The case of the liquidation of Lyconet South Africa (Pty) Ltd is not only a story of financial mismanagement, but once again reveals the questionable behaviour of Hubert Freidl and Co. Both Freidl and Vitoshevich tried to deny responsibility for the debts incurred here as well. The Lin lawsuit: the precedent that uncovered everything A […]
t On the 21st of June 2024 the final verdict was handed down: Lyconet South Africa (Pty) Ltd is to be liquidated, the verdict confirms the company’s financial insolvency. But the real drama is playing out behind the scenes – the insolvency and closure are the result of an internal conflict, led by former senior […]
Several companies under the Lyconet/myWorld umbrella are now operating on emergency power. There’s a major shake-up at Lyoness, Lyconet, and myWorld! In multiple countries, courts have issued severe rulings and consequences against the companies. Particularly significant: in Norway and South Africa, massive financial irregularities have led to serious consequences. In South Africa, former Lyconet managers […]
Lyoness/Lyconet/myWorld have been the focus of legal disputes in several countries for years. The business model and practices of these companies have been repeatedly criticised. But what is particularly alarming: In situations where legal problems arise, the company leaves its marketers out in the cold. Instead of taking responsibility, the company shifts the burden and […]
Working as a marketer for Lyoness/Lyconet/myWorld can seem like a promising business opportunity at first glance. With promises of high bonuses, passive income and financial independence, many are lured into the network. However, the reality shows a different picture: marketers who work for this company expose themselves to considerable legal and financial risks. In this […]
Extract from Mastercard’s statement: ’………..thank you for your patience in this matter. We can now confirm that the card program mentioned is not authorized and MasterCard is taking appropriate steps………..” The highly publicized Skai2 project is once again just cave painting from the Hubert Freidl´s studio. What has long been suspected has now been officially […]
a Now the former MYWORLD INTERNATIONAL LIMITED! It is apparently part of Hubert Freidl’s plan to rename the companies before a court-ordered liquidation. BENEFIT4ME appears to be the current liquidation name. It’s actually happening again. It was only in May that we reported on the dissolution of MYWORLD ENTERPRISE LIMITED despite existing liabilities. The dissolution […]
What is going to be presented to members at the Lyconet seminar on September 27, 2024 in Budapest as a “bank license” or “Mastercard”? It will be interesting to see what will be told and announced there. As already described in our article of 5 August 2024, SKAI2 allegedly attempted to obtain a financial licence […]
This starts off well. On July 27, a @Media KickOff event was held in Graz where the first Mediaboxes were distributed to Austrian marketers. These devices are to be tested by the end of September, with users sharing their experiences. Why another extensive testing phase is required after the one in Italy remains a mystery. […]
SKAI2PAY or SKAI2 is having licensing issues. To circumvent this problem, another player was created: Mona99 GmbH, based in Vienna. This company, founded by Karlheinz Dobnigg on 13. June 2022, aimed to obtain a licence as a financial service provider, but this goal was never achieved, and it shows a negative balance. Thus, it cannot […]
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