My suspicion is that the Receiver is dragging out the process so he can keep paying himself lots of money. He may also be using bank funds to pay personal expenses, and he may have put his girlfriend on the payroll. I don't know for sure, but that's the way it looks to me.So basically no one knows the current status and why customers have still not received money?
My suspicion is that the Receiver is dragging out the process so he can keep paying himself lots of money. He may also be using bank funds to pay personal expenses, and he may have put his girlfriend on the payroll. I don't know for sure, but that's the way it looks to me.
I don't know. The entire situation was unnecessary and completely political. I don't like the Receiver being able to waste more money on legal bills, or bill more for his time devoted to address the legal actions against him or the bank. The more work he can pretend to do, the more money he can justify taking for himself, or his friends.Hi Peter, thank you for your insights, do you think that a sort of "class action" moved by us hiring a lawyer in puerto Rico could help to unblock the situation
or better to wait since it looks like there are "political" reasons behind that may keep the legal ground muddy even for an independent attorney?
Sure enough, thank you, what do you think we could do to put pressure on the receiver or to the commissioner? Any idea?As far as I know some funds are with Novo bank and the rest is with Interactive Brokers. Then there are some funds in the bank's checking account at FIrstBank in Puerto Rico.
I don't know. The entire situation was unnecessary and completely political. I don't like the Receiver being able to waste more money on legal bills, or bill more for his time devoted to address the legal actions against him or the bank. The more work he can pretend to do, the more money he can justify taking for himself, or his friends.
I just saw they sent out an update today which basically said nothing for the opt-in members. I thankfully opted out of migration of my other accounts with (regrettably) the exception of precious metals. Looks like they made some progress with the opt-out members so I hope you can get the heck out of dodge asap!I'm also waiting for some news on the Precious Metals and the Mutual Funds. I want Qenta to liquidate all that asap, and give me access to the money so I can take it somewhere else and never look back!
Plus I noticed that a lot of money was spent setting up a special website for the liquidation of the bank.I just saw they sent out an update today which basically said nothing for the opt-in members. I thankfully opted out of migration of my other accounts with (regrettably) the exception of precious metals. Looks like they made some progress with the opt-out members so I hope you can get the heck out of dodge asap!
I just saw they sent out an update today which basically said nothing for the opt-in members. I thankfully opted out of migration of my other accounts with (regrettably) the exception of precious metals. Looks like they made some progress with the opt-out members so I hope you can get the heck out of dodge asap!
I now wonder if Christmas will come again and we will still be waiting.
Looks like, how many of you would join a collective action?
Would you please state each of you?
Looks like, how many of you would join a collective action?
Would you please state each of you?
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