Euro Pacific bank is a scam

[danielboros]

It’s crazy how quiet they got the last weeks. I’m starting to get more concerned than ever. I think it’s really time to do something and not keep quiet watching till we will get our funds back.

I'm open to suggestions.

 

[EPBVictim01]

I'm open to suggestions.

I have also no idea what really helps. Maybe we should really look for a lawyer.

By the way there was shroud earlier who were collecting people for a solicitor and they got very quiet here, maybe they know something.

 

[Martin Everson]

Maybe we should really look for a lawyer.

You want to find a law firm to take on another law firm on a small banana republic island where everyone probably knows each other?

 

[EPBVictim01]

You want to find a law firm to take on another law firm on a small banana republic island where everyone probably knows each other?

Yeah I know it’s probably not the best solution… but what helps then is? Visit the receiver and make him clear he needs to speed up the process ?

 

[danielboros]

We should do a class action lawsuit against OCIF and the IRS.

 

[EPBVictim01]

We should do a class action lawsuit against OCIF and the IRS.

Yeah I think we should definitely do something. Just being quiet and hoping will not help at all…

 

[SCHLOSSFINANZ]

guys just to give you an idea.

Flowbank in Switzerland was closed last June 24. I am still waiting for my equities to be transferred.

Banking liquidations take a lot of time

 

[JackAlabama]

guys just to give you an idea.

Flowbank in Switzerland was closed last June 24. I am still waiting for my equities to be transferred.

Banking liquidations take a lot of time

Thats not good.
After all its being touted left and right you own the stocks, so everyone just assumes such a transfer is quick and easy. Since the stocks are not part of the liquidation process, Id also expect that process to be quick, like a week or two.

But reality is, thats not the case at all. It will take a long time.

I bet nothing would happen if youd need to sell the stocks to fund an medical emergency in the meantime.
One more to the great taking then (that one does not own stocks really and it being merely an illusion).

how fast was the cash transferred? Do you wait for the cash as well?

 

[SCHLOSSFINANZ]

no cash was transferred in ca. 10 days, because thats privilieged money under the Depositor scheme.
Thats why it is so bad that EPB was never FDIC insured. If they would be FDIC member the depositors would get the
money in a matter of days

 

[Martin Everson]

Yeah I know it’s probably not the best solution… but what helps then is? Visit the receiver and make him clear he needs to speed up the process ?

Not a good idea unless you agree to meet with him ans he accepts. It could be taken as intimidation as emotions can run high in such situations.

We should do a class action lawsuit against OCIF and the IRS.

You can try, I mean any law firm would be happy to take your money to do such a futile exercise as its money in their pocket at end of day. However if your looking to do it on some sort of no win no fee basis you will be laughed out of the office. Your suing the I.R.S a federal government agency not Mr Jones 24hr plumbing service in Cleveland Ohio. Your taking on the federal government of the U.S.

Just be patient I would say.

 

[nobel]

guys just to give you an idea.
Flowbank in Switzerland was closed last June 24. I am still waiting for my equities to be transferred.
Banking liquidations take a lot of time

I also had an account there and got all the money and securities a long time ago, I received my money on July 2nd!! Did you have more than 100K?

 

[ilke]

no cash was transferred in ca. 10 days, because thats privilieged money under the Depositor scheme.
Thats why it is so bad that EPB was never FDIC insured.

An Entidad Financiera Internacional can theoretically join the FDIC insurance scheme but there are none that are currently participants, they're ultra-lucky if they can even get a Fed master account.

A classic bank license in Puerto Rico would be ineffective for serving foreign clientele in the way that EPB did and I do not believe it would be granted in the first place, just because that's not the correct application for it.

If they would be FDIC member the depositors would get the
money in a matter of days

A great flight of fancy

 

[SCHLOSSFINANZ]

yes this is public knowledge, nevertheless it is possible. Also EPB never had a Fedwire acocunt so that is also a big issue for the liquidation process. Then the Novo sage never would have happened...

 

[SCHLOSSFINANZ]

I also had an account there and got all the money and securities a long time ago, I received my money on July 2nd!! Did you have more than 100K?

as I wrote I received my cash in ca. 10 days, but still no shares yet. There are a lot of customers still waiting for their shares

 

[nobel]

as I wrote I received my cash in ca. 10 days, but still no shares yet. There are a lot of customers still waiting for their shares

Normally this should be the case, especially if your other account is also in Switzerland.
Please write to me privately or reply to my DM!!