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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Adhesion contracts and panic: Lyconet’s new terms and conditions in the legal crossfire!
A disturbing example shows once again how Lyconet forces its marketers into questionable contractual relationships. The new general terms and conditions (GTC) dated 12 October 2024 were apparently drafted in haste and presumably out of legal necessity – at the expense of those who have trusted the company for years. A recent objection to the new […]
Is the @MediaBox Facing Market Withdrawal? CE Compliance Under Scrutiny by Regulatory Authorities
A current case of insufficient product safety has drawn the attention of the Market Surveillance Authority at the Austrian Federal Office of Metrology and Surveying. The authority is investigating the “@MediaBox,” which was reported to the authorities by a court-appointed and certified expert. According to their initial assessment, the device shows significant deficiencies that fail […]
Internal Trading Platform for MyWorld Shares – A Trading Platform Without a Market?
The recent announcement by MyWorld to establish an internal trading platform for its preferred registered shares raises serious questions about the utility and feasibility of this endeavor. In an email to marketers, the company made it clear that the acquired shares cannot be traded on public markets like NASDAQ, but will only be accessible on […]
myWorld – The Story of a Staged IPO! Reminder to all shareholders!
Here is a filtered overview of the information Lyconet / myWorld has disseminated in connection with its supposed Initial Public Offering (IPO). Despite repeated claims by top leaders such as Markus Käfer and Gerry Seebacher, no IPO has taken place to date—and for good reason: The announcements turned out to be nothing more than empty […]
myWorld’s – Announcement to its “Shareholders”: myWorld International AG is not a publicly listed company!
The much-anticipated IPO will not happen—shares will remain worthless, even though an “internal trading platform” is expected to be introduced in January 2025. The originally grand vision of bringing myWorld International AG to NASDAQ has long been scrapped behind the scenes. Despite numerous seminars and calls promoting the big IPO, it is now clear: such […]
Bankruptcy of Lyoness Europe AG: The unfortunate fate of individual plaintiffs and a frustrated bankruptcy administrator!
The bankruptcy of Switzerland-based Lyoness Europe AG & Lyoness International AG. The administrator tasked with handling the case is truly to be pitied; his nerves are frayed as this task proves to be not only arduous but also presents significant obstacles. Despite intensive efforts, he has only managed to recover around 110,000 Swiss francs, just […]
Dangerous rules: Why active Lyconet marketers should be especially vigilant now!!!
Nothing will change for injured parties who have already submitted a claim and were no longer active, especially since the Austrian Supreme Court of Justice has already declared the previous terms and conditions to be non-transparent and void. In particular, the court clearly rejected the fiction of marketers being considered entrepreneurs, which made it necessary […]