Press Release.

Ed Craven, Stake.com & Roobet – A Global Money Laundering Operation Disguised as Crypto Gambling

FOR IMMEDIATE RELEASE

Date: 12 March 2025

Ed Craven Profits from Crypto Gambling Empire Built on Money Laundering & Offshore Financial Manipulation

Brisbane, Australia – An extensive investigation has revealed that Ed Craven, the billionaire co-founder of Stake.com, has profited directly from a financial crime network that spans multiple offshore jurisdictions, allowing illicit funds to be laundered under the guise of online gambling.

Stake.com and Roobet, two of the world’s largest crypto gambling platforms, are directly linked through a hidden corporate web operated by Xecutive Corporate Management (XCM), the directors behind both Stake and Roobet’s Curaçao-registered companies and their Cyprus-based payment processing firms.

While Craven’s lavish lifestyle and high-profile sponsorship deals have helped Stake project an image of legitimacy, the reality is far darker: Stake.com is at the centre of an international laundering network that profits off regulatory loopholes and financial crime.

Key Findings from the Investigation

Ed Craven’s Role: Profiting from Organised Financial Crime

  • Ed Craven is the ultimate financial beneficiary of Stake.com’s unregulated gambling operations, reaping billions from an offshore empire designed to obscure the true flow of funds.

  • Through Stake’s Curaçao and Cyprus financial structures, Craven has been able to extract wealth generated from illegal sources, including funds linked to fraudulent investment schemes and untraceable crypto transactions.

  • His financial success is built on enabling criminals to launder money through Stake’s platform, with virtually no oversight.

XCM: The Hidden Hand Behind Stake & Roobet’s Offshore Operations

Operating from Willemstad, Curaçao, Xecutive Corporate Management (XCM) acts as the true control layer behind both Stake.com and Roobet’s offshore operations.

  • XCM are the legal directors of both Stake.com and Roobet’s Curaçao-based gambling companies.

  • XCM also controls the Cyprus-based payment processing entities used by both casinos, enabling unrestricted movement of funds between high-risk jurisdictions.

  • By managing these key financial structures, XCM shields Craven and other stakeholders from direct accountability while allowing billions in crypto to circulate without detection.

Money Laundering Through Crypto Gambling

Stake.com and Roobet have processed transactions linked to known fraudulent schemes, including crypto Ponzi schemes and high-yield investment scams. Their offshore payment networks in Cyprus and Curaçao enable illicit funds to flow freely, evading traditional anti-money laundering (AML) controls.

Sponsorships: A Front for Legitimacy


To distract from its questionable financial activities, Stake.com has secured high-profile sponsorships, including:
✅ Official Betting Partner of the UFC
✅ Sponsor of English Premier League club Everton FC
✅ Sponsorships with F1 teams, boxing events, and esports organisations

These sponsorships give the illusion of legitimacy, while Stake.com and Roobet’s actual business model relies on offshore structures designed to protect illicit financial flows.

🔹 XCM’s Role in Silencing Investigators & Political Figures
XCM has also been linked to intimidation tactics against investigative journalists and politicians. The company has issued legal threats on behalf of its clients to suppress investigations into its activities.

Dutch MP Ronald van Raak, who has long exposed corruption in Curaçao’s gambling sector, was recently targeted by one of XCM’s managed entities, mBet Solutions, in a blatant attempt to suppress public scrutiny.

🔹 Despite Regulatory Warnings, XCM, Stake, and Roobet Continue to Operate Freely
While XCM, Stake, and Roobet claim compliance with Curaçao’s gambling laws and Cyprus’s financial regulations, the reality is that:

  • Curaçao’s sub-license system is widely abused, allowing fraudulent gambling operators to function with near-total impunity.

  • Cyprus-based payment processors linked to XCM have facilitated transactions from unregulated casinos, disguising their true origins.

  • Despite receiving warnings and fines from Dutch authorities, XCM continues to operate in a legal grey zone, shielding Stake and Roobet from direct accountability.