Industry News

Jill Kelly’s Allegations Add Twist to Ronco bankruptcy; She says CFO Misappropriated JKP Funds

The Chicago Tribune reports:

A fight between a female porn star and the former chief financial officer of her adult video company is the latest twist in the made-for-television bankruptcy case of Veg-O-Matic maker Ronco Corp.

Ronco’s CFO Ronald Craig Stone faces allegations from porn star Jill Kelly of misappropriating funds and driving her adult movie company, Jill Kelly Productions, into bankruptcy. Stone was fired after the company filed for bankruptcy in Aug. 2005. He joined Ronco — founded by Ron Popeil who honed his informercial skills selling gadgets on Maxwell Street in Chicago — shortly afterward.

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