FABIAN Step Inside Im Callin you out.

Germany officially makes Manwin losses

The sheer number of performers suggests revenue of tens of millions, in the publicly available data is examined but in vain. Officially Manwin Germany makes in Germany namely losses. A loss of approximately 32,000 euros is for the fiscal year 2010 in the books.

More recent figures are not known. Employees, however, report that the company is very well off. The bosses in Hamburg would have approved in recent months whopping bonuses. "The entire management team driving company cars: A8, S5, Q7 - mainly big Audis," says a former student.

The official balance sheet figures reflect the reality at best reflected inadequate if they have anything to do with reality. Also show the internal accounts. This involves the sale of Internet currency Dirty cents at you with My Dirty Hobby paid. They show that only Manwin Germany in May, June and July each made more than 2.5 million euros.

So it could agree what to say ex-employees. They estimate the annual turnover of the Hamburg branch of around 30 million euros. To such business activity indicated in the German balance but nothing out. But where the my dirty hobby million flow then?

Million in tax revenue over funneled

It is established that is collected only once in Germany. The customer payments go to the account 0676792500 at Commerzbank Hamburg. Account holders, however, is not Manwin Germany, but a company called Colbette Holdings Limited, Cyprus. A former employee says that the hamburger try very hard to make it look as if My Dirty Hobby and would Privatamateure operated from Cyprus.

Sun bathes the Colbette Holdings not only in bank transfers for customers, but also in the imprint of the website. Stands in the accounts for the German performer: "The tax liability in Cyprus goes to the Colbette Holdings Ltd (VAT reversed).". Technicians from Manwin initiated emails to German authorities in Cyprus to server, so nobody suspected creatures, says the former employee.

His statement: "This is method million revenue from Hamburg to be funneled over to the German tax.." After all, the Colbette Holdings has an address on the Mediterranean island: Nicosia, Larnakos Avenue 33, Suite one hundred and first It is a particular address in the Manwin universe.

Sole shareholder and director of the holding company based in Luxembourg, is the German Fabian Thylmann. The offices in Luxembourg, however, seem deserted, although there also at least twelve subsidiaries are domiciled.