Recent content by Pschiff

Hopefully just and oversight.

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.

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.

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.

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.

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...

I've asked many times. Not just for customers, but for myself. The last email he sent me was that Qenta would be updating Opt In customers soon. He did not define soon, but if he was being honest, I expect an update this week. Next week at the latest. But I keep defending myself and the bank as...

Yes, all of those questions were asked as a result of the bank's extra strict KYC and AML. That is why its so outrageous that the J5 and the media worked together to shut the bank down for money laundering and tax evasion, when there was likely less of that going on at my bank than at any other...

If by accountable you mean legally personally liable for their losses, you are wrong. If bank shareholders where personally liable for any losses suffered by customers there would be no banks. If directors where also personally liable to bank customers there would be no directors, which would...

Again, if I opened the bank in Miami it would have been much too expensive to be a 100% reserve bank, especially having to pay for FDIC insurance that I did not need. Also, there are lots of banks in Fla. and other U.S. states that Euro Pacific Bank customers could have opened accounts with. But...

No U.S. states are part of CRS. I wanted an off-shore bank.. If on shore I would have needed to be FDIC. But I was a 100% reserve bank. So I didn't need to incur all that added cost when I had no need for government insurance. Customers benefitted from that with lower fees. I also didn't want...

It was so simple that it didn't need a receiver. I offered to do it myself. The OCIF Commissioner refused as she was doing the bidding of the IRS and the J5. What screwed it up was the unnecessary press conference, which the J5 and the media used to frame the bank for tax evasion and money...

By the way Qenta has told me they intend to update Opt-Ins soon, and they have not indicated that they are not positioned to make customer funds available to customers.

The Receiver, under the supervision of OCIF. I have no involvement other than constantly complaining and asking questions, most of which are never answered. OCIF now has a new Commissioner as of last week. I have a lawsuit against the prior one. Hopefully the new one will help speed up this...

First, Euro Pacific Bank was never insolvent. It was placed into receivership despite its being solvent. So the fiduciary duty of directors never shifted to creditors. Second, at the time of the asset sale to Qenta, the bank was under the control of OCIF and the Receiver, not me. All I did was...