Lyoness still a pyramid scheme in Italy, fined another 3 mill
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).
According to the AGCM’s January 25th press-release, Lyoness, operating as myWorld Italia and Lyconet Italia
is promoted in a deceptive and not very transparent way and has pyramidal elements constituting sales.
As noted by the AGCM Lyoness’ cashback platform is a ruse, behind which the company runs a pyramid scheme.
The investigation carried out by the Antitrust has made it possible to ascertain that the promotion scheme adopted by the two companies is only formally aimed at the diffusion of a cashback service (which allows the return of a percentage of the money spent at the affiliated merchants).
In reality, it is aimed at recruiting an ever-increasing number of appointees to whom a significant economic return is envisaged.
Despite multiple company name changes and rebranding of Lyoness’ original fraudulent investment scheme, investing in points and collecting a ROI when others do the same remains the core of Lyoness’ business model.
Pyramid schemes are illegal in Italy, and so the AGCM issued Lyoness with another fine.
The AGCM first investigated Lyoness back in 2018. That investigation led to Lyoness being banned and issued a €3.2 million euro fine.
At the time Italy was Lyoness’ primary source of new investment.
The AGCM’s investigation revealed just 16% of Lyoness’ revenue in Italy was attributable to cashback related shopping. The rest was direct investment into shopping units.
Lyoness responded by blocking access to its voucher investment scheme in Italy, after which the opportunity soon collapsed nationally.
Italian Lyoness affiliate losses were pegged at 53 million euros in February 2019.
Alexa’s analysis of traffic to Lyoness’ “MyWorld” website reveals an uptick in traffic in late 2020.
This appears to be attributable to renewed promotion of Lyoness in Italy, which currently generates 40% of total traffic to myWorld.
I’m not sure why the AGCM took so long to realize Lyoness was still being promoted in Italy. If I had to guess though it’s probably due to Lyoness constantly coming up with new company names and marketing terminology.
Whether this second pyramid scheme finding and fine means Lyoness is finally done in Italy remains to be seen.
On January 30, 2021, the German television station “ZDF info” warned of the Lyoness CashbackWorld fraud in a report. In the video an interview with the journalist Ben Ecker, who has been warning against this fraud for years.
The video can also be viewed here in the future:
zdf.de/gesellschaft/vorsicht-falle/vorsicht-falle-192.html
This portal by Ben Ecker in English is highly recommended:
bekm.us/author/ben-ecker/
Can someone please translate the video and upload it to YouTube? Specifically the portion that covers Lyoness because I get the feeling the segment covers other scams as well.
@ Cane
The very strict data protection law in Germany protects perpetrators better than victims. For this reason, the people shown in the video are actors and no specific names are given. The company – CashBackWorld – is not mentioned either.
The part with the cashback scam starts at 14:15 minute. With the promise of getting rich quick without a lot of work, people are lured into the cashback scam. In this example, a young woman from Munich is the victim of the fraud. A young man – the cheater – has promised the woman 150,000 euros a month in earnings if she lures more people into the fraud. She could start with an investment of just 99 euros. And if she wants to earn more money, she should also buy points. The woman did that and bought points for 150 euros a month.
The young woman from Munich was so enthusiastic about it that she lured two friends into the cashback scam.
Allegedly it was possible to buy shares in the CashBack company for 6,900 euros. Those who do this will get the 6,900 euros back after three years and then 1,700 euros every month.
The young woman from Munich then took out a loan to participate in the fraud. One of her friends bought shares for 8,400 euros. The woman from Munich then took action and held business presentations in various places.
A young man, 17 years old and therefore not yet of legal age in Germany, was also lured into the fraud. Instead of the promised 570 euros per month, he was paid only 48 euros.
The video describes – and calls it that – a typical pyramid scheme. Many victims have already sued the company.
The interview with Ben Ecker begins at 26:35.
Three different companies were founded for the fraud with LYONESS:
LYONESS EUROPE AG (founded in July 2003)
share-your-photo.com/160c30a3e7
These persons are named in the commercial register:
Christopher John Thomson, Paul Unterberger and Karl-Heinz Feddermann (members of the Board of Directors)
Belinda Savoy and Monika Murárová (Management)
share-your-photo.com/a47c99d87f
LYONESS INTERNATIONAL AG (founded on July 6, 2009)
The commercial register names the same persons for this company, but without Belinda Savoy.
Lyoness Suisse GmbH (founded on August 31, 2009)
Karl-Heinz Feddermann is the managing director.
The aforementioned Christopher John Thomson is also the Director of MYWORLD RETAIL SERVICES UK LIMITED, founded on July 12, 2009.
share-your-photo.com/ee444a2298
This company already had many directors:
– Karl Eibel from Graz in Austria
– Per Johan Eneroth from Sweden
– John Philip French from Australia
– Nicholas Antony Hemburrow from United Kingdom
– Eloise Inedahl Swales from England
– Marcus Ferguson Jones from England
– Paul Domokos Teleky from Hungary
Christopher John Thomson is also CEO of Lyoness Asia-Pacific Limited in Kowloon, Hong Kong.
This video by Maria and Oddmund from Spain shows very authentically how people are lured into fraud. Because the Spanish speak poor English, English subtitles are included in the video.
share-your-photo.com/b69ba2d48e
The video is interesting, but the discussion below the video is much more interesting. Vladimir Afanasiev from Russia wrote:
youtube.com/watch?v=u8TnUhvTQgE
A similar video in German:
The link below the video leads to Clemens Kohlbacher‘s registration page (see photo):
share-your-photo.com/b50138a23f
youtube.com/watch?v=bni4CYRp-bg
LYCONET GLOBAL AG, based in Zurich (Switzerland), was entered in the commercial register in July 2020. The following people run the company:
Mario Kapun (Austrian citizen), as President.
Marko Sedovnik (Slovenian citizen), as a simple member.
share-your-photo.com/bdf0084a62
Christopher Norman Thomson! (Not Christopher John)
Former Hong Kong based Lyconet Asia Pacific Regional Director, UK citizen and current Company Director of Lyconet Australia P/L Christopher Norman Thomson has been EXPOSED again!!
Thomson, better known in Australia and New Zealand for terminating members and SME Loyalty Merchants for asking questions he didn’t want to answer and his now very public documented COVER UPS, BS LIES and FAKE NEWS contributing to the collapse of the Australia and New Zealand businesses, was understandably removed from his Hong Kong based position by Hubert and reportedly spent some time in Siberia playing with his navel fluff.
READ MORE: bekm.eu/offener-brief-an-die-lyoness-manager-chris-thomson-jef-rowlison-sowie-an-den-schweizer-lyconet-fallobstsammler-ede-buser/. (Open in Chrome to translate)
facebook.com/771145199758660/posts/1124298754443301/?d=n
facebook.com/771145199758660/posts/1122286634644513/?d=n
SURPRISE, SURPRISE!!
Now he’s back. Hubert’s prize puppet the unfortunate Christopher Norman Thomson has had to act as Director of UK based ‘Lyconet Holdings Limited’ under Mario Kapun since April 9, 2020.
READ MORE: bekm.eu/lyconet-international-ag-ra-dr-hubert-reif-reicht-lyconet-marketer-aus-aller-welt-an-eine-100-gbp-gesellschaft-in-london-weiter/
Thomson is already a Director of most of Hubert’s 100+ companies (see below), but why can’t Hubert be found as a Director anywhere.
Has Hubert already prepared his parachute and thrown Thomson under the bus? You be the judge!
Thomson has already proven he isn’t the sharpest tool in Hubert’s tool shed!!
READ MORE: taratalkstoday.blogspot.com/p/lyonesslyconetcashback-world-scam.html?m=1
LYONESS -TURKEY: € 16,915,399.49 million transferred to Switzerland past the tax. Tax audit report accuses. (Use Google Chrome to Translate)
According to the 87-page tax audit report of the Turkish Ministry of Finance in Istanbul (VERGI INCELEME RAPORU), over the course of years, Lyoness has transferred EURO 16,915,399.49 million alone to Switzerland.
READ MORE: bekm.us/turkey-16915399-49-million-e-have-been-transferred-past-tax-to-switzerland-tax-audit-report-accuses/
LYONESS as a pyramid scheme prohibited by the court! Dummy company busted / Lyoness Kart Hizmetleri Ltd. Sti. under bankruptcy administration/tax debts worth millions / penal proceedings for tax evasion and deliberate bankruptcy.
bekm.us/turkey-lyoness-as-a-pyramid-scheme-prohibited-by-the-court-dummy-company-busted-lyoness-kart-hizmetleri-ltd-sti-under-bankruptcy-administration-tax-debts-worth-millions-penal-proceedings-for/
Have these funds found there way to Monaco to fund lavish lifestyles? You be the judge!
“Hubert Freidl’s Fairy Tale Hour”:
Once upon a time…… New York stock exchange experts forecast high-digit billion value for myWorld? Blocktrade is said to be worth 200 million EURO already?
During an “online sensation” at a “BST – Black Strike Team” Hubert Freidl said the following in the video: (Text from video transcreated verbatim).
READ MORE: bekm.us/hubert-freidls-fairy-tale-hour-once-upon-a-time-new-york-stock-exchange-experts-forecast-high-digit-billion-value-for-myworld-blocktrade-is-said-to-be-worth-200-million-euro-already/
Have you fallen for Hubert’s Stock Exchange ‘FAIRY TALE’?
Do you still believe in the TOOTH FAIRY?
What is the name of lyoness now? it did change to lyconet at some point.
Lyoness –> Lyconet –> myWorld –> Cashback World –> probably over a dozen additional shell companies
thisiswiltshire.co.uk/news/18952780.suspended-sentence-businessman-took-indecent-photos/
Nicholas Hemburrow UK director as linked above.