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.
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 […]
Lyconet has announced: There will be no IPO as previously stated!
Ex-marketer Nicolas Krause: “There will never be an IPO”! The former Vice President team member of Hubert Freidl’s Lyconet/myWorld, released his marketers into self-employment with a video and distanced himself from Lyconet for months, after the event in Gelsenkirchen. Surprisingly, he commented in the Swiss business journal BEOBACHTER. Lyoness Einkaufsgemeinschaft konkurs – 100 Millionen Franken […]
MyWorld – Are Preference Shares Worthless and Meaningless?
Recent findings regarding preference shares distributed through the ‘initial public offering’ shed light on potential irregularities in money movements and business practices associated with Hubert Freidl’s company. From dubious account activities to contentious self-payments, this influx of information raises significant questions about the use of investor funds. MyWorld: Renewed Legal Concessions: ‘Preference shares now received! […]
Lyoness bankruptcy – What’s behind it (Part 2)
The real difference between cloud and share holders, with bankruptcy and going public: consolidation at the expense of members might be the magic word here! Or, how do you turn short-term into long-term liabilities as quickly as possible. It is emphasised in the press release from Lyoness that it only affects Lyoness Europe AG and […]
“Lyoness Europe AG & Lyoness International AG in Bankruptcy – What’s Behind It?! (PART 1)
Marketers were quite surprised when Richard Meixner, CEO of Lyoness Italia, announced the bankruptcy of Lyoness Europe AG and Lyoness International AG through a press release on October 24th, 2023. Apparently, various top leaders were also surprised or reacted highly nervously and irrationally. It is also known that Lyoness has been facing financial difficulties since […]