Euro Pacific bank is a scam

#1,061
Register now
You must login or register to view hidden content on this page.
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.
 
Last edited:
Reactions: Marie Manila and orion7352
#1,062

I hope at some point you can hold the Receiver accountable for the $500K, his incompetence should only affect him, not the bank, I'm sure a judge would agree with that.
 
Reactions: orion7352
#1,063
$100k per month?? And what does the bank earns in fees and interests from depositors per month?
 
#1,067
Reactions: Marie Manila
#1,070
Only pressure on that lazy guy with office in McDonald can speed up the process. Here we need a solution.
 
#1,071
I am speaking to a Puerto Rico lawyer later today about how they could help customers.

I also managed to speak to someone in the Receiver's office. They told me a statement is going to be released by OCIF about the situation but they wouldn't say what it would contain.

Doesn't sound like good news if OCIF has to release a statement?
 
Reactions: Marie Manila and Tulliola92
#1,073
Official communication from OCIF/receiver or lawyer is what I am looking for since the beginning! Good or bad news...
 
#1,074
The only statement they need to give us is a definitive date to return our funds, you can write that in one short sentence, anything else will just be more of same.
We are dealing we very cynical people, the fact that the lack of action by the Receiver has cost the bank to lose $500K in receivable explains everything.
 
Last edited:
Reactions: ATNTESTING
#1,076


Over the last year, in one of the many statements via Qenta/EPB, we were told that the problem was no longer the receiver and that Novo Banco were keeping our money. And then, when we almost mounted a legal defence in Portugal, we were told that it was all hush hush and the Portuguese Government itself were investigating us all. Then we were told that Novo Banco were holding our money again. Last month, EPB told us our money had been released from Novo Banco but changes in the SWIFT system meant that Qenta/EBP were having trouble making the transfers. When I mentioned that this excuse was ridiculous it went very quiet.

And now, out of the blue we are back to the bloody receiver and more whining about how much it is costing Mr Schiff but unlike Mr Schiff, EPB clients can’t afford the Luxury of the Grosvenor apartments in Mayfair or flights to Connecticut.

Once more, we need to start a class action together to fight to get our money back. As it it is, it is obvious that Schiff is setting this up to return pennies on the dollar.
 
Reactions: Tulliola92
#1,077

Peter Schiff has nothing to do with everything that's going on right now, EPB and its destiny is in the hands of the OCIF/Receiver, they are the ones you should complain to, but the chances of winning a lawsuit against them in a Puerto Rican Court House are very low.
Right now we should wait until things clear up and we find out if we are going to get all our money back, or just part of it, or nothing. Then we can decide the best course of action, a lawsuit against OCIF would be lengthy and expensive unless we all agree to pay for it as a group, but for now as frustrating as it is, I'm going to wait.
There is no point in making things worse until we know for sure that's the only option left.
 
#1,078
What Schiff and Qenta are responsible for is a steady flow of misdirection and misinformation designed specifically to prevent us, EPB clients, from mounting a coherent defence.
 
Reactions: Tulliola92 and btc100k
#1,080
I just had a good online meeting with one of the top lawyers in Puerto Rico. They have acted for OCIF in other liquidations.

They know this case very well and are already acting for a number of EPB customers.

They asked me not to mention their name at this stage because they are not acting for me right now.

They know that Lugo Mender is a poor communicator and OCIF is also aware that the communication with EPB customers has been bad.

Basically OCIF is taking charge of the situation and there are some legal changes required to Qenta's purchase of EPB to be done before OCIF can make the announcement.

OCIF is somehow going to do the wire transfers. The guy didn't know precisely the mechanics of this . Customers will have to resubmit their wires because the old ones have expired.

I asked about whether there would be deductions. They said at this stage that customers are likely to be repaid in full.

This law firm didn't think at this stage that EPB customers had a claim against the Receiver or OCIF. So we left it that if the situation did not work as planned that I would then re-engage with this law firm.

Like everything with the EPB saga we will only believe it when we see it.

But the call was encouraging.
 
Last edited:
Reactions: Marie Manila, milhous, Radko and 3 others
Register now
You must login or register to view hidden content on this page.
You must log in or register to reply here.
Menu
Log in
Register