, Jason Dinh), a Melbourne-based Chinese-American real estate developer, has faced more charges, but the company has consistently refused to explain where the down payment for 3 million homes paid by customers disappeared.
Mr. Ting`s company, RIC Homes, is linked to Winning Post Estate, a Melbourne suburb of Officer, which is now bankrupt.
Liquidators believe that 1.6 million down payments have been made to the RIC Homes, despite the directors` promise to repay the money, but there was no result.
Late on Friday, the court ordered the winding up of RIC Homes, hoping the liquidators could recover some of the 3 million it said had disappeared.
A former RIC Homes employee said anonymously that he had witnessed people`s lifetime savings "destroyed or swallowed".
"people thought they had a land purchase package, they paid a down payment, the company promised a loan, but the money didn`t arrive on time at all, and then they lost the down payment, and they lost any chance to keep the land." He said。
Another company linked to RIC Corp`s Ding Jason has begun selling another estate as land in Melton South.
Like Winning Post, the company has no title at all, but allows potential buyers to "submit a letter of intent."
Patrick (Patrick Johnson) is a full-time caregiver, with both children autistic and his wife having epilepsy. To get better medical care for their families, they moved to Melbourne.
He found a land purchase package in northern Mexico and promised his family they would move into a new home by Christmas 2016. However, after paying a down payment of 32,000, he got only a few photos.
"to me, thirty thousand is like a million." He said, "how can they treat a family like this?"
Even his greatest enemy, he said, did not want them to go through such a thing.
Nicholson (Brendan Nixon), a solvency liquidator at SM, said the buyer would be the last creditor to receive compensation.
Earlier this week, Ding Jason`s lawyer said he "denied any wrongdoing by individuals" and was unable to comment.
