Ellen and Ron Stewart had been enjoying a quiet retirement in rural NSW when, last year, they decided to spend $100,000 on a motorhome bought through Motorhome Conversion Company."We certainly feel ripped off," Ms Stewart told 7.30."It's a lot of money to lose."
Months later they were told the modifications were not possible, but were refused a refund of what they paid.But as time passed, and with no word of any sale, they became increasingly worried."'Oh, alright, that'll be fine. Are you sure you want it?' 'Yes.'But still they received no money. Motor dealers in Queensland are under strict legal obligations regarding the handling of money when a vehicle is sold on consignment.
7.30 has obtained the latest report by liquidator Mr Combis which states he has confirmed a number of converted motor vehicles were subject to registered security arrangements and were still sold by the company to third parties under the dealer's licence.