Friday, December 9, 2022
HomeLaw & PoliticsCrypto Casino Stake.com ex-executive sues Australian founders

Crypto Casino Stake.com ex-executive sues Australian founders

Australian founders of crypto casino Stake.com are being sued in US for $400 million in damages by an ex-executive.

Ed Craven and Bijan Tehrani, the Australian founders of largest crypto casino Stake.com sued by an ex-colleague who claims he was excluded from the wildly successful company. He demanded $400 million in damages in the newly filed lawsuit on September 2. However, the founders of Stake.com have called the lawsuit “utterly ridiculous” and “utterly false.” 

In the Southern District of New York, Christopher Freeman, who is presently located in Florida, has filed a civil lawsuit in which he is demanding $400 million in civil fines as well as compensation for his initial investment in a business. He claims the two young casino operators with an Australian base misled him into not taking part in the development of Stake.com.

Stake.com is included as a defendant in the case as well. In a statement, the corporation’s attorneys described the charges as “frivolous” and “probably inaccurate.” It stated that it would defend the claim if the lawsuit was not dropped from court. Freeman asserts that Tehrani and Craven launched their crypto casino Stake.com despite their earlier warnings that doing so would be prohibitively expensive and their concerns over regulation.

e further asserts that Tehrani and Craven promised to restore his system access after they had been questioned by him. Tehrani and Craven “outspokenly sought to ease Freeman’s dismay at having been deceived by clarifying that he still kept his share in Primedice” when Stake.com opened as a virtual casino and featured a rival online dice game and many other features Freeman had suggested and helped create.

“The lawsuit submitted by Chris Freeman contains assertions that are internally contradictory, purposefully deceptive, and demonstrably incorrect,” Stake.com stated in a statement. The claim was a “desperate attempt to distribute false information,” the business stated, adding that Freeman had no legal right to the money he claimed to be entitled.

The company’s owners, it said, “are convinced that these entirely bogus charges will be rejected by the court in due time” and have no intention of giving in to Freeman’s demands.

Read more:

Vaishali Goel
Technology enthusiast, explorer and academic scholar. Currently exploring the crypto world. Join me in my journey to see how crypto, NFT and Metaverse will change the world.
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

five × four =

- Advertisment -

Most Popular