Wednesday, April 2, 2014

'Playboy CEO stole $7 MILLION of company money to fund luxury lifestyle including splashing $171,000 on a Tiffany engagement ring and $90,000 on a trip to Vegas'

  • New York-based Aaron Thomas, 26, was sacked earlier this year as CEO of London-based Oakmont Trading Ltd
  • The company claims he misappropriated $7 million and it is taking legal action against Thomas in both the UK and the US
  • Thomas used company money to fund his extremely lavish lifestyle which included a $14,500 a month Manhattan apartment
  • He also spent $121,500 on designer watches and $30,000 on chartering a luxury yacht and private jet for his fiancee's family

A New York-based Australian playboy is accused of embezzling over $7 million from his own mining company to fund ‘a high-class lifestyle for himself and his girlfriends,’ including private jets, a luxury yacht and a $171,000 Tiffany engagement ring for his Brazilian fiancée, a new lawsuit claims.
Aaron Thomas, 26, was sacked as CEO of London-based Oakmont Trading Ltd earlier this year after the board accused him of squandering millions of company money to fund his extravagant lifestyle, according to a lawsuit filed by the company in the Manhattan Supreme Court on Monday.
Thomas founded the company, which owns and operates a Brazilian iron ore mine, in 2010 and then proceeded to sell 74 percent of the company’s stock to investors, the suit states.
$121,500 was apparently spent by Thomas on designer watches by Rolex, and Hubot (stock pic)
Aaron Thomas is is accused of embezzling over $7 million from London-based Oakmont Trading Ltd to fund 'a high-class lifestyle for himself and his girlfriends,' including private jets, a luxury yacht and $120,000-worth of designer watches
Aaron Thomas is accused of embezzling over $7 million from London-based Oakmont Trading Ltd to fund 'a high-class lifestyle for himself and his girlfriends,' including private jets, a luxury yacht and $120,000-worth of designer watches

But Thomas’ playboy lifestyle, including paying $14,500 a month for a Manhattan apartment where he lived with his fiancée Thaiana Rodrigues, got the better of him and the company has launched legal action in both the UK and the US to recover an estimated $7m of company money.
‘While Thomas has made some disclosures as to the whereabouts of the misappropriated funds, a sum of around [$2.5 million] remains unaccounted for,’ the suit states.
 

The lawsuit features numerous examples of Thomas’ decadent spending, reports the New York Post. He is alleged to have spent $91,000 of company funds on a trip to Las Vegas in May 2013.
Another $121,500 was apparently spent on designer watches by Rolex, and Hubot, and he even paid for ‘many other flights taken by Thomas’s girlfriends, including Rodrigues, in 2012 and 2013,’ the suit states.
Thomas is alleged to have spent $91,000 of company funds on a trip to Las Vegas in May 2013
Thomas is alleged to have spent $91,000 of company funds on a trip to Las Vegas in May 2013

During a Caribbean vacation in Turks & Caicos, Thomas allegedly chartered a luxury yacht and private jet at a cost of over $30,000
The lawsuit claims that Thomas spent $171,000 on a Tiffany engagement ring for his Brazilian fiancée
During a Caribbean vacation in Turks & Caicos, Thomas allegedly chartered a luxury yacht and private jet at a cost of over $30,000, while his Brazilian fiancee's Tiffany engagement ring cost $171,000

‘During a Caribbean vacation in Turks & Caicos for himself, Rodrigues, and members of Rodrigues’ family, Thomas chartered a luxury yacht and private jet for his travel companions at a cost of over $30,000, both of which were paid for with Oakmont funds,’ the suit states.
Thomas maintains that the lawsuit is an attempt by the board to get his remaining shares. He told the New York Post that he plans to file a countersuit but declined to comment further.


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