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HomeSoccerStake.com founders hit with $580 million lawsuit

Stake.com founders hit with $580 million lawsuit

Freeman claims he initially held a 20 per cent stake in Primedice while Tehrani and Craven both held 40 per cent, an arrangement that reflected their initial investment in the business.

Freeman alleges that within nine months of the establishment of Primedice, his shareholding was reduced to 14 per cent to reward other senior members of the development team.

Freeman alleges this share transfer occurred despite the trio having an agreement that Primedice would only provide equity to people who had put money into the business.

As cryptocurrency took off, Freeman alleges he raised the idea of a cryptocurrency casino with his business partners in 2016, but Tehrani and Craven were not interested in his idea given the potential issues with regulation.

That same year, Freeman alleges he was dissuaded from joining Tehrani and Craven’s new business venture, allegedly Stake.com, after being told…

Read more at www.smh.com.au

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