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Euro Pacific bank is a scam

#2,382
Let’s assume PS will win his private lawsuit and get 56MM. He advised us to file other lawsuit right after and we will get all the funds back about 60MM and it is happy end.

I cannot believe this one, not even in my wildest dreams. It just will never happen.

The little island of Puerto Rico will not exist anymore.
 
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#2,383
James123456 said:
The USD 20mll Qenta had & the 47 mll USD the receiver had = probably roughly the final allocation claim - even though the split is roughly equal beween opt-in/out in terms of number of actual clients :
A) all "non-responders" automatically became opt-ins and many here would have neglible deposits
B) I know several million USD depositors who are opt-out.

Hence the USD 20mll is probably the entire sum of Opt-ins. Sent to a financial start company (Qenta just had 3 year history) AND involved in speculative business (digital assets) and HIGHLY risky by its very nature - see for instance https://flabizlaw.org/member-articl...section-of-digital-assets-and-bankruptcy-law/ or https://www.isda.org/a/CrLgE/Naviga...ermediaries-and-Customer-Asset-Protection.pdf

But poor customers, many of them not having a financial background, were lured in...under the pretense of a QUICK payback and the false premise that Qenta was a "highly qualified buyer" as Schiff stated
Click to expand...
James even worse! Qenta company was registered in 2019 but it didn’t offer any (digital) product until 2021 and LESS than one year before the EPB Cease & Desist order in 2022!

USD 20mll certainly was very convenient liquidity for a start up company like Qenta!

And what did people expect? That Qenta would just let this money “sit there”? Of course, they invested it in their (by nature) highly risky business! And opt-in people signed up for this!

(Even safe banks worldwide invest deposits: It is called “Fractional-reserve banking”. But of course, these banks don’t tend to go bankrupts, and typically, they are backed up by their central bank. Qenta is a whole different beast!)

That said: Opt-in clients were manipulated into Qenta and this WILL be the biggest scandal of all this once it becomes evident that this cash has vanished! Watch…

NOT that the receiver took his time, and NOT some delusional claims that the US government (including IRS and OCIF) are on a vendetta personally against Peter Schiff!
 
#2,384
It is also very easy to orchestrate an innocent bankruptcy and then move the money to a new entity / to the same beneficial owners under a new entity.

After that the opt ins have no chance to get anything back. It is a perfect crime indeed.
 
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#2,386
Alpinist said:
PS is also shareholder with Qenta.
It is smart to start risky business using funds of opt in clients. It shows a good moral indeed.
Click to expand...

Peter is not a Qenta shareholder.
He would have received some shares had the sale of EPB gone through.
The fact is that Peter lost everything, literally.

There isn't anything else to say until the Receiver finishes liquidating EPB.
At the moment there are zero evidence to think that Opt-in and Opt-out customers won't get their money back, zero evidence.
 
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#2,387
Radko said:
Peter is not a Qenta shareholder.
He would have received some shares had the sale of EPB gone through.
The fact is that Peter lost everything, literally.

There isn't anything else to say until the Receiver finishes liquidating EPB.
At the moment there are zero evidence to think that Opt-in and Opt-out customers won't get their money back, zero evidence.
Click to expand...
There are Radko, unfortunately. It is Qenta blocking the liquidation now and even the receiver has indicated (indirectly) this to fellow customers – and it is the only logical explanation when you think about it.

Don’t believe me? I suggest you call directly the sources on their cell phones:

XXXXXXX

XXXXXXX

And how do I (and others) have these phone numbers? They are easily available online using public sources: Yellow pages locally in PR in the case of the receiver and public Qenta filings in the case of Carlos.
 
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#2,388
James123456 said:
There are Radko, unfortunately. It is Qenta blocking the liquidation now and even the receiver has indicated (indirectly) this to fellow customers – and it is the only logical explanation when you think about it.

Don’t believe me? I suggest you call directly the sources on their cell phones:

XXXXXXX

XXXXXXX

And how do I (and others) have these phone numbers? They are easily available online using public sources: Yellow pages locally in PR in the case of the receiver and public Qenta filings in the case of Carlos.
Click to expand...

You are saying that Qenta is blocking the liquidation and the Receiver has indicated this to customers?

I haven't heard anything whatsoever.
Where do you get that?
 
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#2,389
Martin Everson said:
Well it was actually clients that agreed and not anyone else. There was an option to simply opt out of not using Qenta and have funds returned to a bank of their choice. Some clients decided they wanted their assets to flow to Qenta - rightly or wrongly so its on them.

So basically clients chose the Qenta option and assumed all downstream risks. i.e if my account was being closed and I asked my money to be sent to my account at Bank of Haiti its on me and not receiver what happens after a successful wire transfer.

I am just confused as to why Peter said some opt-out assets went to Qenta.
Click to expand...
not for me I tried to opt out and they blocked my request of transfer. it was too 'late' lol. it was a few months before the first official liquidation update. they did't want to give me back my money
 
#2,390
Redko, I confirm also that Qenta is blocking the liquidation.

I have got this info from my friend already some time ago. I do have the copy of this letter (black on white) but as it is a personal and confidential letter from the receiver. I cannot include this letter here as an attachment.

You just need to trust me.

The shareholders of Qenta have several legal companies all around , which I do not like at all.
 
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#2,391
Alpinist said:
You just need to trust me.
Click to expand...
1736793925058.webp
 
#2,393
Alpinist said:
Redko, I confirm also that Qenta is blocking the liquidation.

I have got this info from my friend already some time ago. I do have the copy of this letter (black on white) but as it is a personal and confidential letter from the receiver. I cannot include this letter here as an attachment.

You just need to trust me.

The shareholders of Qenta have several legal companies all around , which I do not like at all.
Click to expand...

When I was in the military we used the term Rumint:
Short for "rumor intelligence", it refers to unverified or questionable information.
 
#2,397
Radko said:
You are saying that Qenta is blocking the liquidation and the Receiver has indicated this to customers?

I haven't heard anything whatsoever.
Where do you get that?
Click to expand...
Hi Radko –

  • I invite you to contact the receiver/Qenta. We are a large group, and we have had certain confirmations.
  • The 4.15% ownership (Schiff in Qenta) is a fact that has been confirmed from several sources - even Schiff himself:
“My continued tie to the bank that resulted from my 4.15% ownership of Qenta stock” (https://www.offshorecorptalk.com/threads/euro-pacific-bank-is-a-scam.30470/page-46)

”She turned down the sale to Qenta due to my 4.15% ownership of Qenta stock.” ( https://www.offshorecorptalk.com/threads/euro-pacific-bank-is-a-scam.30470/page-57)

But as opt-in clients now face the risk of DISASTER with the start-up company QENTA, Schiff told us not to worry too much, as it is just part of life to lose money:

“Life is full of risks. Many banks fail, and if deposits are uninsured, customers can lose a lot of money” (https://www.offshorecorptalk.com/threads/euro-pacific-bank-is-a-scam.30470/page-34)
 
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#2,398
James123456 said:
Hi Radko –

  • I invite you to contact the receiver/Qenta. We are a large group, and we have had certain confirmations.
  • The 4.15% ownership (Schiff in Qenta) is a fact that has been confirmed from several sources - even Schiff himself:
“My continued tie to the bank that resulted from my 4.15% ownership of Qenta stock” (https://www.offshorecorptalk.com/threads/euro-pacific-bank-is-a-scam.30470/page-46)

”She turned down the sale to Qenta due to my 4.15% ownership of Qenta stock.” ( https://www.offshorecorptalk.com/threads/euro-pacific-bank-is-a-scam.30470/page-57)

But as opt-in clients now face the DISASTER with the start-up company QENTA, Schiff told us not to worry too much, as it is just part of life to lose money:

“Life is full of risks. Many banks fail, and if deposits are uninsured, customers can lose a lot of money” (https://www.offshorecorptalk.com/threads/euro-pacific-bank-is-a-scam.30470/page-34)
Click to expand...
Hello James,

I really appreciate your thorough statements on this forum but do you know how the funds at Qenta are managed?
Are they perhaps in escrow-account that the reciever oversees and can’t be touched or are the funds transferred to Qenta for them to use as they want to?
 
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