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Further lawsuits planned against SEGI’s CEO Edward A.Sylvin; Century Director
DubaiUAE and Angel, August 11, 2022 /PR Newswire/ –Open August 3, 2022Los Angeles Superior Court Judge Mark A. Young default judgment $2,522,525.26 Support All N Sports Services, LLC d/b/a Core Sports against Sycamore Entertainment Group, Inc.
The lawsuit stemmed from Century’s failure to pay licensing fees for boxing matches. Dubai March 2022.The fight, dubbed ‘the most intense boxing match in history’, was Eddie Hall and Thor Bjornsson, two former champions the strongest man in the world Contest. SEGI streamed the fight, but didn’t pay a token $11,500Failure to pay Core Sports its contractually agreed fees $2.5 million License fee.exist April 2022CEO of SEGI Edward A.Sylvin Send Wire Transfer Confirmation to Core Sports $1.5 million, promised payment imminent. The wire transfer confirmation is now known to be forged, and may have been designed to deceive Core Sports into believing that SEGI intended to meet its obligations.
Commenting on the verdict, Core Sports CEO Don Idris Said: “Core Sports has fully fulfilled its obligations to SEGI, as have all of the hard-working suppliers involved in this fight, with the exception of SEGI itself. While we are delighted that the court has ruled against SEGI, this particular fight is only “just” start. We are now investigating claims against SEGI’s officers and directors, as well as individuals and entities we believe helped SEGI protect its assets. “
Litigation Attorney at Core Sports, Steven A Heath of Los Angeles, California-based on Heath SteinbeckThe LLP said: “The court’s decision on claims including fraud and breach of contract confirms what everyone in the industry already suspected – Edward Sylvin Not suitable for running a lemonade stand, let alone a public company.After filing this lawsuit June 2, 2022, we quickly obtained bank records showing that SEGI used a separate company, Silau LLC, to receive and pay its cash. We are closely reviewing this arrangement for further litigation against SEGI’s officers, directors and advisors, as well as Silau, LLC itself. “
Source Core Movement
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