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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Questionable terms and conditions and restrictions: the risks of the myWorld Share platform
The trading platform for the myWorld Share is being touted as an innovative solution for share trading. However, a thorough analysis of the terms and conditions reveals significant restrictions and risks to which potential investors are exposed. While the advantages for shareholders are negligible, the regulations appear to be clearly designed in favour of the […]
No more stock market plans: myWorld has no perspective and no credibility!
For years, myWorld has been promoting the alleged imminent IPO – a plan that increasingly appears to be a failed marketing tool. The latest developments highlight the company’s deep structural problems, which not only question its credibility but also raise the question of whether an IPO was ever seriously planned. Although myWorld is propagating a […]
EliteClub and the insolvent EURAM Bank
EliteClub transferred up to €500,000 a day to an account held by the now-closed EURAM Bank. The European American Investment Bank AG (Euram Bank) was closed by the Austrian Financial Market Authority (FMA) in October 2024. The main reasons for this measure were serious deficiencies in money laundering prevention and significant financial problems. All accounts […]
Forecast: Lyconet and myWorld still on an uncertain course in 2025!
The future of Lyconet and myWorld is under an unlucky star. The ambitious announcements made by the company for 2025 are met with skepticism and criticism. An analysis shows: the prospects are anything but promising. Questionable trading platform and almost worthless shares In January 2025, the first payouts for the Mediaboxes are to be made […]
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 […]