A former MasterChef contestant accused of embezzling over $7 million from his own mining company to fund 'a high-class lifestyle for himself and his girlfriends' has had the claims against him dropped in a private settlement. In April, a lawsuit claimed New York-based Australian playboy Aaron Thomas used company many for private jets, a luxury yacht and a $171,000 Tiffany engagement ring for his Brazilian fiancée. Thomas, 26, was sacked as CEO of London-based Oakmont Trading Ltd earlier this year after the board accused him of squandering millions of company money to fund his extravagant lifestyle, according to the lawsuit filed by the company in the Manhattan Supreme Court.
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Aaron Thomas, 26, appeared on MasterChef Australia in 2009
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He founded mining company Oakmont Trading Ltd, which owns and operates a Brazilian iron ore mine, in 2010
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In April he was accused of using company many for private jets, a luxury yacht and a $171,000 Tiffany engagement
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All claims against him have now been dropped in a private settlement
'While @placeholder has made some disclosures as to the whereabouts of the misappropriated funds, a sum of around [$2.5 million] remains unaccounted for,' the suit stated.