The insolvency of myWorld International AG was explained in the official statements as being due, among other things, to a ‘decline in purchasing behaviour during the coronavirus pandemic.’ Before the public prosecutor’s office, the defence also pointed to an alleged lack of understanding on the part of the company’s own marketers. For many sales partners, […]
‘With his supplementary statement, Hubert Freidl has achieved something that must seem like pure mockery to many of those affected: he has simply turned the tables. Investments have become discount vouchers, promises of passive income have become alleged misunderstandings, and thousands of people affected have suddenly become people who simply had “false expectations”,’ says our […]
There is little evidence of independence: commercial registers and timelines reveal contradictions between official statements and corporate reality. VOO AG recently published an official statement to distance itself from the insolvencies of the Austrian companies VOO flights GmbH and VOO Aviation Service GmbH. According to its own statement, the Swiss company VOO AG, represented by […]
The latest statement from the Kreditschutzverband (KSV) on the insolvency of myWorld International AG initially sounds like a sober assessment of the situation. KSV1870 is an independent creditor protection association with a legally established, state-recognised status in Austrian commercial and insolvency law. But for marketers and customers, the crucial question is: What use is this […]
With the decision of the Graz Regional Court for Civil Matters on 13 August 2025, the closure of myWorld International AG has been finally sealed. But for many former marketers and agents, the proceedings could now become really unpleasant: according to information from creditor circles, the insolvency administrators are also examining whether commissions paid out […]
Commentary by B. Ecker, CEO BE Conflict Management A new call, old patterns: Max Galler promises quotas and transitions that lack any factual basis. Instead of transparency, there is blame shifting. Before millions flow again, Freidl & Co. must first be held accountable. Max Galler must also be held to his statements, especially since it […]
On 14 August 2025, Max Galler addressed the unsettled marketers of ‘Cashback Universe’ in a community call. Officially, the meeting was intended to provide guidance following the bankruptcy of myWorld International AG. However, analysis of the statements reveals that Instead of transparency, blame, exaggerated promises and dangerous signals for those who have already lost money […]
Who will pay in the end? From an investor’s perspective, key questions remain unanswered after the AMA! In the AMA on 31 July 2025, Blocktrade CEO Sam explained the company’s situation. In addition to strategic plans and possible partnerships, he emphasised a clear distinction from former executives. The presentation gives the impression of an increased […]
A ‘Phoenix Company’ model (also known as Phoenixing) refers to a procedure whereby a company continues its business activities under a new legal entity after insolvency or liquidation, often with the same people, the same infrastructure and the same customers, but without the old debts. The name is derived from the mythological phoenix, which is […]
Austin / 1 August 2025 – According to a decision dated 31 July 2025, the Texas State Securities Board (TSSB) has lifted its emergency order against the Apertum Foundation and the individuals named in connection with it, namely Josip Heit, Dirc Zahlmann, Bruce Innes Wylde Hughes and Dennis Loos. It is noteworthy that the decision […]
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