Lottery.com names Moffly as interim CFO

| By Robert Fletcher
Troubled lottery broker and information portal Lottery.com has appointed Edward Moffly as interim chief financial officer.
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Moffly will replace Harry Dhaliwal, who resigned from the same position earlier this month after serving in the role on a temporary basis since July 2022.

Moffly is the founder of Moveo, a, transportation network company that provides passenger ground transportation logistics technology and services and has served as its managing director since October 2018.

Prior to this, he was the founder and interim chief financial officer of Hygea Health Holdings, a primary care physicians’ network and independent practitioner association.

Earlier in his career, Moffly was founder and chief operating officer of Denarii Systems LLC, which built a mobile-focused issuing and acquiring processor for credit card companies.

As per the terms of his employment agreement, Lottery.com will pay Moffly a compensation rate of $1,000 per day worked with the business. He officially assumed the interim role on 14 October.

Moffly is the latest appointment at Lottery.com, which has been hit by a series of issues in recent months.

This month, Sohail Quraeshi was appointed as chief executive and Vladimir Klechtchev and Amer Rustom as new outside directors. They will sit alongside remaining director Richard Kivel, who is now chairman of the board, fulfilling the Nasdaq’s requirements that the company has at least three members of the board.

Nasdaq had given Lottery.com until 5 October to fill the seats in accordance with the stock exchange’s rules and regulations. This followed a warning that it could be delisted from the US Nasdaq stock market after failing to file its most recent quarterly financial report on time.

In July, it was also revealed that Lottery.com owed $425,000 in outstanding payroll obligations, just days after Lawrence (Tony) DiMatteo resigned from his role as chief executive of the business.

DiMatteo’s exit followed that of chief revenue officer Matthew Clemenson, who resigned a week earlier.

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