the refund is always in home currency. So here in USD at the exchange rate at the time of refund.
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Euro Pacific bank is a scam
- Thread starter OffshoreCorpTalk
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Yesh that sounds logically. I hope they will payout the current rate as USD dropped a lot
I doubt that. The receiver exchanged euros for dollars a long time ago, when the dollar was much stronger. I strongly advised him not to do that. But the bank that he choose to move the deposits to, also against my advice, could not hold any currency other than the U.S. dollar. So unfortunately any funds distributed will be in U.S. dollars based on the exchange rate that he got at the time of the exchnage. So I would guess at least a 10% -15% loss to customers on the exchange rate, assuming funds are returned before the dollar goes any lower. I am very bearish on the dollar.
The customers didn't want to pay higher costs for FDIC either. If they did they would have chosen an FDIC insured bank. The entire business model of the bank was that it was a 100% reserve bank and therefore did not need FDIC insurance.
Anyways I will still use the current exchange rate. I’m in touch with my lawyer and he told me to do the same. Which is more than fair, as my final statement was not in dollar and I don’t know the rate he got for the money.
Just tried loading europacbank.com and it no longer exists. The website was either taken down by Qenta, or was shutdown because they stopped paying for web hosting. Another large red flag to add to the already large pile...it's likely the Opt-in customers are not going to get back any of the money for assets transferred to Qenta, so I have lost 100% of my account 
I noticed that myself. Qenta has temporary control of the website. They are supposed to keep it active and use it to update customers. I emailed Brent De Jong this morning asking him why the website was down and to get it back up ASAP.Just tried loading europacbank.com and it no longer exists. The website was either taken down by Qenta, or was shutdown because they stopped paying for web hosting. Another large red flag to add to the already large pile...it's likely the Opt-in customers are not going to get back any of the money for assets transferred to Qenta, so I have lost 100% of my account
View attachment 9309
I did not know Brent was no longer CEO. Who replaced him? Do you know Brent's current position. I also copied Qenta's general council Carlos Garduno on the email on the website being down. Both he and Brent still reply to me from their Qenta email addresses.
CEO of that Pipit something, company that Qenta aquired took the position of CEO in Qenta - Ollie Walsh.
https://qenta.com/were-connected-to...aharan-africa-ollie-walsh-president-of-qenta/
Dont know whats Brent position in Qenta now if any as he is having some major fraud issues in NY court as I heard.
https://qenta.com/were-connected-to...aharan-africa-ollie-walsh-president-of-qenta/
Dont know whats Brent position in Qenta now if any as he is having some major fraud issues in NY court as I heard.
The article says the previous CEO of Pipit was appointed president, not CEO. The management page continues to mention "Qenta is led by Brent De Jong, a seasoned professional in opportunistic investing and scaling businesses."
Are you sure?
For me, the management page is empty since weeks now. Try to enter the subpage with cleared cache or incognito mode. Isnt president the same position as ceo?
Below the screenshot of management page of qenta that loads for me.
Attachments
For me, it outputs the following:
Code:
Leadership Team katie 2024-06-28T14:04:05+00:00
Happy clients
0 +
Completed projects
0 +
Qenta is led by Brent De Jong, a seasoned professional in opportunistic investing and scaling businesses.
As a global company our executive management team represents all our key offices and target markets with extensive experience and a successful track record in building platforms.Anyway, the president is usually the 2nd highest position, the one in charge after the CEO. So they aren't the same, you will usually have both separately.
In general, Qenta's activities are a mess, e.g., their constant failures to pay state fees on time causing the expiration of their licenses (like the Dubai one), the way several of their involved entities were liquidated, the fact they can't even maintain the EuroPac site and so on.
Brent de Jong has scrubbed Qenta from his LinkedIn public profile and replaced it with De Jong Capital LLC. I do not have a Linkedin account, so I can only see Brent's Linkedin landing page, so I cannot dig deeper into his profile. If someone has a Linkedin account, check it out and see Qenta has been scrubbed.
Hello Peter, I forgot to mention that emails to [email protected] are no longer being delivered as I received delivery failure message a few days ago. This does not really matter much, as Qenta stopped responding emails a long time ago. For some reason it felt better when my emails were delivered, even though I know they were likely left unread.
The domain has not expired and won't expire until 2026. It seems someone manually removed the site.
The monthly bill was not paid in June. So the host shut it down for lack of payment a few days ago. I tried to pay the bill myself, but I'm not authorized. Hopefully Qenta will just pay it today or tomorrow. Then the site will be back up. I'm not sure why the payment was missed.
It's obvious by now that Qenta doesn't care about Opt-in customers. They don't provide any updates, they don't answer a single email, and now they don't even maintain EPB website.
Not good at all...
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