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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Verdict on South Africa: denial and delay – Hubert Freidl and Radovan Vitoshevich
The case of the liquidation of Lyconet South Africa (Pty) Ltd is not only a story of financial mismanagement, but once again reveals the questionable behaviour of Hubert Freidl and Co. Both Freidl and Vitoshevich tried to deny responsibility for the debts incurred here as well. The Lin lawsuit: the precedent that uncovered everything A […]
Lyconet South Africa: senior employees set up their own company – the end for Lyconet South Africa (Pty) Ltd.
t On the 21st of June 2024 the final verdict was handed down: Lyconet South Africa (Pty) Ltd is to be liquidated, the verdict confirms the company’s financial insolvency. But the real drama is playing out behind the scenes – the insolvency and closure are the result of an internal conflict, led by former senior […]
Lyoness, Lyconet, and myWorld: Companies in Norway and South Africa Imploded: Court Rulings and National Bankruptcies Shake Freidl’s Companies Worldwide
Several companies under the Lyconet/myWorld umbrella are now operating on emergency power. There’s a major shake-up at Lyoness, Lyconet, and myWorld! In multiple countries, courts have issued severe rulings and consequences against the companies. Particularly significant: in Norway and South Africa, massive financial irregularities have led to serious consequences. In South Africa, former Lyconet managers […]
Lyoness/Lyconet/myWorld: Marketers bear the responsibility?
Lyoness/Lyconet/myWorld have been the focus of legal disputes in several countries for years. The business model and practices of these companies have been repeatedly criticised. But what is particularly alarming: In situations where legal problems arise, the company leaves its marketers out in the cold. Instead of taking responsibility, the company shifts the burden and […]
Liability instead of freedom: The risky reality for Lyconet marketers
Working as a marketer for Lyoness/Lyconet/myWorld can seem like a promising business opportunity at first glance. With promises of high bonuses, passive income and financial independence, many are lured into the network. However, the reality shows a different picture: marketers who work for this company expose themselves to considerable legal and financial risks. In this […]
myWorld announcements about SKAI2PAY are a lie! Now it’s official: Mastercard denies any co-operation!
Extract from Mastercard’s statement: ’………..thank you for your patience in this matter. We can now confirm that the card program mentioned is not authorized and MasterCard is taking appropriate steps………..” The highly publicized Skai2 project is once again just cave painting from the Hubert Freidl´s studio. What has long been suspected has now been officially […]
Freidl’s companies are being liquidated by the courts – Now the former MYWORLD INTERNATIONAL LIMITED!- are being liquidated by the courts –
a Now the former MYWORLD INTERNATIONAL LIMITED! It is apparently part of Hubert Freidl’s plan to rename the companies before a court-ordered liquidation. BENEFIT4ME appears to be the current liquidation name. It’s actually happening again. It was only in May that we reported on the dissolution of MYWORLD ENTERPRISE LIMITED despite existing liabilities. The dissolution […]