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Euro Pacific bank is a scam

#2,142
Conclusion: Peter Schiff´s lawsuit (that I hope he wins, and he is a guy I repect) made the receiver totally STALL....nothing after 11th of october "liquidation plan will be published in a few weeks" ...NOW we are at best with 1-3 years extra time, and as he is being sued together with "the entire world" of course he colludes with them and charge himself monthly.
 
#2,143
James123456 said:
Conclusion: Peter Schiff´s lawsuit (that I hope he wins, and he is a guy I repect) made the receiver totally STALL....nothing after 11th of october "liquidation plan will be published in a few weeks" ...NOW we are at best with 1-3 years extra time, and as he is being sued together with "the entire world" of course he colludes with them and charge himself monthly.
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He has not even been served yet.
 
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#2,147
James123456 said:
Conclusion: Peter Schiff´s lawsuit (that I hope he wins, and he is a guy I repect) made the receiver totally STALL....nothing after 11th of october "liquidation plan will be published in a few weeks" ...NOW we are at best with 1-3 years extra time, and as he is being sued together with "the entire world" of course he colludes with them and charge himself monthly.
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Because the receiver hasn't been stalling before? Peter should have sued immediately after OCIF choose the nuclear option. That's the only stalling that should have been avoided. If you don't fight for your business the criminals will take over and do with it whatever benefits them. Whether they wear a suit and tie makes little difference. A thief is a thief.
 
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#2,150
Vqn said:
To be honest, at this point i don’t really get what is the issue(s)?!
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You can read the latest Receiver report update (oct 25) what the issue is according to the Receiver :

"Finally, the funds deposited at EPIB main bank accounts held with the correspondent bank were received by the undersigned. By this date all bank accounts in custody of the trustee have been reconciled and remain deposited at Axos Bank. Despite progressing significantly in the customers’ accounts reconciliation, we remain working in this process with the assuming entity. All customers should know that there have been no distributions nor transfers of funds to any customers by the trustee nor the assuming entity. Until this reconciliation process is completed and approved by the Office of the Commissioner, all customers remain in the same condition, that is awaiting the commencement of the liquidation process. Opt-Out customers should be advised that the notices required by the Office of the Commissioner of Financial Institutions have not yet been released. Once the reconciliation is finalized and approved by the Office of the Commissioner of Financial Institutions, we will be in a position to set an official migration date, which will be communicated to the customers accordingly".
 
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#2,151
Lemon said:
You can read the latest Receiver report update (oct 25) what the issue is according to the Receiver :

"Finally, the funds deposited at EPIB main bank accounts held with the correspondent bank were received by the undersigned. By this date all bank accounts in custody of the trustee have been reconciled and remain deposited at Axos Bank. Despite progressing significantly in the customers’ accounts reconciliation, we remain working in this process with the assuming entity. All customers should know that there have been no distributions nor transfers of funds to any customers by the trustee nor the assuming entity. Until this reconciliation process is completed and approved by the Office of the Commissioner, all customers remain in the same condition, that is awaiting the commencement of the liquidation process. Opt-Out customers should be advised that the notices required by the Office of the Commissioner of Financial Institutions have not yet been released. Once the reconciliation is finalized and approved by the Office of the Commissioner of Financial Institutions, we will be in a position to set an official migration date, which will be communicated to the customers accordingly".
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Much ado about nothing. In plain English: "Sit back on your a*s, shut up and keep waiting."
 
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#2,152
Pschiff said:
There is a lot of information on what happened to the bank on this website 9fraud.com. I will be posting the lawsuit I recently filed as soon as the first parties are served.
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Good evening Peter! Will you post the lawsuit now that all parties this week have been served? I see that as of Wednesday the 27th you have the CERTIFICATE OF SERVICE (=a document in which a party certifies to the Court that any document filed with the Court has been mailed or otherwise served on all other parties) - I was given this source from a fellow customer: https://www.pacermonitor.com/public/case/55723734/Schiff_v_Internal_Revenue_Services_et_al
 
#2,153
James123456 said:
Good evening Peter! Will you post the lawsuit now that all parties this week have been served? I see that as of Wednesday the 27th you have the CERTIFICATE OF SERVICE (=a document in which a party certifies to the Court that any document filed with the Court has been mailed or otherwise served on all other parties) - I was given this source from a fellow customer: https://www.pacermonitor.com/public/case/55723734/Schiff_v_Internal_Revenue_Services_et_al
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where did you see that if you only have been provided with this link above after you asked someone?
GF150 said:
Much ado about nothing. In plain English: "Sit back on your a*s, shut up and keep waiting."
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exactly I do not believe anything will be faster or change anytime now!
Lemon said:
You can read the latest Receiver report update (oct 25) what the issue is according to the Receiver :

"Finally, the funds deposited at EPIB main bank accounts held with the correspondent bank were received by the undersigned. By this date all bank accounts in custody of the trustee have been reconciled and remain deposited at Axos Bank. Despite progressing significantly in the customers’ accounts reconciliation, we remain working in this process with the assuming entity. All customers should know that there have been no distributions nor transfers of funds to any customers by the trustee nor the assuming entity. Until this reconciliation process is completed and approved by the Office of the Commissioner, all customers remain in the same condition, that is awaiting the commencement of the liquidation process. Opt-Out customers should be advised that the notices required by the Office of the Commissioner of Financial Institutions have not yet been released. Once the reconciliation is finalized and approved by the Office of the Commissioner of Financial Institutions, we will be in a position to set an official migration date, which will be communicated to the customers accordingly".
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Do you believe what they wrote inside there?
 
#2,157
Pschiff said:
Here is the civil rights lawsuit I filed on Nov. 4th 2024
https://9fraud.com/civil-rights-claim/
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"WIGBERTO LUGO, in his official capacity as the OCIF Trustee,"

When I asked if you were suing him in official or personal you said "both" below but doc says only official

P

Post in thread 'Euro Pacific bank is a scam'

Martin Everson said:
Are you suing the OCIF appointed receiver in his official capacity or on a personal basis?
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both

Suing him in his official capacity will likely go nowhere and just delay things possibly.
 
#2,158
Martin Everson said:
"WIGBERTO LUGO, in his official capacity as the OCIF Trustee,"

When I asked if you were suing him in official or personal you said "both" below but doc says only official

P

Post in thread 'Euro Pacific bank is a scam'

Martin Everson said:
Are you suing the OCIF appointed receiver in his official capacity or on a personal basis?
Click to expand...
both

Suing him in his official capacity will likely go nowhere and just delay things possibly.
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Why would it go no where? He violated his fiduciary duty to act in the best interest of the bank's creditors and shareholder. I have a good case against him. Also, I doubt it will delay the return of customer funds, which will have been tied up for three years in June. If anything it will shine a spotlight on him to speed up the process.
 
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#2,160
SCHLOSSFINANZ said:
sorry Peter you are danergously wrong. But time will tell. I hope the depositors will get their money back soon
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I highly doubt that anyone will get their money back. Nobody here should be surprised if all of it gets lost as a side effect of a random unforeseen and unfortunate event. That's my bet.
 
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