍ read its last rights and Peter will be there to watch the regulators turn of⁠ the switch and pronounce it dead.

 

[sonato]

well said, it can't stay this way for a long⁠ time. They may already start taking a run with customer funds.

It's all what you⁤ said Martin 😵

 

[bigladsmith]

It’s going to go sour fast I’d suspect. Has anyone got information if EPB is‌ still cashing out? I’d heard that last week all was normal....

 

[Edge]

@Martin Everson What lol ?

Yeah I'm gonna lose money on this one ..
I moved some when the perth mint news came and some before that ..

So I'm‌ good; whatever .. Life goes on ..

I understand people are laughing .. But some‍ people like me, live in countries where I can't exchange the currency worldwide .. meaning⁠ I can't do business online, ever .. Unless I have a bank abroad or a⁤ company abroad etc ...

So EPB was one of the very few choices I have⁣ .. I actually bank there legally .. I pay taxes (very small) on anything I⁢ bring back ..

I never trusted the bank of course; and I knew that the︀ clientele is basically tax evaders, but never in a million years have I thought Schiff︁ is so stupid and greedy to actually have russian cyber criminals as clients .. The︂ bank is done and I already kissed whatever I had there goodbye ...