Qenta’s fraudulent letter to customers about an “opportunity” to “resolve” their claims

This email was a fraudulent attempt by Qenta to induce customers to accept pennies on the dollar instead of the full amounts they were lawfully owed. After Qenta terminated the Purchase and Assumption Agreement, the Receiver did not demand that Qenta return the assets of Opt-in customers to the bank. Instead, the Receiver instructed Qenta to follow the directions of the individual owners of those assets. Qenta nevertheless falsely told customers that the liquidation process “remains unsettled” and blamed the Receiver for the “prolonged and continuing delays.” This was false. In fact, the Receiver specifically instructed Qenta to work directly with Opt-in customers to return the property held in Qenta’s custody.

However instead of presenting any details of the offer, Qenta invites cutomers to reply to their email so that they can be sent an non-disclosure agreement. Only after signing that NDA will any details of the offer be revealed. Such a proposal in and of itself was a huge red flag that Qenta had something to hide.