Lottery.com ousts CFO following investigation; shares drop

Sports Entertainment Gaming Global

06/07/2022 19:23

** Shares of lottery brand Lottery.com  LTRY.O  down 15% at
$1.04 in afternoon trade; stock sinks to record low following
findings of an independent investigation
    ** Co's board terminates Ryan Dickinson, president,
treasurer and chief financial officer, based on the findings
    ** Investigation revealed non-compliance of some federal
laws related to procurement of tickets as well as order
fulfillment, and issues pertaining to internal accounting
controls  urn:newsml:reuters.com:*:nNDL5g1pmH
    ** Dickinson served as the president and treasurer since Oct
2021 and as the finance chief since March 2022
    ** Since July 1, Harry Dhaliwal has been serving as the
interim CFO - co
    ** Including Wednesday's session, LTRY down ~84% YTD

 (Reporting by Aatrayee Chatterjee in Bengaluru)
 ((Aatrayee.Chatterjee@thomsonreuters.com;))