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Lyoness – Scam Review

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Lyoness’ bank accounts in South Africa have been stopped by two individuals.

MoneyWeb reported on September 1st; Jianliu Lin and her husband Adriaan van den Bergh, both members of the multi-level marketing scheme, applied on Sunday evening.

The ex parte action was filed late on Sunday so that Standard Bank may be served with the injunction first thing on Monday (29 August) to prohibit any transfer of monies out of the company’s bank account.

Lin and van der Bergh claim they filed their application “in the public interest” because they believe Lyoness is a Ponzi scheme.

Lin positions herself as a victim, despite appearing to be a key proponent of Lyoness in South Africa.

Lin was appointed vice president in 2018 and invested R6.1 million.

Lin recounts how she sent another R4.5 million to the same Standard Bank account, in exchange for 594.66 ‘Enterprise Clouds’ valued at R7 500 apiece.

“What I have seen is that Lyconet appears to continually rebrand the different items,” she writes in her affidavit. “As soon as I am due to a refund in respect of the points, there is a name change, and the branded products no longer exist, and I receive no compensation.”

“I am completely entrapped. I can honestly tell that I am not willing to accept to Lyconet’s ongoing rebranding and conversion of its products. Lyconet has enslaved me. Either I check the box or I lose everything.”

Lyoness depleting the R300 million kept in their South African bank accounts to barely R11.4 million over a few weeks in June 2022 ($17.4 million down to USD 664,467) sparked the ex-parte freeze application.

Hubert Freidl, the company’s owner, operates Lyoness and its affiliated firms from Austria (right).

The authorized freeze will be effective for 120 days.

Lin and Van den Bergh’s counsel alleges that complaints have been filed with the FSCA, the FIC, and the Pretoria police. They are hoping that authorities would look into “where the money went.”

Lyoness, like its investment programs, often changes corporate names. Even though Lyoness is its most well-known name, the Ponzi scam is also known as Lyconet, CashBack World, and world.

Whatever Lyoness recruiting was taking place in South Africa has long since ended. According to SimilarWeb, South Africa is not a significant source of the traffic to any of Lyoness’ websites.

Lyoness as myWorld was last evaluated by BehindMLM in February 2021. Recently, the Ponzi fraud has returned to Europe.

According to SimilarWeb traffic statistics, a recent recruiting surge in the Czech Republic and Germany has peaked. New Lyoness investors are being sought in Poland and Greece.

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