Former Lottery.com Executives Plead Guilty to SPAC Fraud Scheme
ByAinvest
Thursday, Mar 26, 2026 5:25 pm ET1min read
SEGG--
Three former executives of Sports Entertainment Gaming Global Corporation have pleaded guilty to securities fraud for inflating revenue ahead of a merger that took the online lottery platform Lottery.com public. The company was previously known as Trident Acquisitions Corp, a blank-check company that pivoted to AutoLotto. Revenue was manufactured through sham transactions and false SEC filings. The fallout has reached civil court with a shareholder derivative action accusing former officers and board members of orchestrating the scheme and breaching their fiduciary duties.
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