Schonbachler (SCH) Investments SARL Thomas Schneider Adrian Morger Promised Loans, Required Escrow Deposits, Loans Were Never Funded and Escrow Deposits Never Returned Houston Texas
Client was provided a Letter of Intent, Loan Agreement and Escrow Agreement by Thomas Schneider and signed by Adrian Morger. Schonbachler (SCH) Investments SARL stated they were a direct lender and agreed to lend money if the borrower made a refundable escrow deposit. Client made the escrow deposit to the escrow agent provided by the firm.
Escrow agent acknowledged receipt of the funds. Funding was to be completed within 15 banking days after receipt of the escrow deposit. Funding never happened and the escrow funds were never returned although the escrow agreement stated they were "insured" by the insurance division of the firm.
Escrow agent also stated the escrow account was comprised and money was transferred out of the account. Continued excuses from Thomas Schneider that the funding was going to occur and never has. Escrow deposit has never been refunded.