Brief: Lottery.Com Inc - Board Retained Outside Counsel To Conduct An Independent Investigation

Sports Entertainment Gaming Global

06/07/2022 11:10

July 6 (Reuters) - Lottery.com Inc  LTRY.O :
    * LOTTERY.COM INC -  AUDIT COMMITTEE OF BOARD RETAINED OUTSIDE COUNSEL TO
CONDUCT
AN INDEPENDENT INVESTIGATION
    * LOTTERY.COM - INVESTIGATION REVEALED INSTANCES OF NON-COMPLIANCE WITH
CERTAIN
STATE AND FEDERAL LAWS
    * LOTTERY.COM INC - INVESTIGATION ALSO IDENTIFIED ISSUES PERTAINING TO
COMPANY'S
INTERNAL ACCOUNTING CONTROLS
    * LOTTERY.COM - FOLLOWING FINDINGS OF INDEPENDENT INVESTIGATION, BOARD
TERMINATED
EMPLOYMENT OF RYAN DICKINSON AS COMPANY'S PRESIDENT, TREASURER AND CFO
    * LOTTERY.COM INC - EFFECTIVE JULY 1, 2022, HARRY DHALIWAL HAS BEEN NAMED AS
COMPANY'S INTERIM CHIEF FINANCIAL OFFICER AND PRINCIPAL FINANCIAL OFFICER
    * LOTTERY.COM -  INVESTIGATION REVEALED NON-COMPLIANCE WITH STATE, FEDERAL
LAWS
CONCERNING STATE IN WHICH TICKETS PROCURED AS WELL AS ORDER FULFILLMENT

Further company coverage:  LTRY.O 

 ((Reuters.Briefs@thomsonreuters.com;))