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Euro Pacific bank is a scam

#2,082
Pschiff said:
Today I filed a federal civil rights lawsuit against former IRS Chief Jim Lee, OCIF Commissioner Natalia Zequeria, the OCIF appointed receive
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Are you suing the OCIF appointed receiver in his official capacity or on a personal basis?
 
#2,084
Good luck but the legal fees is going to run into the multi millions of dollars if you lose once all appeals etc are exhausted. Your on the hook for all those deep pocket legal defense bills if you lose. But your good to absorb the loss just in case I guess.
 
#2,085
Martin Everson said:
Good luck but the legal fees is going to run into the multi millions of dollars if you lose once all appeals etc are exhausted. Your on the hook for all those deep pocket legal defense bills if you lose. But your good to absorb the loss just in case I guess.
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indeed, this can be very expensive for Mr. Schiff.

Anyway, its a clearly conspiracy by authorities and the odds are with Peter. For us, customers, we want our money back - but in case Peter wins this process in the just, open the track for 3000 new sues against the authorities (one per customer affected).
 
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#2,087
Martin Everson said:
Good luck but the legal fees is going to run into the multi millions of dollars if you lose once all appeals etc are exhausted. Your on the hook for all those deep pocket legal defense bills if you lose. But your good to absorb the loss just in case I gues
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It's not loser pay in the U.S. So it's very unlikely I would have to pay the attorney fees of the defendants if I lose. But you are correct in that I could end up paying a lot of money for my own legal fees.
 
#2,088
Pschiff said:
But you are correct in that I could end up paying a lot of money for my own legal fees.
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Can the receiver use the receivership estate assets to defend a legal case brought to him in his official capacity as an appointed receiver while carrying out his duties? I am no legal expert but I hope this was investigated before actions were taken. Otherwise clients money could be drained in protracted litigation at an alarming rate.
 
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#2,089
Martin Everson said:
Can the receiver use the receivership estate assets to defend a legal case brought to him in his official capacity as an appointed receiver while carrying out his duties? I am no legal expert but I hope this was investigated before actions were taken. Otherwise clients money could be drained in protracted litigation at an alarming rate.
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I don't think he can use the bank's asset to defend against a personal lawsuit filed by me against him? But he likely has insurance to cover this.
 
#2,090
Pschiff said:
I don't think he can use the bank's asset to defend against a personal lawsuit filed by me against him? But he likely has insurance to cover this.
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When suing him on a personal basis it is clear he cannot use client funds. But your suing him in both an official and personal capacity as you confirmed above. So can he use receivership assets [client funds] to defend himself in his official capacity as receiver?

I don't know how it works in US but I would double check with your legal team before there is a nasty surprise here with more delays and clients funds getting eaten by some expensive legal bills.
 
#2,091
Martin Everson said:
When suing him on a personal basis it is clear he cannot use client funds. But your suing him in both an official and personal capacity as you confirmed above. So can he use receivership assets [client funds] to defend himself in his official capacity as receiver?

I don't know how it works in US but I would double check with your legal team before there is a nasty surprise here with more delays and clients funds getting eaten by some expensive legal bills.
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My lawyer said he can't. I am not suing the bank. I'm suing him. Even if it's in his capacity as trustee, he can not use the bank's money to defend against a personal lawsuit against him as trustee of the bank.
 
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#2,095
SCHLOSSFINANZ said:
I am afraid/scared that the receiver will halt the liquidation because of this....
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I doubt it. If anything it will create an incentive to speed up the process. The unnecessary delay if part of my lawsuit. Its damaging my reputation and costing me money. In fact, but for my lawsuit, he may never return the money. He just keeps coming up with excuses not to.
 
#2,098
seems partly like a PR stunt. Tax officials from Australia, Canada, Netherlands and UK enjoy functional immunity for offical acts during their duty and can not be defendants in a lawsuit in a foreign court. His attorney Lanny Davis should really know that...
 
#2,099
SCHLOSSFINANZ said:
seems partly like a PR stunt. Tax officials from Australia, Canada, Netherlands and UK enjoy functional immunity for offical acts during their duty and can not be defendants in a lawsuit in a foreign court. His attorney Lanny Davis should really know that...
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Lanny Davis is not the attorney for this action. Those foreign officials came to the U.S. to participate in a press conference and made false and defamatory comments about the bank as part of the conspiracy. They repeated those comments after the press conference. We argue that their appearance in Puerto Rico to commit a tort makes them subject to U.S. jurisdiction. Even if I they end up being dropped as defendants, at least hey've been named to highlights their guilt. But they are not immune as you say. I could certainly sue Simon York in the U.K. under U.K. law, which is actually very good on this subject.
 
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#2,100
If Puerto Rico is really a banana republic like where I live I would watch your back as life is cheap in some places sadly when pursing local people in court :(. Lost a friend to this type of situation so if you don't know who is who and how they may be connected to underworld take strong measures to protect yourself now.
 
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