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.
You need to load content from reCAPTCHA to submit the form. Please note that doing so will share data with third-party providers.
More InformationYou need to load content from reCAPTCHA to submit the form. Please note that doing so will share data with third-party providers.
More InformationYou are currently viewing a placeholder content from Facebook. To access the actual content, click the button below. Please note that doing so will share data with third-party providers.
More InformationYou are currently viewing a placeholder content from Instagram. To access the actual content, click the button below. Please note that doing so will share data with third-party providers.
More InformationYou are currently viewing a placeholder content from X. To access the actual content, click the button below. Please note that doing so will share data with third-party providers.
More Information
Anyone who still believes is losing – The dangerous illusion of Lyconet
Glossy on the outside, rotten on the inside – that’s an accurate description of the current state of Lyconet and myWorld. While the company continues to publicly portray itself as a thriving network, behind the scenes there are increasing signs of structural decay, financial difficulties and systemic lack of transparency. Office closures: downsizing instead of […]
Lyconet, MyWorld & the media boxes: still a lot of hot air, little reality!
What began with promises of passive income, technical innovations and international success stories ends for many in frustration, financial losses and burning streaming boxes. After revisiting the topic of @Mediabox after a few months, we received numerous additional accounts from those affected. These statements cast an alarmingly clear light on the questionable practices of the […]
Blocktrade SA: Gamification, crypto dreams – and a powder keg for investors?
From the outside, Blocktrade SA looks like the next big thing in the European crypto market: a gamified trading platform, planned crypto payments in retail, an expansion towards Nasdaq. But a closer look reveals a company with shaky finances, a strategy that has changed several times and a questionable exit perspective, a case study in […]
Balance Programme Reloaded: old promises, but who still believes them?
As the crisis surrounding Lyconet and myWorld continues to escalate, those in charge are visibly trying to keep the business alive. The latest Zoom call provided a prime example of the familiar mechanisms: motivation, big promises and repeated calls for action. Hubert Freidl, who has increasingly taken over the presentation of the Balance programme himself […]
Ponz schemes: prohibited but often not punishable – a legal paradox
Ponz schemes are infamous: they promise high profits but are ultimately based on new deposits from participants until the system collapses and the majority lose their money. However, while they are prohibited by law in many countries, they sometimes go unpunished. How can that be? Prohibited, but only under civil law The German Unfair Competition […]
Lyconet/myWorld: Another conviction as a pyramid scheme – OGH confirms questionable practices
In its judgment of 22 January 2025 (3 Ob 189/24a), the Austrian Supreme Court (OGH) in Vienna once again dealt with the Lyconet/myWorld business model – and once again the alarm bells are ringing. In a current case regarding the reclaim of marketer funds, the court ruled that the company is a prohibited pyramid scheme. […]
Blocktrade & BioNexus: The Illusion of a Rescue?
While Blocktrade announces ambitious plans for an IPO, the focus is increasingly on BioNexus Gene Lab Corporation, a struggling company that is itself fighting for survival. Sam Tan is not only presented as a director of Blocktrade, but is also CEO of BioNexus, a company already listed on NASDAQ. It is also rumoured that BlockTrade […]