Two civilians have managed to get Lyoness’ bank accounts in South Africa frozen. As reported by MoneyWeb on September 1st; The application was brought on Sunday evening by Jianliu Lin and her husband Adriaan van den Bergh, both members of the multi-level marketing scheme. The ex parte (where the court hears only one side of […]
Lyoness’ accounts frozen in South Africa, Ponzi lawsuit Read More »
Lyoness has received another cease and desist from the Norwegian Lottery Board. As per a March 15th press-release, the Lottery Board writes We’ve received many tips that they (Lyoness) have started up their business in Norway again. They are not allowed to do that. Do not trust the information the company and the Norwegian representatives give
Lyoness scammers continue promoting in Norway, warned again Read More »
The FTC has issued at least 379 MLM companies with deceptive and/or unfair conduct notices. This was announced by the FTC on October 26th. If it slipped under your radar, you’re not alone. I learned of the FTC’s announcement via a tip sent in by a reader. At first I thought there was some funny
FTC sends 379 MLM companies deceptive/unfair conduct notices Read More »
Lyoness has lost a five-year defamation lawsuit brought against two bloggers in Poland. The suit pertained to articles published under the pseudonym “antylyoness” on the “blox.pl” website from 2013. As reported by CMWP, the Press Freedom Monitoring Center of the Polish Journalists Association, all but one charge against the bloggers were dismissed early on. The
Lyoness loses blogger defamation lawsuit in Poland Read More »
Polish prosecutors have seized $6.4 million from Lyoness’ bank accounts. The accounts were held with ING Bank Slaski SA and contain a mix of euros and zloty (PLN). As per a notice issued to Lyoness victims in Poland, Warsaw Prosecutors concluded an investigation into Lyoness Europe AG. The investigation began on January 1st, 2020, and
$6.4 million seized from Lyoness by Polish prosecutors Read More »
Lyconet has been added to the Central Bank of Russia’s illegal company blacklist. As per the Central Bank, it has established the Lyconet exhibits “signs of a pyramid scheme”. As a result, the Central bank states Lyconet is engaged in “illegal activities”. Lyconet was added to the Central Bank’s blacklist on June 1st, 2021. Lyconet
Lyconet pyramid scheme warning issued by Russia Read More »
Lyoness’ eCredits spinoff has received a securities fraud warning from Liechtenstein’s Financial Market Authority. In their brief warning, the FMA points out that ECR AG in Liquidation, Vaduz, has not been licensed by the FMA and therefore is not allowed to provide any financial services that are subject to authorisation under Liechtenstein law. In particular,
Lyoness’ eCredits issued Liechtenstein securities fraud warning Read More »
Norway evidently doesn’t have a regulatory body capable recovering consumer losses from Lyoness. That has left Lyoness’ Norwegian victims facing the prospect of suing the company as civil plaintiffs. Enter the law firm Brækhus and their proposed victim class-action. Brækhus has currently assembled thirty Norwegian Lyoness victims for their lawsuit. Together these former affiliate investors
Lyoness recovery class-action in Norway hits potential roadblock Read More »
In a recent Lyoness webinar, company Hubert Friedl made the claim that Deloitte had valued Lyoness at over a billion dollars. BE Conflict Management reached out to Deloitte for confirmation, only to have them deny Hubert’s claim. Friedl’s valuation claims appear to be hype marketing as part of Lyoness’ recently announced plans to list itself
Deloitte denies Freidl Hubert’s billion dollar Lyoness valuation Read More »
Silvio Spangl was a Lyoness promoter for nine years. He rose to President, Lyoness’ highest distributor rank. As part of his leadership, Spangl focused on growth of Lyoness across the Americas. He claims to have had over 250,000 distributors in his downline. Last year Spangl left Lyoness. As part of legal efforts to get Lyoness
Top Lyoness distributor suing over position sale Read More »
