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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Blocktrade & BioNexus: The Illusion of a Rescue?
While Blocktrade announces ambitious plans for an IPO, the focus is increasingly on BioNexus Gene Lab Corporation, a struggling company that is itself fighting for survival. Sam Tan is not only presented as a director of Blocktrade, but is also CEO of BioNexus, a company already listed on NASDAQ. It is also rumoured that BlockTrade […]
Crisis ignored, show staged: old patterns instead of new solutions
Crisis management or act of desperation? Hubert Freidl, founder of Lyconet and myWorld, is back in the spotlight – a remarkable development. Internal sources report that he was actually supposed to withdraw from operational areas. But now he is personally holding Zoom calls as if nothing had happened. This sudden return raises questions, because Freidl […]
Current Blocktrade update – basic knowledge about a dubious network of FinTech, speculation and lack of transparency
‘Dear Block Trade Community…’, this is how the announcement of another Block Trade update begins. But before the community turns its attention to the latest developments, some basic information about eCredits and Block Trade should be considered. The crypto world is a field of tension between innovation, risk and a lack of transparency. Two companies […]
Taking tax risks seriously: Why marketers need to be careful
We have looked into the tax implications of participating in an MLM company and obtained expert assessments from international lawyers. One thing is certain: if the relevant tax office classifies an economic activity as a hobby, this often has serious consequences. Anyone who thinks this is just a formality or only affects hobby entrepreneurs is […]
Lyconet: Why Upline is still liable!
Hubert Freidl’s bad news at the beginning of the year about the precarious financial situation of Lyconet is still fresh in the minds of many marketers. Fear for the invested capital is growing, especially among those who once entered the system full of hope. But while many are still worried about their losses, critical voices […]
Deceived, deceived, failed: When hope obscures one’s own failure
A recent message in Telegram groups to Lyconet marketers makes it clear how desperately the company and the marketers who make a living from it are trying to keep their downline in line. In the face of growing doubt and increased cancellations within the structure, the message aims to persuade marketers to stay and keep […]
MyWorld shares at rock bottom: trading platform a joke!
Marketers promise the internal trading platform for the already disadvantaged B shares with restricted transferability an easy and closed solution for buying and selling their shares. But a closer look at the figures reveals serious weaknesses that significantly affect not only liquidity but also pricing and the fairness of trading. One central weakness is the […]