For years, myWorld has been promoting the alleged imminent IPO – a plan that increasingly appears to be a failed marketing tool. The latest developments highlight the company’s deep structural problems, which not only question its credibility but also raise the question of whether an IPO was ever seriously planned. Although myWorld is propagating a […]
The digital business world, and the crypto business in particular, is full of dazzling promises and supposedly groundbreaking technologies that we at BEKM regularly report on. The Safir/Zeniq/Xera.pro/Xpro construct is a good example of this: The alleged high-tech super product may seem like a fantastic investment opportunity at first glance, but the truth, as so […]
An Austrian court has granted several claims in a legal dispute between a bank customer and Wise Europe SA/NV. The plaintiff demanded that WISE provide information on all transactions on his bank account, the transfer of the resulting account balance and comprehensive information in accordance with Art. 15 GDPR, including information on the transfer of […]
EliteClub transferred up to €500,000 a day to an account held by the now-closed EURAM Bank. The European American Investment Bank AG (Euram Bank) was closed by the Austrian Financial Market Authority (FMA) in October 2024. The main reasons for this measure were serious deficiencies in money laundering prevention and significant financial problems. All accounts […]
The future of Lyconet and myWorld is under an unlucky star. The ambitious announcements made by the company for 2025 are met with skepticism and criticism. An analysis shows: the prospects are anything but promising. Questionable trading platform and almost worthless shares In January 2025, the first payouts for the Mediaboxes are to be made […]
Investors dupe and fob off, briefly disappear from the scene and then reappear under a new name and with supposedly unprecedented innovation: a pattern that can be found in many pyramid schemes: A good example of such a tactic is Xera.Pro/Xpro. Still being touted as ‘brand new’ at the beginning of the year, this business […]
It is a widespread human behaviour: we often follow the lead of others because we assume that the majority cannot be wrong. However, it is precisely this phenomenon that is deliberately exploited in cases of MLM (multi-level marketing) fraud. Many victims report that they allowed themselves to be infected by the euphoria of others. The […]
Why Blocktrade and its partners are having trouble getting established! The latest AMA (Ask Me Anything) from Sam Tan, the new beacon of hope at the helm of Blocktrade and eSync, should shed some light on the situation. Tan tried to present a vision for the future and regain the trust of investors. But despite […]
People believe that bad things happen less to them than to others. They are therefore too optimistic – even when there is actually no good reason for it. In the case of fraudulent MLM schemes, it works like this: A trusting investor thinks: ‘The cases of fraud I hear about may happen to others, but […]
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