Breaking Lyoness News: Lyoness Pyramid Scheme Case Thrown Out Of Federal Court

Lyoness welcomes court dismissal of ACCC pyramid scheme case

Lyoness, the LOYALTY card shopping company, has won a court case against a governmental consumer watchdog group in Australia, which accused the company of operating a pyramid scheme.

Lyoness released the following statement:

23 October 2015

Lyoness welcomes court dismissal of ACCC pyramid scheme case

Lyoness, the international customer shopping network, welcomes the decision today of the Federal Court of Australia dismissing the claims of the Australian Competition and Consumer Commission (ACCC) that the Lyoness Loyalty Program was a pyramid scheme and involved unlawful referral selling.

Lyoness has at all times denied the allegations and defended the Court proceedings.

“Lyoness welcomes the judgement. At every stage we have wholly rejected the allegations raised by the ACCC,” said James O’Sullivan, Lyoness Managing Director for Australia.

“As a company, Lyoness is committed to compliance with consumer laws in every country we operate in”.

“We look forward to continuing to provide a great shopping and loyalty experience for our members and merchants,” James concluded.

Lyoness thanks its members and merchants for their continuing support.

But wait there is more… 

What Is The Lyoness SME Program And How Does It Work?

Lyoness Cashback - Money Back With Every Purchase - Lyoness US

There is much that can be found online about the Lyconet shopping community. But I have found very little about the Lyoness SME community and I want to focus on this element of the Lyoness International business model.

A month or so ago I was able to sit down with Craig Shapiro and John Constino who work hand in hand with Lyoness Americas new CEO Iain Bratt, building and developing the Lyconet Shopping Network and Lyoness SME communities. These two give an in-depth look at how the two communities work in tandem together to create a solid business model.

Now hearing only from the leadership in a company, isn’t very fair, so I went looking for some testimonials from actual SMEs in America to see what their thoughts are. Please understand I found these on a Lyoness YouTube channel.

As we all know there may also be stories of merchants who do not feel the SME program worked well for them. I believe as with everything, there are pros and cons and individuals should dig deep to see if a program will work for them.

Here is one community where a variety of merchants, restaurants, construction, gas stations, tire companies and herb shoppe are SMEs in the Lyoness Shopping Community. What caught my attention is ALL of these testimonials are by the real people, not paid actors.

Australia Consumer Affairs Investigates Pyramid Allegations What Does This Mean?

Angle Of Justice

Over the last week or so I have read a boatload of commentary as well as the formal allegations raised by the Australian Competition & Consumer Commission.  The ACCC is similar to the FTC in the USA. My stance is that when an investigation is launched, that it is a good thing for the consumers, the independent professionals as well as the company for the following reasons.

Behind MLM Reports: Lyoness under police investigation in Sweden

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…]

Source: Lyoness under police investigation in Sweden

Read the full article and join in the discussion over at BehindMLM.

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Behind MLM Reports: Poland’s OCCP: “Lyoness is a Ponzi scheme”

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 […]

Source: Poland’s OCCP: “Lyoness is a Ponzi scheme”

Read the full article and join in the discussion over at BehindMLM.

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Behind MLM Lyconet Review: Separating AU investment from merchants?

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 […]

Source: Lyconet: Separating AU investment from merchants?

Read the full article and join in the discussion over at BehindMLM.

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Lyoness Field Leader Silvio Spangl Came From Austria To Help Grow Lyoness America Why?

What would cause a Lyoness leader from Austria to come to America to help open the country to a new company and business model? Silvio Spangl saw something in the American opportunity that caused him to leave his exotic sports car shop behind, and take the risk here in the USA.

What makes Sivlio Spangl different than some of the IBRs in Lyoness America is the fact he is also Small Merchant inside the shopping network.

Spangl Car Performance  Lyoness Benefits

 

You can find additional Lyoness America articles below:

July 22nd, 2013Is Lyoness America Violating Pyramid, Ponzi and Business Opportunity & Securities Regulations?

September 12th, 2013 – Lyoness America Responds To Accusations Of Violations To Ponzi, Pyramid, Business Opportunity and Security Regulations: Pt. 1

September 25th, 2013 – Lyoness America Responds To Accusations Of Violations To Ponzi, Pyramid, Business Opportunity and Security Regulations: Pt. 2

October 9th, 2013 – Lyoness America Responds To Accusations Of Violations To Ponzi, Pyramid, Business Opportunity and Security Regulations: Pt. 3

January 9th 2014 – Network Marketing Pro, Glenn Sparks Shares With MLM Helpdesk His Insights Into Lyoness America

January 20th, 2014 – Who is Lyoness USA Top Female IBO Dr. Stephanie Nielsen?

 

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