UPDATE: Peter Schiff has regained control of Euro Pacific Bank

X ^ | Aug 7 | Peter Schiff

[RandFan]

@PeterSchiff

If you were a customer of Euro Pacific Bank, make sure to follow the updates on the bank's website, now that I have regained control. Qenta—the company that purchased the right to custody the gold and silver previously held by the bank on behalf of customers (among other assets)—just told a federal judge that it should be allowed to keep all of the appreciation in the gold and silver since it was transferred to their custody, to be held for customers, on Sept. 30, 2022. The gold and silver were worth about $25 million then; they are now worth over $50 million.

I was granted a TRO to prevent Qenta from effectively stealing the appreciation that rightfully belongs to customers, pending an arbitration I filed in NYC to stop this unjust enrichment and force Qenta to transfer custody of the assets back to the bank, so they may be returned to their lawful owners. Qenta is now trying to get a federal judge to vacate that TRO, claiming they are acting in the best interest of customers—and that my TRO is preventing them from doing so.

---

TOPICS: Business/Economy; Chit/Chat; Conspiracy
KEYWORDS: buymygold; conman; drdoom; followup; goldsalesman; outrightthievery; permabear; peterschiff; qenta; randpaulisatraitor; ronpaulisatraitor; thejollyqenta

[RandFan]

Wow! They were trying to steal the gains after the feds effectively closed the precious metals-backed bank on dubious charges.

Peter has been fighting them for a long time on behalf of his customers. I don't think he ever wants to run a bank again having seen this happen

[RandFan]

By the way, Peter’s concept of a precious metal backed bank was/is sound. The assets doubled from ‘22 to now.

But the feds dont want you to do this unless you fight like hell in the courts and at least in previous admins they cannot abide by an independent, precious metals backed bank.

They shut down Peter in no time

He now says he has regained control but will he operate it again or merely look to get customers their $$$ and close it?

I dont know the answer to this but he said it’s a lot of hassle operating it.