Euro Pacific bank is a scam

[SCHLOSSFINANZ]

and still part of the people wonder why OCIF declined Qenta to be fit-and-proper to be shareholder of EPB...

 

[SCHLOSSFINANZ]

From what I can tell Qenta also has some of the Opt out funds, which it needs to transfer back to the bank. OCIF told me that any funds not withdrawn by customers would be forfeited to the Puerto Rico government. Given that Puerto Rico is bankrupt, I was worried that it would be very difficult if not impossible for customers to retrieve their funds. So I thought having all the funds not withdrawn by customers going to Qenta was better than having them go to the Puerto Rico government. It would have been much better for customers had the OCIF Commissioner allow Qetna to buy the bank. Qenta was requited to add $8 million in capital, which would have raised total capital to over $10 million. But due to her secret deal with the IRS to promote the J5, she could not allow the bank to stay in business.

Sorry your statement is omitting facts, yes if money is not claimed it is forfeited to the PR government, but this happens after at least 24 months! So depositors have plenty of time to get the funds transferred

 

[Martin Everson]

From what I can tell Qenta also has some of the Opt out funds, which it needs to transfer back to the bank.

Do you literally mean some of the client funds who opted out still got sent to Qenta?

How did this happen?

Which Qenta entity and jurisdiction holds legally the clients funds?

 

[EPBVictim01]

Do you literally mean some of the client funds who opted out still got sent to Qenta?

How did this happen?

Which Qenta entity and jurisdiction holds legally the clients funds?

Please clarify this @Pschiff

 

[Alpinist]

The receiver promised to have a liquidation plan in last year. But now due the lawsuit everything is frozen for the time being..

The normal order after liquidation to share the funds, which are still left..
1. Receiver
2. Customers
3. Shareholders

Now, PS has taken position 2 above and he sure will claim some 30MM compensation including reputation and other financial damages.

We pay now in way all the show as receiver is using our funds to protect himself.

I am also a bit suspicious that OCT group alone is able to file a lawsuit against the state of PR and receiver.