Clay Schlinke Prosperity Homes, Innovative Communities & Investments He will take your money and you will never see it again! Keep away! San Antonio, Texas
Do not invest any money with Clay Schlinke under any circumstances! He was referred to us by a friend as a builder for investment purposes for a new project he claimed to be building. Not only were the units never built, but he will not return our money and the deeds of trust we received from him as proof of ownership are apparantly not worth the paper they are printed on.
Now he has 're-structured' under a new company name, which is to protect himself from being sued! Look him up on YP (Yellow Pages) under "Tesoro Homes LTD', his former company, and you will see many other angry would-be investors. When we called an attorney in Bexar County, he knew EXACTLY who Clay Schlinke was! He told us there are already several lawsuits being filed, but if anyone will ever get their money back from this thief remains to be seen.
Do NOT let Clay Schlinke anywhere near you or your money!
8 Updates & Rebuttals
Christy
san antonio,Texas,
United States
payment
#9UPDATE Employee ..inside information
Thu, March 30, 2023
please contact me I can help you. thank you
Christy
san antonio,Texas,
United States
payment
#9UPDATE Employee ..inside information
Thu, March 30, 2023
Please get in touch with me so I can help you. Thank you
Justice
San Francisco ,California,
United States
Clay's financial ties with new developer?
#9Consumer Comment
Wed, October 24, 2018
Clay Schlinke sold what was left of his developments to SAMA Developer, LLC (2014?) who has been making big bucks on those developments. Our pre-construction contract for Tesoro Homes was for $380k in 2006. Of course we lost our $15k deposit like other investors.
A similar 4-plex at Retama Park (also owned by Clay) is selling for $555k now. I know Clay was "working for" SAMA in 2016 and possibly even more recently, and there was strong evidence that he did have financial ties with SAMA back then (equity-sharing?). Has anyone looked into this venue to recover their losses?
*WOW*
New Mexico,United States
Clay in over his head? Criminal Case Continues & Unexplained Acciden,t Semi-Truck destroyes office front!
#9Consumer Comment
Wed, October 24, 2018
Crazy pictures posted of unexplained Semi-tractor trailer bashed into storefront Prosperity Homes, Clay Schinkel's Real estate Office. Who gets away with a hit and run in a Semi- Truck? Someone Clay might have made those extra efforts to pay back maybe? The backlog of unpaid investors and claims against Clay continue to build while some sudden "lucky" cash and grab investors celebrate their windfall of returns the Real estate Fairy must have left under Clay's pillow. Or under his mattress or that loose change that always ends up in the couch, or one of those cash filled coffee cans you hear about: people find them while gardening. To bad his investors are not insured for their loss like his office front was. Or maybe Clay is just smarter than his investors and makes sure his returns are guaranteed before he hands his cash over.
California,
United States
Where did Clay find the money to pay this one investor back? Court records accross over 20 civil suites declare him unable to pay as of 2011 and if able to pay in 2015 the civil suites get paid first
#9General Comment
Fri, July 27, 2018
How or what did this one investor do to get money back from Clay that does not exist? Hundreds of thousands of dollars may be close to a million where did this money come from and how is this one investor able to collect when several court cases have been documented with an inability to pay even for a tile floor. Clay has judgment after judgment lined up behind each other waiting to get paid and any large sums of money he is ordered to report to the court.
Clay cannot legally repay this investor and ignore the rest. Is this money obtained legally? Is it reported under income earned, debt paid? Do the courts know he has done this? Where did the money come from and how is he repaying it? Any financial transfer of $10,000 or more automatically gets reported to the IRS, Clay owes back taxes. This activity has to be illegal, this money has to have been obtained and repaid by illegal means in an illegal manner. This isn't questionable this is a matter of fact illegal. Judgments and court orders cannot be ignored and repayment like this to another investor who did no go through the courts or wait their turn is illegal. White collar crime is still a crime. Money laundering is the only way this could happen. Banking fraud, investment fraud, IRS fraud, contempt of court, misrepresentation, breach of contract, you name this one investor who is getting repaid is up to their eyeballs right along with Clay. Where there is smoke there is fire - I'm sure there is a lot more to this story. A lot more.....
xxx
tumecula,California,
United States
your friends who referred you? Are you sure their intent was for your benefit you and not for theirs? To get their own investment repaid?
#9Consumer Comment
Thu, July 26, 2018
Just so Happen to know people in California who also referred and tried to convince me to invest with Clay Schlinke. What saved me is that I found out these friends were already losing their investment, it had been years without a payment and Clay has several civil cases against him that are being disposed of due to his inability to pay.
What saved them was the ability to recruit others to invest knowing the circumstances. By doing so they are able to receive monies returned in installments. Not all of it has been returned but about the majority.
That would be extremely interesting if your friends who referred you happen to be the same people?
LR
Santa Barbara,California,
Clay is making payments to pay us back
#9Author of original report
Wed, January 28, 2015
Although Clay was unable to meet the requirements for the agreed upon rate of return in the time set forth by our contract with him, we never lost contact with him and he has promised to pay back our principal. Original contract date was January 2013.
In December 2014 Clay contacted me to begin making installment payments. To date 1/15/15 he has paid back 62.5 % of our investment capital.
Victor
san antonio,Texas,
Criminal investigation
#9General Comment
Fri, August 08, 2014
Contact Det. Victor Flores of the San Antoio Police Department's Financial Crimes Unit, White Collar Crime Detail. 210-207-4370. I can be reached there Tuesday through Friday from 9:00 to 5:00 Central time.
You may be able to help in an on-going investigation.