Lyoness @ BehindMLM

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 [Continue reading…]

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).

Norwegian police drop Lyoness case due to lack of resources

Oslo police have decided it’s not worth pursuing an investigation into Lyoness. Audun Kristiansen, a prosecutor at the joint unit for intelligence and investigation, told E24 In light of the current situation and that the case will require considerable resources over a long period of time, we consider it necessary to allocate resources elsewhere. Last [Continue reading…]

Lyoness using real-estate returns to solicit investment?

Lyoness appear to be gearing up to use passive real-estate returns to encourage shopping unit investment. The news broke on March 28th, via a webinar featuring CEO Hubert Friedl.

Lyoness a pyramid scheme in Poland

Poland’s top consumer protection agency has ruled Lyoness is a pyramid scheme.

Lyoness reported to Norwegian police for criminal offenses

The Norwegian Gaming Board has reported Lyoness to local police. The regulator suspects Lyoness, who also operates at Lyconet and Cashback World, has committed “criminal offenses” across the country.

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.

Lyoness President claims “pushing shopping is a mistake”

A top Lyoness distributor, who claims to have over 2 million members under him, has admitted “focusing on shopping is a mistake”.

Lyoness victims able to recover 2007 to 2012 losses

As part of a consumer protection ruling in Austria, Lyoness has been ordered to compensate victims with interest. The ruling covers Lyoness victim losses on investments made between 2007 to 2009 and in 2012.

Lyoness loses second Norway appeal, permanently banned nationwide

The Norwegian Gaming Board has rejected Lyoness’ second appeal, resulting in the Ponzi scheme being permanently banned in Norway.