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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Myw Portugal insolvent: The quota is theory – the assignment is strategy
In a ruling by the Lisbon Commercial Court (Ref.: 22852/25.1T8LSB) on 28 September 2025, Myw Portugal, Unipessoal, Lda., a national subsidiary of the international myWorld Group, was officially declared insolvent. For Portuguese victims, the crucial question now is: Does it make sense to file individual claims in the insolvency proceedings, or should claims be bundled […]
888 – The code of silence! How Lyconet top marketers cashed in via Cyprus and circumvented Austrian tax law
It sounds like the plot of an economic crime thriller, but it is bitter reality: An exclusive circle of Lyconet top marketers is said to have received millions in commissions via a payment structure with secret ‘888 membership numbers’, anonymised, tax-optimised and outside the official accounting systems. At the centre: an inconspicuous tax office in […]
Cash flows without value in return? Lyconet management under pressure
Patronage, cash drain, sister loans – Lyconet management in the sights of insolvency administrators What was long presented as a ‘restructuring’ of the myWorld/Lyconet structure may, according to internal documents, have been a system of internal self-financing. Documents from spring and summer 2025, which are available to our editorial team, show that payments were not […]
Blocktrade: From Tallinn to Ljubljana – stock market dreams despite tax debts?
The cryptocurrency platform Blocktrade is publicly talking about growth, expansion and a possible IPO. But the sobering register data paints a completely different picture: outstanding tax debts of €280,287.72 in Estonia, two unfiled annual financial statements and a risky relocation to Slovenia. Can a company that positions itself in this way really go public in […]
From Lyconet President to broker – Mario Oreggia and the mysterious sale of Blocktrade
Lyconet/myWorld President 8.3 Mario Oreggia on the sale of Blocktrade, what he didn’t mention in his online calls, and why the information we researched paints a completely different picture. Our enquiries on this matter have so far remained unanswered. Mario Oreggia was a long-standing top leader (‘President’) in the Lyconet network, with direct access to […]
Blocktrade – Non-transparent ownership structure and questionable IPO prospects
Was Sam Tan being honest in his calls? The crypto platform Blocktrade S.A. long presented itself as a regulated, reputable provider with a European profile and big ambitions for the future. An IPO, allegedly even on the Nasdaq, was promised, and communications emphasised stability and growth. However, recent developments paint a different picture and give […]
Blocktrade owner in liquidation – the treatment of users is shameful and reminiscent of the fake IPO of myWorld
Comment by Ben Ecker Blocktrade advertises with the future, but the present looks bleak. With the resolution to dissolve the company on 22 November 2024, this public limited company is in liquidation. This is the start of a series of articles about events that every Blocktrade user should be aware of. The owner is in […]