It is typical for Lyoness to play down in an “initial assessment” the decision by the Norwegian regulatory authority. As a matter of fact, Lyoness has been targeted by the Norwegian regulatory authority already since 2013, which I have also reported on in blog entries of June 6, 2014 on this website. The Norwegian authority […]
In a 16-page decision, the Norwegian regulatory authority “Lotteri- og siftelsestilsynet” (publication by the Norwegian authority) has classified the companies Lyoness Norway AS and the “new variety” Lyconet as illegal pyramide schemes and snowball systems and has demanded that the companies cease all business activities within four weeks. Should Lyoness Norway AS and Lyconet not […]
A trial at the Commercial Court of Vienna on January 12, 2018 (Case no. 11 CG 75/16s-23) did not go too well for Lyoness Europe AG. As a reaction to my reports (Mastercard lie, PUMA trademark infringement etc.) and the publications in the Austrian media, Lyoness AG Europe has filed a suit against me on […]
The State Office of Criminal Investigations of Vienna – Department EB4, Economic Crime Unit – is investigating Helmut Freydl (case no. 5 St 42/17d) in connection with Lyoness Austria GmbH and their event “Elite Seminar with Eric Worre” in September 2013 at the Wiener Stadthalle. According to this, in the summer of 2016, a Swedish […]
Golf Open Event GmbH and Lyoness are now also parting ways regarding “Lyoness Golf Open”, although the contract was valid until 2020. In proportion to the nature and seriousness of the offense, Lyoness has furtively left Golf Open Event GmbH as a sponsor/partner and has disappeared from all relevant websites. As of 2018, “Lyoness Open” […]
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 […]
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 […]