Home » News » Investors accuse Asen Vassilev of fraud, he categorically denies

Investors accuse Asen Vassilev of fraud, he categorically denies

Investors from Denmark, former partners of Asen Vassilev, claim that he deceived them by selling software code of a Chinese company without their knowledge. Their joint company has been declared bankrupt by the British authorities.

In front of bTV Asen Vassilev categorically denied.

In 2007 Asen Vassilev founded his first company – “LESNO BULGARIA” EOOD. The idea of ​​the company is to sell online plane tickets at the best prices. The start-up company raised $ 6.1 million in funding through the NEVEQ investment fund and the fund acquired it. Asen Vassilev is a manager of the company until 2009.

The successor of “Easy” after 2009 is the company “Vayant”, told bTV one of the founders of the fund – Pavel Ezekiev.


“Of the 9 investments, the most successful was Vayant, the successor to Lessno.com and EZ Search. “Vayant’s product is an algorithm that calculates current prices, time so that with a few clicks the customer can choose a specific flight and book a ticket,” said Pavel Ezekiev.

Asen Vassilev has nothing to do with Vayant, but in the same year he founded the company EVERBREAD LIMITED UNITED KINGDOM with the same activity. Among the investors is Morten Lund.

“He is a fraud, but he is very, very smart. Extremely smart. We invested 15-20 million euros to develop the software, we had between 30 and 50 programmers in Bulgaria. He deceived not only me but also his friends. I was stupid and naive, and I believed him. He and several programmers took the code and went to China and sold it to the Chinese government after I found these customers. The software was owned by the company, and he just took it and sold it himself, “Morten Lund told bTV.


The thesis of Asen Vassilev:

“We were partners in Everbred. The company was closed. We had a misunderstanding with Mr. Lund and the other partners about how the company should move forward. Do you think that one of the largest companies in the world will buy code that is without pure intellectual property. The main differences were where and what the composition of the team should be, “said Asen Vassilev.


Asen Vassilev was adamant that he did not sell it without the knowledge of other investors.

After disputes in court, the former partners reached an out-of-court settlement, the company was declared bankrupt. British trustees Robin Davis and John Dickinson found that the company owed 54 creditors. However, only 14 have claimed 8.7 million pounds, and the assets in bank accounts on the Island and in Sofia are symbolic.

The trustees’ report also states that the price paid for domain name names is only 500 pounds.


The story continues. Lessno.com’s successor, Vayant, is also suing former Lessno employees, the investment fund confirmed to bTV. Vassilev’s bankrupt Everbred company is also being sued. Ultimately, these disputes were also resolved out of court.



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