First time I hear about a SWIFT issue... then they can receive the money, probably invest it, but they are blocked when attempting to send out? Can they provide any evidences? And everyone at EPB and your lawyer are going to buy this? What's next? The manager responsible for wire out is sick and will be back within 2 months? They need to be sued right away!! To be honest, I was confident to get back my money until I hear this lame excuse!
@Pschiff do you know what it is that the Receiver is being slow about ? Rehiring the software company?
Yes I definitely get the feeling there are different agendas here and customers are simply being played for fools.
No customer would have been inconvenienced, not a penny would have been tied up or lost, had OCIF approved the proposed sale to Qenta. Qetna was going to add $7 million in additional capital, bringing total bank capital close to $10 million. There was no valid reason for OCFI to have denied this sale. The only reason OCIF gave for rejecting the sale was my continued tie to the bank that resulted from my 4.15% ownership of Qetna stock. But had OCIF let me know that was a problem, I would have restructured the sale to eliminate my ownership. But the bad press about me was false, and OCIF knew it. Soon the world will too after I win my defamation case and spread the word. Of course, since OCIF knew first hand the bank's AML and KYC was very good, which is what the OCIF auditors told me personally following the bank's only OCIF audit that ended in 2021, they could have held a press conference to defend the bank and call out the Australian media for promoting fake news. That would have solved the problem for everyone, expect the media outlet in Australia I was suing.
Yeah I googled Eastnet and they didn't say anything!! That's cool for them, they can say any bulls**t they want and dumb customers will buy it!
Novo's position is that the wiring instructions it has on file are too old, and it needs new instructions, which must be submitted through Eastnet. Getting Eastnet in a position to do this requires the help of the receiver, which he has been slow to provide. But this will eventualy be resolved, hopefully soon. I don't think OCIF want an entire year to go by without customers getting their money back. It will be a full year on June 30th.
The only person left at EPB is the receiver. The bank's former staff, that now works for Qetna, is tying their best to help. They moved to Qenta to protect customers, as the bank doesn't have enough revenue coming in to pay their salaries. I never worked at the bank, and have no real role in the liquidation anymore. I accomplished my part a long time ago. My role was selling off the bank's fiscal assets, getting the bank out of its office lease, and arranging the sale of opt in accounts to Qenta, including the transfer of the bank's subsidiaries and staff to Qenta.
Yes, the staff that formerly worked at the bank, but now works at Qetna is available to supply that support free of charge. I worked that out in the deal for Qetna to acquire the customer base and some other assets. I tired my best to protect customers.
I think it is ultimately up to us to put our collective heads together to devise a strategy. Leaving it to the powers that be is going to continue as it has the last 10 months until the money pool runs dry. Then it will be too late.
