Lyoness acknolwedge investment scheme with “deposits”?
The thorn in the side of Lyoness’ claims to be a shopping portal has always been affiliate’s depositing funds directly with the company.
Lyoness store these funds, with cash ROIs paid out (by Lyoness) once enough new deposits have been made.
Back in the day you had affiliates investing in Accounting Units, today through Lyconet it’s “shopping units”.
In a move that appears to finally acknowledge the shortcomings of claiming to be a shopping portal, Lyoness recently announced a payment portal.
Launched on January 4th, the payment portal isn’t anything of note in and of itself – as affiliates have been depositing funds directly with Lyoness for years.
Rather it’s how Lyoness have chosen to advertise the portal:
The logic of Lyoness being a shopping portal falls apart upon consideration of why would a shopper deposit funds with Lyoness in the first place.
Lyoness themselves don’t sell anything, with the company providing free access to a portal populated with third-party merchants.
A legitimate shopping portal with free membership would only solicit fees from participating merchants, however in Lyoness this is not so.
Affiliates participating in the MLM opportunity “deposit” funds with Lyoness and then wait for subsequently recruited affiliates to do the same.
This sees them paid a cash ROI larger than what they deposited, with the idea that some of those funds are re-deposited back into the scheme (to fund other affiliate’s ROIs).
Lyoness haven’t quite yet acknowledged the investment nature of the scheme, but at least they’ve finally dropped the whole shopping facade.
It’s case for SEC, I guess. 😀
What total one sided out of context, self serving nonsense. At least
there is no pretense on your part of accuracy in reporting. I supposed the merchants who are part of the platform increasing annual sales by 20, 30, 60 percent and more from lyoness shoppers are all delusional as no one is shopping according to you.
Lyoness is just buying millions of dollars monthly in gift cards and the members are just buying grocery and gas cards to store, they are not shopping with them according to you.
The online stores who are selling products to Lyoness members is not collecting any money and giving away products. My two daughters who are enthusiastic shoppers on Ali Express, a Lyoness online merchant are not putting their credit cards online and thus getting free goods from them.
At least you could do a proper assessment of the Lyoness model, you would be more credible, instead of writing this kind of thoughtless dribble making your site look juvenile and without credibility.
What’s wrong with the existing Lyoness that the payment portal is going to simplify/fix/whatever?
Explain without marketing speak, please. What does payment portal do that the old Lyoness does not?
No, we are not talking about delusional side of Lyoness now, we are talking about deposit activity Lyoness provides to its members. What do you think about it?
(Ozedit: Deposits with Lyoness don’t require any shopping to generate a ROI. Offtopic derail attempts removed.)
@Tower
I “deposit” funds with Lyoness and Lyoness pays me a cash ROI once enough subsequently recruited investors have “desposited” funds.
Shopping? Lol… Nobody who makes money in Lyoness does so through shopping.
Invest, invest, invest!
you are selfserving and onesided in only addressing the ‘shopping’ side of lyoness.
you refuse to address the ‘deposits’ made by lyoness affiliates because it does not suit your story.
what did the austrian commercial court find only recently? it found that:
https://behindmlm.com/companies/lyoness/lyoness-found-guilty-of-deceptive-business-practices-austria/
the court in australia also found that most affiliates joined lyoness by making deposits, and that commissions were sourced chiefly from these deposits.
lyoness is a ponzi/pyramid scheme which is just waiting to run out of luck.
but there is definitely ‘pretense’ on your part in pretending that affiliate ‘deposits’ don’t exist.
how would you respond to these comments on official lyoness FB pages:
affiliates in lyoness cannot make money unless they make deposits and get others to do the same. stop your pretense already.
in nov, 2015 there was a call to file lyoness USA complaints with the FTC, as lyoness does not refund money of investors:
lyoness.pissedconsumer.com/submit-a-complaint-to-the-federal-trade-commission-20151104729150.html
if there are enough pissed lyoness investors in the US who complain, there very well might be an FTC investigation.
lyoness is registered in the USA, and falls under the jurisdiction of the SEC,FTC, AG’s and FBI.
an american investor who threatened lyoness with an FTC complaint wrote on 30th dec, 2015:
lyoness USA claims that an investor has All of Three Days to cancel their participation and claim refund, or forego their money forever.
MLM companies of good standing allow between 3 months to an year, for affiliates to apply for refunds.
Members are not allowed to do deposits. That is simple why are you editing that out?
Yes I acknowledge deposits are part of the advantage for marketers not members as stated above. Hey I bought a brand new car never drove it. I want my money back. Good luck on that one.
Is that a bad quote by you or are you making completely nonsense up as you go now?
Land of Oz, right? 😀
Lyoness members cannot make deposits. They can only shop in the network. I thought you all knew that. Only Lyconet marketers can do deposits ie buy discount vouchers that they can shop with or give away to promote shopping by members.
The vast majority of Lyoness members are shoppers only and cannot create units. If you are not aware of that then no wonder you are giving out misinformation.
An apology might be in order from Oz and company. This change has been in effect since November 2014.
I sign up with Lyoness, I deposit funds with Lyoness and Lyoness then pay me a ROI once enough recruited affiliates to do the same.
Lol shopping.
O rly? Yo Lyoness corporate up in this bitch.
You’ll also find “the vast majority” of Lyoness affiliates don’t make any money. The ones that do do so via depositing funds with Lyoness and getting others to do the same.
This is common-sense but also recently confirmed via a court ruling in Austria.
Seeing as we’re talking about the Lyoness business opportunity, waffling on about people who don’t deposit funds to create units is a waste of time.
So, do I need to become Lyoness member to be able to become Marketer and make deposit at Lyoness or not?
Tower5, 100% people making deposits at Lyoness are its members, true or false?
All I stated is if you are a member of Lyoness only (the vast majority of members) you are not allowed to make deposits or create units. Fact.
Lyoness just did three deals in Europe with major sports teams who will give away the Lyoness Cashback card to all their fans. The fans will shop and get up to 5% cashback from over 50,000 merchants worldwide.
The team will get 1% of all the shopping done by their fans, a true win win situation. None of these Lyoness members will create units they are just shoppers.
We will create with this model billions of members as this is rolled out to the major sports teams of the world. That is why this will be the biggest company on the planet.
So you can’t beat them so better join them. My money is on you K Chan to break rank first. I don’t like losing.
We’ve been hearing marketing promises of how the shopping side of Lyoness is going to to take off for over ten years.
Nonsense about this merchant, that merchant, infinity billion shoppers signing up – we’ve heard it all before.
Meanwhile the reality of the Lyoness business opportunity remains the same:
I deposit funds with Lyoness and get paid a cash ROI by Lyoness once enough newly recruited affiliate do the same.
If Lyoness was about shopping, they wouldn’t be offering a Ponzi-style AU investment scheme.
You already lost. I’m not even on my local supermarket’s card program.
K Chang, does your local market give you cash back. Let’s face it you prefer cash kchang! That’s why my money is on you to be first in Lyoness.
Hey Oz you are starting to sound like a broken record. Lyoness has long stated their business is 3 phases. First legal check and registration in each country with a corporate office and presence in each.
Not like so many MLM companies that wait until they have 500 or a 1000 distributors and start illegally sending their product in and can leave anytime without consequences.
Second they start developing the merchant and marketer infrastucture at that time it is not really about the end user shopping as it is not the most convenient uying gift cards and loking for places to shop.
Third and final is going to the masses when real shopping begins bigtime. They have just started phase 3 in Europe. You must admit if a sports team gives away a free card to 1 million fans who each spend 100 Euros per month that is 100 million Euros the team gets 1 million euros monthly and the marketers with the vision who joined early get the shopping ponts for income.
You gotta hand it the Hubert Friedl he is a genius and this will be MASSIVE. I can’t wait for phase 3 in North America and the ability to be paid on worldwide shopping.
Yes, we all know it costs to particitape the scheme, but it was always like that. But why did they decide to call it “deposit” straightforward?
The only broken record here is Lyoness PR.
Marketing claim with promises of non-affilitae shoppers signing up in droves … nothing happens … six months later when recruitment dies down new claims are made.
That’s been going on for over ten years.
The business has and always will be the depositing of funds with Lyoness and getting paid when others do the same. The rest is just volumes of a neverending story.
Sweden closes their investigation on Lyoness:
lotteriinspektionen.se/sv/Press/Nyheter/Uppdaterat-om-Lyoness/
No, wait, this is not clear for me with the translation – did they make decision to continue or discontinue the case? Anybody speaks Swedish here?
If I’m understanding correctly, in December 2015 Public Prosecutor’s decided not to continue because they felt it was unlikely they could prove Lyoness was a pyramid scheme or hold those running it accountable, based on the evidence submitted to them by the Gaming Board.
The Gaming Board appear to have appealed the decision and as of the 29th of December it’s under review.
I’ll have a writeup covering it later today.
Lotterinspekt. Protest and go to higher court reportet at 29 of december 2015 so case not closed. Sorry for my English.
So Gaming Board appealed to Judicial Development Center aganist case closing a year ago:
lotteriinspektionen.se/sv/Press/Nyheter/Nedlagd-forundersokning-av-Lyoness-overklagas/
and now result of the appeal is Swedish police will keep chasing those who are driving the scheme or what?
Yes. So does my autoparts store, and a bunch of other places. Next.
Yes they still investigate so nothing is clear yet. And lotteriinspektion is a very tuff opponent.
Newsflash from Bosnia, Croatia and Serbia:
Members of alleged B.E.S.T team (had members from all 3 states) have jumped the ship and left Lyoness for, you wont believe it, OneCoin. From inside information one group has left few months ago to check it out, and now is urging the rest to follow them.
With all the talks how much they gonna earn now with OneCoin, I’m fairly convinced they didn’t do well in Lyoness at all.
We previously caught one of them trying to sell his AU’s on online auction, misrepresenting them as company shares. Obviously something is very wrong in Lyoness la la land, if rats are already jumping the ship.