If Fran gave funds back to WCX, it was never an escrow, as that's not how escrow works.

If Fran returned funds directly to presale investors, that's how escrow works.

If Fran put funds directly into another escrow (that WCX set up and had agreements with to keep funds safely out of WCX hands) and if funds were never returned to WCX, then that's escrow as that's how escrow functions.


Related to that, WCX has made conflicting statements, stating that they are returning funds, AND they've said some presale funds went into a new escrow and some into an old escrow (Fran) AND they've said that they're now setting up a new escrow.