Published: August 5, 2025

Update from Peter Schiff

Dear Opt-in Customers,

Qenta is now attempting to leverage their temporary custody of your assets—and the fact that you’ve been waiting three years to receive them—by getting you to accept a huge discount on what you are owed. Qenta wants you to agree to the sale of your claim to a third party, who will repay you only a fraction of what you’re owed.

But there is no need for you to agree to accept a discount on your claim. Qenta is in possession of 100% of what Opt-in customers are owed. Any discount you accept will simply and unfairly line Qenta’s pockets.

Not only is what Qenta is attempting to do unethical and in violation of the terms of its purchase and assumption agreement with the bank, but it also violates an existing court order that enjoins Qenta from selling any of your assets.

Tomorrow, a court will likely order Qenta to return the assets to the bank so that Opt-in customers can receive 100% of what they are owed—not a substantial discount that merely enriches Qenta at your expense.

Sincerely,

Peter Schiff
Sole shareholder, Euro Pacific Bank