Lyoness International AG and Lyoness Europe AG are bankrupt. It has been proven in numerous court cases that the International Shopping Community is a pyramid scheme.
Leonis Italy reported the bankruptcy of both companies on Tuesday and confirmed that the two national companies, which operate independently of each other, remain active.
“The pandemic, the energy crisis and inflation have had profound impacts on our company in recent years. Unfortunately, management no longer sees itself in a position to continue to run Lyoness International AG and Lyoness Europe AG in this manner,” explained Christopher Thompson. Chairman of the Board of Directors of Lyoness International AG and Lyoness Europe AG, said in the press release.
Leonis in Austria myWorld Austria
Leonis says she makes one “International Shopping Community” as well as “Loyalty Program” and is represented in 19 markets.
In Austria, Lyoness Austria GmbH has been renamed myWorld Austria GmbH according to the “Firmencompass”. The group of companies founded by Hubert Friedel from Graz later came under this name “My World” and “The World of Cashback” on me.
Banned pyramid scheme
In 2020, the Vorarlberg Work Chamber also warned against Lyconet clones. At the time, the corporate group told APA that Lyconet International AG and Lyoness Europe AG were “two very different companies with their own business models.”
Leonis was in He was convicted in more than 400 trials They had to pay the affected people their money. Several courts in Austria have found this to be the case Banned pyramid scheme Represent.
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