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A rare British 1961 pop-top camper van owned by an accused CEO fraudster is going up for auction — see inside

  • A 1961 Bedford CA Dormobile by Martin-Walter from the Elkhart Collection is up for an October auction by RM Sotheby's.
  • The camper, as well as the other vehicles in the collection, were once owned by Najeeb Khan, an accused fraudster and former CEO of payroll processing firm Interlogic Outsourcing Inc.
  • The 1961 Bedford CA is estimated to auction off between $60,000 and $80,000 and is being offered without reserve, according to RM Sotheby's.
  • Visit Business Insider's homepage for more stories.

A 1961 Bedford CA Dormobile Caravan by Martin-Walter once owned by a bankrupt CEO accused of fraud is now up for auction and is estimated to go between $60,000 and $80,000.

The camper — which is a part of a larger "Elkhart Collection" and is offered without reserve — was confiscated from Najeeb Khan, the founder of payroll processing firm Interlogic Outsourcing Inc. who was accused of fraud amounting to over $100 million, The South Bend Tribune reported.

A judge ultimately ordered Khan to sell most of his car collection — valued at around $31 million — to pay back his creditors after Khan resigned from the company and filed for bankruptcy.

The entire Elkhart Collection will be auctioned off by RM Sotheby's between October 23 and October 24 in Elkhart, Indiana. The auction was originally set to take place in early May, but the event was postponed because of the coronavirus pandemic.

Besides the Bedford CA camper, the auction's collection will include over 240 cars, at least 30 motorcycles, and a boat, to name a few possessions.

This isn't the first 1961 Bedford CA Dormobile by Martin-Walter RM Sotheby's has auctioned: another Bedford CA from a different collection sold for $39,200 early March.

Keep scrolling to see the one that will be up for auction in six months:

Read the original article on Business Insider
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