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Euro Pacific bank is a scam

We already have legal group representation, so have failry detailed knowledge of what is going on internally, but someone needs to put pressure on OCIF, that is where @Pschiff comes in, if it is what he says it is, then he should have grounds for a breach of agreement for failure to return cusotmers funds in a timely manner, add to that the failure of the reciever to recover the $500k due back to EPB to cover operating expenses from currency matters. all this negligence falls back to the OCIF for selecting such an inexpereienced, incompetent and corruprt reciever.
Hi Spartan
Is there any difference in the knowledge that you have and what is being communicated by EPB website/ Receiver ? (except for details ofcourse)
 
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Still no news, right? do we know if anything is happening?

Thanks all
Mike
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Peter Schiff is the owner of the Bank, I don't understand why he is not being informed of everything that's happening so he could inform us.

Maybe the Receiver is doing all he can, maybe is not his fault, maybe he has hired a lawyer in Portugal. The problem is that we don't know what's going on, so before taking any kind of action we must know the facts, then we could decide whether to wait or take action.
I get very little information. I really gave up trying to help over a year ago when it became obvious I was wasting my time. Initially I expected to at least get a million or two back from the $10 million in capital I put up. I no longer expect tot see a penny. I just hope customers get their money eventually. But I have no authority at all to speed up the process.

Hi Peter,
I understand that it is very frustrating to be falsely accused and then on top lose a lot of money as a consequence. It is extremely unfair, but unfortunately, this is where we are.

But former EPB account holders have their lives put on hold, we are taken hostages, some with all their savings and businesses as well. We cannot move on with our lives until we get the money back.
Now looking forward, I want to know, what is in your opinion the best way forward from here? sit back and wait more? or is there any pressure that can be put on these people by US authorities? by Newspaper/media campaigns?, Lawyers?
The receiver is making too much money off of this to want it to end. That's my opinion. So you need to bring the pressure on OCIF. There is not much I cab do personally, as my hands are tied legally due to the settlement. I had hoped that settlement would have at least expedited the return of customer funds. That's one of the main reasons I agreed to it. But the Novo situation same out of left field and screwed that up. It turned out to be a huge windfall for the receiver.

We already have legal group representation, so have failry detailed knowledge of what is going on internally, but someone needs to put pressure on OCIF, that is where @Pschiff comes in, if it is what he says it is, then he should have grounds for a breach of agreement for failure to return cusotmers funds in a timely manner, add to that the failure of the reciever to recover the $500k due back to EPB to cover operating expenses from currency matters. all this negligence falls back to the OCIF for selecting such an inexpereienced, incompetent and corruprt reciever.
The better argument is that a receiver never should have been appointed. The better alternative was to allow Qenta to buy the bank. The next best alternative was to allow another buyer. There were other qualified buyers who stepped up. Third best was to allow me to liquidate the bank myself without a receiver. I offered to do the job myself for free, and would have personally guaranteed every customer would have been made whole, even if I had to use my own funds to do it. But that would not have been necessary as there was more than enough money available to pay all customers in full, even without the Currency Matters money the receiver blew.

 
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