Daniel Gergics (a Lyoness President) has a problem.
So many people now associate the word 'Lyoness/Lyconet/Cashback World/MyWorld' with a Ponzi Scam that he's had to change the name of his Lyconet Events to 'President Freedom'events instead.
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Daniel changed Lyconets name because nobody knows the term 'PresidentFreedom'.
It has no 'reputation' (unlike Lyconet) and it doesn't show up on Google searches...bet it will now.
This is Daniels video where he explains how to take peoples money simply by changing the companies name:
https://drive.google.com/file/d/1_ZI5RooHtQ7vXw8xk7RIrjcfbFLpC-Yu/view?usp=sharing
And once he gets people to part with money and climb the 'career ladder' of Lyconet:
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...he openly discusses the 'Shopping opportunity's' and how to make money:
Shopping: up to 5% cashback (CB) + shopping points (SP) after every transaction
2 WAYS TO MAKE MONEY
You build your shopping network where people save money and collect shopping points and you make money after every SP created in your entire organisation. The more shopping points created each month the higher your income.
Do you know anyone who would love to make money passively while millions of people do their shopping? Is that maybe you? Here’s an opportunity without necessarily recruiting other people to get a share of global projects which could grow to the size of visa today. The only thing required is to do shopping on your daily necessities without restricting any brands or type of products. But I’m sure that many of your friends would be interested in this option which would highly increase your potential passive income...'
Or in other words, the 'business' of PresidentFreedom/Lyconet etc is to recruit as many people as you can..who also recruit as many people as they can...who also recruit as many people as they can...etc etc etc .
Classic Ponzi scam.
I've previously covered in detail the lies that Cashback World tell about their so called 'merchants' but I'll cover it again quickly here as background:
Cashback World state on their website that all of these Retailers are 'Loyalty Merchants', but they aren't.
I've personally contacted all of the names highlighted below and they all say that they are definitely NOT merchants - they just sell Cashback World discounted gift vouchers.
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So the Cashback'1.5%'written on this Tesco page on the Cashback World website infers that Tesco give out 1.5% Cashback - when they 100% don't.
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This is the message we received from Tesco's stating absolutely that they are NOT a loyalty merchant:
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'Cashback World' pays out Cashback to its members via multiple income streams generated
via the Lyconet Career programme, SME membership fees, members who pay full price for discounted Gift Vouchers and the main cashcow - Enterprise Clouds.
Thousands of people have lost money!
Read some of the stories here:
https://lyoness.pissedconsumer.com/review.html
And the full story of the Cashback World Merchant lies is told here:
https://taratalkstoday.blogspot.com/2018/04/lyoness-cashback-world-falsely-claiming.html
Daniel seems to have taken up the scam mantel from his Dad, a seasoned veteran of Lyoness/Lyconet, he's been involved since it's inception in 2003.
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….. Contracts closed on the basis of an unfair snowball system are ethically unacceptable…..
So many people now associate the word 'Lyoness/Lyconet/Cashback World/MyWorld' with a Ponzi Scam that he's had to change the name of his Lyconet Events to 'President Freedom'events instead.
Daniel changed Lyconets name because nobody knows the term 'PresidentFreedom'.
It has no 'reputation' (unlike Lyconet) and it doesn't show up on Google searches...bet it will now.
This is Daniels video where he explains how to take peoples money simply by changing the companies name:
https://drive.google.com/file/d/1_ZI5RooHtQ7vXw8xk7RIrjcfbFLpC-Yu/view?usp=sharing
And once he gets people to part with money and climb the 'career ladder' of Lyconet:
...he openly discusses the 'Shopping opportunity's' and how to make money:
Shopping: up to 5% cashback (CB) + shopping points (SP) after every transaction
2 WAYS TO MAKE MONEY
You build your shopping network where people save money and collect shopping points and you make money after every SP created in your entire organisation. The more shopping points created each month the higher your income.
Do you know anyone who would love to make money passively while millions of people do their shopping? Is that maybe you? Here’s an opportunity without necessarily recruiting other people to get a share of global projects which could grow to the size of visa today. The only thing required is to do shopping on your daily necessities without restricting any brands or type of products. But I’m sure that many of your friends would be interested in this option which would highly increase your potential passive income...'
Or in other words, the 'business' of PresidentFreedom/Lyconet etc is to recruit as many people as you can..who also recruit as many people as they can...who also recruit as many people as they can...etc etc etc .
Classic Ponzi scam.
Cashback World state on their website that all of these Retailers are 'Loyalty Merchants', but they aren't.
I've personally contacted all of the names highlighted below and they all say that they are definitely NOT merchants - they just sell Cashback World discounted gift vouchers.
So the Cashback'1.5%'written on this Tesco page on the Cashback World website infers that Tesco give out 1.5% Cashback - when they 100% don't.
This is the message we received from Tesco's stating absolutely that they are NOT a loyalty merchant:
'Cashback World' pays out Cashback to its members via multiple income streams generated
via the Lyconet Career programme, SME membership fees, members who pay full price for discounted Gift Vouchers and the main cashcow - Enterprise Clouds.
Thousands of people have lost money!
Read some of the stories here:
https://lyoness.pissedconsumer.com/review.html
And the full story of the Cashback World Merchant lies is told here:
https://taratalkstoday.blogspot.com/2018/04/lyoness-cashback-world-falsely-claiming.html
Daniel seems to have taken up the scam mantel from his Dad, a seasoned veteran of Lyoness/Lyconet, he's been involved since it's inception in 2003.
In Daniels public blog: http://presidentfreedom.com/about-me/, he talks about his father and his 'business' in detail:
'...When I was 15 my father made a bad business decision which left us in a desperate situation. Everything was gone including family savings and the house. I remember those mornings when only me and my brother had breakfast. My parents had to count every penny just to survive. This went on for years. It seemed like decades that we lived hand to mouth from one day to another with no hope for a better future.
One day my father got a phone call from a businessman. He wanted to meet him in Austria. Unfortunately, my parents did not have enough money to drive there, so my father had to ask him if there is a possibility he come to Budapest and meet up there. The Austrian businessman turned up the next day. He shared a business concept which was supposed to be a new hit in the market. He said that it will be the biggest international cooperation and everyone will be interested. He said, those who join him and build this business could have a nice income passively. He looked at my father in the eyes and said: “If you say yes, I will establish the company and you can start tomorrow.” Everyone told him to be cautious and pay attention to this business and not to act preposterously.
But by the time I got to 19 or 20 realised that I couldn’t make ends meet and I had no free time. It was harsh to find out there wasn’t much money in my dream. I had a very-very long talk with my father, examined it deeply and got into the business 6 years after him. Thereby I could continue my dream job and got into entrepreneurship. For me these were the golden ages, I could follow my dream, had proper money and I was my own boss.
However, in 2011 I had to make a very hard decision. If I wanted to take it to the next level I had to move out of the borders of my country. I couldn’t juggle both with this and my media career, so I had to quit my 9 to 5 jobs. I started travelling – a lot – so I could help more people achieve financial freedom.
As a businessman in the UK I felt that as an Eastern-European I had a huge drawback. My accent pulled me back and native speakers didn’t take me seriously so I took elocution lessons. Everything takes sacrifices but at the same time everything is possible if you hold onto your goals. If you have purpose you can achieve anything, you are the creator of your own world.
I had everything: happy family, converging team, stable income, developing living standards. I was in the company’s Top 3 achievers, everybody looked up to me. I felt unique, I was on an ego trip, nothing can happen because I’m the best. Do you know the story of Icarus? The moral of the story is basically you can fall BIG from the top. In 2015 troubles came. I got betrayed, ripped-off, scammed in the middle of building a new house, a home for my two little kids. Yet again everything seemed to fall apart. I did not understand why life was giving me lemons. I started to point fingers, blame others, wondered where did everything go.
I needed to go deep down, I looked into the mirror and said to myself that this isn’t what was written for me. I started developing my personality and had to realise that all of it was my fault and I am fully responsible and only I can change the situation. I changed my mindset and set aside my ego because I wanted to show light to others who were in my shoes and simply just wanted to grow. I thought that if I achieved great things once, I can do that again and on a higher level. You shouldn’t focus on income at first, but find a project where you can help not only yourself, but others as well.
As I approached people in another way everything seemed to change. One day to the next, results came along with success and I had to realise this was a lesson from life for me to change for the better. I am grateful for all the misadventures and the ill-wishers who caused this because without them and all these experiences I couldn’t have taken my business to a higher level. Thanks to this I could have built an empire in 47 countries with 2,000,000+ members. My enterprise achieved over £1,000,000 in income before I turned 30 – an income that’s coming even while I sleep and dream about a brighter future.
My main goal today is to prove that with me and my team’s help it can be achieved by you too!'
'...When I was 15 my father made a bad business decision which left us in a desperate situation. Everything was gone including family savings and the house. I remember those mornings when only me and my brother had breakfast. My parents had to count every penny just to survive. This went on for years. It seemed like decades that we lived hand to mouth from one day to another with no hope for a better future.
One day my father got a phone call from a businessman. He wanted to meet him in Austria. Unfortunately, my parents did not have enough money to drive there, so my father had to ask him if there is a possibility he come to Budapest and meet up there. The Austrian businessman turned up the next day. He shared a business concept which was supposed to be a new hit in the market. He said that it will be the biggest international cooperation and everyone will be interested. He said, those who join him and build this business could have a nice income passively. He looked at my father in the eyes and said: “If you say yes, I will establish the company and you can start tomorrow.” Everyone told him to be cautious and pay attention to this business and not to act preposterously.
But by the time I got to 19 or 20 realised that I couldn’t make ends meet and I had no free time. It was harsh to find out there wasn’t much money in my dream. I had a very-very long talk with my father, examined it deeply and got into the business 6 years after him. Thereby I could continue my dream job and got into entrepreneurship. For me these were the golden ages, I could follow my dream, had proper money and I was my own boss.
However, in 2011 I had to make a very hard decision. If I wanted to take it to the next level I had to move out of the borders of my country. I couldn’t juggle both with this and my media career, so I had to quit my 9 to 5 jobs. I started travelling – a lot – so I could help more people achieve financial freedom.
As a businessman in the UK I felt that as an Eastern-European I had a huge drawback. My accent pulled me back and native speakers didn’t take me seriously so I took elocution lessons. Everything takes sacrifices but at the same time everything is possible if you hold onto your goals. If you have purpose you can achieve anything, you are the creator of your own world.
I had everything: happy family, converging team, stable income, developing living standards. I was in the company’s Top 3 achievers, everybody looked up to me. I felt unique, I was on an ego trip, nothing can happen because I’m the best. Do you know the story of Icarus? The moral of the story is basically you can fall BIG from the top. In 2015 troubles came. I got betrayed, ripped-off, scammed in the middle of building a new house, a home for my two little kids. Yet again everything seemed to fall apart. I did not understand why life was giving me lemons. I started to point fingers, blame others, wondered where did everything go.
I needed to go deep down, I looked into the mirror and said to myself that this isn’t what was written for me. I started developing my personality and had to realise that all of it was my fault and I am fully responsible and only I can change the situation. I changed my mindset and set aside my ego because I wanted to show light to others who were in my shoes and simply just wanted to grow. I thought that if I achieved great things once, I can do that again and on a higher level. You shouldn’t focus on income at first, but find a project where you can help not only yourself, but others as well.
As I approached people in another way everything seemed to change. One day to the next, results came along with success and I had to realise this was a lesson from life for me to change for the better. I am grateful for all the misadventures and the ill-wishers who caused this because without them and all these experiences I couldn’t have taken my business to a higher level. Thanks to this I could have built an empire in 47 countries with 2,000,000+ members. My enterprise achieved over £1,000,000 in income before I turned 30 – an income that’s coming even while I sleep and dream about a brighter future.
My main goal today is to prove that with me and my team’s help it can be achieved by you too!'
Daniel has changed the name of Lyconet for one reason only:
The company has been banned and branded a ponzi scam in numerous countries including:
Switzerland:
4th June 2019
…..In summary, the business model of the defendant (Lyoness) is an unfair snowball system, pyramid scheme or Ponzi scheme according to Art. 3 (1) lit. R. UWG…..….. Contracts closed on the basis of an unfair snowball system are ethically unacceptable…..
Norway:
'The (Norway) Lottery Authority has concluded that Lyoness is an illegal pyramid-based conversion system.'
4. June 2018
Austria:
'The judge Mathilde Beranek from the Commercial Court in Vienna, Legal Department 58.1 Vienna, convicted Lyoness as a snowball system and declared the company’s General T&Cs to be null and void (Case No. 581 Cg 44/16y-11).
and Italy:
The promotion system for the purchase model “Cashback” Lyoness Italy S.r.l. uses, is incorrect, because it is a pyramid scheme/snowball system, which the Consumer Protection Act classifies as a definitely misleading business practice.
Full report is here:
This is the current list of names for 'Lyoness'.
Every single one of them is the same scam:
'Lyoness'
'Lyconet'
'Cashback World'
'MyWorld'
'EventWorld'
'Eyetime'
'Cashback World Solutions'
'President Freedom'
I'll keep you updated when they change the name again...