MyWorld – Are Preference Shares Worthless and Meaningless?

Recent findings regarding preference shares distributed through the ‘initial public offering’ shed light on potential irregularities in money movements and business practices associated with Hubert Freidl’s company.
From dubious account activities to contentious self-payments, this influx of information raises significant questions about the use of investor funds.

MyWorld: Renewed Legal Concessions:

‘Preference shares now received!

I acknowledge that my requests for receiving the preference shares of myWorld International AG have been accepted and are accessible at corporate.myworld.com.

Additionally, I confirm exchanging my 58,000.00 activated mSP International for 58 preference shares of myWorld International AG (conversion value: 1,000 mSP International = 1 preference share of myWorld International AG). I am aware that 50% of these preference shares of myWorld International AG are personally available to me (my Personal mSP International Score), and the other 50% will be transferred to the myWorld International Share Cloud (my Cloud mSP International Score).

The surplus of 600.00 mSP International will be converted into activated mSP Asia.

The preference shares are not (legal) financial instruments. They are non-negotiable and not transferrable freely. The transfer is subject to myWorld’s approval. Furthermore, I confirm not to conduct advisory activities regarding these preference shares and to advise potential interested parties to seek expert advice before acquisition. Each applicant is responsible for their own tax liabilities, including interest/profits.’

Where has the money disappeared?

All investors deposited their funds into the investor account of Lyoness Europe AG at UniCredit Bank Austria AG IBAN: AT86 1200XXXXXXXX. Evidently, myWorld Austria GmbH had control over this account of Lyoness Europe AG, potentially indicating where the millions of investor funds might have vanished.

 MyWorld Austria GmbH simply transferred a substantial portion of the investor funds to its account at UniCredit Bank Austria AG account number IBAN: AT02 12000 1XXXXXXX. Furthermore, invoices were issued with the Lyoness Europe AG’s account number AT86 12000 5XXXXXXXXX, revealing myWorld Austria GmbH’s control over this account.

Since myWorld Austria GmbH, except for selling worthless vouchers, does not officially conduct any economic activities, it couldn’t afford the enormous, omnipresent advertising expenses. Therefore, the federal public prosecutor’s office should be interested in opening the accounts of Hubert Freidl, Lyoness Europe AG, myWorld Austria GmbH, Lyconet Austria GmbH, and myWorld International AG at UniCredit Bank Austria AG to trace the disappearance of millions of investor funds.

Even UniCredit Bank Austria AG should have reacted to the conspicuous account activities and curtailed the transfer of enormous sums according to anti-money laundering regulations. These account movements were not based on real transactions with equivalent compensation.

In any case, Hubert Freidl withdrew EUR 3,000,000.00 from the 2017 profit of mWS myWorld Solutions AG (now myWorld International AG).
This withdrawal is from just one company in Freidl’s nested companies.

According to insolvency filings, Lyoness Europe AG was already experiencing financial difficulties in 2017, while Freidl indulged in a monthly salary of €250,000.00 from one of his companies.

Freidl’s presidents recommended investors to open additional accounts under fictitious names and pseudonyms, emphasizing that the name provided didn’t matter as long as the payment was made.

These debt collectors also managed account creation, providing a full-service ‘in the services’ of the customer. GERRY AND WALTER SEEBACHER were again leading this, having handled high-level acquisitions for years. No identity verification was done, and there was no requirement for evidence of fictitious entrepreneurial status.

Because Enterprise Cloud 1 sold so well using these tricks and generated significant sums for Freidl, they quickly launched further clouds in series 2 to 8.

This starkly demonstrates Freidl’s sole aim: to gather as much money as possible in the shortest time, regardless of how or from whom. Under the guise of limited availability of the clouds, he incited investors through his recruiters (‘presidents’) to open membership accounts for other individuals to purchase more of the supposedly highly coveted but limited clouds.

The information strongly suggests that a detailed investigation into the financial activities and companies and individuals involved is urgently required. Potential irregularities may have led to questionable business practices and possible legal violations, all at the expense of investors. It is crucial for the relevant authorities to thoroughly examine this matter to bring transparency and safeguard the interests of the investors.