Deloitte denies Freidl Hubert’s billion dollar Lyoness valuation
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.
Friedl’s valuation claims appear to be hype marketing as part of Lyoness’ recently announced plans to list itself on a public stock exchange.
To that end the company has been selling virtual shares since mid last year.
BehindMLM covered Lyoness’ selling of virtual share points in our February 2021 myWorld review.
Lyoness is not registered to offer securities in any jurisdiction.
As part of ongoing securities fraud efforts, Friedl put forth to affiliate investors that Lyoness “will already be (worth) a higher billion amount in 30 months”.
This again is purportedly based on analysis done by Deloitte.
As per a statement issued by Deloitte to BE Conflict Management,
No Deloitte entity has any relationship with the myWorld Group in connection with any alleged IPO or assessment of the potential market value of the company.
Deloitte went on to state that their logo had been misappropriated by Lyoness and Friedl.
Deloitte is one of the largest accounting firms in the world. The company employs over 300,000 and in 2020 recorded $47.6 billion in generated revenue.
Lyoness recently enjoyed a recruitment resurrection in Italy.
Having been banned nationally in 2019, Lyoness’ new activity saw regulators issue another €3 million EUR fine.
Lyoness recruitment in Italy subsequently collapsed.
Alexa rankings for Lyconet’s website show that, since roughly mid to late January 2021, recruitment has picked up in Norway.
Alexa currently estimates that Norway makes up over 50% of traffic to Lyconet’s website.
Lyoness was banned nationwide across Norway in early 2019. Since then however, Norwegian authorities haven’t taken any further action against the company.
Evidently if Italy is anything to go by, the only way to enforce a Lyoness ban is to hit the company with multi-million euro fines.
Alright, I think I’m up to date again with the news. Got some reviews half done but they’ll have to wait.
I want to fix this comment form issue so leaving comments might be messed up while I’m at it.
Back at the vet again tomorrow morning so if publication stops for a few days I’m dealing with another unexpected hiccup.
Alright it’s pretty basic but I think it’s working.
Have to format it better so I’ll revert for now and save the code.
I hope your health is OK Oz
Thanks! Not me one of my pets 😀
Passed the vet check today but still needs monitoring. Back there again on Monday!
I think I’m happy with the general comment layout. Just need to space things properly and apply formatting so it fits in with everything else.
ALLEGED CRIMINAL OFFENCES
Leading Austrian investigative journalist Ben Ecker’s media article of 7 May, 2021 has caused many shockwaves and chaos in Monaco, Slovenia and the Graz, Austria global headquarters and across the extremely nervous Lyconet/ myWorld/ Lyoness global community.
Some very interesting findings and comments are quoted in Mr Ecker’s media article that includes the following, amongst many others:
‘A large law firm is currently examining several points relevant under criminal law relating to the persons Mario Sedovnik, Hubert Freidl, Mario Kapun, Kerstin Suppan-Eibinger and the entire Supervisory Board, including Silvia Freidl, who was recently dismissed.
This statement of facts will be published here promptly after it has been submitted. Of course, until the courts have clarified the matter, the presumption of innocence of all persons involved (still) applies!
In addition, we have been informed that this written statement of facts will also be submitted to the European Securities and Markets Authority (ESMA), the Austrian Financial Market Authority (FMA), the German Banking Supervisory Authority (Bafin), the Swiss Financial Market Authority (FINMA), the Albanian Financial Supervisory Authority (FSA), the Dubai Financial Services Authority (DFSA), the Russian Financial Market Authority (FFMS, FFSR) and the Financial Services Authority (FSA) in the United Kingdom.’
READ MORE: bekm.us/myworld-360-ag-search-for-new-ceo-is-slipping-away-from-freidl-kapun-or-when-you-do-the-math-without-the-host/
The introduction of the statement of facts that takes place in the next 2 weeks with the respective authorities and countries should be interesting!
Aren’t authorities the only party able to press criminal charges, or does the law work differently in Austria?
European regulators have a horrendous track record for acting on MLM Ponzi fraud.
In the UK anyone can mount a private prosecution. It’s exceptionally rare because if there’s a chance of conviction the authorities would be prosecuting and if there isn’t no private subject would bother.
People occasionally threaten private prosecutions as a publicity stunt but I can’t recall one ever reaching a conclusion in living memory.
A victim of fraud that hasn’t been prosecuted by the authorities might well threaten to press criminal charges to reinforce / leverage their civil claim for their losses.
I don’t know if private prosecution is allowed in Austria which is probably a civil law jurisdiction and very different from the UK.
In medieval times virtually all prosecutions were private as the concept of “the authorities” didn’t exist. The State would prosecute crimes against itself or if an individual appealed for the King’s justice (bringing their own case), but it didn’t proactively prosecute all provable crimes.
The change to the current system which works in the opposite way happened gradually once we had enough money.
Good to know. Also sounds like a defacto waste of time but.
The Lyoness thing sounds like “lawyers are going to put together a report and hope the authorities do something”. Being EU I have no faith in that.
⛔️ MYWORLD TERMINATING MEMBERS!
⚠️ BE WARNED!!
myWorld to TERMINATE Members that Object to the 2021 General Terms & Conditions!
READ MORE: facebook.com/groups/988475868329858/permalink/1119290738581703/
More information at: facebook.com/groups/988475868329858/
To be fair, assuming there’s nothing suss in the new T&C, if you don’t agree to them what else are Lyoness going to do?
That said, it’s not really “cashback” anymore if now it’s just credit. They should change the name.
Can we confirm there’s no cashback? Or is credit an option alongside traditional cashback?
(19 May, 2021)
READ MORE: bekm.us/ecredits-does-it-go-on/
eCREDITS ‘IN LIQUIDATION’ & ‘DISSOLVED’
Are you still being FOOLED?
MORE CORRUPTION ALLEGATIONS
Investigation of the Public Prosecutor’s Office for Hubert Freidl, Marko Sedovnik and Mario Kapun?
3. June 2021
READ MORE: bekm.us/custody-for-hubert-freidl-marko-sedovnik-and-mario-kapun/