SEGG says 2020-2025 financials restated after fraud-linked Legacy Transactions; ex-CEO Komissarov sentenced

Sports Entertainment Gaming Global Corp

Company determined 2020 and 2021 Legacy Transactions overstated revenue: $9,000,000 Datassure transaction and $10,572,674 Global Gaming acquisition cost.
Restatements affect Affected Reports for 2021-2022 and Correction Periods 2023-2025; 2023 total assets fall $6,761,100 to $57,647,463 and accumulated deficit rises to $241,893,690.
Komissarov was sentenced June 24, 2026 to three years in prison; Clemenson and Dickinson pleaded guilty May 22, 2025 and await sentencing.
Company says current officers/directors had no involvement; no Legacy Transactions participant is currently employed or engaged with SEGG.
SEGG intends to restate Affected Reports and present corrected financials beginning with Q1 2026 Form 10-Q; auditor consulted.

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