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The CEO of an online gaming company has been cleared of unlawfully accessing and downloading data from his former employer’s database.
Fredrik Gereon Ljungcrantz had left Evoke Gaming Ltd in 2016, after three years as sole call centre manager, to take up a job at Stay Gaming Group NV, working at Staybet.com, owned by his best friend.
Together, the two were in the process of setting up a new business, Magic Holding Ltd.
Following Ljungcrantz’s departure, Evoke registered a sharp decline in sales deposit and gaming revenue, with an auditor subsequently testifying that net gaming revenue had dropped from €12.9 million in 2015 to €9.9 million the following year.