$EBET Looks like a WIN in court for EBET with all these charges or THIS WILL force a nice Settlement!
Looks like someone found part of Discovery - or the charges EBET has against NeoGames/Aspire/Aristocrat - from this guy nice work! - https://stocktwits.com/martinwien
EBET was not transferred the player account databases until after December 1, 2021. 190. When EBET was finally transferred the databases, EBET learned for the first time that it was only acquiring approximately 800,000 player accounts. This is far less than the 1.25 million accounts the Aspire Defendants previously represented would be purchased. 191. Specifically, the database revealed that the Aspire Defendants were transferring 1,223,254 player accounts. Of this 1,223,254 total, only 1,122,398 player accouts had valid emails (i.e., with the format: username@domain.tld). Further inspection revealed that many of these were not genuine player accounts, and that 320,473 had telepathy.com/ email accounts, which, on information and belief, is a Neogames email address. In all, only 801,925 of the accounts were genuine player accounts.
EBET promptly informed the Aspire Defendants of what it had learned. 175. The Aspire Defendants induced EBET to enter into a Mutual Release and Settlement Agreement (“Release”), because the Aspire Defendants wanted EBET to release the Aspire Defendants from their specific fraudulent affiliate payment manipulation liability to the extent of Aspire’s exposure to EBET, all in exchange for certain considerations Aspire promised to provide to EBET. Not only did Aspire totally fail to provide or perform on such consideration or promises of performance related thereto, but it was at all times impossible for Aspire to perform on what they promised to do in exchange for the Release. 176. At the time EBET discovered the Aspire Defendants’ fraud, Aspire PLC was majority-owned by Neogames, but Neogames had not yet finalized the agremeent with the third- party purchaser. Bullish
wow they also cheated affiliates and EBET can obviously prove it with witnesses
The Aspire Defendants, however, used their own version of software to hide their fraudulent underpayment to affiliates.
The Aspire Defendants’ former employees showed EBET that, in one month alone, and for only three affiliate marketers, this manipulation artificially deflated the Aspire Defendants’ actual operating costs by 600,000 Euros.
They are in deep trouble Bullish
This fraud includes, and is likely not limited to: a. Falsely reduced operating costs, which were done by defrauding third party affiliate marketing vendors out of amounts rightfully owed to those vendors for years; b. False databases of player accounts, which did not contain actual player accounts, but accounts created with Neogames’ email addresses that appear to be fake and/or inactive, but which the Aspire Defendants represented were active and for which EBET paid as if they were active; c. False financials, showing profits that did not exist; d. False promises on the financial performance capabilities of the B2C Assets, as well as on the safety and compliance of the Aspire Defendants’ platforms; and e. False and/or negligent misrepresentations as to the Aspire Defendants’ status of their gaming license compliance in key jurisdictions, and including, specifically, Germany. Bullish
📢 📢$EBET DD: Suing a Nearly $30 Billion Company!! For $70Million Plus Damages(ARISTOCRAT LEISURE!)(Over 2 Years Worth Of Damages At That May Very Well Surpass The $70mil 5X!!)(Settlement or Buyout Could Hit at Any Time!) Between $100 MILLION to $500 MILLION Is My Estimates! = $4.66 to $33.00 a Share Could be Coming If These Are The Ranges. ➡️➡️➡️ https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173689716
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