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Case against 26-year old mining CEO accused of stealing $7m to fund luxury lifestyle dropped
Thomas’ Facebook profile photo.
Aaron Thomas, the 26-year-old former mining CEO accused of using $7 million from the company’s coffers to fund a lavish lifestyle, has had the allegations dismissed, his attorney told MINING.com.
Thomas, who was fired this year from the company he founded in 2010, was accused by the remaining shareholders of embezzling money buy luxury cars, private jets, exotic vacations and $20,000 breast implants for his Brazilian fiancée, among other extravagant expenses.
The complaint by London-based iron ore miner Oakmont has been”discontinued with prejudice,” ruled the Manhattan Supreme Court. The legal term means the case has been dropped and that an undertaking is given it will never be re-filed.
According to Thomas’ lawyers, the parties reached a confidential agreement in which the mining company agreed to withdraw all allegations against its former chief.
“[My client] is now looking toward the future and hopes to never again have to stand by and watch a Company with positive outlooks, leadership in the sector, and large growth potential be destroyed through pernicious company infighting, baseless allegations, and wasteful litigation,” they said in an e-mail statement.
In practical terms, the settlement means that the 25% stake Thomas owned in the firm has been sold back to Oakmont for an undisclosed sum.
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7 Comments
U308
This guy sounds like he was born 30 years too late. He missed out on the VSE.
Vinny Castelano
Another thieving prick escapes justice. He ought to be hanged from the highest yardarm. La Familia would wipe that smirk off his powdered mug.
Firdaus Abbasi
I wrote scathingly on him before. I still believe that a 26 year old, chef should do his cooking in the kitchen; after all one would not put a baby in charge of an Apollo program. Mind you, monkeys were put into Sputniks – but that was all on autopilot.
Oakmont appear to be the kiddies on the block.
LAMB
At 26 years old, WHO in their right mind would have made this ‘kid’ a CEO????
ken in Napa
You can always spot a looser when they spend over $2,000 on breast implants for girlfriends, but to spend $20,000? This guy was a ringer and has no taste when it comes to women.
youdontneedmyname
Typical sense of arrogant entitlement displayed by the Y generation. I can only imagine how much of a douche this guy must be – founder and CEO of what is (was?) clearly a multi-million-dollar company by his mid-twenties, and he goes and steals what amounts to the annual wages of a hundred or more employees from said company. Not only did this little twerp bite the hand that fed him, he also screwed over his own company. Moron.
brettles02
well , well ,well all this coming from a mining company , or was it something else.