“Top Life Digital. On detour to Freidl’s Ponzi scheme.  

Is Top Life Digital ( Top Life Digital ) Hubert Freidl’s latest hoax to recruit unsuspecting new victims for his collapsing pyramid scheme? A potential participant of a Top Life Digital meeting in Macedonia contacted us to share his experience with the organization. He realized what it really was before he registered with myWorld. 

Top Life Digital promotes digital marketing on Instagram and invites people to their meetings. Meanwhile, the leaders of Top Life Digital explain to the participants how they can make money online and promise them incredible success and financial freedom. They introduce the “myWorld” app for cashback and encourage participants to invite their friends in order to earn commission. In addition, they also advertise the @mediaBox and claim that participants can earn 50 euros per sale, but that only works in Italy.  

After the presentation, participants receive links asking them to register with the myWorld app. All members are supposed to open a link to a book within two weeks and read it in order to be “admitted” for a second session. Our informant already knew exactly who behind myWorld and Lyconet was, so he warned the other participants.  

On Instagram and their website, they advertise themselves as a “team of freelance marketers” whose members achieve financial independence. They list myWorld as “partner”, even though Hubert Freidl and myWorld are obviously behind this. We have seen it all several times in the past, most recently with the “Lyoness Mastercard lie”, where they claimed that a “third-party provider” called “myCard” was responsible for the failure of the launch at the time. As it turned out, this alleged third-party provider “myCard” was actually a company in Gibraltar founded by Lyoness employees themselves.  

The question arises as to why a supposedly IPO ready company would find it necessary to indirectly recruit new members in Macedonia, to whom they suggest that top life digital is a completely different company.   

As always, it is important to keep one’s eyes open, since not everything that contains Lyconet, also has its name on it. The company names Lyconet and myWorld have almost been burnt in the meantime, since currently many of Hubert Freidl’s companies are being transformed into something “mSP”, e.g., most recently Lyconet Austria GmbH was transformed into Lyconet mSP Gmbh. More on this soon plus: why the IPO is becoming increasingly unlikely. 

Marketers’ concerns about the IPO in July!  

The saga of Lyoness/Lyconet/myWorld’s questionable IPO continues: former top leader Teresa Berger mentions the possible scam on her Instagram page indirectly. Internal chat messages reveal that the marketers are concerned about their investments after putting money in time and time again, without seeing any returns. The concerns are not entirely unwarranted. It was announced that an expansion in Asia will take place but on which stock exchange the current company will be listed, the WKN or IPO number and stockprice are still unknown. The only information available is that an Upper Austrian company is said to have taken over the valuation and support. Deloitte, perhaps? Well, Deloitte has already publicly denied their involvement.    

Source: Deloitte, Mail from 11 May 2021

Translation: mail from Deloitte’s denial:

Dear Mr… 

my colleague has forwarded me your email dated 10th of May 2021 iS myWorld. 

We would like to state that Deloitte has not been engaged in connection with an IPO or an assessment of the potential market value of the myWorld Group. 

Yours sincerely 

Deloitte Tax Wirtschaftsprüfungs GmbH

The marketers’ fears are not taken seriously, and the supposed listed company pretends that the most important questions that are currently being asked are considered insider information, although it should be public knowledge by now. The company allegedly claimed to marketers in the past that it would be listed on NASDAQ, but it has not yet been made public at what price and on which exchange the stock will be traded. Normally, such information would have been available to the public a long time ago, especially since the IPO is scheduled for the beginning of July.    

Translation of the chat on the right:

“The IPO is now within close reach. By now we should know where it will be listed, shouldn’t we? Can anyone answer this question for me? Thanks in advance”  

“Deloitte is not an exchange. The latest information will probably be available at the Elite Seminar.” 

1. things change – thank goodness, otherwise we’d still be knocking stones. 

2. the assessment / monitoring was done by an Upper Austrian company. 

3. the company certainly knows where/when/what/how it will be listed, but certain information is not spread as “rumors “, but is officially distributed as a newsletter and – I assume – also officially launched at the Elite Seminar; just as it is with any big and important information. 

“Believe me, no one wants to believe in this as much as I do. It’s not that easy though.” 

Source: Chat participant
Source: Chat participant

Translation of the chat left:

“It’s true that when it comes to IPOs or other financially relevant topics, everyone wants to mess with the regulators and gladly disclose internal information. It just makes sense; sharing insider knowledge is almost a trivial offence in the financial sector. (sarcasm)” 

“It’s not about insider business. The exchange should not be a secret, that would be insane. What remains is the anticipation of the seminar.” 

“I just don’t understand why they could say 1.5 years ago that it would be listed on NASDAQ.” 

“8 weeks before, it’s a state secret.”  

“But yes, it doesn’t matter anymore now… it’s just a case of waiting and hoping again.” 

Ex-marketers Teresa Berger and Nikolaus Krause have since moved on to another company and she currently expressed her mistrust visibly on Instagram, Berger takes a dig at Lyoness/Lyconet by posting a mocking meme regarding the “cloud distributions” that have not taken place to this date. It is likely that marketers will have to hold out again and that Gelsenkirchen will announce that the company will go public in Asia in the future. This further intensifies marketers’ doubts and concerns so close to the upcoming event. These legitimate questions should not simply be brushed aside.   

Source: Chat participant

However, the possible upcoming announcement that the company will go public in Asia raises additional questions. Why will the IPO not take place on NASDAQ as announced?   

Every member should take the opportunity to get information online, by simply entering “IPO process” into any search engine and comprehending the given information.  

These bullet points should have been fulfilled by Hubert Freidl and Lyoness/Lyconet/myWorld for a while now and the information should have been published. 

Why is there still no solid information on the price of the share and on which stock exchange it will be traded? Marketers have the right to clarity and transparency. The indications so far suggest that, as usual, something is not right. Or is the elite seminar in Gelsenkirchen just a pretty “certificate” stating that marketers now own some stake in some company.   

It is time for the company to provide answers to avoid further speculation and rumors. 

Yet another criminal complaint: Hubert Freidl’s “Clouds”  

Another criminal complaint was filed with the Office of the Attorney General for Economic Crime and Corruption on 05 April 2023 and forwarded to Department 33, this time concerning “clouds”.

The Customer Cloud is an idea which probably originates from Hubert Freidl’s think tank “how do I get the marketers’ money”. It is well known that Hubert Freidl is not emotionally attached to his members. Court records show that Freidl occasionally utters “let’s go collect morons” to his inner circle before he enters the stage to speak to those so called “morons”. 

Source: Lyconet

Customer Clouds are based on the company’s pretense that in future the shopping community, number of customers and partner cooperations will steadily increase by expanding into other countries. As a cloud owner, you virtually “sponsor” the market expansion, whereby you are supposed to receive your investment plus monthly distributions at the end of the agreed term. 

 Other than selling clouds, most expansions never actually happened. The announced cloud distributions were initially delayed and when they did happen, they were of outright ridiculous magnitude, not in the positive sense. Top leaders at the time announced, that “with the distribution of the cloud, you have a secure monthly passive income”, but just a couple of years later, these guys are nowhere to be found, since they conveniently moved on from the company a while back and thus cannot be held accountable for their statements.  

Source: Behind MLM

Regular purchases in the myWorld shopping community generate Shopping Points but cannot be allocated to customers who have not come across myWorld by “recommendation” and therefore do not have an account. For this reason, Shopping Points generated this way, are allegedly pooled in a cloud, to later be distributed proportionately to the investors.  

Said passive income should be generated based on the customers’ daily purchases. The number of clouds as well as the registration is limited. With the purchase of an entry package between 350 and 2400 euros, one gains access to Clouds. Additionally, one has to make monthly purchases via the website, of between 50 and 150 euros. The cloud itself costs between 500 and 1500 euros and was alleged to pay out at least 300 euros per month in profit. The cloud payments were booked in the system as product purchases in the form of “discount vouchers”.   

The prerequisite for entitlement to payment is that a marketer has to accumulate 50 evaluated Shopping Points in that week. Shopping Points originate from the purchases made by the marketer himself and from those purchases made by the customers recruited by the marketer. It is also maintained through the purchase of vouchers, whereby 50 Euro equals 50 SP. Easy Shop Plus must be active also, which means regular automated purchases must be made via the shopping community. 

Excerpt from the court filing:   

“The “Lyoness/Lyconet/myWorld” model does not provide for the possibility that the payments are paid out again or refunded; rather, all versions of the T&Cs stipulate that the payments are non-refundable. The vouchers cannot be used for purchases either. In fact, the payments are therefore not matched by any equivalent consideration. The total loss of the capital invested is pre-programmed.”  

Because of the above inconsistencies, we believe that the law is being violated in the following respects: Investment fraud: Due to the scam “products” and the general deception involved in the investments, there is a suspicion of investment fraud. A total loss is possible and likely to happen since consumers are promised investments that do not exist. Investors entrust their money to the company to invest and manage, which was never part of the company’s plan to begin with.  

What is behind the clouds is indicated by the allegedly violated laws, such as    

§§ 146, 147 para 3, 148 2nd case StGB – Serious fraud

§ 156 Abs 1 und 2 StGB – Grossly negligent insolvency over 300.000 €

§ 278 paras 1, 2 and 3 StGB – Criminal organisation “Mafia Paragraph”

§ 168a paras 1 and 2 StGB – Ponzi schemes  

§ 15 para 1 KMG – Violation of the Capital Markets Act 

There is a suspicion of embezzlement due to the use of capital contrary to the agreement. The model for recruiting new marketers and the remuneration according to the “compensation plan” correspond to a pyramid scheme. There is suspicion that Freidl is operating a pyramid scheme, as has already been judged in Norway, Poland and Italy. On top of that, there is suspicion of a mafia-like structure or criminal organization as the organized, Europe-wide, commercial fraud has been ongoing for years.   

Stay tuned! 

Hubert Freidl’s EliteClub finally targeted by public prosecutors!  

It was only a matter of time until the EliteClub would be targeted by the public prosecutor’s office as well. Criminal complaints are being filed against every aspect of Hubert Freidl’s Ponzi scheme. 

After a long period of securing evidence, the EliteClub has now finally been reported as a suspected fraudulent scheme. Admittedly, it was a clever way to move members’ money out of the country before their very eyes. Here is the short version of the 32-page criminal complaint, which EliteClub members should keep in mind.

EliteClub Austria GmbH, for example, was entered in the commercial register on the 8th of January 2020. The shareholder was initially EliteClub Austria Limited and subsequently EliteClub Global Limited. Silvia Freidl is the beneficial owner.  

Silvia Freidl is the managing director of EliteClub Austria Ltd., and the beneficial owner is EliteClub Global Limited. Silvia Freidl is also the managing director of EliteClub Founders Circle Limited, the beneficial owner is Elite Club Holdings Limited. Lyconet Marketing Agency Ltd, which is the sole shareholder of Lyconet Austria GmbH, was founded on January 18th, 2018, by shareholders Hubert Freidl, Marko Sedovnik and Mario Kapun. Hubert Freidl is the economic owner. Confusing, isn’t it – and yet that’s only the tip of the iceberg.  

However, all these “Limited’s” have one thing in common: they each have only GBP 100 share capital and share the same letterbox address, which is: 3rd Floor 40 Bank Street, London, England, E14 5NR. The balance sheets speak for themselves: EliteClub Global Limited, EliteClub Austria Ltd and EliteClub Founders Circle are each “dormant companies”, meaning they do not carry out any business activity. According to their latest balance sheets, their only assets are their share capital of GBP 100. EliteClub Global Limited and EliteClub Holdings Limited did not even file their balance sheets for 2021 (“accounts overdue”). EliteClub Holdings Limited is exempt from filing a full balance sheet and has only losses.  

Follow this link and check these companies yourself: Find and update company information – GOV.UK (company-information.service.gov.uk)

The chaos is intentional: Freidl’s companies hide behind complicated structures to avoid repayment obligations by pointing to each other for taking responsibility. The system is financed exclusively by payments from members who will likely never get their money back, particularly because of these complicated structures. 

The business model claims to have airport and sports lounges as well as yachts, planes and villas. With the EliteClub, a revenue share is promised if other people, mainly rich businesspeople, use these “exclusive” services for a fee (the so-called Founder Circle). The EliteClub Founder Circle Program  to pool the balance sheet profit of EliteClub Founder Circle Limited in the form of Shopping Points (EliteClub Cloud). Any retained earnings of this company would be recorded in euros and converted into a corresponding number of Shopping Points. The resulting SP volume will be distributed proportionately to all participating members. However, EliteClub Founder Circle Limited is a “dormant company”, i.e., it does not carry out any business activity and can therefore never have a balance sheet profit. According to the 2021 balance sheet, the only asset is a share capital of GBP 100.  

Were the members who joined EliteClub aware of the following when they were invoiced:  

There is no issuer or service provider visible on the invoice, only EliteClub International operated by NESSA FZCO and then again operated by Elite CB International FZE at the bottom of the footer without any apparent reference. However, the uniform membership number seems to be the same for Lyconet, myWorld and EliteClub.  

The elite club is a fraudulent construct. Investors are led to believe that EliteClub is a product of Lyconet Austria GmbH, while a company in Dubai, influenced by Hubert and Silvia Freidl is foisted upon them so that the investors cannot reclaim their money, because taking legal action against a letterbox company in Dubai is impossible without the necessary funds and therefore rather hopeless.  

Thus the accused commit the offence of aggravated commercial fraud according to §§ 146, 147 Abs 3, 148 2nd case StGB. It is quite obviously a pyramid scheme according to § 168a StGB.  

We will keep you informed.