While the insolvency proceedings of the Austrian VOO companies continue, those responsible continue to conjure up new visions for the future on their Telegram channels. Under the slogans NOMO Ecosystem, Vision.One Cooperative and Copper Project, the community is to be motivated and further bound to the network. But do the promises stand up to reality? […]
While key companies in the myWorld/Lyconet network are now subject to insolvency proceedings, attention is increasingly turning to the infrastructure and asset structures that enabled operations to continue for years. The property at Grazbachgasse in Graz (previously Kärntnerstraße 9), often referred to internally as the group headquarters or ‘Lyoness House’, plays a special role in […]
In a ruling by the Lisbon Commercial Court (Ref.: 22852/25.1T8LSB) on 28 September 2025, Myw Portugal, Unipessoal, Lda., a national subsidiary of the international myWorld Group, was officially declared insolvent. For Portuguese victims, the crucial question now is: Does it make sense to file individual claims in the insolvency proceedings, or should claims be bundled […]
It sounds like the plot of an economic crime thriller, but it is bitter reality: An exclusive circle of Lyconet top marketers is said to have received millions in commissions via a payment structure with secret ‘888 membership numbers’, anonymised, tax-optimised and outside the official accounting systems. At the centre: an inconspicuous tax office in […]
Patronage, cash drain, sister loans – Lyconet management in the sights of insolvency administrators What was long presented as a ‘restructuring’ of the myWorld/Lyconet structure may, according to internal documents, have been a system of internal self-financing. Documents from spring and summer 2025, which are available to our editorial team, show that payments were not […]
The cryptocurrency platform Blocktrade is publicly talking about growth, expansion and a possible IPO. But the sobering register data paints a completely different picture: outstanding tax debts of €280,287.72 in Estonia, two unfiled annual financial statements and a risky relocation to Slovenia. Can a company that positions itself in this way really go public in […]
Lyconet/myWorld President 8.3 Mario Oreggia on the sale of Blocktrade, what he didn’t mention in his online calls, and why the information we researched paints a completely different picture. Our enquiries on this matter have so far remained unanswered. Mario Oreggia was a long-standing top leader (‘President’) in the Lyconet network, with direct access to […]
Was Sam Tan being honest in his calls? The crypto platform Blocktrade S.A. long presented itself as a regulated, reputable provider with a European profile and big ambitions for the future. An IPO, allegedly even on the Nasdaq, was promised, and communications emphasised stability and growth. However, recent developments paint a different picture and give […]
Comment by Ben Ecker Blocktrade advertises with the future, but the present looks bleak. With the resolution to dissolve the company on 22 November 2024, this public limited company is in liquidation. This is the start of a series of articles about events that every Blocktrade user should be aware of. The owner is in […]
Many people affected by MLM and pyramid schemes are familiar with the same pattern: First, there is great disappointment when the supposedly safe investment turns out to be a pipe dream. There is complaining, and the anger over lost money is palpable. But as soon as it comes to demanding accountability or presenting evidence, many […]
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