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 […]
The figures are clear: debts of up to EUR 63.9 million, around 4,000 euros in the business account, hardly any realisable assets, and what little remains of value, such as the company’s own property and the ‘myWorld’ brand, is blocked by government liens. The property in the cadastral municipality of Maierhofen (EZ 174, KG 62232) […]
What had been looming for months has now come to pass: Lyconet Austria GmbH, a central sales arm of the myWorld Group, officially filed for insolvency on 6 August 2025. This affects 43 employees and 565 creditors, with liabilities amounting to around 5.7 million euros, mostly consisting of outstanding supplier liabilities. According to the information […]
Where is the money going – and why the price rise is no proof of substance. The crypto project VOW presents itself as a beacon of technological hope: blockchain-based, transparent, decentralised – at least, that is the official self-image. But a look at its actual activity raises doubts. Although, according to the project, numerous customers […]
Former and active marketers from the international Lyconet/myWorld structures are currently being asked to transfer their accounts to a new platform called www.cashback-universe.com. At first glance, the transition appears straightforward: existing structures, career levels and, allegedly, commissions are to be transferred. However, a detailed analysis of the platform’s FAQ raises questions – particularly with regard […]
While it is understandable that Hubert Freidl now has to act to delay the complete disaster for as long as possible, it seems more like an act of desperation. His closing sentence: ‘…to actually expand myWorld into the world’s largest cashback community’ is telling, given that myWorld has been supposed to be the world’s largest […]
Madrid, 1 August 2025 – Spanish police have arrested the alleged mastermind behind Lyoness Spain in Madrid. The allegations are serious: more than 800 people are said to have been defrauded of over five million euros through an opaque bonus and referral programme. According to investigators, the underlying business model has all the characteristics of […]
On 17 June 2025, the 3rd Civil Chamber of the Frankfurt am Main Regional Court rejected an application for a preliminary injunction filed by Apertum Holding Ltd. against the media portal BE CONFLICT MANAGEMENT LIMITED (BEKM.eu). No appeal was lodged against the decision within the two-week deadline, meaning that the decision is now final. The […]
From the outside, it often seems incomprehensible: Why do people stick with projects that obviously don’t benefit them or even harm them? The answer often lies not in a lack of intelligence or information, but in a psychological phenomenon: the sunk cost effect. What is behind this effect? The “sunk cost effect” describes the tendency […]
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