2019 RVIA Economic Impact Study

RVs Move America infographic

RVs Move America Economic Impact Study was released June 3, 2019 at the RVIA annual meeting.

It revealed the RV industry has an overall economic impact on the US economy of $114 billion, supports nearly 600,000 jobs, with more than $32 billion in wages, and pays more than $12 billion in federal, state, and local taxes.

The announcement was made by Garry Enyart, RVIA chairman, and Onan/Cummins Director of Mobile Generator Sales & Coach Care.

For more information on the $114 billion total economic impact and what it includes, click here.

Interlogic Outsourcing Founder Fraud Details

Mon Dec 2, 2019
Author: RV News Staff

157530559278997.pngA story in the South Bend Tribune revealed that the former owner and director of Interlogic Outsourcing Inc. (IOI), Najeeb Khan, allegedly used a “sophisticated scheme” that left dozens of clients and KeyBank out of millions. IOI was a national payroll processing firm with thousands of clients.

Key Bank alone suffered nearly $122 million in losses as a result of Khan’s elaborate check-kiting scheme. He is alleged to have used checks on Lake City Bank to initiate wire transfers he knew were bad.

Bankruptcy records detailed Khan’s possessions include more than 280 vehicles with a total value of $31 million, five homes valued at more than $6 million and an additional $59 million in assets through a series of companies he owns.

A bankruptcy case trustee reported that Khan recently contacted Sotheby’s and another broker regarding the sale of his vehicles. Court documents showed that some of the vehicles had been stored in a facility at the Elkhart Municipal Airport while others were stored in a barn across the street from his Edwardsburg home.

While Khan’s assets total approximately $98 million, his liabilities exceed his assets by nearly $28 million.

Dozens of IOI’s clients came to learn that money withdrawn from their accounts intended to be used for federal tax withholdings had not been sent to the Internal Revenue Service as intended.

Khan resigned from IOI and the company declared bankruptcy soon after these events came to light. IOI was sold last month to West Chester, Penn.-based PrimePay for the sum of $3.5 million.

For the full story, click here.