myWorld Review: Cashback World, Lyconet & Lyoness in 2021
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 I’ll restrict covering Lyoness’ history to the last few years.
2015
the ACCC stuffed up a pyramid scheme case brought against Lyoness in Australia- Lyoness and Hubert Friedl (right) were cleared of criminal charges in Austria
- the Philippines took a look into Lyoness, found there wasn’t much retail going on but left it at that
2016
- Lyoness was found guilty of deceptive business practices in Austria
- Swedish police dropped a pyramid scheme investigation into Lyoness because it was too hard
- a Vienna court found Lyoness’ affiliate terms and conditions to be illegal
- the Portuguese Consumer Protection Association issued a warning against Lyoness
- a Swiss Court ruled Lyoness was a Ponzi scheme, invalidating affiliate contracts in the process
- new criminal charges were filed against Lyoness and Friedl in Austria
2017
- Norway reopened its pyramid scheme investigation into Lyoness
- Poland groups Lyoness with a bunch of notorious Ponzis and issues a warning
2018
- Norway finds Lyoness to be an “illegal pyramid scheme” and bans the company
- Lyoness responds to Norwegian finding by changing its name to myWorld, ushering in confusing Lyoness/Lyconet/myWorld/Cashback World era
- Lyoness announces plans to jump on cryptocurrency bandwagon, ultimately leads nowhere
2019
- Italy finds Lyoness to be a pyramid scheme, issues 3.2 million EUR fine
- criminal case opened up against Lyoness in Norway
2020
- Poland’s Office of Competition and Consumer Protection finds Lyoness to be a pyramid scheme
- Norwegian police abandon criminal case due to lack of resources
2021
- Lyoness resurrected in Italy, again found to be a pyramid scheme and fined another 3 million EUR
Despite all of that and numerous cases, some of which are still playing out, Austrian authorities seem unable to shut Lyoness down.
Every few months I’ll read updates on what’s going on in Austria, yet none of it seems to stick.
Note that in the spirit of keeping up with Lyoness’ attempts to evade regulation, this review will focus on the MLM business opportunity as myWorld.
Lyoness and Lyconet are still operational, and the cashback shopping portal operates as Cashback World.
Read on for a full review of myWorld’s MLM business opportunity.
myWorld’s Products
myWorld has no retailable products and services of its own, with affiliates only able to market affiliate membership itself (Premium membership).
The Cashback World shopping portal is free to use for both affiliates and retail customers.
Cashback World provides access to discounts at various retailers. Whether myWorld uses a third-party discount platform has never been clarified.
It’s likely that on some level Cashback World is its own platform, as myWorld offers a white label version to qualifying businesses organizations.
myWorld’s Compensation Plan
myWorld’s compensation plan revolves around acquisition of shopping points.
Shopping points can be acquired via
- purchases on Cashback World made by a myWorld affiliate or a personally referred customer
- purchases made by a Cashback World affiliate’s recruited downline (whether downline customers also count towards an upline’s shopping points is unclear)
The specifics of how shopping points are calculated is a guarded secret. To the best of my knowledge myWorld do not publish this information anywhere.
Based on monthly acquisition of shopping points via the above methods, residual income is earned as follows:
- generate 600 shopping points a month and earn €50 EUR
- generate 1600 shopping points a month and earn €200 EUR
- generate 6000 shopping points a month and earn €500 EUR
- generate 20,000 shopping points a month and earn €1200 EUR
- generate 50,000 shopping points a month and earn €3000 EUR
- generate 200,000 shopping points a month and earn €8000 EUR
- generate 500,000 shopping points a month and earn €20,000 EUR
- generate 1,250,000 shopping points a month and earn €50,000 EUR
Marketing Bonus
The Marketing Bonus pays “up to 1%” on Cashback World purchases made by a myWorld affiliate and their personally referred customers.
I believe the “up to 1%” is calculated on the cashback amount myWorld receives from a merchant.
The specifics of “up to 1%” (e.g. the exact percentage paid out) is not disclosed.
Rank Achievement Bonuses
myWorld’s latest compensation video states:
Lyconet also has an incredible reward program that honors each milestone on your path to success.
From life-changing seminars held at breathtaking locations to unique incentives that will help increase your lifestyle.
These are assumed to be Rank Achievement Bonuses. As with the Marketing Bonus, no specifics are provided.
Joining myWorld
myWorld affiliate membership is free. This is misleading however, as discussed in the conclusion below.
Conclusion
I was anticipating another headache reviewing Lyoness. Turns out the compensation plan itself has been greatly simplified – but I still got a headache tracking it down.
Lyoness are very cagey about providing a simple, easy to understand and complete copy of their compensation plan. Obtaining this has always been a struggle, and I maintain this alone should turn you off as a potential Lyoness affiliate.
With myWorld, Lyoness has ditched the structured ROI formula that we slammed as Ponzi scheme since our initial 2012 review. It now more closely resembles a pyramid scheme.
To be clear Lyoness has always had a pyramid element. Recruitment of new Premium affiliates is what triggered ROI payments, with Lyoness collapsing in every market recruitment inevitably fizzled out in.
The monthly payment differs from unit-based structures, mixing in cashback shopping with recruitment. Since inception however, cashback has served as nothing more than a ruse.
The quickest and most efficient way to earn in Lyoness has traditionally been recruitment of “Premium” affiliates. These are affiliates who back in the day put down-payments on “account unit” investment positions.
These positions, later renamed “shopping units”, paid a return once enough subsequent investment had been made by recruited affiliates.
Today the same process is utilized, only now with greatly diminished returns.
Premium myWorld affiliates sign up and purchase e-vouchers;
This will enable customers to have funds available on their Cashback Profile to purchase vouchers.
This feature will most likely only be used if members paid money over and they don’t want to place an order right away.
This provides shopping points for whoever recruited them and their upline. It’s the same idea behind accounting/shopping units.
Stories of myWorld affiliates being recruited into Lyoness are out there. Just three days ago a Reddit user requested help in recovering 20,000 GBP spent by a family member.
With payments made monthly based on shopping unit production, the difference between now and the investment unit era is there’s no accumulated balance.
What this boils down to is I can recruit someone and get them to spend thousands on e-vouchers, but that will only count towards that month’s commission calculation for me.
For residual commissions I’m relying on repeat spending by those I’ve recruited, recruiting new affiliates and/or recruitment activity by my downline.
Shopping by non-affiliates is of course there but seeing as its been negligible when it comes to building Lyoness as a business, there’s no reason that has changed.
Perhaps the best example of this was back in 2018 when Italy announced it was investigating Lyoness.
At the time Lyoness’ unit investment scheme had and was spreading like wildfire throughout italy.
Lyoness responded to the investigation by disabling the investment scheme in Italy. Cashback shopping was still allowed.
By the time Italy fined and banned Lyoness for being a pyramid scheme in Jan 2019, Lyoness had already collapsed.
In 2018 a regulatory investigation by Norway, based on information submitted by Lyoness, revealed that only 21% of issued Cashback World shopping cards had actually been used.
Furthermore you can plot any country Lyoness has temporarily taken off in over the years, and see that once recruitment tanks, so does the business.
If anything the cashback niche has become more competitive over the years, what with the rise of free browser apps. This equates to Lyoness’ cashback offering in 2021 being more irrelevant than ever.
To date Lyoness has failed to maintain a sizable business in any country where affiliate recruitment has run its course.
Will the court cases in Austria ever go anywhere? Who knows.
In mid 2020 or so myWorld was all but resurrected by renewed recruitment activity in Italy.
After the second fine it’s likely business there will collapse again. This has prompted Friedl to roll out an IPO marketing plan.
According to the marketing video the above screenshot is taken from, myWorld affiliates will receive “myWorld share points” (MSP).
MSPs are acquired “by buying and redeeming benefit vouchers” (e-vouchers with a new name?).
MSPs “can be converted into company shares during the planned IPO”. Friedl insists Lyoness will list as a “multi-billion dollar company”.
Bear in mind Lyoness isn’t registered to offer securities in any country it operates in, so marketing virtual shares is already a new chapter of securities fraud.
In addition to the unit investment scheme securities fraud, Lyoness again committed securities fraud in 2015 with its Customer Cloud scheme.
I’m not holding my breath on whether Austrian authorities capitalize on Lyoness’ newly announced public offering.
In the meantime Lyoness, Lyconet, myWorld, Cashback World and any other names they come up with, are subject to the rules of MLM pyramid schemes; namely that the majority of participants are guaranteed to lose money.
@ Oz
A little correction (year 2015 in your review). The fraudster’s name is Hubert Freidl, not Herbert Friedl.
share-your-photo.com/6c84efa776
Thanks for that!
Lyoness – a never ending story.
Everyone has a hobby, including Hubert Freidl. He is constantly founding new companies. The names are new, but the contents are old and familiar.
A newspaper from Austria wrote on April 11, 2018:
share-your-photo.com/b00ed5ca91
The full article here:
kleinezeitung.at/wirtschaft/5404014/mWS-myWorld-Solutions_Lyoness_Neuer-Name-gleiches-Geschaeftsmodell
Video from the Austrian TV channel ORF with subtitles:
share-your-photo.com/f68adeb126
The following screenshot shows the data from BE Conflict Management Inc. from Miami:
share-your-photo.com/9068065925
youtube.com/watch?v=X5CAQ5vlqkc
Of course, successful fraudsters have – at least – their own yacht. This applies to Ruja Ignatova (OneCoin / OneLife) and Hubert Freidl too. He owns four yachts:
share-your-photo.com/cd494472b6
picuki.com/tag/hubertfreidl
What is happening with Lyoness, hundreds of people in UK invested thousands of pounds in different countries as instructed by Lyoness and leaders from Austria.
When do everyone get their money back? In fact will people get their money back?
@Veena
Money goes into Lyoness, it doesn’t come out. Why would the UK be any different?
so what are you saying? please advise.
are we or anyone getting our money’s back?
If you signed up as a Premium member when Lyoness was operating as a Ponzi scheme, your money was stolen by Ponzi scammers.
If you signed up as a Premium member recently, your money was stolen by whoever recruited you, whoever recruited them etc. etc.
How exactly do you think your money is going to magically be returned to you?
“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).
Hubert Freidl: ” For all of us together have no idea on what we are sitting on here and you have no idea what the company is already worth today. And now I’ll tell you how I came up with it.
Most of you know the Blocktrade project, right? A super project, built on in chaos, strong! That was evaluated in a written form with a value of 200 million euros, the company.
That’s not a little money! As I heard that, I figured, then what is myWorld worth around the world? Because we are not just one website, we have 55 country companies, millions of customers and partner companies. So the company is really worth a lot!
Therefore everyone can put their own number in their head, but the stock exchange experts from the people have also said that – of course we’re talking about billions – it will be a higher-digit amount of billions in 30 months.”
The mentioned “Blocktrade project” is a rather fragile product of the “EliteClub Foundation” based in Dubai and this “website” is supposed to be worth 200 million EURO? Do they think everyone else is stupid!
Please, who has given Blocktrade a written review here? We have asked Blocktrade, maybe Hubert Freidls friend and former Lyoness employee can publish this written review.
If an evaluation by a renowned company had actually been available, this would have already been published on “a rolled out red carpet”.
It would also be interesting to know which ” people’ s stock market experts” have predicted that myWorld will be worth billions of euros in higher figures.
Dear Mr. Freidl, that you see yourself on par with Bill Gates, Steven Jobs and Marc Zuckerberg and compare your Lyoness/Lyconet/myWorld pyramid scheme with renowned companies like Amazon, Apple and Microsoft is obviously megalomania.
A little self-reflection and the reconnection to reality would be appropriate.
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/
This review is so full of shit – unbelievable!!!
No one loses money – you idiots who think you made an investment you should look after what an investment is about
You just bought vouchers with additional benefits – it’s up to you to use them! You cannot blame the company for not using your vouchers!
I have a friend who started back in the days (2009) he was active a little while but then stopped
We looked at his account a few month ago – all his money was and is there !
He even collected commissions who were paid out then!!
So stop Talking shit about a Company you don’t have Full Information & Knowledge about !!!
This company is making a constantly process of becoming better and better – sure there was some mistakes in past – as every fucking big company on the planet!!
The compensation plan is so easy – my best friends son aged 12 understands it !
No more units, no more clouds,
Only shopping shopping shopping !!!
Here comes the lYoNeSs Is aBoUt ShOpPiNg! bullshit…
Except that they do. You dump money into Lyoness, recruitment collapses and you’re left holding the bag.
This has happened in every country Lyoness spreads to. Furthermore victim losses have been acknowledged in both Italy and Austria.
Attaching vouchers to a Ponzi scheme, now pyramid scheme, doesn’t make it any less of a scam.
If Lyoness was actually about shopping it’d be a success story countries where recruitment has collapsed.
Seriously, Lyoness launched in 2013 – it hasn’t built a long-term shopping network in any country to date.
Your friend gave up because he invested in a Ponzi scheme and recruitment collapsed. New investors eventually onboarded, long after he’d stopped paying attention.
Sorry, your point is what? Definitely not that Lyoness is about shopping, as evidence by your friend fucking off when they’d been scammed.
You can’t even acknowledge Lyoness was a fraudulent investment scheme. Let alone it’s now a blatant pyramid scheme.
Lyoness CEO: “It’s all about positions!”
Through myWorld Enterprise Program, Lyoness is still “all about positions!”
Fraud doesn’t disappear just because you go from one scam model to another.
Hello. I’ve been told resently about the IPO of My World and about that Deloitte has done a review or a statement about My World. Stating that it is a global marketing agency.
I tried to find info about this, but could not find anything. Could you have a look in to it? Thank you.
Sure, after you explain what Deloitte’s statement has to do with Lyoness/myWorld operating as a pyramid scheme.
Legitimacy via association isn’t a thing.
I have also been involved in this, until my situation of life made me the other tasks.
Yesterday the same team where I have been approached me telling “good news”.
this post in the chain revealed everything but this “insider information, the NASDAQ listing agreement which will be released“ soon ”“ operated by this Deloitte Touche Company that prepares the Exchange for going.
Until tomorrow, you will get an additional benefit when you follow the instructions to accept the new rules in your Lyconet account.
After tomorrow, It will still be eligible for the shares without the small incentive bonus that I would now immediately accept the change. I will keep an eye on whether my post is the last one in this thread ☺️
– FACTCHECK : Miss Leading title
– the Portuguese Consumer Protection Association issued a warning against Lyoness.
It’s a private association name DECO.
In the National Paper “SOL” the “NEWS” was launched and ended with the business model review from the most well know lawyer firm in Portugal PLMJ.
The Legal Review was OK.
-Premium myWorld
Don’t exist such thing.
-“by buying and redeeming benefit vouchers” (e-vouchers with a new name?).
No, with a simple search you can find that.
Promising virtual shares to solicit investment in vouchers whilst not being registered to offer securities = securities fraud.
@Mentiros
You are terrible at fact checking.
Lyoness == myworld == cashback world == lyconet == any other shell company Hubert Friedl sets up
And? Legal opinions mean dick. At the time Lyoness was operating as a Ponzi scheme.
Signing up and investing in vouchers = premium myWorld affiliate membership. This replaces signing up and investing in accounting units back in the day.
Does it matter? Same shit, different name.
“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?
Hubert Freidl’s myWorld Shareholder Proposition And It’s Terms And Conditions.
⛔️ A MUST WATCH VIDEO:
youtu.be/LPdpvTWqcFQ
READ MORE: facebook.com/111229294013747/posts/265865448550130/?vh=e&d=n
facebook.com/1059417467/posts/10222148801723240/?d=n
BE CAREFUL!
Hubert’s UPLINE LEADERS are in full flight encouraging Lyconet/ Lyoness/ myWorld/ Cashback World members to just accept the new ‘MYWORLD SHARE PROGRAM’ T&C’s.
Make sure you read the FINE PRINT, particularly Clauses 13.1 as it may severely impact on your legal rights and seek independent legal advice!!
^^ Scam T&Cs don’t hold up in court.
LYCONET UPLINE LEADERS UNDER THREAT
If you believe the comments that appear under this media article by leading Austrian investigative journalist Ben Ecker, serious threats are being made against Super Hubert’s LYCONET Leaders, by ANGRY Member Victims.
The German TV Report has certainly caused chaos in Monaco , the Austrian Graz global headquarters and for many member victims across the world.
READ the comments under: bekm.eu/in-eigener-sache-nach-der-tv-ausstrahlung-vorsicht-falle-vom-30-01-2021/
(Open in Chrome to translate)
*** German TV Report
The interview with Ben Ecker begins at 26:35 minutes (no English subtitles):
zdf.de/gesellschaft/vorsicht-falle/vorsicht-falle-192.html
PONZI PIMPS just hate being EXPOSED!
MYWORLD/ LYCONET/ CASHBACK WORLD/ LYONESS!
MEMBER VICTIMS CLAIMS being lodged under the Austrian Court verdicts against Lyoness in favour of member victims across the world through Austria law firms and BECM Inc.
With MEMBER VICTIMS Claims across the world reportedly now exceeding €130million and growing quickly everyday, (particularly since Hubert’s unlicensed/ unlisted IPO myWorld ‘Share Program’ announcement) this video update is a MUST
No wonder Hubert Freidl and Co are making more changes to deliberately mislead and deceive members to raise much needed funds to pay all these member victims CLAIMS.
Are you going to help Hubert by recruiting new SUCKER money?
A MUST WATCH 3 minute video: youtu.be/VxO-c21TTGg
(Select the arrow at the bottom right hand corner of the video for more information)
READ MORE: facebook.com/111229294013747/posts/277203467416328/?vh=e&d=n
SILVIO SPANGL – Former Lyconet Presidents Club Career Level 8+ Leader EXPOSES Global SCAM in a revealing interview that has sent shockwaves in Monaco, the Austrian (Graz) global headquarters and throughout the Lyconet/ Lyoness/ myWorld community: youtu.be/3IrS7tIyh6c
READ MORE: facebook.com/111229294013747/posts/219793299824012/?vh=e&d=n
⏺ ITALY CLAIMS UPDATE
No wonder MEMBER VICTIMS Claims from across the world have reportedly reached €130million euros and growing quickly every day, since Hubert’s unlicensed/ unlisted IPO MYWORLD SHARE PROGRAM announcement!
‘Promising virtual shares to solicit investment in vouchers whilst not being registered to offer securities = securities fraud’.
✔️ MEMBER VICTIMS in Italy have already reportedly lodged claims for their losses totalling €53million euro, since 2017.
According to a report from TG Verona, since 2017 Lyoness Italia Srl processed €53 million euro from around 1.3 million members – most of whom were affiliate investors.
READ MORE: https://behindmlm.com/companies/lyoness/lyoness-victims-in-italy-demand-return-of-their-losses-53-million-euro/
No wonder Hubert’s previous flagship country has collapsed no doubt severely impacting on his revenues.
✔️ In 2019, Lyoness is convicted of being a PYRAMID Scheme in Italy, fined €3.2million euro.
READ MORE: https://behindmlm.com/companies/lyoness/lyoness-a-pyramid-scheme-in-italy-fined-3-2-million-euro/
✔️ In 2021, Lyoness still a PYRAMID Scheme in Italy, fined another €3million euro.
READ MORE: https://behindmlm.com/companies/lyoness/lyoness-still-a-pyramid-scheme-in-italy-fined-another-3-mill/
More EVIDENCE and PROOF and the latest on myWorld/ Lyconet/ Lyoness @ Behind MLM link: https://behindmlm.com/companies/lyoness/
How many UPLINE Leaders do you know who are unknowingly recruiting new money for Hubert & Co to fund all these MEMBER VICTIM Claims and supporting an alleged ‘SECURITIES FRAUD’?
SHARE with your friends, loved ones and your downline team members!!
HUBERTS eCredits FANTASY LIQUIDATED
More EVIDENCE and PROOF of Hubert Freidl’s SCAMMING activities and practices to get your money!
⚠️ BE CAREFUL!
Did you pay any money into Hubert’s non-existent eCredits, Blocktrade, eWallet Digital Currency?
“eCredits”-company ECR AG dissolved and in liquidation since 03. December 2020!
3. April 2021/0 Comments/by Redaktion Blog
READ MORE:
bekm.us/ecredits-company-ecr-ag-dissolved-and-in-liquidation-since-03-december-2020/
How many more of Hubert’s money making activities will be LIQUIDATED in the coming months?
Latest NEWS.
The company behind ecredits was deleted and liquidated:
bekm.us/ecredits-whats-going-on/
Silvio Spangl will expose Friedl in a long interview:
bekm.us/exclusive-and-personal-interview-with-former-level-8-lyconet-president-silvio-spangl/
Question is, will he give all his “hard earned” money back to the victims? Will he go to court and plead guilty himself?
Will he join in the legal pursuit in Austria to close myworld down, lyconet, lyoness down? Will he make amends publicly? Will he make an effort and go to Public news media and speak up as well?
Was hoping the interview will have more specific info and details, but Silvio by the look of it, is trying to avoid(?) further legal conflicts and is trying hard to come of as a person who is doing his best to redeem himself to “his connections”.
The only thing which is clear, is that he is trying to get his own money back with BE Conflict Management:
Part 1:
youtube.com/watch?v=k2KZW98CR4E
Part 2:
youtube.com/watch?v=U–zBDbHFPM
It would be much better for him, if he first obtained the investment back with BE quietly and once that is done, come completely clean and out of the closet to “slam” the operations with lawsuits and collaboration with governments.
Now, he only comes of as a person who had and still has no clue, what he got himself into, and that he was scammed and then scammed more than 250.000 people into joining this crazy idea.
This is sad, very sad.
Can the behindmlm prepare news with these two videos and perhaps some other info for us regular users are unaware of? (if there any other news – there must be now many people opening up, if this Silvio Spangl, level 8 came out… )
^^ On my radar.
This article is full of misinformation.
For example. Hard to get the compensation plan??? Simply go to lyconet dot com and click on Compensation Plan on the bottom of the page.
I guess this explains the quality and reliability of this article.
This review was published in February 2021.
If Lyconet has since provided their compensation details, that’s great. But don’t come on here gaslighting.
I guess that explains the honesty of your average Lyoness Ponzi promoter.
Oz,
This article is full of misinformation, earlier comments confirm that.
Also it reflects that the author just copies some hatred toward myWorld from the BE conflict management company (Ozedit: conspiracy theory removed)
I have seen several examples, when myWorld refunded money to members who got into hardships, like a health issue, on compassionate grounds.
The problem is that there are people who still find this a great business and these articles are damaging their effort to build a team.
While the authors of this article do not even know the difference between an eVoucher and a benefit voucher.
Just unfair and bias journalism, that is what it is.
Why wouldn’t they want their money back? The entire point of Lyoness / myWorld / whatever is that you shovel in money and get more money out, via returns on investment positions, virtual shares, discounts or whatever they come up with next.
Lawyers acting for scam victims are entitled to make a living from their work, same as people who flip burgers, heal the sick or drill for oil.
Why is myWorld refunding people with sob stories while withholding money from people who don’t have one?
You know this is like going to Peta and complaining that their adverts are making people buy less meat, right?
Nobody cares. When you loaded up Oz’s blog you left MLM la la land and entered the real world.
Feel free to point out any misinformation.
I’ve been covering Lyoness’ Ponzi scheme since 2012 – https://behindmlm.com/companies/lyoness-us-review-cashback-and-investment-returns/
Every article/review on BehindMLM is personally written and research by myself.
Unverifiable anecdotal stories like this don’t change the fact that Lyoness’ business model is that of a Ponzi scheme.
Whether you find Ponzi schemes a “great business” or not is neither here nor there. Other then it reflecting poorly on your character.
Does it matter? You invest in accounting units/shopping units/shopping vouchers/evouchers/benefit vouchers/whatever they call them tomorrow, get others to invest and steal their money.
It’s the same Ponzi model by different names for over a decade.
Facts are facts: Lyoness is a Ponzi scheme.
If you are covering the company since 2012 and you have so much mistakes in your comments, you are doing a pretty sh..ty job. Or you make an income from doing that.
^^ What “I can’t defend my Ponzi scheme” looks like.
If you keep crapping on about mistakes in the comments without bothering to name even one, it tells me you’re just making up stories and haven’t found any mistakes.
It also tells me you’re a 10th-rate human being.
1. Half the court cases info is either misleading, like they are not official authorities, or did not happen or similar to other big companies being fined by authorities, means nothing. Companies make mistakes, even the biggest, most reputable ones.
2. MyWorld does have a product. A free membership to save money, i personally can save 20 bucks cash and 70 bucks worth of shopping points in Canada on gas, grocery, etc. Very useful!
Another product is for merchants, a loyalty program. Partner or premium partner for 499 or 1499 dollars one time fee. Much cheaper than any other loyalty program on the market. You can find very positive merchant testimonials on the companys facebook page and other sources.
3. Another product is the Lyconet membership is also free, where people can make money based on the shopping and saving volume of their teams.
Simple, straight forward, details available in the compensation plan on the earlier mentioned lyconet dot com website on the bottom, click on compensation plan.
True, that you can buy courses, other products that helps you become better in mlm. But everything is clear and explained well.
Cheers
Lol @ the copium.
The cases are real, the authorities are official and what did or didn’t happen to other companies is irrelevant.
Also “we made a mistake” is not a legal defense for running a Ponzi scheme.
A free discount platform is not a retailable product or service.
Lyoness’ “product” is the investment positions. Always has been.
Seeing as we’re getting an influx of Lyoness shills, I take it the Ponzi scheme has spread to a new country?
edit: Yep, although it’s showing an overall decline, Alexa is pegging Russia and Macedonia as the top sources for Lyconet’s website.
MyWorld is also in decline but Alexa is showing the US, India and Hong Kong.
These might not all be new Lyoness markets (I know the US and India are former collapsed markets), but the uptick in recruitment in them is.
US and India collapsed???? Then why do i have a growing team in both countries.
Also check out their facebook pages, every myWorld country has their own. Or their own country specific websites from the main myWorld or Lyconet page with partner companies where members can save money.
Fyi, the canadian is here: (Ozedit: spam removed)
Replace en with fr and the canadian french version will come up. Thanks, but looks like the company is alive and well in every country. Including the ones you mention as banned.
So you are just proving to be wrong in every new comments. Soon noone takes you seriously.
Lyoness is a Ponzi scheme, they operare illegally in every country.
Whatever recruitment is going on in the US and India is recent, after the second Italian and Norwegian collapses.
The recruitment appears to have peaked and gone into decline, as evidenced by website traffic declining to the Lyconet and myWorld websites.
Same old story, unless new victims are found in another country Lyoness will go dormant till a new country of victims is found.
Italy has fined Lyoness twice for being a pyramid scheme. There’s still an Italian myWorld website up.
Norway banned Lyoness, they kept their Norwegian website up and another investigation was launched. Norwegian police dropped it due to a lack of resources on their end.
Lyoness was banned in Canada years ago and remains banned.
The onus is on countries to followup on regulatory bans. Lyoness continuing to operate illegally isn’t evidence of legitimacy.
This won’t end till Austria shuts Lyoness and Freidl down.
You yourself sound like the typical new Lyoness affiliate. Full of optimism and excuses.
If you can’t recruit new victims into the scheme, sorry for your loss.
Okay. Makes no sense to argue with you. I am in Canada and myWorld is very much alive. Including Lyconet.
(Ozedit: recruitment spam removed)
I focus on Lyconet members and merchants to sign up.
You just totally disqualified yourself from this conversation.
Again, a business operating illegally in a country is not legitimacy.
I might be mixing up Lyoness with another earlier scam I reviewed. I went looking for the Canada ban article and couldn’t find it.
It popped into my head as I distinctly remember arguing with some long gone scammer who insisted that despite the ban whatever company it was was legal in Canada. Similar to Lyoness in Italy and Norway.
In any event Lyoness isn’t registered with any Canadian financial regulator.
Best of luck with the scamming, see you when Lyoness collapses again In Canada. Or not.
Plenty of Canadian Lyoness scammers commented on our original Lyoness review. Naturally they all disappeared after the last Canadian collapse.
You might be new to Lyoness but this isn’t the first time it’s spread around in Canada.
I joined Lyoness in 2009.
You just comfirmed that you know a very little and that little is not even accurate.
Don’t do reviews then. Or talk to someone who knows the details. Goodbye.
Sure you did champ. For anyone reading along the take-away here is Roland has consistently dodged Lyoness’ fraudulent investment scheme.
Best of luck convincing people to invest in shopping vouchers, reaching your quotas and then stealing their money.
Just to help you being accurate on your review, and update it if it’s your interest to be true.
#1 myWorld’s Products
myWorld has no retailable products and services of its own, with affiliates only able to market affiliate membership itself (Premium membership).
#FACT: myWorld sells loyalty marketing programs and services to companies. Just look for it on footer’s website. That’s what affiliates must do: sell loyalty marketing programs to SMEs. Of course, by building teams (that’s why they have a network marketing model) they reach more SMEs, therefore more customers.
#2 – Cashback World provides access to discounts at various retailers. Whether myWorld uses a third-party discount platform has never been clarified.
#FACT – There is several ways: either by direct agreement through the loyalty program sold, online through affiliate platforms, agreement on by buying bulk gift cards, etc.
#3 purchases made by a Cashback World affiliate’s recruited downline (whether downline customers also count towards an upline’s shopping points is unclear)
#FACT Every purchase made by affiliate itself, customers, other recruited members and their customers count. There is rules on the calculation, but it counts.
#4 The specifics of how shopping points are calculated is a guarded secret. To the best of my knowledge myWorld do not publish this information anywhere.
#FACT You must review the compensation plan and ask for enlightenment if you don’t understand. Which is normal since you’re not on the business.
But let me help: A comission for every purchase made on a partner (SME, online, etc) by myworld customers is agreed.
That percentage is split between Cashback, shopping points, marketing bonus and “administrative” comission.
#5 Marketing Bonus
As stated above, marketing bonus are generated through commission agreed by each merchant, and it’s up to 1% because it depends on the agreement. For SMEs is exactly 1% because you control the margin, but for example for some Online agreements or gift cards it’s less due to the agreed percentage is not enough and they prefer to give less marketing bonus and more Cashback and shopping points to customers.
Cool. That’s not a retailable product or service as far as the MLM opportunity goes.
Oh believe me I understand. myWorld is just garbage at providing documentation. They hide compensation details because it’s a Ponzi scheme.
You’re basically answering questions raised in the review, that have been raised because myWorld hides the information.
That’s still vague.
And, like every Lyoness/Lyconet/myWorld etc. affiliate, you ignored the account unit/shopping voucher/whatever they’re calling it now Ponzi investment opportunity.
I appreciate the effort but the review stands:
Addition to comment #24
The video mentioned by reader VIC TUM youtu.be/3IrS7tIyh6c no longer exists.
This video is still available:
youtube.com/watch?v=L3LjSfBwY8Y
PS: Unfortunately no screenshot possible because of copy protection.
We should remember a new company name. The 2017 founded Lyconet Holding GmbH in Graz (Austria) was renamed Glenside Holding GmbH in 2019. The first managing director was Mario Kapun, the current managing director is Paul Unterberger.
share-your-photo.com/226b266bee
northdata.de/Glenside+Holding+GmbH,+Graz/473485b
Mario Kapun from Klagenfurt in Austria does not wish to be contacted. On his website mario-kapun.com he does not give a phone number or email address, only a PO Box:
share-your-photo.com/4b28dd2e06
But a photo of him with the following description is available:
share-your-photo.com/8009721659
Why can’t Google find a photo of Paul Unterberger from Austria? Does he not want to be recognized? A public search for him without a photo could be unsuccessful. Who works for Hubert Freidl in several companies, however, makes a good decision if there is no photo of him on the Internet.
Quote from an article dated July 23, 2021:
share-your-photo.com/65e4700efa
derstandard.de/story/2000128386354/wie-lyconet-und-co-ihre-kunden-mit-rabatten-abzocken
Why did Hubert Freidl escape to the Principality of Monaco on the Mediterranean Sea at some point?
share-your-photo.com/8b94fbe992
linkedin.com/in/hubert-freidl-974024187/
The answer is simple. Monaco is the European Dubai. Anyone with a lot of money is welcome and protected by the princely family.
The Principality of Monaco is a tiny city-state with just 40,000 inhabitants and is not a member of the EU. By way of comparison, Graz in Austria, Hubert Freidl’s hometown, has a population of around 290,000.
With his yacht SH MAGIC he can escape from Monaco at any time in case he is chased by the police:
share-your-photo.com/a5a73e9b10
But he could also escape in his LearJet75, which is labeled LYCOAIR:
share-your-photo.com/c39f9e5275
There are rumors that Hubert Freidl also owns a feudal residence in London…
superyachtfan.com/yacht/sh-magic/owner/
That’s totally absurd when someone said to me that this shit is going to live in the stock market.
How does it takes to crash in Europe, I’m from Malaysia a southeast Asia small Country, Currently this shit is coming from us.
Why i want to ask for the crash, is because i want to see somemone stupid to wake up
Every now and then we get a headline like “Hubert Freidl facing 9000 years in prison!” out of Austria. I’ve stopped paying attention.
European authorities for the most part are hopeless at regulating Ponzi schemes. And so Lyoness keeps jumping from country to country causing widespread losses.