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Exclusive expose: Jim Ellerton swore on oath in Court that he had used Sefton cash to clear personal debts

Tom Winnifrith
Monday 12 August 2013

So far I have been nice to AIM Cesspit posterboy Sefton (SER) but now it is gloves off time as I reveal how Sefton boss Jim Ellerton swore on oath in Court in 2009 that he had cleared personal debts of hundreds of thousands of dollars using Sefton cash. And I have obtained and attach the document that verifies this shock revelation.

Jim could not even get that right. The Court rejected his evidence with the judge noting “defendant Ellerton’s testimony was not believable” and that “defendant Ellerton is not credible in regard to his testimony” but none the less the fact is that Jim Ellerton did not admit to using Sefton cash for personal matters, but swore on oath that he had done so.

The case is Ellerton vs. Dillabaugh, a Colorado dentist who loaned Ellerton over a period of years c$400,000 and was then made Sefton company secretary and IR manager.

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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