In October 2011, $50,000 was paid to Midel Paschel to obtain a $1.5M line of credit to be used for the purchase of a top tier franchise operation. There was supposedly a money back guarantee if the funds were not delivered in 90 days time. Funds were wired to K. Paschel at 702 W. 45th Street, Los Angeles, CA 90037. Wells Fargo account 6810110012 on 13545 Hawthorne Blvd., Hawthorne, CA 90250. 90 days came and went. Paschel then requested another $2,500 to make sure there were no tax issues moving forward. Funds were again delivered to K. Paschel. Another 90 days came and went and I requested a refund on November 15, 2012. In the following months/years Paschel said that he was very busy with the NFL combine, entertainment projects, college football scouting, negotiating contracts for many pro athletes, having problems with his alcoholic business partner, his mom died, the secretaries weren’t doing their jobs, the banks lost the paperwork, etc., etc. Requested a refund again on December 11, 2013 and February 11, 2014. To date no line of credit, not refund, no phone calls, no emails and no text messages. He has simply disappeared with my money. Beware of this scammer. .
This complaint and/or review was posted on HolySmoke.org on 16:47 pm, April 16, 2019 (CST) and is a permanent record located at: https://www.holysmoke.org/scam/midel-paschel-review/.
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