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Euro Pacific bank is a scam

#2,921
danielboros said:
If the issue was that deposits were not segregated then OCIF could have made an ultimatum stating that if the money is not put back and segregated in the future than they will shut down the bank. Instead they just shut down the bank. Whatever their agenda was they didn't care about the depositors not then and not now and not in the future.
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The missing deposits were not the only problem with the bank! They also did not renew their banking license multiple times and then had to pay a fine. They were asked for documents by regulators, but they refuse to submit what was asked. The list goes on and on and the bank seems to behave as if they were above the law and ultimately had to be shutdown, causing tremendous problems for customers. Then after the bank got shutdown, there was the shady deal with Qenta and it seems those who opted to move to Qenta now have their money at risk.
 
#2,922
@john8899 I'm pretty sure Peter said the reason why they couldn't renew their license was because OCIF refused to approve it (after doing the opposite for many years). So we don't know what happened, but I guess it would make sense that Peter would sabotage his own bank for no reason... I mean why wouldn't he do that?
The shady deal with Quenta was approved by OCIF who's responsibility it should have been to safeguard the money, but I guess no government agency can be responsible for their own actions in this Universe.
 
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