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It is typical for Lyoness to play down in an “initial assessment” the decision by the Norwegian regulatory authority. As a matter of fact, Lyoness has been targeted by the Norwegian regulatory authority already since 2013, which I have also reported on in blog entries of June 6, 2014 on this website.

The Norwegian authority is unmasking Lyoness by making it clear that the shopping community with their Cashback Card is used as a “mask for the acquisition of new marketers” for the Lyconet business, which is Lyoness’ real source of revenues. The revenues from newly acquired “Lyconet marketers” and sales of the Clouds, which used to be country-, business- and premium packages, constitute with a share in revenues of more than 90% Lyoness’ main source of income. “The competent authority, which can be literally translated as ‘lottery authority’, has announced in publications on January 11, 2017 a formal decision to prohibit any business activities by Lyoness in Norway. The reason is that the authority has concluded that Lyoness is an illegal snowball system and pyramid scheme.

Lyoness can avoid this formal decision, which would entail criminal charges, by discontinuing its operations in Norway within four weeks. In the 16-page publication, which can be retrieved under the following link https://lottstift.no/wp-content/uploads/2018/01/Lyoness-varsel-om-vedtak-med-palegg-om-stans-av-virksomheten-i-Norge-jan2018.pdf (but only in Norwegian), the authority explains that merely less than 10% of Lyoness’ revenues in Norway in 2016 emanated from the sale of goods and services. The lion’s share of revenues was generated by selling shares in “customers clouds” and “discount vouchers”, which participants can supposedly use to take part in future purchases. In fact, payments to members are being financed through the acquisition of new participants for the system.

So, it is a classical snowball system and pyramid scheme, which is illegal according to §16 of the Norwegian “Lottery Act”. Through this decision also Directive 2005/29/EC concerning unfair business-to-consumer commercial practices is implemented, meaning that there is a standardized regulatory framework within the EU and the EEA on this matter (source: attorney Dr. Schöberl/Vienna).

The Federal Trade Commission's Office of Public Affairs and Consumer Financial Protection Bureau are informed. I hope these authorities respond.

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Guest

New Swiss Judgement of 4 June, 2019 - Legal Disaster for Lyoness: http://www.bekm.us/new-swiss-judgement-of-4-june-2019-legal-disaster-for-lyoness/ More information at: https://youtu.be/p8dhm28F3lI

Guest

How can you get your money back from Lyconet? I have tried to get a refund but with no success.

Cash Back World is a SCAM big time!! I am not certain how we Americans who got involved with Cash Back World and Lyconet can ever get our money back.

There must be someway, like a class action lawsuit. I appreciate some input.

Guest
reply icon Replying to comment of Guest-1728309

Contact Miami based Ben Ecker. Get all your MONEY BACK under Austrian ‘Commercial Court of Vienna’ judgement against Lyoness T&C’s, in favour of all victims across the world. Contact Ben Ecker at BE Konflict Management at: info@***.eu or www.bekm.eu See how: https://youtu.be/x6JXcPaSXAE

Guest

Get all your MONEY BACK under Austrian ‘Commercial Court of Vienna’ judgement against Lyoness T&C’s, in favour of all victims across the world. Contact Ben Ecker at BE Konflict Management at: info@***.eu or www.bekm.eu See how: https://youtu.be/x6JXcPaSXAE

Guest

What a BUNCH OF SCAMMING GRUBS!Their well trained and brain washed recruiters called LYCONET MARKETERS are looking to SCAM you.STAY WELL AWAY and report them all to the Regulators!!

Guest

BANNED IN NORWAY!Lyoness Norway AS with current decision of 31.05.2018 finally banned in Norway!Lyoness shall immediately cease all business, shareholdings and dissemination activities in Norway, as it violates § 16 (2) of the Lotteries Act!The decision of 31.05.2018 is addressed to myWorld Norway AS (formerly Lyoness Norway AS) and Lyoness Europe AG, but it also affects about 152,000 Norwegian members and 1,000 Norwegian traders, which Lyoness has indicated in its revenue stream.For the full decision and story go to:http://behindmlm.com/companies/lyoness/norway-reaffirms-lyoness-illegal-pyramid-scheme-decision/

Guest

The only way for make money in Lyoness/ Cashback World/ now called ‘myWorld’ is to join as an independent LYCONET MARKETER and SCAM your family and friends into buying ‘Booked Accounting Units’ in the Balance and CLOUD Programs and then get them each to SCAM their family and friends to do the same and on and on it goes. It’s been judged a PYRAMID Scheme in many EU country’s.DONT SCAM YOUR FAMILY AND FRIENDS TO MAKE MONEY!!

Guest

It is likely that Freidl's grand plan was to run his PYRAMID / PONZI scheme across many international markets until the business could go no further then bankrupt the international markets and steal the down payment investments that millions of businesses and consumers have invested into the scheme.Now is the time to file your complaint with the authorities if you want to recover the money before it is too late.The authorities can only act on the information obtained by victims of Lyoness.

Guest

DEFINITION OF STUPID- Knowing the Truth.- Seeing the Truth.- But still believing the LIES!!Are you a Lyconet Marketer??

Guest

Freidl and his Presidents men are looking for more money to fund their lavish lifestyles and searching for new SUCKER investors in their latest Lyconet PYRAMID Scheme being promoted as ‘Limited Edition Discount Voucher for the German Customer Cloud’.BE CAREFUL!!

Guest

I always knew this, but I was ridiculously accused of being a traitor to Lyoness. Thank you Norwegian Authorities for your findings. Let’s hope the Australian

ACCC will look at the case and implement the same decission.

Norway has done all the hard work...

We encourage you to send your experience of Lyoness to the ACCC many of us are doing this with a hope to start another investigation...

Guest
reply icon Replying to comment of Guest-1427471

Anyone who has the information about Lyoness should tell the authorities. The best way to help

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