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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A Christmas greeting
As the year draws to a close, we would like to express our sincere thanks.
No banks, no system! The role of Austrian credit institutions in the Lyoness/Lyconet/myWorld complex
How credit institutions became the backbone of the insolvent Lyoness/myWorld system We would like to take this opportunity to thank the whistleblowers for the numerous anonymous internal bank documents they provided us with. Thank you very much for your important cooperation! The collapse of Lyoness/Lyconet/myWorld marks not only the end of a multi-level marketing model. […]
Neutral when it comes to fraud, merciless when it comes to customers – the double failure of banks
How credit institutions enable fraud and expropriate innocent people at the same time ‘Which is the greater crime, robbing a bank or founding one?’ Today, Brecht’s famous question seems less provocative than sobering. What is increasingly evident in the European banking sector is no longer an isolated case, but a structural failure. Banks are acting […]
Comment from Ben Ecker: It has to be said!
Folks, I’m at my wits’ end, and for good reason. Since the oh-so-“surprising” Lyoness/Lyconet/myWorld insolvency, more and more so-called top marketers around the world are speaking out. And it is precisely their descriptions, assessments and justifications that mercilessly expose the true dilemma. What we are seeing here is nothing less than a declaration of bankruptcy […]
eCredits, TAG Markets, Copy X & Werner Kaiser: Ripping Off the Crowd?
How Werner Kaiser and Marina Graf make eCredits victims look foolish with the fairy tale of a “crazy deal” Last week, former Lyoness/Lyconet top marketer Marina Graf hosted a video call under the motto: “When life gives you lemons, just make lemonade together with us!” At her side, acting as sous-chef, was her long-time associate […]
Regulation as a façade – Tag Markets, T.M. Financials and the return of Lyconet and SAFIR/ZENIQ promoters
The expired licence as the core of the problem In an inconspicuous but legally unambiguous ‘public notice’, the Financial Services Commission (FSC) of Mauritius confirms that investment dealer licence GB21026474 was terminated on 18 March 2024. The licence belonged to Pure North Markets Ltd., was duly returned and has had no legal effect since that […]
Blocktrade & Banxa: More questions than answers
An announcement on 18 October 2025 points to a new partnership between Luxembourg-based Blocktrade S.A. and Australian Banxa Holdings Inc. The aim is to integrate fiat on-ramp services for EU customers. However, the synergy, which seems sensible at first glance, harbours considerable operational and reputational risks. Integration of Banxa as a payment bridge According to […]