Bookmakers The Punt

How the Young and Successful Prey on the Poor and Addicted

by : peterprofitracing
FacebookX

Australian-based Stake.com founders dodge $580 million claim

BySarah Danckert

The two founders of Stake.com have managed to avoid a $580 million claim against their business by a former business partner after a US court threw out the claim for a lack of jurisdiction.

Last year, the former business partner to Bijan Tehrani and Edward Craven – Christopher Freeman – launched court action in the Southern District of New York claiming he had been shut out of the business and had been misled by the Australian-based entrepreneurs.

Stake.com founders Bijan Tehrani and Edward Craven.
Stake.com founders Bijan Tehrani and Edward Craven.

An investigation by this masthead in 2021 revealed that Craven and Tehrani were the founders of the wildly popular online cryptocurrency casino Stake.com, and that the group was operated out of Australia despite being registered in the Caribbean island Curacao.

The Stake.com parties had asked for the case to be thrown out because it failed to properly state a claim against them and did not have proper jurisdiction given the business, Stake.com, was not operated out of the US.

Subscribe or log in to read the rest of this content.
The articles published on this site are the honestly held opinion of the author, based on observation, research and the materials available to and read or watched by them. The author makes no representation that the opinions expressed are strictly factual or provable in law. Racing is funded by public money, and issues to do with racing and gambling are matters of public interest. The honestly held opinions expressed in articles on the site are published on the basis of the public interest in the integrity of racing. Should any person believe that the author's opinions expressed herein are incorrect we encourage them to contact the author at peterprofitracing@gmail.com with their concerns, and appropriate corrections, alteration and deletions where appropriate will be made.
error: Content is protected !!