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