Published: August 18, 2025

Important Warning to Former Euro Pacific Bank Customers

It has come to my attention that Qenta Inc. is sending emails to former Euro Pacific Bank customers, presenting what it describes as an “opportunity” to resolve claims. These emails are misleading and deceptive.

Qenta no longer has any agreement to acquire the Bank’s customers, and its transaction with the Bank was terminated before it ever closed. Despite this, Qenta continues to hold approximately $70 million in customer assets—gold, silver, mutual funds, and cash—that were transferred to it in anticipation of a closing that never took place. These assets belong to the Bank’s customers.

Rather than returning those assets to the Bank, Qenta is now soliciting customers to sign Non-Disclosure Agreements (NDAs) in order to consider a so-called “offer” from an unidentified third party to purchase their claims at a discount. This is not a legitimate recovery option. Customers do not need to allow Qetna to sell discounted claims or sign NDAs to access what is rightfully theirs.

Let us be clear:

Your claim is against Qenta, not against Euro Pacific Bank. Your assets are not tied up in litigation and neither is the bank. They are only tied up at Qetna, as Qenta has unilatertally refused to return your assets to you, depsite the Receiver’s explicit instructions to do so.

Qenta has no authority to force you to settle for less than what you are owed.

Any attempt to induce customers to sign away rights or accept discounted settlements is a self-serving strategy designed to allow Qenta to profit from assets it is unlawfully withholding.

I recommend that customers demand the following in writing from Qenta:

Immediate sale of your mutual funds at current market value, with all proceeds remitted directly to you along with your full cash balances.

Delivery of your gold in the same form it was received, shipped directly to Schiff Gold for safe custody in your name.

Written acknowledgment from Qenta that you reserve all legal rights if they fail to comply.

If you wish to join the customer lawsuit against Qenta to enforce your claims, and to open custodial accounts at Schiff Gold to accept delivery of your precious metals, (incuding your silver which I recoved from Qenta and is now controled by the bank) please email me at [email protected]. There is no cost to you to participate.

I remain committed to ensuring that customers are informed and protected. I will continue to update you as developments occur.

Sincerely,

Peter Schiff
Sole shareholder, Euro Pacific Bank