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.

Christmas and New Year 2024/2025

Because everyone is doing it – the bandwagon effect

It is a widespread human behaviour: we often follow the lead of others because we assume that the majority cannot be wrong. However, it is precisely this phenomenon that is deliberately exploited in cases of MLM (multi-level marketing) fraud. Many victims report that they allowed themselves to be infected by the euphoria of others. The […]

New pilot, defective aircraft – Blocktrade with eSync!

Why Blocktrade and its partners are having trouble getting established! The latest AMA (Ask Me Anything) from Sam Tan, the new beacon of hope at the helm of Blocktrade and eSync, should shed some light on the situation. Tan tried to present a vision for the future and regain the trust of investors. But despite […]

Why we believe that bad things only happen to others: the optimism bias

People believe that bad things happen less to them than to others. They are therefore too optimistic – even when there is actually no good reason for it. In the case of fraudulent MLM schemes, it works like this: A trusting investor thinks: ‘The cases of fraud I hear about may happen to others, but […]

Blocktrade: Visions, promises and reality!

The announcement of a new era at Blocktrade has attracted a lot of attention in recent weeks. Under the banner ‘EPIC Blocktrade’, the platform is to be comprehensively transformed. With a broader range of services, including a gaming centre and investment diversification, a global marketplace for tokenised assets is to be created. In addition, the […]

Blocktrade: Sam Tan – a beacon of hope or just a means to an end?

Blocktrade continues to fall short of its own promises. Neither the introduction of eCredits nor the BTEX token have achieved the hoped-for success. Instead, both prices are in a sustained decline, and a long-announced IPO has not yet taken place. The shares, which were advertised as highly promising, also offer no prospect of monetisation. Customer […]

Confirmation bias: why we always want to be right – the confirmation bias

As the second Sunday of Advent approaches, we would like to shed some light on a topic that encourages people to critically question their own behaviour. If you have invested in systems such as Lyoness, Lyconet, myWorld, HyperVerse, GSPartner, Karatbars, Safir, Zeniq, Xera, XeraPro or XPro, the following Advent posts may encourage you to reflect […]