These companies were founded by Hubert Freidl. In many countries, Lyoness/Lyconet is already illegal and in some countries even banned as a pyramid scheme. Members are recruited with the idea of cashback, fed into the pyramid scheme and currently encouraged by myWorld’s IPO fantasies to exchange investments they have already made for worthless fake shares.
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Lyoness/Lyconet insolvencies: The international search for the former top marketers
International insolvency proceedings are ongoing – contact sought with former sales executives Insolvency proceedings have been initiated for the Lyoness, Lyconet, and myWorld groups of companies. However, the real investigation is only now gaining momentum as the data is analyzed and the extent of the financial damage becomes clearer. While insolvency administrators secure assets, analyze […]
Lyconet/ myWorld : Insolvency administrators continue to search for top marketers
Insolvency administrators are searching for former top Lyconet marketers, international companies, and deliverable addresses. A recent letter concerning the insolvency proceedings, which is available to the editorial staff, shows that the investigation into the structures surrounding Lyoness, Lyconet, and myWorld has by no means stalled. The insolvency administrators are continuing their research into former top […]
BECM Insights – Why We Choose a Different Approach
A personal statement from Ben Ecker, CEO of BE Conflict Management As CEO of BE Conflict Management, I am often asked why we operate differently from a traditional law firm or a conventional collection agency. The answer is straightforward: our work, our responsibilities, and the international environment in which we operate are fundamentally different from […]
$24.000 out of $1.000 – TAGMarkets Call: More Marketing Than Math?
Nico Krause recently presented new figures for Sonic AI and the “Amplified Accounts” in a new TAGMarkets call—yet behind the spectacular slides, critical questions remain unanswered. While former top sales representatives from the networks of Lyoness, Lyconet, myWorld, and eCredits continue to heavily promote TAGMarkets, the next chapter of this success story was unveiled in […]
TLN instead of cashback – New technology, old problems
A cashback portal is evolving into a blockchain ecosystem. Shopping benefits are becoming liquidity pools, cashback is becoming tokens. The terms are new, but the crucial question remains the same: Who ultimately bears the economic responsibility? The TLN protocol documentation goes on for pages explaining what the project supposedly is not: not a bank, not […]
Cashback , Bitcoin and MiCA – WEXO’s European relaunch does not resolve the open questions.
The platform presents itself as a rewards app. However, wallets, crypto features, and unresolved regulatory issues have not disappeared. From Dubai to Bratislava. The crypto project has become a cashback app. At least at first glance. However, anyone reading the current WEXO documents will still encounter Bitcoin, wallets, blockchain transactions, and crypto-related functions. This raises […]
Banks: Neutral in MLM structures, merciless towards victims – a system of turning a blind eye and arbitrariness
How credit institutions simultaneously facilitate a scam and dispossess innocent people “Which is a greater crime, robbing a bank or founding one?”Brecht’s famous question seems less provocative today than sobering. Because what is increasingly becoming apparent in the European banking sector is no longer an isolated incident, but a structural failure. Banks are acting unlawfully […]