Lyoness, Lyconet, MyWorld
These companies were founded by Hubert Freidl. In many countries, Lyoness/Lyconet is already illegal and in some countries even banned as a pyramid scheme. Members are recruited with the idea of cashback, fed into the pyramid scheme and currently encouraged by myWorld’s IPO fantasies to exchange investments they have already made for worthless fake shares.
Actual market presence. Lyoness uncovers its own lies.
Lyoness likes to falsely take all the credit and lists on its website between 70 000 and 75 000 distributors and partner companies. At first glance, this number is truly impressive, but the reality looks somewhat different. Of these 70 000 to 75 000 “partners” only 50 630 retailers really exist (source: Lyoness website as of 9th of September […]
Lyoness changeover to the 2014 General T&Cs is illegal according to a final judgement!
The Court for Commercial Matters in Vienna has stated in a final judgement of August 16, 2017 that the changeover to the new General T&Cs was illegal. The plaintiff could only view the 2014 General T&Cs after clicking on them. By this verdict, the plaintiff has also been adjudged her investments including interests minus the […]
Chain stores keep their distance from Lyoness
Lyoness likes to adorn itself with borrowed plumes and published the names of several “partners” on its website – e.g. Kika/Leiner, Booking.com, Lego, Microsoft, Nike, Nordsee, OMV, Stiefelkönig, Palmers, Swarovski… and many more. Sometimes these don´t even know about it.