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Thread: Lyoness

  1. #1
    Beacon is offline Antiauthoritarian skeptic
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    Lyoness

    Doesnt seem to be a discussion on this one. they seem to be fairly slick and around for a while.
    Admins please relocate/delete this iof ther already is a Lyoness discussion
    Lyoness - Wikipedia, the free encyclopedia
    Since 2003, Lyoness has been the registered trademark name for an expanding[3] group of globally distributed (mostly privately owned, limited-liability) corporate structures, which originated in Austria
    See also
    Complaint Centre Lyoness

  2. #2
    JustTooMuchTime is offline Senior Scambuster
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    Re: Lyoness

    There's a video about it in the Educational Videos section here, but not a thread specifically about it yet. Here's the video again:


  3. #3
    Beacon is offline Antiauthoritarian skeptic
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    Re: Lyoness

    yeah i saw that video but was surprised how Lyoness are going so strong today. They apparently sponsor a PGA golf tournament! The Austrian Open in now the Lyoness Open. That doesn't come cheap. and unlike other MLMs they file annual accounts and keep business addresses and take opposition into court. All this lends legitimacy.
    Lyoness - Wikipedia, the free encyclopedia
    Lyoness comprises at least 7 corporations registered in Switzerland
    ...
    The main corporation, then called ‘Lyoness Holding Europe AG’, was registered in 2003 by Iwan J. Ackermann, Max Meienberg and Uwe Proch
    ...
    In 2004, the publicly known CEO of Lyoness, Hubert Freidl, was hired by this corporation as a director
    ...
    Lyoness, in its entirety, has an estimated annual turnover of 1.2 billion euros (2012)
    ...
    One year after Lyoness was founded, in 2004, the Austrian criminal police (Kriminalpolizei) published an article[23] in the December issue of its organisation’s magazine, in which it warned for the resurfacing of Ponzi schemes and pyramid schemes in Austria. Lyoness was explicitly mentioned in this article. Lyoness contested the allegations publicly
    ...
    A critic from Zurich was reported to have been sued for over 1 million CHF for ‘defamation’ after he contacted Lyoness’ partner companies in Switzerland in an attempt to explain the business model of Lyoness to them.
    ...
    Given all the court and TV attention is it surprising this scheme hasn't really been strongly featured in the English language media. Or has it and I just missed the coverage?

  4. #4
    Char's Avatar
    Char is offline Senior Scambuster
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    Re: Lyoness

    Lots of info here; Lyoness Archives | BehindMLM

    Articles under the ‘Lyoness’ category:

    Lyoness under police investigation in Sweden
    Mar.18, 2014 in Lyoness 1 Comment
    Some time earlier, the Swedish Gaming Board opened an investigation up into Lyoness. While the Gaming Board carried out their investigation, a separate investigation was opened up in Norway and Poland’s OCCP declared Lyoness to be a pyramid scheme. Now the Swedish Gaming Board have concluded their investigation into Lyoness… and in doing so have [Continue reading...]

    Poland’s OCCP: “Lyoness is a Ponzi scheme”
    Feb.11, 2014 in Lyoness 25 Comments
    Following an investigation into Lyoness Europe AG, the Office of Competition and Consumer Protection in Poland are claiming Lyoness “can be a Ponzi scheme“. Not surprisingly, the OCCP’s claim relates to the accounting unit investment scheme Lyoness have buried within their merchant shopping network: The company offers participants the opportunity to receive material benefits that [Continue reading...]

    Lyconet: Separating AU investment from merchants?
    Feb.08, 2014 in Lyoness 17 Comments
    Up until now you had to invest a lot of time building your international shopping network. Networking and making appointments to introduce Lyoness took a lot of effort as well. These networking contacts had to be updated while taking care of your existing members. This was very time-consuming. Well, that’s why we’ve developed MyLyconet. -Lyconet [Continue reading...]

    DOJ issue end of year warning to Ponzi scammers
    Dec.21, 2013 in choosing a business, Empower Network, Lyoness, TelexFree, WCM777, Zeek Rewards 41 Comments
    Due to ongoing coverage of some the biggest Ponzi schemes that operate within the MLM industry, here at BehindMLM one of the more common questions we get is “why aren’t the authorities doing anything?” Some affiliate investors in such schemes even go so far as to use a lack of regulatory intervention as “proof” of [Continue reading...]

    Norway launch Lyoness “pyramid” investigation
    Dec.10, 2013 in Lyoness 33 Comments
    The Norwegian Gaming Board put out a press-release today, advising that they have launched an investigation into Lyoness. Tipped off by members of the Norwegian public, the Gaming Board plans ‘to assess whether (Lyoness) is an illegal pyramid‘. Among other things, the Authority received information that it costs 20,000 dollars to join Lyoness. We also learned that [Continue reading...]

    Lyoness corporate webinar spells out Ponzi scheme
    Jun.04, 2013 in Lyoness 48 Comments
    When I sat down to initially review Lyoness (the European version), I spent a few days trying to get my head around material that was obviously never written to be fully comprehended by your average MLM affiliate. When Lyoness launched in the US, they sought to remedy this by releasing slightly less confusing business model [Continue reading...]

    Lyoness CEO: “It’s all about positions!”
    May.30, 2013 in Lyoness 23 Comments
    Earlier this month news broke that Lyoness had begun to actively go after uploaded multimedia footage that made the company look bad. Falsely claiming copyright infringement, Lyoness filed multiple copyright infringement notices with YouTube who then took the videos down (they have a “no questions asked” policy on copyright infringement complaints, however the complaints can [Continue reading...]

    Lyoness 2012 Income Disclosure Statement analysis
    May.28, 2013 in companies, Lyoness 25 Comments
    The BehindMLM review of Lyoness (US) was written just over a year ago on the 5th of May 2012. Since publication of the review, over 1000 comments have thus far been left with the resulting discussion being largely cyclical in nature. Typically a Lyoness affiliate reads the review and then proceeds to leave a long-winded [Continue reading...]


    And here:


  5. #5
    littleroundman is offline Administrator
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    Re: Lyoness

    The only thing necessary for the triumph of evil is for good men to do nothing

  6. #6
    littleroundman is offline Administrator
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    Re: Lyoness

    Lyoness, cashback loyalty card operator, taken to court by ACCC over allegedly operating a pyramid scheme

    THE consumer watchdog is taking a popular loyalty card company to court for allegedly operating a pyramid selling scheme.

    Lyoness, an Austrian company founded in 2003, operates a ‘cashback’ scheme which provides rebates to members who shop through a Lyoness portal, use its vouchers or present their Lyoness card at participating retailers.

    A number of large brands participate in the Lyoness Loyalty Program, including Vintage Cellars, Overland, Oakley, Microsoft, First Choice Liquor, Liquorland, DealsDirect, Tyrepower and Barbeques Galore.

    According to the Australian Competition and Consumer Commission, although Lyoness has been investigated by regulators in other countries, this is the first court action taken against the company alleging that the Lyoness Loyalty Program constitutes a pyramid scheme.

    The ACCC also claims the conduct by Lyoness breached laws against ‘referral selling’, where a consumer is induced to buy goods or services by the promise of a commission or rebate contingent on a later event.

    WHAT IS A PYRAMID SCHEME?

    A pyramid scheme involves existing participants gaining a financial or other benefit from recruiting new members into the scheme.

    New participants are in turn encouraged to join largely by the prospect that they will be entitled to benefits relating to the recruitment of further new participants.

    Pyramid schemes may offer products and services, but making money out of recruitment is their main aim. The only way for a member to recover money is to convince other people to join up.

    This is in contrast to multi-level marketing schemes such as Amway, in which people can earn money by selling genuine products to consumers and not from the recruiting process.

    ACCC chairman Rod Sims told news.com.au: “The old days of simple pyramid selling don’t exist anymore, understandably. They’re complex schemes. The judgement we make at a high level is whether your money essentially comes from signing up other people rather than selling something of substance.”

    The most recent pyramid scheme to be targeted by the ACCC was accommodation site Jutsen in 2011. In that case, the court determined while the site offered accommodation, the most important inducement was making money by encouraging others to join the scheme, who then had to pay a fee

    LYONESS IN THE FIRING LINE

    While cashback offers themselves are not prohibited by Australian Consumer Law, the ACCC alleges that the Lyoness scheme also offers commissions to members who recruit new members who make a down payment on future shopping.

    According to Mr Sims, Lyoness had around 50,000 members in Australia as of May this year. “Our concern was that this scheme is growing rapidly — by the nature of a pyramid it can,” he said.

    The ‘premium’ membership, under which members can participate in what the ACCC claims is the pyramid recruitment side of the scheme, costs $3000.

    “$3000 is a good number, but there are all sorts of inducements and a lot of pressure on members to spend more and more money in the scheme,” he said.

    Under Australian Consumer Law, it is illegal not only to establish or promote a pyramid scheme, but also to participate in one in any capacity.

    Despite this, Mr Sims indicated individual members and the retailers themselves — some of whom had been encouraged to recruit new members — would not be targeted by the ACCC.

    The first hearing will be in Sydney on Tuesday 16 September.

    Lyoness has been approached for comment.

    NEWS.com.au
    The only thing necessary for the triumph of evil is for good men to do nothing

  7. #7
    littleroundman is offline Administrator
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    Re: Lyoness

    The only thing necessary for the triumph of evil is for good men to do nothing

  8. #8
    MLM Broken Model is offline Senior Member
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    Re: Lyoness

    It was just a matter of time. No surprises here unless you still believe in the tooth fairy. Most of the MLM plans out there are using a broken model, IMO.
    If your MLM program is not Product Based and Retail Sales Driven, it will eventually fail or get shut down.

  9. #9
    littleroundman is offline Administrator
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    Re: Lyoness

    The only thing necessary for the triumph of evil is for good men to do nothing

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    Re: Lyoness

    I am very glad to see the ACCC taking on the Lyoness scam.
    Rather fail with honor than succeed by fraud. - Sophocles
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  11. #11
    Realname is offline Member
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    Re: Lyoness

    Quote Originally Posted by MLM Broken Model View Post
    It was just a matter of time. No surprises here unless you still believe in the tooth fairy. Most of the MLM plans out there are using a broken model, IMO.
    If your MLM program is not Product Based and Retail Sales Driven, it will eventually fail or get shut down.
    Lyoness is based on a shopping service and most of their distributors/customers are happy to use it to get discounts and/or cashback offers. Most of them save money and do not lose and that's what makes the difference between lyoness and other failed MLM models!!!

  12. #12
    ribshaw's Avatar
    ribshaw is online now Nigerian Ministry
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    Re: Lyoness

    Quote Originally Posted by Realname View Post
    Most of them save money and do not lose and that's what makes the difference between lyoness and other failed MLM models!!!
    97.33% of distributors GROSS an average of $24.78 a year. Do anything more than brush your choppers and leave the house the affiliate has lost. Purrty much like any other MLM.
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

  13. #13
    littleroundman is offline Administrator
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    Re: Lyoness

    Google translation of an article appearing on Greeces' News247.gr

    The only thing necessary for the triumph of evil is for good men to do nothing

  14. #14
    littleroundman is offline Administrator
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    Re: Lyoness

    The only thing necessary for the triumph of evil is for good men to do nothing

  15. #15
    littleroundman is offline Administrator
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    Re: Lyoness



    KTIPP.ch (Google translated)
    The only thing necessary for the triumph of evil is for good men to do nothing

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