In an explosive turn of events, disgruntled shareholders of Lottery.com Inc. have declared an all-out war against the company’s top brass. Accusing the board of directors of gross incompetence, corruption, and self-serving schemes, the furious investors are now marching to court with a damning class action lawsuit.
The breaking point came when Lottery revealed earlier this month that it had awarded substantial amounts of stock to its management, despite the company having no operational activities or sales while maintaining high operational expenses and mounting losses. Here’s the inside scoop on the scandal shaking the company.
Lottery.com has been teetering on the brink of financial collapse, thanks to what shareholders are calling a complete failure of basic management and a clear indication of fraudulent activities within the top management. The finger of blame points directly at Board Chairman Matt McGahan, who also took the reins as CEO on July 20, 2023, …