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Euro Pacific bank is a scam

#3,121
Still waiting for answers said:
Hi, I’m completely out of my depth with this because the account was my late brothers. Does anyone know what forms I need to submit to Lugo? I have provided documentation previously but it would seem that the information is required again. I never get any emails from them because it wasn’t my account and gather my information from this forum. Any advice would be greatly appreciated.
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This is a document checklist for claim on behalf of deceased clients:
chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://epbprliquidation.com/wp-content/uploads/Deceased-Client-Compliance-Documents-Checklist.pdf
It is found on: https://epbprliquidation.com/legal-documents/
All the best
 
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#3,127
OK can we stick to the topic. I just deleted an off topic post and kindly asked poster to create a new thread to stop this one being derailed...thx.
 
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#3,128
SCHLOSSFINANZ said:
in a banking liquidation refunds always occur in the home currency which is in PR USD. Thats normal
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I don't think so.. The receiver just decided on his own to transfer all the deposits to a U.S. bank that could only handle U.S. dollars. I objected to this. I think it was done simply to complicate and delay the process. The longer it takes, the more money the receiver makes.
 
#3,129
john8899 said:
I don't understand why the head in the sand behavior towards Qenta. @JoeOhNo already had someone physically confirm the Texas office was abandoned. @Alpinist also confirmed several months ago the Dubai office was abandoned. If these are not red flags, I don't know what will set off alarm bells.

@Pschiff apparently signed a deal with the CEO to sell the assets to Qenta, but he did not receive any response from them? Understand that he is not just some regular customer of Qenta, but the guy who sold them assets from EPB and have a close connection with them. Maybe he did receive a response from Qenta, but it was not a good response so he refuse to tell people here? Why the dodging of questions and why being evasive?

I want to repeat again my question from before as it seems @Pschiff only answer what is convenient for him and keeps dodging.
The OCIF orders for EPB are here: https://www.scribd.com/document/860156896/Euro-Pacific-International-Bank-Cease-Desist-Orders
Another copy is here: https://www.slideshare.net/slideshow/euro-pacific-international-bank-orden-pdf/278965385

The cease and desist order contains a balance sheet showing the insolvency of the bank for 2018-2021. Can you confirm that the numbers in the spreadsheet are forgeries and fake?
View attachment 9164
In the cease and desist orders, can you confirm which other parts of the document are fakes and forgeries?
For transparency, can you upload the cease and desist order to the 9Fraud website and annotate which parts for fakes and forgies and lies?
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Nothing shows the insolvency of the bank, as it was completely solvent, as confirmed by OCIF and the Receiver in the initial liquidation order. The bank had no debts, and held millions in cash and gold than was owed to depositors. I have not dodged anything. I have told everyone on this board what happened to the bank and why. It's been completely beyond my control for almost three years.
 
#3,131
against the wind said:
your customers were blocked. No way out. You made a way out with Qenta. And now your customers are stuck with a bankrupt Qenta. But it is out of your control. A little too easy, not?
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Qenta did not give me a way out. I made nothing by agreeing to sell the bank's assets to Qetna. I did that as I thought it would be helpful to the bank's customers who did not withdraw their funds to another bank.
 
#3,135
Pschiff said:
Nothing shows the insolvency of the bank, as it was completely solvent, as confirmed by OCIF and the Receiver in the initial liquidation order. The bank had no debts, and held millions in cash and gold than was owed to depositors. I have not dodged anything. I have told everyone on this board what happened to the bank and why. It's been completely beyond my control for almost three years.
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The court order I linked to shows that the bank has been insolvent for many years. I am unable to find any other liquidation order that says the bank is completely solvent. Can you please upload your copy of the liquidation order to the 9Fraud web site? Can you confirm that the court order I linked to showing the bank as insolvent is a forgery and fake?
 
#3,136
Pschiff said:
I have no idea. I can't get any confirmation. They are not a public company and have not seen any recent financials.
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Don't you have any way to directly contact the CEO? You did sell the banks customers to them, it's not like you're just some random joe customer who walked in off the street.
Pschiff said:
Good news. I heard back from the COE of Qenta. He assures me the rumors are not true. All customer funds are with Qenta now, and should all be allocated to customers beginning within 30 days of getting the green light from the receiver. The process could take a few weeks to compete, but all customers will have the option of leaving funds in their accounts, or withdrawing them to the financial institution of their choice.
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A few months ago, you said that Qenta has all customer funds, now a few weeks ago, you said Qenta does not have all customer funds and the deal might not happen. What is happening here? I hope you do understand that a lot of people have lost their lifesavings due to this mess.
 
#3,137
the title here is...EPB is a scam.
PS just sold the bank so that customers could not prosecute him.
that is what i think.
hope i am wrong and that Qenta is fine and will contact the opt in to go on with gold/silver account. As I understand all the cash, also of opt in, should still be with the Trustee. and the Trustee should forward it back to the customers and not to Qenta. PS should support that the cash has to go to the customers and not to Qenta. Do you?
 
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#3,138
Blaming PS does not help anyone, but if it makes you guys feel better than I guess it is fine.
Suggesting that PS do anything is kind of pointless since he has no power over anything related to the process.

As far as I remember when the liquidation began we were told there's enough funds to pay everyone. That means that the bank ultimately was not anywhere near bankrupcy.
We can argue about the technical and legal definition of insolvency but I think it is a little bit late for any of this.
On the other hand may I remind you that one of the banks that OCIF killed was simply for operating without a license, which is a trap no bank could possibly avoid so EPB would have gone down either way.
Having or not having enough funds is irrelevant OCIF would have found a way as they have in several other cases.
 
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#3,140
Are you suggesting that OCIF and Lugo the people currently in charge did not also sign that paper? I can see their signature on page 9 of the liqudation plan.

Even though the liquidator does not need to answer to the OPT INS since the process is dependant on them they have a legal duty to disclose when OPT INS will be ofloaded to Quenta so that they will know from what date can they demand their assets.
This a duty that Lugo and OCIF has. They must do this. Quenta doesn't know when they will be able to start giving the OPT INS because it depends on the decisions that the liquidator Lugo and the government OCIF makes. This is why Quenta is not legally liable for not diclosing information they don't have. The same with PS. Lugo and OCIF on the other hand are very much in a legal grey area by not providing information regarding OPT INS as they are legally required to do so, and if you would sue them they would probably have to give you the information.
Suing Quenta or PS will give you nothing.
 
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