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Euro Pacific bank is a scam

#3,081
Eh let me explain because I can see people are not doing their homework much regardgint their own money.
First of all, OCIF agreed for the sale of assets to Qenta because the deal was made AFTER receiver took over the bank. I checked it with documents.
Qenta is now giving a warning signs all over - which OCIF is aware of and actually admits this themselves.

When Qenta was responsive they transfered to them metals and investment funds. - In my opinion this is the part that can be hard to pinpoint to OCIF as a fault if they actually did due diligence and stuff as they should before accepting Qenta deal. I have my suspicionts that they didnt, This is the only potential turning point regarding those funds.

The opt in cash is still being held by receiver which can we read between the lines in last report of the receiver.

The fact that Qenta is giving warning signs, Ocif is aware of that, makes them responsible for their next actions.
If they transfer the funds to Qenta they will hold responsible and I assume they know it especially that they have been officially informed about that.

So honestly I think the fact opt ins are getting requsts for the documents like opt outs is a light in a tunnel that cash deposits of opt ins will be distributed like cash of opt outs due to the fact that they cant just wire the funds to Qenta knowing there is somew real issues going on.
This is a bit speculative but the facts support it.
 
#3,082
JoeOhNo said:
Eh let me explain because I can see people are not doing their homework much regardgint their own money.
First of all, OCIF agreed for the sale of assets to Qenta because the deal was made AFTER receiver took over the bank. I checked it with documents.
Qenta is now giving a warning signs all over - which OCIF is aware of and actually admits this themselves.

When Qenta was responsive they transfered to them metals and investment funds. - In my opinion this is the part that can be hard to pinpoint to OCIF as a fault if they actually did due diligence and stuff as they should before accepting Qenta deal. I have my suspicionts that they didnt, This is the only potential turning point regarding those funds.

The opt in cash is still being held by receiver which can we read between the lines in last report of the receiver.

The fact that Qenta is giving warning signs, Ocif is aware of that, makes them responsible for their next actions.
If they transfer the funds to Qenta they will hold responsible and I assume they know it especially that they have been officially informed about that.

So honestly I think the fact opt ins are getting requsts for the documents like opt outs is a light in a tunnel that cash deposits of opt ins will be distributed like cash of opt outs due to the fact that they cant just wire the funds to Qenta knowing there is somew real issues going on.
This is a bit speculative but the facts support it.
Click to expand...
If the bank is still holding some of the funds that belong to Opt Ins, and has not sent those funds to Qenta, then the purchase transaction has not yet closed. In fact, failure to deliver those funds would be a breach of the contract, but if Qenta has gone dark in the process, that breach may be justified. If that is the case my guess is that whatever funds the bank has above what is owed to Opt outs would get divided proportionally amount the opt ins. The rest of the money would be owed to Opt ins by Qenta.
 
#3,084
1747835533519.webp


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So I understand that almost 30 mlns USD are the cash of opt ins.

There is also a table clearly showing that 19 mlns from investemts and metals where transfered to Qenta.
 
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#3,089
JoeOhNo said:
I assume opt ins will get what they held. If they held 100% in cash they will get close to 100% of that cash. If they had mostly metals and investments then they might be out of luck.
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What was held by IB in securities should still be there in customer accounts. I don't see how Qenta would have been able to withdraw that. The metal was transferred from Silver Bullion in Singapore. That's where the bank held it after it was moved from the Perth Mint in Australia.
 
#3,090
Pschiff said:
What was held by IB in securities should still be there in customer accounts. I don't see how Qenta would have been able to withdraw that. The metal was transferred from Silver Bullion in Singapore. That's where the bank held it after it was moved from the Perth Mint in Australia.
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All funds held in IB where transfered as report states. But in what way I cant say. Thats why I asked Radko who is sending him ( as a company ") the updates. If IB then thats a good sign as ai see out of those 19mln usd transfered to qenta around 18 was from IB.
 
#3,091
JoeOhNo said:
Under what company name, saxo bank, qenta, something enirely different? Thats what I ment
Click to expand...

None of those, the emails regarding Mutual funds statements have always been sent by the fund manager of the funds. They never came from EPB.

Qenta did say that all the Mutual funds, as well as the Silver (not the Gold) would have to be liquidated after the Reciever sets a migration date. So I believe all the Mutual funds, as well as all the Metals (Silver & Gold) are still untouched, they haven't been liquidated.
 
#3,092
Radko said:
None of those, the emails regarding Mutual funds statements have always been sent by the fund manager of the funds. They never came from EPB.

Qenta did say that all the Mutual funds, as well as the Silver (not the Gold) would have to be liquidated after the Reciever sets a migration date. So I believe all the Mutual funds, as well as all the Metals (Silver & Gold) are still untouched, they haven't been liquidated.
Click to expand...
Ok let me rephrase the question. Whats after @ in that managers email address. Is it interactivebrokers.com?
 
#3,096
At this point the whole fuss is about Qenta being silent, many of its companies struct down from the registers around the world. Im not sure if I should be saying this but hope the group member that did it wont have anything against me saying that but he went into Qenta Texas main office few days ago and he said that the office was empty and reception said they just left and took nothing with them few weeks ago. Office supplies worth 50k USD. So thats very worrying.
 
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#3,097
JoeOhNo said:
View attachment 9158

View attachment 9159

So I understand that almost 30 mlns USD are the cash of opt ins.

There is also a table clearly showing that 19 mlns from investemts and metals where transfered to Qenta.
Click to expand...
I think you are right regarding if the reciever transfers the 30 million in cash to Qenta and there are problems afterwards he will get sued thats why he doesn’t … Maybe at this time it would be better if the old deal got cancelled. I don’t think many funds will stay at Qenta for very long !

As an opt-in I did not get any mail regarding KYC or so.
I think this might have been some mails sent to some customers by error.
 
#3,099
JoeOhNo said:
At this point the whole fuss is about Qenta being silent, many of its companies struct down from the registers around the world. Im not sure if I should be saying this but hope the group member that did it wont have anything against me saying that but he went into Qenta Texas main office few days ago and he said that the office was empty and reception said they just left and took nothing with them few weeks ago. Office supplies worth 50k USD. So thats very worrying.
Click to expand...
Maybe they are moving HQ to the UK after the aquire of Pipit and their new CEO is located there.

https://qenta.com/qenta-acquires-pipit-global-to-launch-universal-payments-platform/
 
#3,100
Vqn said:
Maybe they are moving HQ to the UK after the aquire of Pipit and their new CEO is located there.

https://qenta.com/qenta-acquires-pipit-global-to-launch-universal-payments-platform/
Click to expand...
Well, You know, it sound more like forcing to find a good reason to still have hope rather then rational explanation.

Especially that to my knowledge that Pipit Global is not some huge aquisition or something.

Btw https://qenta.com/management/ doesnt work anymore so there is no info even on whos working there.
 
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