Euro Pacific bank is a scam

[EPBVictim01]

I think everyone will get their funds back, though the recovery may not be 100%. I guess it all depends on how much longer it takes. I hoped my lawsuit would force the Receiver to speed things up, as if customer funds have not been returned by the trial date it will look very bad for him.

I think everyone will get their funds back, though the recovery may not be 100%. I guess it all depends on how much longer it takes. I hoped my lawsuit would force the Receiver to speed things up, as if customer funds have not been returned by the trial date it will look very bad for him.

Thanks for your reply. I hope you are right. It’s really frustrating that we can’t do anything against them

 

[Alpinist]

The ugly truth here is that PS suing OCIF and Receiver as a private individual and this case has nothing to do directly with EPB customers. So there will be only one winner If any.

 

[Pschiff]

The ugly truth here is that PS suing OCIF and Receiver as a private person and this case has nothing to do directly with EPB customers. So there will be only one winner If any.

Yes, the customers are not plaintiffs in my lawsuit. But if I win they can all sue individually or collectively, using my win to prove their case. I win for me is a win for every customers who wishes to pursue a claim.

 

[Alpinist]

I agree this one with you, but your lawsuit might last up to 3-5 years to be a bit optimistic and receiver is using funds of EPB to protect himself without any limitations.

 

[Alpinist]

Where did you get that information?

It is not relevant where I got this information, Peter knows it as well and he will not say anything here. Qenta has about 20MM or had…

“Being silent means yes”

 

[Pschiff]

It is not relevant where I got this information, Peter knows it as well and he will not say anything here. Qenta has about 20MM or had…

“Being silent means yes”

NO i had no idea Qenta has been issued an IFE license by Puerto Rico. So I don't hink they have one. It anyone thinks they do I would like to see some proof.

 

[Vqn]

I am getting very confused here.
Is Qenta in financial trouble?
They are in control of the opt-ins funds and are using them in daily business operations?

 

[Vqn]

I think everyone will get their funds back, though the recovery may not be 100%. I guess it all depends on how much longer it takes. I hoped my lawsuit would force the Receiver to speed things up, as if customer funds have not been returned by the trial date it will look very bad for him.

When will the trial begin?

 

[SCHLOSSFINANZ]

I am getting very confused here.
Is Qenta in financial trouble?
They are in control of the opt-ins funds and are using them in daily business operations?

well as I researched 2 Qenta companies in Switzerland have been struck off from the register for non compliance.
A serious Fintech would never ever allow that to happen

 

[Radko]

At the moment Opt-in customers are not customers of Qenta.
In order to be a Qenta customer, you have to download the Qenta App and register to open an account.

So the question is, what is the status of Opt-in customers at the moment?
And can Qenta hold on to the funds once the funds become available?

 

[Vqn]

well as I researched 2 Qenta companies in Switzerland have been struck off from the register for non compliance.
A serious Fintech would never ever allow that to happen

Would this not be illegal for them to do?
In a liquidation the reciever would safeguard all funds until they are distributed to depositors, or is this not the case?

 

[Radko]

Would this not be illegal for them to do?
In a liquidation the reciever would safeguard all funds until they are distributed to depositors, or is this not the case?

I'm sure the funds are safe at the moment, the question is what happens once the Receiver sets an official migration date and Qenta has full control of the funds?

 

[Vqn]

I'm sure the funds are safe at the moment, the question is what happens once the Receiver sets an official migration date and Qenta has full control of the funds?

I am also an opt-in customer so I too are hsving thoughts about this ..

 

[SCHLOSSFINANZ]

here its different because its an so called "Asset-Deal"...

 

[Martin Everson]

We have talked about Qenta and their background in past and there are stil lots of red flags. i.e the failed merger due to inability to provide audited financials to Coinvestor and then paying terminaton fees to them in stock and not cash . The way the Swiss entities were liquidated also. But does Qenta actually have any cash or is it all clever talk from them without providing audited financials or having any actual money. They certainly were unable to provide Coinvestor with any audited financials .

Post in thread 'Euro Pacific bank is a scam'

Aug 10, 2024

Here is an article announcing the termination of the deal Blockchain Coinvestors Acquisition I Terminates Qenta Deal | DealFlow's SPAC News

Yes.....does not look good does it?


"The SPAC aaid the decision was based “primarily based on Qenta’s failure to (i) deliver the Closing Company Financial Statements (as defined in the merger agreement) by the applicable deadline and (ii) comply with the Financial Information Obligations.”

It backs the point I made when I asked it would be nice to see Qenta's financials? I am not saying there is anything amiss but...

• Martin Everson

• 

Qenta CEO has been part of 3 failed companies that we know about. Do people even know which exact Qenta entity in which country received the EPB funds? I ask as if that entity is in a weak jurisdiction and goes belly up [same was as the other entities CEO was involved with] your money is gone folks.

P.S Again without audited financials no one has any idea what has happened to client money that was given to Qenta.

 

[Radko]

Perhaps @Pschiff can tell us where is Qenta keeping the funds, is it in a U.S. bank, or is it in some shady jurisdiction?