Former Jill Kelly CFO Accused of Corporate Misconduct

SIMI VALLEY, Calif. — Former Jill Kelly Productions CFO Ron Stone, who held that position when the company filed for bankruptcy, is accused by a former employee of the company he joined after JKP of misappropriation of funds and other corporate misdeeds including insider trading.

Stone was fired from JKP after the company filed for bankruptcy in August 2005. Penthouse subsequently bought JKP’s assets for $1.7 million at a bankruptcy court auction in April 2005.

Shortly following his ousting from JKP, Stone landed at Ronco, a company founded by infomercial star Ron Popeil. Ronco owes its creditors $32.7 million and is looking to sell its assets. The company appealed to the U.S. Bankruptcy Court in Woodland Hills, Calif., for protection against its creditors.

Former Ronco CEO Richard Allen said in court papers that Stone’s salary should not be paid until a “full investigation” is conducted into Stone’s alleged shady dealings. According to court documents, Stone didn’t tell his employers that he’d been accused of embezzlement and that his CPA license was taken away.

Ronco said that it would not stop salary payments to Stone despite allegations by employees that he was involved in credit-card fraud and interfering with the investigation, Allen said in court papers.

Company founder Popeil is owed $11.7 million since selling the business in June 2005 for $56 million.

Jill Kelly was unavailable for comment at press time.

Related:  

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Chloe Amour: Recharged, Refocused, and Ready for Real Love

These days, getting ahold of Chloe Amour on the weekend can be tough. She might ditch her phone, as was the case on a recent weekend while celebrating her birthday with family at Disneyland, riding the rides and taking in some sun.

Isabella De Laa, Cherry Candle Star in Latest From MixedX

Isabella De Laa and Cherry Candle star in the latest release from MixedX, titled “Between Us.”

Tony Sting, Adira Allure & Dominic Pacifico Headline Latest From BiPhoria

Tony Sting, Adira Allure, and Dominic Pacifico star in the latest release from BiPhoria.

Proxy Paige, Wolf King Release 'I Kissed a Trans and I Liked It'

Evil Angel has released its latest title, “I Kissed a Trans and I Liked It,” co-directed by Proxy Paige and Wolf King.

Elly Clutch Stars in Latest From Brazzers

2024 XMAs Female Clip Creator of the Year Elly Clutch stars with Ricky Johnson in the latest release from Brazzers, titled "Elly’s Evil Twin."

Liz Jordan Crowned Newest Vixen Angel

Vixen Media Group (VMG) has crowned Liz Jordan as its newest Vixen Angel.

Brittney Kade Headlines Latest From TransSensual

Brittney Kade stars in "Sweat Slut Licks Pretty Pits for Bear Fuck," from TransSensual.

Sweet Sinner Releases 7th Volume of 'The Hot Wives'

Kenzie Taylor, Little Puck, Blake Blossom, and Sophia Locke star in the seventh volume of "The Hot Wives," from Mile High Media studio imprint Sweet Sinner.

Leilani Li, Angellica Good Star in Latest From TransAngels

Leilani Li and Angellica Good star in the latest release from TransAngels, titled “Double VR Mouth Swap,” alongside Marcus McNeill.

Ember Snow Performs 1st DP in Latest From Pure Taboo

Ember Snow has performed her first DP alongside multi-XMAs winner Seth Gamble and Vince Karter in a new psychological thriller release from Pure Taboo, titled “Locked in a Nightmare.”

Show More