Lyoness, Lyconet, MyWorld

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.

Italian media with articles about Hubert Freidl’s pyramid scheme on TikTok & haben sich umfassenden Artikel und Beiträgen mit den Unternehmen von Hubert Freidl beschäftigt. hat alleine auf Facebook eine Reichweite von 8,5 Millionen Follower. Lassen wir die Artikel selbst für sich sprechen: h Original article: “Dicevano che sarei diventato ricco senza sforzi, invece ho perso tutti i soldi”: finisce sotto inchiesta Lyoness, […]

Hubert Freidl and his $500 million private fortune!   

Freidl’s 40-meter yacht is named “MAGIC”, his private fortune of $500 million is magical too, which should have every member/marketer and pseudo-shareholder at myWorld fuming.   With a private fortune of USD 500 million, it should be easy for Freidl to pay the injured parties from his scheme and refund the CHF 30 million to Lyoness […]

Marko Sedovnik stripped of his directorship and banned for two years by court order of the Commercial Court of Cardiff 

Lyoness veteran Marko Sedovnik was banned from acting as a director and officer of a company for two years from 8 March 2024 by a court order issued by the Commercial Court of Cardiff on 16 February 2024. The reason given for this decision was his “activities and behaviour as a director at myWorld” and, according to […]

Freidl’s corporate networks and the flow of funds?!  

As previously reported by BEKM, Lyoness Europe, based in Switzerland, has been in bankruptcy since the end of 2023. The independent commissioned audit report identified links between a large number of companies. Hubert Freidl’s company structure was presumably deliberately designed to be as complicated as possible, and most of the 50ish companies were used to […]

There’s no end to the IPO fantasies! Annual General Meeting on January 18th, 2024, at 6 p.m. at the Helmut List Hall in Graz.  

After the IPO was announced, carried out, revised, relativized and finally supposedly never took place in the sense that it was supposed to, something is about to happen again: An IPO, you guessed it. Without ever having responded to any demand from marketers or investors, myWorld International AG is acting in its usual manner as […]

Vienna Supreme Court confirms VKI ruling from November 23rd, 2023 / 47 clauses of the Lyconet T&Cs unlawful! Good news for cloud owners!  

Once again, the GTCs of Hubert Freidl’s company have been declared null and void. The Lyoness T&Cs with 61 defective clauses were already ruled inadmissible in 2015. At the time, the company argued that these were old T&Cs and that the new T&Cs had been corrected and were unproblematic. However, this is not the case; […]

Austria has its own WIRECARD scandal! Lyoness bankruptcy concerns Austrian politics! 

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 […]