Kidnap attempt on Yolo Investments owner Tim Heath foiled in Tallinn

An attempt to kidnap Yolo Investments owner Tim Heath in Tallinn in July 2024 has been foiled. One of the suspects, Georgian citizen Ilgar Mamedov, was arrested in Lithuania and extradited to Estonia. The identity of the other accomplices has not been established, but it is known that they were foreign citizens. The investigation into the aborted kidnapping is ongoing.

The kidnap attempt was foiled, as Tim Heath was able to fight off the kidnappers when they attacked him.

Tim Heath is the founder of Estonian-based Yolo Investments, which focuses on seed—and A-stage investments in gaming and fintech. He specializes in the iGaming industry. He is also a founder and a board member of the Yolo Group, which operates gaming brands such as bitcasino.io and sportsbet.io and employs 900 people.

Born in Australia, Heath lives in Estonia and is a driving force behind cricket development there. The Australian Financial Review estimates his wealth at 2.27Bln Australian dollars or €1.4Bln.