Freidl’s 40-meter yacht is named “MAGIC”, his private fortune of $500 million is magical too, which should have every member/marketer and pseudo-shareholder at myWorld fuming. With a private fortune of USD 500 million, it should be easy for Freidl to pay the injured parties from his scheme and refund the CHF 30 million to Lyoness […]
Lyoness veteran Marko Sedovnik was banned from acting as a director and officer of a company for two years from 8 March 2024 by a court order issued by the Commercial Court of Cardiff on 16 February 2024. The reason given for this decision was his “activities and behaviour as a director at myWorld” and, according to […]
As previously reported by BEKM, Lyoness Europe, based in Switzerland, has been in bankruptcy since the end of 2023. The independent commissioned audit report identified links between a large number of companies. Hubert Freidl’s company structure was presumably deliberately designed to be as complicated as possible, and most of the 50ish companies were used to […]
After the IPO was announced, carried out, revised, relativized and finally supposedly never took place in the sense that it was supposed to, something is about to happen again: An IPO, you guessed it. Without ever having responded to any demand from marketers or investors, myWorld International AG is acting in its usual manner as […]
Once again, the GTCs of Hubert Freidl’s company have been declared null and void. The Lyoness T&Cs with 61 defective clauses were already ruled inadmissible in 2015. At the time, the company argued that these were old T&Cs and that the new T&Cs had been corrected and were unproblematic. However, this is not the case; […]
Alone in Austria, there’s a damage of 50 million euros, while globally several billion have been collected through Ponzi schemes. Hubert Freidl did an excellent job with his pyramid schemes, but did the justice system allow it? And if so, for what reason? The damage for Austrian customers alone, according to legal calculations, is currently […]
Ex-marketer Nicolas Krause: “There will never be an IPO”! The former Vice President team member of Hubert Freidl’s Lyconet/myWorld, released his marketers into self-employment with a video and distanced himself from Lyconet for months, after the event in Gelsenkirchen. Surprisingly, he commented in the Swiss business journal BEOBACHTER. Lyoness Einkaufsgemeinschaft konkurs – 100 Millionen Franken […]
Recent findings regarding preference shares distributed through the ‘initial public offering’ shed light on potential irregularities in money movements and business practices associated with Hubert Freidl’s company. From dubious account activities to contentious self-payments, this influx of information raises significant questions about the use of investor funds. MyWorld: Renewed Legal Concessions: ‘Preference shares now received! […]
The real difference between cloud and share holders, with bankruptcy and going public: consolidation at the expense of members might be the magic word here! Or, how do you turn short-term into long-term liabilities as quickly as possible. It is emphasised in the press release from Lyoness that it only affects Lyoness Europe AG and […]
Marketers were quite surprised when Richard Meixner, CEO of Lyoness Italia, announced the bankruptcy of Lyoness Europe AG and Lyoness International AG through a press release on October 24th, 2023. Apparently, various top leaders were also surprised or reacted highly nervously and irrationally. It is also known that Lyoness has been facing financial difficulties since […]
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