Lyoness has acquired one other stop and desist from the Norwegian Lottery Board.
As per a March fifteenth press-release, the Lottery Board writes
We’ve acquired many suggestions that they (Lyoness) have began up their enterprise in Norway once more.
They aren’t allowed to try this. Don’t belief the data the corporate and the Norwegian representatives offer you.
Lyoness, myWorld, Lyconet and Cashback are thought-about collectively as an unlawful pyramid-like buying and selling system, the place the earnings primarily comes from recruiting individuals.
To handle Lyoness working illegally in Norway once more, the Lottery Board despatched Lyoness and recognized “key Norwegian representatives” a stop and desist.
The Norwegian Lotteries Authority has acquired info that Lyconet and their Norwegian representatives are nonetheless working unlawful advertising actions for Lyoness, myWorld, Lyconet and Cashback in Norway.
Moreover, we’ve got acquired info that incorrect info is being unfold in regards to the legality of the enterprise.
The Norwegian Lotteries Authority takes the data we’ve got acquired very significantly and finds grounds to remind the corporate and the central Norwegian representatives who market Lyoness, myWorld, Lyconet and Cashback that the enterprise is to be thought to be an unlawful pyramid-like buying and selling system and ordered to be stopped in Norway.
The letter is distributed to Lyconet World AG who’re additionally requested to go it on to the named individuals, and some other key representatives of the corporate, which nonetheless operates for Lyconet in Norway.
Key Norwegian Lyoness representatives recognized by the Lottery board are Jimmy Larsen, Terje Duesund, Thor Hermansen, Frode Horvik and Arnt Obsidian Grønbech.
The Norwegian authorities declared Lyoness was a pyramid scheme in 2018. Lyoness exhausted their attraction avenues in 2019.
The Lottery Board claims it has recognized “nearly 15,000” Lyoness victims in Norway.
A number of thousand Norwegians are cheated. Some have used their financial savings and brought out loans.
The cash has gone to the enterprise, and key individuals who sit on the prime of the pyramid enterprise.
Sadly the Lottery Board claims it’s unable to help victims.
We get a number of questions from individuals who have misplaced cash on Lyoness.
We don’t have the authority to order the corporate to repay the cash. Those that need it should make claims towards the corporate.
That is in step with a Norwegian police investigation, which was deserted in 2020 on account of a lack of assets.
In 2021 thirty Norwegian Lyoness victims tried to get a class-action going. They have been roadblocked by the Oslo District Court docket in June.
There haven’t been any updates since.
Lyoness markets its MLM alternative as myWorld. Affiliate backoffice methods are offered by way of Lyconet.