In a recent Lyoness webinar, company Hubert Friedl made the claim that Deloitte had valued Lyoness at over a billion dollars. BE Conflict Management reached out to Deloitte for confirmation, only to have them deny Hubert’s claim.
Lyoness @ BehindMLM
Silvio Spangl was a Lyoness promoter for nine years. He rose to President, Lyoness’ highest distributor rank. As part of his leadership, Spangl focused on growth of Lyoness across the Americas. He claims to have had over 250,000 distributors in his downline. Last year Spangl left Lyoness. As part of legal efforts to get Lyoness [Continue reading…]
Lyoness is based out of Austria. The company was founded by Hubert Freidl all the way back in 2003. BehindMLM first reviewed Lyoness in 2012. An updated review of Lyconet was published in 2014. In between reviews and since then, we’ve been following significant developments. And there’s been quite a few. To keep thing simple [Continue reading…]
Italy’s Competition Authority has once again found Lyoness to be an illegal pyramid scheme. The company has been issued with another €3 million EUR fine ($3.6 million USD).
Oslo police have decided it’s not worth pursuing an investigation into Lyoness. Audun Kristiansen, a prosecutor at the joint unit for intelligence and investigation, told E24 In light of the current situation and that the case will require considerable resources over a long period of time, we consider it necessary to allocate resources elsewhere. Last [Continue reading…]
Lyoness appear to be gearing up to use passive real-estate returns to encourage shopping unit investment. The news broke on March 28th, via a webinar featuring CEO Hubert Friedl.
Poland’s top consumer protection agency has ruled Lyoness is a pyramid scheme.
The Norwegian Gaming Board has reported Lyoness to local police. The regulator suspects Lyoness, who also operates at Lyconet and Cashback World, has committed “criminal offenses” across the country.
Following regulatory pressure and court decisions that have gone against it, Lyoness appears to be distancing itself from Europe. Desperate to keep new investment rolling after Italy outlawed the Ponzi scheme, Lyoness is gearing up for a push into Malaysia, Saudi Arabia and Colombia.
A top Lyoness distributor, who claims to have over 2 million members under him, has admitted “focusing on shopping is a mistake”.