Euro Pacific bank is a scam

[against the wind]

Now everyone will have to submit KYC documents, so this is still going to take a few more months given how slow the Receiver works.

you are a pessimist!! a few minutes ago a lot of prople were thinking they lost all their funds. OK a few extra months, but with prospects. and Qenta confirms to return all assets. S o including gold and metals. Sudeenly these people are rich (on paper for the moment)

 

[Radko]

you are a pessimist!!

Not pessimist at all, it's good news, this is how it should've been all along.

But now the Receiver will have to ask that all customers (opt-in included) submit their documentation, and give how slow the Receiver is, it's still going to take a few more months. But I think it's great news, finally some clarity to this whole mess.

 

[JoeOhNo]

Damn am I the only one that did not received this mail?

 

[Martin Everson]

That's the best news you can receive from Qenta. You get to wash your hands of Qenta and get your assets back at some point. I don't think there is any sane minded person who would still wish to be an Opt-in client right now.

 

[danielboros]

Not pessimist at all, it's good news, this is how it should've been all along.

But now the Receiver will have to ask that all customers (opt-in included) submit their documentation, and give how slow the Receiver is, it's still going to take a few more months. But I think it's great news, finally some clarity to this whole mess.

People like me who had gold would have lost a lot (about 40%) if they became OPT IN three years ago.

Damn am I the only one that did not received this mail?

Yes

Here's are the docs needed for OPT OUTs. Probably useful:

Dear Daniel ***,



Trust this email finds you well.

Thank you for your communication. Notwithstanding, for us to reply appropriately, please submit your proof of claim with all supporting documents as required in the notice. Before communicating with you, we need to validate that you are the real party in interest in charge of the subject account.



For reference, the following documents are available on the portal: https://epbprliquidation.com/legal-documents/

• EPB Liquidation Document Request Instructions

• OCIF Carta Circular and Notice of Liquidation

Form A Proof of Claim

• Compliance Requirements Forms



To maintain confidentiality and security, please ensure that all submissions are sent via secure email to [email protected]. For case-related inquiries, please contact [email protected]



Kind Regards,

EPIB Trustee

 

[Radko]

People like me who had gold would have lost a lot (about 40%) if they became OPT IN three years ago.

Yes

Here's are the docs needed for OPT OUTs. Probably useful:

I received the exact same email from the Receiver, maybe he was anticipating that Qenta was going to bail out.

 

[SCHLOSSFINANZ]

the documents they require for the refund is really excessive. Wow

 

[Radko]

the documents they require for the refund is really excessive. Wow

This past week I opened a bank account in the U.S., they didn't asked for a fraction of the documents. This Receiver is obsessed with documentation.

 

[danielboros]

I received the exact same email from the Receiver, maybe he was anticipating that Qenta was going to bail out.

I only got it because I've sent them an email.

 

[SCHLOSSFINANZ]

I am sure OCIF instructed him to do so. Why? To fill up the gaps in EPBs own compliance documentation.

 

[Radko]

I only got it because I've sent them an email.

Yes, I also sent them an email and that's what they replied to me, exactly the same.

 

[Sardinha]

why do u think it is bad news?

It seems this difficult period will unfortunately continue for several more years.
I believe it will re-start the process from scratch.

I chose opt-in at the time, believing I would withdraw my money more quickly from QENTA.
Apparently (and as per my learning on this forum) it was the wrong option, even opt-out being the best option, this last email tells me it will take a long time to finish this already painful process.

Do you think this email gives us a light at the end of the tunnel?

 

[Radko]

Do you think this email gives us a light at the end of the tunnel?

I do think we will get our money before the end of the year, but it's obvious by now the Receiver is not in a hurry to end this liquidation. He received the funds from Novo bank almost a year ago and here we are, still waiting. I'm not surprised Qenta got tired of spending their money with no end in sight.
All the documents the Receiver is requiring from customers are completely unnecessary, he knows very well how much money each customer had, but of course the longer this process takes, it's more money for the Reciever.

 

[Pschiff]

My take on Qenta's decision to terminate the purchase agreement is that it further validates my belief that the receiver is either incompetent (he had zero banking experience prior to getting appointed receiver) or he has deliberately sabotaged the liquidation process for his own unjust enrichment. Of course, it could be both. I agree that he will likely use this termination to further delay the return of any customer funds, while he continues to use Euro Pacific Bank as his own personal piggy bank. Hopefully my lawsuit against him will not get dismissed, and I will be able to get actual evidence to confirm my suspicion in discovery.

 

[DJohnson]

God afternoon,

I am new in the chat and am reading from the back.. sorry to say, but I see a lot of talking and very little useful information. And a bit surprised there's no further mention of the class action.
From what I have read so far, Qenta already has the metals deposits. There should be no reason for ghosting, us, unless they are stealing. Time to act.
I'll be happy to join a class action as mentioned in this post.

 

[against the wind]

God afternoon,

I am new in the chat and am reading from the back.. sorry to say, but I see a lot of talking and very little useful information. And a bit surprised there's no further mention of the class action.
From what I have read so far, Qenta already has the metals deposits. There should be no reason for ghosting, us, unless they are stealing. Time to act.
I'll be happy to join a class action as mentioned in this post.

just now Qenta stated they will return all assets to the Trustee. All. so what class action you want to do?

 

[Pschiff]

just now Qenta stated they will return all assets to the Trustee. All. so what class action you want to do?

The best class action would be against OCIF and the IRS, as there was no valid reason to block the sale to Qenta in the first place, no valid reason to reject other qualified buyers who wanted to buy the bank, and no valid reason for putting the bank into receivership, when I offered to liquidated the bank myself. Had OCIF allowed me to do that, all customers would have been made whole three years ago.

 

[Radko]

when I offered to liquidated the bank myself.

Why the Commissioner didn't allow you to liquidate the bank? Did she ever give you a logical reason, why the need for a Receiver?

 

[Pschiff]

Why the Commissioner didn't allow you to liquidate the bank? Did she ever give you a logical reason, why the need for a Receiver?

No. My lawsuit alleges it was done at the request of the IRS, to make the bank look guilty of the crimes the J5 investigation found no evidence the bank committed.

 

[DJohnson]

just now Qenta stated they will return all assets to the Trustee. All. so what class action you want to do?

Right after my previous posting, I received Quenta's email. While I think it's good news, I still think we should take a more active stance. I am not a lawyer and cannot say what to do. I am just saying we must not stay inactive, and that I am willing to consider legal action. Perhaps there will be someone able to give more informed advice.