Commission flows, trust structures, token transactions – and it continues in the background.

The publicly touted fresh start surrounding Lyconet with Cashback Universe loses its credibility upon closer inspection. Behind recovery narratives and formal changes in management, evidence is mounting of continued commission flows and personnel influence. The focus is on the EliteClub and token and eCredit models , which were positioned as a new value proposition alongside traditional sales. Simultaneously, EYEON GmbH is coming into focus, its shareholder structure and financial flows remaining insufficiently transparent. Companies from third countries, including Peak Consulting doo . from Croatia and EVRY VISION SOFTWARE TECHNOLOGIES LLCSPC from Abu Dhabi, appear in connection with these transactions, through which, according to available information, distributions or license payments have been channeled. Also noteworthy is the concentration of personnel around Patrick Wallner , who consolidated functions and delivery roles in several key companies. Against this backdrop, the formal withdrawal of central players appears less like a break than an organizational reorganization.

The formal withdrawal – and the factual trace

of Lyconet Austria GmbH until July 19, 2022. Afterwards, the public impression was given that Kapun had withdrawn from operational responsibility. Internally, however, there are indications of continued financial involvement, particularly through the Maltese company ViewCon360 Ltd, based in Valletta.

There is strong evidence to suggest that commissions were received not only directly, but also through this company. The shares in ViewCon360 Ltd are, in turn, held in trust by the law firm Lexpractis Ltd , a structure that, according to legal observers, likely serves to conceal the beneficial ownership.

ViewCon360-Ltd.-Gesellschaftervertrag Herunterladen

Change of management with a bitter aftertaste

Although the management was formally handed over to Peter Gruber, according to available information Kapun continued to participate in commission flows, presumably with the knowledge and consent of the new management, as corresponding financial flows had to be regularly approved.

Furthermore, the ongoing evaluation of the files is increasingly revealing other actors who previously operated in the background.

Deliveries, functions, interfaces: The role of Patrick Wallner

Another key figure is Patrick Wallner, who held or currently holds leading positions in several companies relevant to Lyconet :

Managing Director of Kaptrading GmbH (FN 362492b), in which Kapun is a shareholder,
Managing Director of Lyconet mSP GmbH (formerly Lyconet Promotion GmbH), which holds 18.08% of myWorld International AG,
General Manager of Lyconet Austria GmbH,
Managing Director of EYEON GmbH.

According to information from sources close to Kapun, who has deregistered from Austria, deliveries were handled via Wallner. This concentration of personnel suggests that Wallner acted as an administrative and operational link.

EYEON GmbH: Shareholders, cash flows and open questions

Until March 28, 2025, Jürgen Anderle was Managing Director of EYEON GmbH. As a long-time accountant from the Lyconet environment, a key question arises, particularly in light of the documents now to be evaluated:

To what extent have funds flowed from EYEON GmbH to its shareholders – and on what basis?

The following are named as shareholders:

Peak Consulting doo ( Croatia ),
EVRY VISION SOFTWARE TECHNOLOGIES LLCSPC (Abu Dhabi).

Particular attention should be paid to dividends, loans, consulting or license payments, which, depending on the economic situation, could represent a circumvention of creditor interests.

EliteClub , Tokens and eCredits : A second line of investigation

Beyond the classic commission area, another complex comes into focus: token and eCredit models that were advertised in the context of Lyconet and EliteClub memberships.

The following are specifically mentioned:

Blocktrade SA,
cryptix LABS GmbH,
Cryptix Holding AG,
Web3 Investco AG.

According to available information, these companies are related to Mario Oreggia and Anja Frauwallner, the former authorized signatory of myWorld International AG.

Currently, it is particularly important to clarify possible payment flows between companies close to Lyconet and these token providers, for example in the form of kickbacks, commission models or marketing collaborations.

Why these questions are relevant

Should the described structures be confirmed, this would paint a picture of continued economic influence despite formal withdrawal, combined with:

Foreign subsidiaries,
Trust structures,
multiple personnel overlaps,
parallel crypto and token models.

Especially in the context of ongoing insolvencies and outstanding creditor claims, such constellations would be highly relevant from both a legal and regulatory perspective.

Conclusion

These further findings significantly alter the previously known picture.
Whether these are permissible business models or a circumvention of liability, transparency, and creditor interests is a question that is now subject to official assessment.

The authorities are fundamentally motivated to investigate, but the complexity of the Lyconet / myWorld insolvencies is considered considerable. For many involved, the failures of 2014/2015, when the Central Public Prosecutor’s Office for Combating Economic Crimes and Corruption (WKStA) could have prevented the continuation of this Ponzi scheme, are now coming back to haunt them.

The formal discontinuation of the investigation at that time, due in part to serious errors in the indictment, missed deadlines, and the failure to consider commissioned economic reports, continues to have repercussions today. For over two decades, Hubert Freidl, together with his associates and supported by the Graz-based law firm Reif, had the opportunity to build a global, opaque network of companies and bank accounts.

Notice / Legal Information

This article presents a journalistic analysis. It is based on currently available information, documents, and third-party information.
All persons and companies mentioned are presumed innocent until a legally binding decision is reached. Factual assertions and assessments are presented separately.
Those affected have the right to comment or submit a counterstatement at any time (Article 5 of the German Basic Law / Article 10 of the European Convention on Human Rights).

Source:

WKStA / Investigation proceedings

Company Register / Commercial Register Third countries Croatia, UAE, Switzerland

Transmitted internal emails and chat histories