About 100 would-be homeowners have had their dreams crushed after an estimated total of $3 million in housing deposits went missing.
Winning Post Officer allegedly took the deposits before the families were told the company had gone into liquidation.
The company linked to the project, RIC Homes, does not even own the land the buyers were depositing on, according to Luke Whiffen from Shine Lawyers.
“The short answer is, if they don’t own the land, they can’t sell the land,” Mr Whiffen said.
The liquidators allege that about $1.6 million of the money was paid to RIC homes, with no legitimate explanation as to why, an…
Read the full article at: https://www.9news.com.au/national/2018/08/15/17/08/home-deposits-3-million-dollars-lost-after-winning-post-officer-liquidation