ok, but it's right to give him the chance to clarify what happened to the gold and silver...lets wait and see....I don't think Schiff is going to answer that question in an honest manner. He has been hiding the fact he mastermined the Qenta deal and he was only exposed by the people here who dug into it. His has omitted facts and dodged questions posed here, so it only adds to more proof that he's here to enrich himself. I think it's high time customers band together to launch a class action against him as many many people have lost their lifesavings while Schiff enjoys going on multiple luxury vacations every year and shopping for yachts.
Of course the receiver, I'm an opt-out client. You keep talking about opt-in clients, gold, silver and whatever, but what are you doing in practice? Nothing, pages and pages of useless posts without even having an idea on how to get back your (our) money. Thousands of assumptions, same questions to Peter who of course keeps giving the same answers, and then? What are you planning to do, besides complaining??It is the second time you have mentioned suing and both times you have failed to mention who you would sue and what the reason(s) for suing would be. Maybe it would help your point be less useless if you added that to your post.
Of course the receiver, I'm an opt-out client.
You keep talking about opt-in clients, gold, silver and whatever, but what are you doing in practice?
What are you planning to do, besides complaining??
Why are you answering as if I were talking to you? YOU doesn't mean MARTIN but everybody else who's complaning here. YOU means you guys who put your money in EPB like me. And BTW, we were not that stupid as you think and you're not more intelligent than us, otherwise you wouldn't spend your time in moderating this forum. Why should I stop looking for others interested in suing and go ahead alone? Only a stupid would think a class action can be lead by a single person. And you Martin, which useful news can you find in this 141-pages thread?If you feel so strongly then please go ahead and lead the charge and stop looking for others to do so.
I don't need to do anything. I was not stupid enough to put any money in EPB.
Again nothing. What has happened to you (and not me) is based on your desire to bank in a bankrupt banana republic with a bank that never published any audited financials. They just printed on their website they are a 100% reserve bank and the reputation of PS seemed good enough for people to risk keeping money there they actually cared about.
You need to take responsibility for your actions and quit criticizing the thread. If you don't like the thread then go elsewhere.
Yeah, definitely. Everybody's looking out for number one, instead of joining forces. And the receiver's laughing meanhwile.Great teamwork and team spirit here.
If you believe Peter Schiff and trust that your funds are safe and secure than there is nothing more you can do but wait until you eventually got your money back.Good news. I heard back from the COE of Qenta. He assures me the rumors are not true. All customer funds are with Qenta now, and should all be allocated to customers beginning within 30 days of getting the green light from the receiver. The process could take a few weeks to compete, but all customers will have the option of leaving funds in their accounts, or withdrawing them to the financial institution of their choice.
If you are having serious doubts about Qenta and the money pipeline they are controlling than write this letter ore something similar to urge OCIF to supervise also the opt-in funds.Its AI generated but wont hurt if You all start bombarding OCIF with this ( just read it and adjust it a little as this is as I mentioned AI generated )
Here’s a formal complaint template you can send to OCFI (Office of the Commissioner of Financial Institutions of Puerto Rico) regarding the Qenta insolvency risk and its potential mismanagement of the liquidation process.
Subject:
To: Office of the Commissioner of Financial Institutions of Puerto Rico (OCFI)
Email: [Insert OCFI contact email]
CC: [Other relevant parties – legal representatives, financial regulators, etc.]
Date: [Insert Date]
Dear Commissioner,
I am writing as a customer of Euro Pacific Intl. Bank, Inc. (EPB) to formally express my concerns regarding the ongoing liquidation process and OCFI’s handling of asset transfers to Qenta Inc. Despite clear signs that Qenta is likely insolvent, the liquidation is still progressing, potentially jeopardizing the financial rights of affected customers like myself.
Key Concerns:
- Qenta’s Failure to Fulfill Liabilities:
- Over three years have passed, and Qenta has not repaid customer funds as per the terms of the Purchase and Assumption Agreement.
- Numerous customers, including myself, have yet to receive the funds owed to us.
- Qenta’s Financial Instability:
- Recent reports indicate Qenta is on the verge of bankruptcy, raising concerns that they cannot meet financial obligations.
- The UAE and Switzerland companies involved in the acquisition have been struck from Qenta’s register, leaving Qenta as the sole entity responsible for liabilities.
- OCFI’s Ongoing Transfers to an Insolvent Party:
- Despite being alerted to Qenta’s financial risk, OCFI is continuing the liquidation and asset transfers to Qenta.
- If Qenta collapses, these assets may be lost, and customers will have no recourse to recover their funds.
Formal Requests for Action:
Given OCFI’s role as the supervisory authority and bank receiver, I respectfully request that OCFI:
- Immediately halt all asset transfers to Qenta until a full reassessment of its financial viability is conducted.
- Provide transparency regarding how OCFI has evaluated Qenta’s ability to honor customer liabilities.
- Explore alternative measuresto protect customer funds, including:
- Holding assets in an independent escrow account.
- Reassessing the liquidation plan to prevent Qenta from mismanaging funds.
- Confirm whether OCFI will take responsibility if customers' funds are lost due to asset transfers to an insolvent entity.
I urge OCFI to act in the best interest of affected customers and to uphold its regulatory duty to ensure financial security and transparency. Please provide a written response within [reasonable time frame, e.g., 14 days] outlining OCFI’s position and intended actions regarding this matter.
If no action is taken, I will have no choice but to escalate this complaint to U.S. federal financial regulators and legal authorities to ensure accountability.
I appreciate your immediate attention to this matter and look forward to your prompt response.
Sincerely,
[Your Full Name]
[Your Contact Information]
[Your Account Information (if relevant)]
Next Steps:
- Send this complaint via email & registered mail to ensure receipt.
- Keep records of all communication with OCFI.
- Consider escalating to federal regulators if OCFI fails to act.
- Consult a financial attorney for possible legal action against OCFI.
and anyone received a reply from OCIF?Receiver? Qenta/EPB?If you are having serious doubts about Qenta and the money pipeline they are controlling than write this letter ore something similar to urge OCIF to supervise also the opt-in funds.
What does my still living in Puerto Rico have to do with it? I sued the OCIF Commissioner and the IRS. Agents of both governments acted illegally. Am i supposed to renounce my U.S. citizenship and move out of the country because some corrupt politicians stole my bank?After 139 pages of chatting about the EPB - issue: we should not forget that Mr. Schiff still lives in Puerto Rico and operates some other of his businesses out of Puerto Rico, as they are registered there. So his finger pointing to the incompetent and untrustworthy OCIF and blaming it does not sound very credible to me. Eventually actions speak louder than words! - I would appreciate if we find the structure and leadership inside this group to establish a class action lawsuit. Everything else in my opinion leads us nowhere. It remains pointless talking!
Only opt out needed to sell, as we could not send out the gold, only cash. The Opt ins where supposed to have their gold transferred to Qenta.Dear God! let's wait PS and his notes on that.
Correct, Opt in gold was going to Qenta. Opt out had to be sold, so the bank could send out the money. The problem was we sold the gold before we knew that we couldn't send out the money. We didn't find that out until we tried and the wire requests were rejected by Novo.They didn't force me to sell. The whole point of opt in was that you didn't have the sell.
If you were an Opt in customer, Qenta should still be holding your gold. None should have been sold. However, I have no information to confirm or deny what happened to the gold. If it was sold, I think Opt in customers have a right to demand Qetna buy it back at the same price at which it was sold. I will email Qenta to check on the status.from the last report the gold and silver that Qenta hold, if liquidated, should grant a gain to the optin clients estimated to 18.000$ each one. in other words, IF (if) those metals have been liquidated today, the optin should receive extramoney. the last report don't talk about that.... Maybe mr Schiff can explain what happened to the gold and the silver of the clients....
I was honest and upfront about everything. The crimes were committed by IRS agents and the OCIF Commissioner. All the evidence proves that. Be mad at them, not me. I was by far the single biggest victim of this crime.Peter has been very dishonest concerning this Qenta issue from the beginning. We all know it now for sure, it was just very well planned crime by PS.
No one here as exposed any such thing. The Qenta deal was meant to give people an option who did not have an alternative place to send their deposits or gold, and to avoid unclaimed deposits being turned over to the Puerto Rican government. Puerto Rico is bankrupt, and I was worried that funds turned over to them would never be recovered. It was also done to provide the bank with an extra $1.25 million of capital to further safeguard customer's funds to cover the costs of liquidation.I don't think Schiff is going to answer that question in an honest manner. He has been hiding the fact he mastermined the Qenta deal and he was only exposed by the people here who dug into it. His has omitted facts and dodged questions posed here, so it only adds to more proof that he's here to enrich himself. I think it's high time customers band together to launch a class action against him as many many people have lost their lifesavings while Schiff enjoys going on multiple luxury vacations every year and shopping for yachts.
I checked and the physical gold of my account was sold in August 2022. Well past the June 2022 date when OCIF stepped in. It was ordered to me- forced by EPB - so i could become an Opt out. I gave wire instructions to have the money transferred to another bank account of same entity. However that transfer was refused. Soon after there was the town hall meeting and you could become Opt out or Opt in. i chose opt in due to the G-coin. So what now?If you were an Opt in customer, Qenta should still be holding your gold. None should have been sold. However, I have no information to confirm or deny what happened to the gold. If it was sold, I think Opt in customers have a right to demand Qetna buy it back at the same price at which it was sold. I will email Qenta to check on the status.
No one here as exposed any such thing. The Qenta deal was meant to give people an option who did not have an alternative place to send their deposits or gold, and to avoid unclaimed deposits being turned over to the Puerto Rican government. Puerto Rico is bankrupt, and I was worried that funds turned over to them would never be recovered. It was also done to provide the bank with an extra $1.25 million of capital to further safeguard customer's funds to cover the costs of liquidation.I don't think Schiff is going to answer that question in an honest manner. He has been hiding the fact he mastermined the Qenta deal and he was only exposed by the people here who dug into it. His has omitted facts and dodged questions posed here, so it only adds to more proof that he's here to enrich himself. I think it's high time customers band together to launch a class action against him as many many people have lost their lifesavings while Schiff enjoys going on multiple luxury vacations every year and shopping for yachts.
My guess would be your funds are still in cash, as the gold was initially sold to accomodate your wire request. Even if the wire never went out I doubt someone would have bought the gold back.I checked and the physical gold of my account was sold in August 2022. Well past the June 2022 date when OCIF stepped in. It was ordered to me- forced by EPB - so i could become an Opt out. I gave wire instructions to have the money transferred to another bank account of same entity. However that transfer was refused. Soon after there was the town hall meeting and you could become Opt out or Opt in. i chose opt in due to the G-coin. So what now?
@PS thanks. All very unfortunate events. I do hope Qenta is now moving fast to end this ordeal. Why do they not communicate with the clients?No one here as exposed any such thing. The Qenta deal was meant to give people an option who did not have an alternative place to send their deposits or gold, and to avoid unclaimed deposits being turned over to the Puerto Rican government. Puerto Rico is bankrupt, and I was worried that funds turned over to them would never be recovered. It was also done to provide the bank with an extra $1.25 million of capital to further safeguard customer's funds to cover the costs of liquidation.
My guess would be your funds are still in cash, as the gold was initially sold to accomodate your wire request. Even if the wire never went out I doubt someone would have bought the gold back.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?