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Author Topic: lavasoft big kids maybe a bit shakey?  (Read 4419 times)
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mitch
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Date Registered:March 29, 2004, 11:40:15 PM
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« on: February 10, 2007, 07:12:10 PM »

For those capable of reading Swedish:

http://www.gp.se/gp/jsp/Crosslink.jsp?d=913&a=324753
http://www.gp.se/gp/jsp/Crosslink.jsp?d=147&a=324936

Copy/pasted from BBR:
http://www.dslreports.com/forum/remark,17806643


I picked this up from the largest Swedish IT News site and translated it.

»www.idg.se/2.1085/1.94960
»it24.idg.se/2.2275/1.94960

Lavasoft hunted by the swedish tax agency.

The company behind the anti-malware company Ad-Aware is hunted by
the creditor despite large profit. The owners of Lavasoft have bought
tv's, training exercise equipment and have used the company's chauffeur
to on private journey's. On top of that the company hasn't reported
any book accounts since 2004.


The it-company placed in Gothenburg (Sweden) Lavasoft has become
very succesful internationally because of their anti-malware Ad-Aware.
The sales has generated good sales but the owners gets a reprimand
from the swedish tax agency. (As written by the newspaper Gothenburg Post)

According to the newspaper is hunted by creditors and has a dispute
with the swedish tax agency about unpaid debts.

Last year nine applications of injuctions to pay from different suppliers
was handed in to The Swedish Enforcement Administration and Legislation.
Lavasoft sales was 114 Million SEK (Swedish kronor) (About 12,5 Million Euro)
of the year 2004 and profit was 64,5 Million SEK (About 7 Million Euro).
Since then the company hasn't reported any book accounts.

Swedish tax agency claim though that the development of the profit has
continued and that the two owners together declared 8,8 Million SEK
(About 966 Thousand Euro) from private income last year.

Swedish tax agency has decided they both privately assess a tax income
of millions SEK in financial benefits that has'nt been brought up in their
declaration. Also the company has employment tax, VAT, added taxes
and interest close to 1 million SEK (About 109 Thousand Euro).

Swedish tax agency doesn't like the fact that Lavasoft has taken up a cost
of 1,1 Million SEK for a company to protect the owners weekend cottage
24/7. The owners claim the protection is motivated due to important
documents and secret sourcecode was in the house.

Swedish tax agency feel that the company activity is someplace else.
Therefore the cost of the security company shouldn't be considered
as a private financial benefit.

Not only that the Swedish tax agency feels that owners have mixed up
their private economy with Lavasoft. Amongst other things the owners
have continuously used the companys creditcard to buy things for
private use like televisions and exercise equipment.

One of the owners have also used the company's chauffeur in a rental car
transported to and from the house.
Swedish tax agency also report disorder in Lavasofts bookkeeping with
payments to different american accounts among other things.
The payment has been done without invoices or written agreement.

IT24 has been trying to reach the owner for a comment but with no result.
---

It was a long and hard text to translate for me hope I got most things
right so u can hopefully understand what I have written.
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mikey
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Date Registered:May 12, 2001, 03:16:27 PM
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« Reply #1 on: February 11, 2007, 03:37:47 PM »

Hmm, I can't help but look in awe to those reported numbers. They've (LS) come a long ways since the day in 2000 when they asked us to bail them out and take over application support because they could no longer pay their ISP fees and did in fact leave their ISP in the debt of several thousand dolars. In those days, bandwidth for the transfer of a recurring product including signature updates to millions was a very expensive endeavor for a non profit such as mine.

They've come a long way since the day in late 2001 when I first started blowing whistles about their involvement with my then partner who, with their help, ripped me off for thousands from my charitable pockets. Some of you with long term memory will recall the stink I made. Smiley

Do I think this story might be blown out of proportion? I think it quite possible. However, personally knowing the character of of those I once called friends, I have the thought that where there is smoke, there is likely some fire.

Wow, those numbers really are quite something for me to see. Please excuse any typos or bad wording as I am currently under quite a lot of meds...just felt the desire to make some exclamation towards those numbers.
 
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mitch
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« Reply #2 on: February 11, 2007, 05:17:54 PM »

the info in the post was in SEK's
i did a conversion and
from the site i used it is
1 Swedish krona = 0.143141381 U.S. dollar

so not the super big numbers but "nice pocket change" ;-D
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tampa
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Date Registered:June 11, 2007, 07:55:04 AM
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« Reply #3 on: June 11, 2007, 08:03:40 AM »

So, what is new? Some big shots have made a deposit for their ... wifes. Big deal. I'm sorry for the trouble they caused to the working programmers. They didn't have to suffer any consequences.  
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mitch
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Date Registered:March 29, 2004, 11:40:15 PM
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« Reply #4 on: June 19, 2007, 01:45:02 PM »

Quote
They didn't have to suffer any consequences.

i see you don't know much about them or their product do you
 <_<  
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