Jittery Jim Jonah, SASS #64913L Posted April 25, 2014 Share Posted April 25, 2014 For all you RV'ers this is a big mess in SoCal and Arizona..... Found out today that McMahons RV was shut down by the Marshalls office in Orange County and CA DMV investigators on April 6, 2014. All the company assets and the owners personal assests were seized and locked up. I got a coupla calls last Friday at work from people wanting to file fraud reports for what they did and we got more today so I did some checking. Apparently they were reselling used RV's that still had outstanding loans not paid off, delayed registrations, and RV warranties that never were submitted. They just took the $$. The employees were not being paid in a timely manner either so they lost out too. Camping World had agreed to buy the company and had put $5 million on the table to settle all the debts and such. They are now saying it will more than $8.5 million..... I am just glad I didn't buy my RV from them, a lot of people are gonna get hurt over this mess. Here are a couple links: http://www.rvbusiness.com/2014/04/camping-world-moves-to-acquire-mcmahons-rv/ http://www.rvbusiness.com/2014/04/camping-world-buyout-of-mcmahons-rv-stalls/ JJJ-D :ph34r: Link to comment Share on other sites More sharing options...
Calamity Kris Posted April 25, 2014 Share Posted April 25, 2014 WOW!! Thanks for the info. Link to comment Share on other sites More sharing options...
The Original Lumpy Gritz Posted April 25, 2014 Share Posted April 25, 2014 Wonder how many years this has been go'n on? LG Link to comment Share on other sites More sharing options...
Jittery Jim Jonah, SASS #64913L Posted April 25, 2014 Author Share Posted April 25, 2014 Wonder how many years this has been go'n on? LG From I can find at least since 2009. I found an article where they were shut down before by DMV in 2010 for a few weeks. The owner owns three multi-million dollar homes in Orange County and four high end Mercedes, all seized. JJJ-D :ph34r: Link to comment Share on other sites More sharing options...
The Original Lumpy Gritz Posted April 25, 2014 Share Posted April 25, 2014 The IRS will finish'em. LG Link to comment Share on other sites More sharing options...
Badlands Bob #61228 Posted April 25, 2014 Share Posted April 25, 2014 Occasionally you'll see a car dealership doing the same thing. They get short on funds and quit paying off outstanding liens on trade in cars with their own cash. Then wait until they sell your trade in (or someone elses) before paying off the lien. As the financial problems build, this turns into robbing Peter to pay Paul. Eventually, the whole thing comes crashing down and lots of folks get hurt. We had a large Dodge dealership do this several years ago. Link to comment Share on other sites More sharing options...
Calamity Kris Posted April 25, 2014 Share Posted April 25, 2014 From I can find at least since 2009. I found an article where they were shut down before by DMV in 2010 for a few weeks. The owner owns three multi-million dollar homes in Orange County and four high end Mercedes, all seized. JJJ-D :ph34r: One of the car dealerships that used to be in the space where McMahons is now was taken over by the manufacturer and eventually closed because they would sell damaged vehicles and not tell the buyer. The manufacturer would give them a discount price on vehicles that were damaged in transit etc. but they would sell them as new for full price. When the buyer went into another dealer for warranty work, etc they would find out about the vehicle's history. I wonder what happened to them................. Link to comment Share on other sites More sharing options...
Boon Doggle Posted April 25, 2014 Share Posted April 25, 2014 They started selling RV's. Link to comment Share on other sites More sharing options...
Badlands Bob #61228 Posted April 27, 2014 Share Posted April 27, 2014 It's even worse with boat dealerships because in many states you don't have to have a title to sell a boat. Link to comment Share on other sites More sharing options...
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