26-year old mining CEO accused of stealing $7m to fund luxury lifestyle

London-based iron ore miner Oakmont Resources is suing former CEO Aaron Thomas, for allegedly taking more than $7 million from the company’s coffers to fund a lavish lifestyle that included luxury cars, private jets, exotic vacations and $20,000 breast implants for his Brazilian fiancée.

The company’s board sacked the Australian businessman, now based in New York, in January this year, after it learned about the missing funds.

“Thomas charged Oakmont for a substantial amount of supposed ‘business’ expenses which were, in fact, personal expenses which could have no possible business purpose,” says the lawsuit filed in the Manhattan Supreme Court, NY Daily News reports.

The suit adds that while Thomas did make some disclosures “as to the whereabouts of the misappropriated funds,” around $2.5 million remain unaccounted for.

Among the many claims, the 26-year-old is being accused of using the company’s funds to buy Rolex and Hublot watches, a $171,000 Tiffany engagement ring for his fiancée Thaiana Rodrigues, pay the $14,500 monthly rent for a Manhattan apartment he shares with her, and splurging $91,000 in a trip to Las Vegas, among others.

Thomas told the newspaper the lawsuit was an attempt by the firm board to get his remaining shares. He vowed to file a countersuit, but declined to comment further.

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