Directors’ liability becomes concrete: South Africa could be the last financial anchor of the myWorld Group The insolvency surrounding the myWorld /Lyconet group is reaching a new level. The current report on the audit hearing of May 5, 2026, no longer reads like the mere winding-up of a failed cashback and referral marketing scheme. Rather, […]
At first glance, the content presented in a recent TAGMarkets update—specifically the expanded ecosystem comprising the broker, Sonic AI, and sales operations—reads like the blueprint for a rapidly growing FinTech company: higher CPA commission tiers, new broker licenses, alleged Lloyd’s insurance coverage of up to one million US dollars per account, and strategic liquidity […]
Brilliant narrative – uncomfortable reality While a new success story is being publicly touted, thousands of former participants are still struggling with the consequences of the collapse. A gap exists between the PR spectacle and the reality of insolvency, a gap that cannot be bridged with feel-good narratives. The system’s past is neither closed nor […]
It is not the insolvency that decides – but your actions now: Because whether existing claims are actually enforced does not depend on the proceedings, but on whether they are pursued in a timely and structured manner. In light of the current developments surrounding the insolvency proceedings of Lyoness, Lyconet, and myWorld, a key problem […]
We are currently receiving numerous inquiries regarding the insolvency of the myWorld /Lyconet structures. Many affected individuals expect that lost funds will now be actively tracked down and recovered. However, this assumption fundamentally misunderstands the actual role of the insolvency administrator: they are neither an investigator nor a recovery specialist , and certainly not a […]
Complex systems, slow justice? When international MLM or crypto investment schemes collapse, many victims ask the same question: Why doesn’t the state intervene sooner? Why do house searches, arrests, or charges often only occur years after the first warning signs? The answer lies less in a lack of interest on the part of the authorities […]
We would like to explain an issue that is particularly evident in the context of the current insolvency cases and which, in the opinion of our legal advisers, is of crucial importance: the limitation period and the point at which it begins to run. Watch the video for more details: A notice: This information is […]
And why waiting is rarely a strategic solution for victims. Civil proceedings against internationally organized MLM and crypto networks are among the most complex and protracted disputes in commercial law, their duration significantly influenced by cross-border structures, difficult jurisdictional issues, and complex evidentiary processes. At the same time, experience shows that even with valid claims, […]
According to the information available to us, numerous affected individuals report that they have had no access to data stored with myWorld , Lyconet , or affiliated companies since August 2025. In many cases, important documents, back-office content, contract data, communication histories, or other personal information could no longer be backed up before access was […]
In the international Lyoness/ myWorld network, North Macedonian promoter Zoran Vitanov has become the latest player in the sales apparatus to face criminal charges. According to media reports, a criminal complaint has been filed in Skopje, alleging damages to thousands of participants and total losses in the hundreds of millions of euros. The case fits […]
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