Silvio Spangl was a Lyoness promoter for 9 years. He rose to President, Lyoness’ highest distributor rank.
As a part of his management, Spangl targeted on progress of Lyoness throughout the Americas. He claims to have had over 250,000 distributors in his downline.
Final 12 months Spangl left Lyoness. As a part of authorized efforts to get Lyoness to pay him for his place, Spangl just lately gave two interviews with BE Battle Administration.
Spangl’s first interview was uploaded to Be Battle Administration’s YouTube channel on April twenty third, 2021.
Half two was uploaded on April twenty seventh, nonetheless there appears to be a while distinction between the 2 interviews (I believe the primary one was shot a lot earlier).
On why he left Lyoness, Spangl claims he started questioning the corporate in 2018.
[1:32] Once you do a basic math primarily based on all these clouds, for instance, this cloud system was altering so many occasions.
[2:35] When this cloud enterprise began rolling, there was one idea after which they modified it into one other idea.
To enterprise cloud then enterprise and that, it modified so many occasions that hardly somebody might perceive it anymore.
I believe the most important downside was that individuals misplaced focus as a result of no one knew anymore, “OK what’s the focus now? What’s our product?”
I believe purchasing quantity is ultimately the final precedence on the checklist. And if we don’t have purchasing quantity then this complete factor is popping right into a typical, how individuals would say, pyramid.
So that is the explanation (in) 2018 I began pondering, “How ought to we transfer ahead?” As a result of this can’t exist for much longer the best way the way it was present.
It will definitely changed into (a) cash accumulating membership each few months.
Final 12 months in Could I made a decision I had no guts to help one thing like this. I jumped out.
Spangl maintains there’s no animosity in the direction of Lyoness founder Hubert Freidl from his facet.
Since leaving the corporate nonetheless, Friedl has despatched Spangl a number of ominous sounding messages:
Spangl describes Friedl’s messages as “bizarre”.
BehindMLM printed its first Lyoness evaluation in Could 2012.
The primary time this occurred I added Lyoness to my evaluation checklist and when the time got here went over their website to start out my analysis.
Just a few hours and a large headache later, I closed my browser window and gave up.
I concluded that Lyoness had put so little thought and energy into the coherency of explaining their enterprise, that it merely wasn’t price my time to attempt to perceive the enterprise mannequin.
I retrospect it was a lot simpler to dissect Lyoness’ MLM alternative again then.
You had a cashback purchasing community, which was basically a entrance for an “accounting unit” scheme.
Over time I’ve revisited Lyoness. And every time issues have gotten an increasing number of complicated. Purchasing items, purchasing vouchers, cloud positions, the failed eCredits crypto scheme, real-estate returns… on and on it goes.
Spangl claims Lyoness’ frequent migration from one shiny ball to a different was a big a part of his choice to depart.
[8:31] I believe the most important downside on this complete enterprise was that, both Hubert or the entire management on the company facet, they weren’t capable of deal with one factor for longer than 3 months.
It was altering on a regular basis. On a regular basis one thing new. Now let’s do that, let’s try this.
It’s completely with none plan.
And now the newest plan with (the) inventory market and and and and… I imply it’s such a delusion as a result of this firm is mild years away from inventory market.
Initially I assumed Lyoness was entering into buying and selling, however somewhat the corporate is floating going public.
And, in opposition to a backdrop of a cashback platform no one is pushing, that potential itemizing is getting used to proceed soliciting funding.
Spangl goes on to explain Lyoness’ promoting of digital shares.
[9:48] What I don’t perceive you already know, at the least within the US and I believe in Europe it’s not completely different, if you wish to current and promote some shares or future shares or nonetheless they name it, one thing must be finished. It must be ready.
And promoting shares forward of time and also you don’t even know … there’s nobody paper about inventory market or getting ready or licenses or no matter.
It is a gigantic course of to get an organization on the inventory market. For me it sounds fairly unlawful.
Certainly, be it within the US or elsewhere, promoting unregistered securities is against the law.
However hey, give it just a few months and as soon as cash has been handed over and digital share allocation has been recorded someplace, that’ll most likely be the final anybody will hear of it.
Then there’ll be some new ruse to pitch to new potential buyers.
Two different attention-grabbing tidbits from Spangl’s interview are that
- Lyoness was just lately fined $23 million for tax fraud in Turkey; and
- Hubert Friedl has reduce worker salaries by 20% to pay for the Feb 2021 Italian pyramid scheme fantastic.
How a lot Spangl made taking part in a fraudulent funding scheme for 9 years, or how a lot he offered his place to Lyoness for, isn’t disclosed.
Trying ahead, Spangl stays skeptical about Lyoness’ future.
[11:06] The very fact is this complete neighborhood shrunk to (a) minimal. I nonetheless have a whole lot of pals in America, I get a whole lot of data (about) what’s happening.
Once I see what Profession ranges after this new system the place you want only a half quantity for principally (the) identical profession degree.
I imply that is peanuts what’s coming in for the corporate on one facet. And the variety of lively entrepreneurs is, it’s so small, it’s so tiny that I don’t suppose it may well survive for much longer.
Spangl claims leaders nonetheless in Lyconet are in denial as a result of they’re being “manipulated”.
[12:20] I do know it very effectively as a result of these Presidents who’re nonetheless within the enterprise, they may let you know solely one of the best of one of the best.
No matter I’m saying they may say, “OK it is a lie”. So individuals don’t have a risk to get information about (the) actuality of what’s actually happening backstage.
In negotiating his exit from Lyoness, the corporate reserved first proper to purchase Spangl’s place.
Lyoness purportedly exercised this proper however as of but hasn’t paid Spangl for his place.
Spangl describes his exit contract from Lyoness as a “mafia contract”.
The “blackmailing doc” prohibited Spangl from selling any MLM associated enterprise for 20 months.
Spangl says he signed anyway as a result of he needed out.
After the contract was signed, Spangl claims Lyoness and Friedl ghosted him.
Seven to eight emails have been despatched with no response. This prompted Spangl to ultimately pursue authorized motion.
To that finish Spangl has engaged BE Battle Administration as a part of his authorized illustration.
