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.

“Your hopes, losses and promises? It’s your own fault – Freidl’s bizarre defence before the public prosecutor

‘With his supplementary statement, Hubert Freidl has achieved something that must seem like pure mockery to many of those affected: he has simply turned the tables. Investments have become discount vouchers, promises of passive income have become alleged misunderstandings, and thousands of people affected have suddenly become people who simply had “false expectations”,’ says our […]

Between illusion and liquidation – What the KSV statement on myWorld International AG really means for investors

The latest statement from the Kreditschutzverband (KSV) on the insolvency of myWorld International AG initially sounds like a sober assessment of the situation. KSV1870 is an independent creditor protection association with a legally established, state-recognised status in Austrian commercial and insolvency law. But for marketers and customers, the crucial question is: What use is this […]

‘Mail from the insolvency administrator? – Why many myWorld marketers are facing claims for repayment’

With the decision of the Graz Regional Court for Civil Matters on 13 August 2025, the closure of myWorld International AG has been finally sealed. But for many former marketers and agents, the proceedings could now become really unpleasant: according to information from creditor circles, the insolvency administrators are also examining whether commissions paid out […]

Between fairy tales and millions – why marketers should not trust the promises of Cashback Universe

Commentary by B. Ecker, CEO BE Conflict Management A new call, old patterns: Max Galler promises quotas and transitions that lack any factual basis. Instead of transparency, there is blame shifting. Before millions flow again, Freidl & Co. must first be held accountable. Max Galler must also be held to his statements, especially since it […]

‘Cashback Universe’ after myWorld bankruptcy – between Phoenix promises and creditor risk

On 14 August 2025, Max Galler addressed the unsettled marketers of ‘Cashback Universe’ in a community call. Officially, the meeting was intended to provide guidance following the bankruptcy of myWorld International AG. However, analysis of the statements reveals that Instead of transparency, blame, exaggerated promises and dangerous signals for those who have already lost money […]

Rescue or rebranding? – CEO blames predecessor for legacy issues and pins hopes on CoinMetro, but…

Who will pay in the end? From an investor’s perspective, key questions remain unanswered after the AMA! In the AMA on 31 July 2025, Blocktrade CEO Sam explained the company’s situation. In addition to strategic plans and possible partnerships, he emphasised a clear distinction from former executives. The presentation gives the impression of an increased […]

Cashback Universe – ‘Phoenix Company’ instead of creditor protection?

A ‘Phoenix Company’ model (also known as Phoenixing) refers to a procedure whereby a company continues its business activities under a new legal entity after insolvency or liquidation, often with the same people, the same infrastructure and the same customers, but without the old debts. The name is derived from the mythological phoenix, which is […]