A Florida man convicted 20 years ago in connection with an organized-crime-related stock trading scheme claims his company is now a fraud victim, saying lottery-ticket platform Lottery.com violated terms of an investment agreement and pocketed the money to pay for its CEO’s $25,000-a-month rental mansion.
Investment firm Honey Tree Trading LLC sued Lottery.com, CEO Matthew McGahan, and four board members on Wednesday, seeking legal intervention to force the company to comply with the terms of a contract inked in December. Honey Tree firm loaned Lottery.com almost $1.3 million in exchange for shares and warrants, but the company never delivered, ...
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