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

By Ben Turney | Tuesday 11 August 2015

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.

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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