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 […]
Many of the Lyconet marketers waited for almost two days at the “Sensation” in Gelsenkirchen on July 7th & 8th, 2023 for the big IPO. Finally, Hubert Freidl announced within 3 minutes and 20 seconds “As of now you are all shareholders” which could also mean “I screwed you up yet again!” Since this event, […]
In a pyramid scheme, you get benefits from recruiting other marketers and getting them to spend money in the scheme as well. In the Lyconet September Outlook, Peter Gruber talks about how Lyconet marketers can recieve their so-called benefits and as always, it’s not all that straightforward: In a pyramid scheme, you get benefits from […]
Explanations of our working methods, structured cooperation with partner law firms, and the most important questions from our clients. In recent months, we have received a few general questions about our procedures and activities. As an internationally active company, it is essential for us to present our work as transparently as possible. Therefore, we answer […]
Source Images: Riegler & Partner ; BE Conflict Management
The judge Mathilde Beranek from the Commercial Court in Vienna, Legal Department 58.1 Vienna, convicted Lyoness as a snowball system and declared the company’s General T&Cs to be null and void (Case No. 581 Cg 44/16y-11). The Austrian Supreme Court’s verdict of 18 May 2017 was already reconsidered during the first proceedings. Among other decisions, […]
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