Founder of Ylilauta ABANDONS tax haven - Relocates to BALTICS

Finnish businessman appears to be making an escape from the tax haven of Gibraltar. Sopsy, founder of Finnish imageboard Ylilauta, has kept his holding company registered in Gibraltar for the past seven years. Recent movements suggest a strategic shift, as he has transferred the ownership of his shares in a key company to another entity registered in Estonia.

The company in question is a large casino affiliate marketing site operator which Sopsy has been a minority shareholder of since late 2017. This is also when the LLC that manages Ylilauta was formed and registered in Malta. Multiple key people from the affiliate marketing operator sit in the board of the company that manages the Finnish imageboard.

A Form T Filing submitted to the Malta Chamber of Commerce in late May 2024 reveals that Sopsy has transferred his shares to himself as a natural person registered in Estonia. Only 1 day later the shares were transferred again. This time to a limited company that was registered in Estonia in late 2023 - owned fully by Sopsy himself.

A Form T Filing shows the first transfer took place on 28th May 2024*

The following day, the shares were transferred again*

*Camoradar possesses the original, uncensored documents and has confirmed their authenticity.

This move has raised eyebrows among financial analysts and regulatory authorities, who are keen to understand the implications of this sudden change. Sopsy's holding company in Gibraltar has long been a cornerstone of his business operations, benefiting from the territory's favorable tax regime. However, recent global crackdowns on tax havens and increased scrutiny on financial activities in such jurisdictions might have prompted Sopsy to reconsider his strategies.

According to Camoradar's sources, earlier this spring a Finnish online casino mogul made an offer to acquire Ylilauta with a multi-million-euro valuation. Unfortunately, although Sopsy is the largest single shareholder in the company, he has been constantly outvoted by the minority shareholders who act uniformly to dictate the company's future.

As a result, the casino mogul has faced persistent evasiveness from the owners. Despite repeated negotiations, they have continuously postponed discussions and shirked responsibility, creating the impression that they are unwilling to sell.

In the light of these current events Camoradar will be carefully monitoring the ownership structure of all stakeholders. Could this be just a prelude for something bigger?

The full report on the Fall of Ylilauta will be published later this month.