Euro Pacific bank is a scam

[James123456]

This will be my last message for the foreseeable future:

Noone says Qenta is a scam as the company exists and is seemingly operating.
But let´s face it:

• Numerous key players have confirmed that the delay now is because of Qenta and funds at Qenta are NOT segregated. Why would they be? It is not standard for banks/financial institutions to segregate funds AND no one demanded it! Not a single opt-in customers thought about this. They just thought “I am going to be an opt-in and I will be paid back quicker”. Zero due diligence / concerns about counterparty risk.
• Qenta: . A company barely with any products when the liquidation started (its first product came in 2021 as they say on the webpage). Hence a start-up
• Qenta: Does digital products and opens tons of offices globally. Imagine how much cash that burns AND (like bitcoin, say) anything digital is just high high high risk / speculative
• Add to that the numerous other red flags rgd. Qenta pointed out by smart people in this forum. And notice that the receiver WILL point you to Qenta IF you are and opt-in. People have been seperated long time ago!
• Peter Schiff now vanished and is unlikely to return to this forum. He was the creator of this opt-in concept that never made any sense. His only comment (from last week) was that Qenta was good for people “without a bank account” (makes no sense: I bet that all customers had a secondary account besides EPB – as long as same beneficial owner it is OK, look at other liquidations) and that otherwise OCIF would “take the funds” (makes no sense either, as was pointed out this would take at least a few years). Schiff makes many inaccurate statements that sound good “in a sales context” but are actually very flawed! Just like the comment that the receiver "is incompetent as he does not have any banking experience" (also wrong as not relevant. You dont need a particular industry experience to be a liquidator) or that the receiver "should have looked at potential EPB buyers" (also wrong, not a liquidators job)
• You guys remember the charming sales pitch Qenta did in autumn 2022 to everyone? Compare that to now where you won’t get an answer from Qenta! - the so-called “highly qualified buyer” as Schiff, the Qenta shareholder, always states.

Something truly smells bad- but reach out to the stakeholders if you don’t believe me!

 

[Radko]

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)

The 4.5% ownership of Qenta was part of the deal.
In other words, had the sale of EPB gone through, Peter would have received money and shares of Qenta, but the deal did NOT go through.
So Peter ended up with zero shares of Qenta, he lost the bank, and everything that was involved in the deal.
Although this is completely irrelevant for customers.

And, if there is now some sort of problem with Qenta and the liquidation of EPB, they should make it public.
Obviously the Receiver/OCIF feel comfortable working with Qenta to liquidate EPB.

But don't get me wrong, I've never liked Qenta. I was very disappointed when Qenta was announced as the company that was going to buy EPB.
I even made a few comments on this forum many months ago asking if Qenta could be trusted, but to say that Qenta is somehow going to steal the funds, is a very bold statement.

Time will tell...

 

[NorthernDutchman]

This is the latest press-release involving Quenta. So they are still in business.
https://investors.truststamp.ai/pr/...enerate-up-to-43m-of-revenue-receipts-in-2025

 

[Martin Everson]

Guys please don't publish peoples personal cellphone numbers etc. I have had to edit posts to remove them.

Thanks


P.S Also in terms of Qenta, PS stated the below himself.

As soon as OCIF approved the sale of the bank, Qenta was required to deposit $7 million in cash into the bank. That would have rasied total capital to about $10 million. That was millions more than the bank needed to be fully compliant with OCIF's rules. Also, I was to receive 130 shares of Qenta stock, three million in cash and two million worth of G-coin. The G-coin quantity was fixed at $1,800 gold. So those G-coin would be worth about $2.7 million today.

 

[Martin Everson]

2) Qenta was not-fit-and proper (look at 9fraud.com a site from PS apparently) where OCIF wrote to PS lawyers that Qenta was not disclosing needed information and tried to hide business dealings in Bosnia Herzegovina (FATF grey listed) and Syria (FATF black listed)

Hi Guys as @SCHLOSSFINANZ suggested in some posts back. You guys really need to look at 9fraud.com website and documents starting from page 11 and work your way forward to 2024.

https://9fraud.com/category/exhibit/page/11/

All the internal stuff i.e below is worrying or just disgruntled ex-employee? :

https://9fraud.com/email-from-former-euro-pacific-bank-it-manager-to-peter-schiff/

It looks to me that problems with bank go way back.