A former aide to the two Florida-based Australian men who founded Stake.com has filed a $400 million lawsuit against them in New York. [Image: Shutterstock.com]
A lawsuit was launched in the United States
A former colleague of the two Australians behind crypto casino superbrand Stake.com has launched a $400 million lawsuit against the New York couple.
I launched a civil case against Stake
According to a report Friday by Sydney Morning HeraldFlorida-based Christopher Freeman has launched a civil lawsuit against Stake and its founders. He claims that the two men deliberately chilled Stake’s prospects, including assuring him that the business was too costly to manage.
Freeman also claims that the founders, Ed Craven and Bijan Tehrani, persuaded him to take part in the startup by asking Freeman to move to Australia and telling him that the new business would only involve fiat currencies.
Despite their alleged assertions to Freeman, Craven and Tehrani have developed Stake into the world’s largest bitcoin casino since its launch in 2017.
Beef Freeman and the founders trace their origins back to Primedice, a casino venture that he, Craven, and Tehran created when he was still in university. When Stake was eventually cast as a virtual casino, court documents stated that it included:
A competitive online dice game and many other features that Freeman suggested and helped design.”
The documents added that the founders “persistently tried to assuage Freeman’s dissatisfaction with misleading him by assuring that he still held his stake in Primedice.” The plaintiff alleges that he was eventually denied access to his Primedice account, a restriction that still applies.
according to AnnouncesFreeman’s attorneys did not respond to requests for comment. Meanwhile, Stake issued a strongly worded statement calling Freeman’s allegations “completely frivolous […] inconsistent, willfully misleading, and erroneously provable.”
Freeman’s lawsuit also mentions Craven’s purchase of a Melbourne mansion for $80 million as evidence of Steak’s success. Founder Stake made headlines with the recent acquisition, which marks the second most expensive home sale in Australian history.
While Operation Stake is valued today at up to $680 million, it is clear from the statement that Craven and Tehrani do not intend to give in to Freeman’s demands. The stake statement stresses that Freeman “is not claiming the money he said he owed.”