Hubert Freidl’s bad news at the beginning of the year about the precarious financial situation of Lyconet is still fresh in the minds of many marketers. Fear for the invested capital is growing, especially among those who once entered the system full of hope. But while many are still worried about their losses, critical voices […]
Marketers promise the internal trading platform for the already disadvantaged B shares with restricted transferability an easy and closed solution for buying and selling their shares. But a closer look at the figures reveals serious weaknesses that significantly affect not only liquidity but also pricing and the fairness of trading. One central weakness is the […]
It’s a drama in several acts that has been playing out for years – and is now heading for rock bottom. The latest developments around Lyconet and myWorld reveal a shocking picture of a system that many have already exposed as a typical pyramid scheme. While those responsible around Hubert Freidl continue to hide behind […]
Those who have been harmed by an MLM system are often stunned, disappointed and angry when they realise that the promises made by the company have not been kept. The suspicion of having become a victim of a so-called SCAM is confirmed. The advice often heard in the community is not even to try to […]
A personal commentary by Ben Ecker, CEO of BE Conflict Management Inc. The top leaders of Lyconet/myWorld can no longer ignore the serious problems facing the company. But instead of presenting viable solutions, one thing in particular is becoming clear: a desperate attempt to keep up appearances and maintain the propagated ‘business as usual’ at […]
The trading platform for the myWorld Share is being touted as an innovative solution for share trading. However, a thorough analysis of the terms and conditions reveals significant restrictions and risks to which potential investors are exposed. While the advantages for shareholders are negligible, the regulations appear to be clearly designed in favour of the […]
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 […]
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