More accusations have been levelled against a company founded by property developer Jason Dinh, who has refused to explain where an estimated $3 million in home deposits has vanished.

Mr Dinh's company RIC Homes has been linked to the now-liquidated Winning Post Estate in the Melbourne suburb of Officer.

The liquidator believes $1.6 million worth of the deposits was paid to RIC Homes, but despite promises from directors that they would repay the money, nothing came through.

Late yesterday, the court ordered that RIC Homes be wound up, in the hope that the liquidator can claim back some of the allegedly missing $3 million.

A former staffer for RIC Homes, who did not wish to be identified, said he had witnessed peoples' life savings being "destroyed or eaten up".

"People coming believing they were getting a house and land package, paying a deposit, the company promising to get finance for them, finance failing to come through on time, and then losing their deposit and any chance of getting to keep their land," he said.

It has also come to light that another company linked to Jason Dinh, RIC Corp, had begun marketing another estate as land for sale in Melton South.

As appears to be the case with the Winning Post lots, they did not own the property for which they were seeking “expressions of interest” from potential buyers.

Patrick Johnson, a full-time carer for his two kids who have autism and his wife with epilepsy, moved to Melbourne so they could access better medical services.

He said he found a house and land package in Melbourne's north and was promised he and his family would be in their new home by Christmas in 2016.

However, he said for his $32,000 deposit, all he has received is some photos.

"Thirty thousand to me is like a million dollars," he said.

"How could they do that to a family?"

He said he would not wish the experience on his "worst enemy".

SM Solvency liquidator Brendan Nixon said the property purchasers would be the last type of creditor to receive a dividend.

"That's if the liquidator recovers enough funds to declare a dividend," he said.

"If the company's failed to maintain adequate accounting records, the directors and shadow, or de factor, directors of the company may be prosecuted by ASIC, and may also be sued by the liquidator personally."

Earlier this week lawyers for Jason Dinh said he “denied any personal wrongdoing” and could not comment due to the legal proceedings.