Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Sefton Resources comes out fighting – Jim Ellerton used his company to pay for massages

By Ben Turney

11 August 2015 06:17

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Official court documents we have gained access to show that the gloves are off as far as Sefton Resources (SER) is concerned in dealing with ex-CEO Jim Ellerton’s delusional action against the company. Just when you thought Ellerton’s reputation couldn’t sink any lower he is now accused of having used his consultancy company, C & J Resources, as an “alter-ego” to pay for all manner of personal expenditure, from his daughter’s wedding to “treating” himself to private massages. Better yet, Sefton has accused Ellerton of racketeering, in a series of explosive allegations. This must have come as a shock to dear old Jim, who suddenly now finds himself facing possible criminal investigation. Read the full details below.

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Comments

Elcapital

11 August 2015, 07:03

I guess this is one massage that will not finish in a happy ending
DUCK AND DIVE

11 August 2015, 07:51

I can’t even remember what unpaid invoice or overdue payment Ellerton is basing his petition for Sefton’s bankruptcy on. But entertaining as this kitchen-sink counterclaim is, it surely won’t come as any surprise to Ellerton and his lawyers and I would expect another salvo from them.
wildrides

12 August 2015, 03:21

I cant believe Ellerton used company money to get wanked off by some poor exploited sex worker ………… surely that kind of corruption only happens in China or Oilys bath tub.