Ed Craven, the billionaire co-founder of stake.com, a cryptocurrency casino platform, is accusing a former partner of stealing tens of millions of dollars worth of cryptocurrencies owned by the company. The allegations were made by Craven and another ring co-founder, Bijan Tehrani, in a motion filed in U.S. court.
Craven, Tehrani and Freeman are old friends who grew up together and worked at a cryptocurrency dice game site, Primedice, about a decade ago. It is during the management of this company that Craven and Tehrani alleging that Freeman has embezzled tens of millions of dollars in cryptocurrency from the company.
According to the AFR website, the lawsuit comes in response to a complaint filed in January in the Southern District of New York by former partner Christopher Freeman alleging he was persuaded not to participate in the formation of the ring and a damages of $500 million. .
Craven, Tehrani and Freeman
In early January, Stake.com founders Ed Craven and Bijan Tehrani were sued for more than $500 million by former colleague and childhood friend Christopher Freeman. According to court documents, Freeman accuses Craven and Tehrani of lowering his stake in the company.
Craven is Australia’s youngest self-made billionaire and recently bought two mansions in Melbourne for around $120 million, including one estimated at $88 million, Australia’s second most expensive home.
The trio founded the cryptocurrency dice game website Primedice in 2013, but Tehrani and Craven eventually split from Freeman and founded Stake.com. Freeman believes he was unfairly cut off from the deal and is suing the pair.
Freeman believes Craven and Tehrani violated their agreement as of 2016 and is seeking $558 million in damages for fraud, stolen ideas and embezzlement.
accusations
Craven and Tehrani now allege that Freeman embezzled tens of millions of dollars in Primedice cryptocurrency by transferring funds to his personal Coinbase account around January 2022.
They also claim that the only thing Freeman can claim is that they initially envisioned building a “fiat money casino” and not a cryptocurrency casino.
Craven and Tehrani describe Freeman’s accusations as “pure fantasy”, claiming they are motivated by Freeman’s regret that he was not part of Stake.com’s successful deal.
According to court documents, Freeman would not be entitled to the 20% of Stake.com he claims.
“Instead of making peace with his decision not to be a part of the new business opportunity, Freeman apparently became consumed with bitterness, leading him to steal tens of millions of dollars worth of Primedice assets and then fabricate a story about how he went about it. these poor decisions only because his best friend “lied…about the true nature of Stake.com,” “acted to shut him out,” and “hid his rights to the new company”says the lawsuit.
Amidst the battle between billionaires, Stake.com remains one of the world’s leading cryptocurrency casino platforms.
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
