Dream factory Lyoness/Lyconet! Passive income was never held out?! Another lie from Hubert Freidl, here is the proof!
Lyconet advertised a “passive income” and the “safest business in the world”, but Freidl claims and states that this was not communicated in the documents.
Excerpts from Hubert Freidl’s statement at the end of the article!
The lure of “passive income” was and is a common tool used by Lyconet companies to procure new members into the scheme. The main reason why people invest money in these companies is the prospect of passive income.
Freidl’s law firm Brandl Talos vehemently denies this and relativizes statements made by Lyconet’s top leaders and Freidl himself.
Our research and our contact with injured parties has once again confirmed that this is exactly what is being held out again and again, whether by means of presentations at online events or telephone calls. You are repeatedly told that it is the safest business in the world and that anyone who cannot build up a network can be compensated by a monthly payment (e.g. Easy-Shop) and that passive income remains unaffected.
You’re led to believe that it’s easy, doesn’t involve much effort and the money will flow into your bank account. Unfortunately, it’s too good to be true, but by then it’s usually too late and the dream turns into a nightmare.
All of this is in complete contradiction to what Freidl claims in his statement. According to Freidl, even after a serious look at the compensation plan, it is clear that no passive income could be generated, nor can any significant remuneration be expected without building up a network of new paying members in the system. It could hardly be more contradictory! It is only possible to be successful with the appropriate commitment and diligence, which is generally no secret and is generally valid in sales. This is Freidl’s assessment of the passive income opportunity offered.
Furthermore, Freidl claims that the compensation plan never mentions the generation of passive income. However, this is exactly what is sometimes even conveyed verbatim in various presentations for recruiting new marketers. Even if the exact wording “passive income” is not mentioned within an event or presentation, manipulation techniques are the order of the day in order to convey exactly that to the interested parties and create an inducement.
The impression is created that one can expect regular additional ongoing income, sometimes in horrendous sums.
This presentation is not only idealized, but highly dubious and made up out of thin air. People’s trust is being maliciously abused.
Quotes from Freidl’s statement:
For a marketer who has taken a serious look at the compensation plan and is considering working here independently, it is therefore easy to recognize (and even stipulated in the contract) that financially interesting remuneration cannot be achieved on its own, but only by building up a high-revenue network of attributed shoppers. However, this is also quite common with sales-orientated networks. Page 16 (i)
In order to avoid any misunderstandings, the compensation plan was subsequently amended to explicitly state that a marketer must have acquired at least five active customers in order to receive remuneration.
These must have generated at least a small amount of shopping turnover.
In official communication, every effort is therefore being made to combat the misconception that discount vouchers can be used as an “investment opportunity” to generate a “passive income” without active marketing activities. Page 20 (j)
The purchasers were never promised a risk-free investment and, according to these e-mails, the LEDVs were not designed as a capital investment. Page 23 (f)
In its judgement of 2 January 2023 on 6 Cg 68/22p, the Regional Court of Kor-neuburg stated that the plaintiff’s understanding, which was at least essentially correct, was that he wanted to use the CashBack card to save money on purchases, recruit members for the shopping community and profit from their purchases as a percentage.
He had only additionally acquired discount vouchers, which were intended to help him achieve the highest possible “passive income” without recruiting members.
a) The WKStA has also asked me to comment on the findings of numerous courts that the “investment in a cloud” was presented in such a way that the marketers would receive “the capital invested” back after a certain period of time and would also receive monthly payouts.
Due to the number of different judgements, it is not expedient in my view to go into each of them in detail. Page 43 (k, 3a)
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