The receiver has been billing the bank about $10,000 per month for his "services" I have no idea what he is actually doing to earn that money. I know his incompetence blew a $500,000 receivable the bank would have collected from Currency Matters. I have requested a complete audit of all monies that have been paid out of the bank's account. I am still waiting to receive it. EPB is no longer in operation. It exists only to return funds to customers and transfer balances to Qetna. We are all just waiting on the Receiver to accomplish these tasks, and offering to help in any way we can.Whatever the case may be, EPB/Receiver is the only one in the entire world that is charging negative rates on Euro deposits, no other bank in the world is doing this, it's called Stealing!
Here we are, June 6th 2023, and all that we know is that almost a year ago customers woke up one morning and found out that they had lost access to their funds, many deadlines have been given since then, and many excuses have been given for the delay, i.e. a freeze that was lifted back in February, and customers still can't access their funds.
I hope the bank's lawyer is actively working with the Receiver to try to speed up the process, and some type of update with a definitive deadline would be appreciated.
As of right now it seems that we will never get our money back, and if we do, we have no idea how much of the money will be returned to customers as the Receiver's fees are piling on (I often wonder what is it that the Receiver does on a daily basis as the weeks go by and nothing happens.)
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