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Australia’s youngest billionaire and his business partner in an online casino enterprise are being sued for more than $500million by a childhood friend and ex-colleague.
Stake.com founders Ed Craven, 27, and Bijan Tehrani, 28, are accused of cutting Christopher Freeman out of their business, according to court documents.
Mr Freeman was Mr Tehrani’s best mate as a child growing up in , USA and worked together alongside Mr Craven on their first online business endeavour, Primedice, a decade ago.
Mr Craven is Australia’s youngest billionaire and last year bought two mansions in Toorak, for around $120million, including an $88million ‘ghost mansion’ which is believed to be Australia’s second most expensive house.
The trio founded cryptocurrency dice gambling website Primedice in 2013 before Mr Tehrani and Mr Craven split from Mr Freeman and founded Stake.com, an online casino.
Mr Freeman claims he was unfairly cut out of the business and is suing the pair for $588million in damages in New York’s Southern District Court.
Australia’s youngest billionaire Ed Craven (pictured) and his co-founder of online casino Stake.com, Bijan Tehrani are being sued by childhood friend Christopher Freeman for more than $500million
Mr Craven and Mr Tehrani (pictured) are being accused of cutting out Mr Freeman from their billion dollar enterprise
‘Freeman is entitled to no less than a 20 per cent share in Stake.com in addition to the amounts past due to him from Primedice and in various alternative cryptocurrencies, which total an amount not less than $US200m,’ said an amended civil complaint by Freeman, link slot gacor filed in court recently.
After Primedice’s initial success in 2016, Freeman pushed the partnership to expand into other online cryptocurrency gambling games, he claimed in court documents seen by Daily Mail Australia.
Mr Freeman alleges that in 2016, Tehrani and Craven used the commercial opportunities that arose from the Primedice concept to turn it into Stake.com.
He launched civil court action in New York in August 2022, seeking $US400m in damages, alleging he was unfairly cut out of Stake.
Mr Freeman also accused the duo of offering numerous online gambling options, including a dice game which directly competes and takes value away from Primedice, on their Stake platform, according to court documents.
Mr Craven is Australia’s youngest billionaire and last year bought two Toorak mansions in Melbourne for around $120 million, splurging a rumoured $88million on an unfinished house in the ritzy suburb of Toorak, in what became Australia’s second most expensive home (pictured)
The court documents state that Freeman alleges he was told by Mr Tehrani and Mr Craven in August 2016 a virtual casino was too expensive to build and instead they planned to bring a fiat casino to Australia, and that if he wanted to be a part of it he would need to relocate to Australia.
Mr Freeman declined to join them, as he is said to have believed a fiat money casino presented too many competitors and deemed it too risky.
Mr Freeman alleges in 2016, Tehrani and Craven used the commercial opportunities that arose from the Primedice concept to turn it into Stake.com (pictured: Mr Craven’s home in Toorak)
Mr Craven’s net worth is underpinned by the success of Stake, with the site seeing an average of $US400m wagered in the form of bets every day, according to statistics from The Weekend Australian Magazine in October
<div class="art-ins mol-factbox floatRHS news" data-version="2" id="mol-d9a22e80-8fc4-11ed-a195-077c768a5824" website youngest billionaire sued for an eyewatering $588MILLION