Email outlining interest from a potential buyer group with former OCIF officials, expressing interest in purchasing Euro Pacific Bank’s assets and license.

Potential Buyer Interest in Euro Pacific Bank

I received this email from my lawyer just a few weeks after the sale to Qenta was denied and the bank was put into receivership. The excuse used by the OCIF Commissioner to deny the sale to Qenta was that I would own 4% of Qenta after the sale was completed. However, this group of highly qualified buyers, including a former OCIF Commissioner and other OCIF executives, was willing to do an all cash deal to acquire the bank. The would have also injected enough capital to bring the bank into full compliance. This was obviously the best outcome any honest banking regulator could have hoped for. It would have fully protected all customers, general creditors, and employees, restoring immediate access to all deposits. Yet the OCIF Commissioner refused to even discuss the idea. That’s because she had made a secret deal with the IRS to shut down the bank, so the J5 and the media could pretend it was guilty of the crimes that neither the grand jury nor OCIF could find any evidence were committed.