Lyoness Ponzi to target Malaysia, Saudi Arabia & Colombia
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.
As they do in each new country they expand the unit investment scheme into, Lyoness are currently allowing existing affiliate investors to preload “balance program” units in each of their planned markets.
Essentially top Lyoness uplines and victims from other markets can pre-invest thousands of euros.
Doing so allows them to steal funds invested by locals once promotion in Malaysia, Saudi Arabia and Colombia begins.
It’s the same scam Lyoness has been running for almost two decades:
Launch the investment scheme in a new country, either get banned or collapse, migrate to a new country and entice victims from the previous country to get in at the top of the new country.
The propagation of financial misery from one country to another comes at a cost.
According to Lyoness President Daniel Gergics, Lyoness affiliates wanting to be among the first to scam the new countries need to pony up at least €5000 euros.
“Maxing out” the investment scheme will cost €15,000 EUR per country invested in.
Uppier tiers of the Cashback World balance program investment scheme cost even more.
Gergics states that Lyoness hopes to expand its Cashback World Ponzi scheme into Malaysia by the end of the year. Saudi Arabia and Colombia are scheduled to open next year.
To anyone in Malaysia, Saudi Arabia or Colombia who might read this when promotion begins, I just want to reiterate that the Cashback World shopping side of Lyoness is a front.
Without the Ponzi scheme the business collapses.
Italy is a perfect example of this. Authorities only banned the Ponzi side of Lyoness, the shopping cashback side is still available for Italy on the Cashback World website.
What happened after the Ponzi side of Lyoness was shut down in Italy?
Back in January when Lyoness was banned, Italy made up over 50% of traffic to Lyoness’ website and Cashback World.
Today, less than a year later Italy doesn’t register (Alexa). Lyoness, having had to rely on just cashback shopping, is completely dead in Italy.
This is the reality of Lyoness’ Cashback World shopping scheme. Without the Ponzi side of the business and the scammers that promote it, any country the business migrates to is DOA.
I don’t know what’s happening here in Italy. I saw few months ago a range rover wrapped with lyconet graphic tourning around my city.
I think the marketer are still trying to recruit people to make investment in the scheme or some sort of it, I can’t tell how and where.
Some lyoness stickers are still on some doors shops, I have to remember to ask them some questions about the “win win win system”.
The unit investment side of Lyoness is completely banned in Italy. The shopping side still exists but has mostly collapsed.
There might be a few desperados still recruiting in Italy, likely through bogus offshore addresses.