Australian Court unmistakably declares: Lyoness is not a pyramid scheme.
In 2014 the Australian Competition and Consumer Commission ACCC began to investigate the business activities of Lyoness in Australia on the recommendation of competitors.
The investigation results of the ACCC were submitted to the Australian Federal Court whose decision is now clear: Lyoness is not a pyramid scheme and does not engage in unlawful sales activities.
"We were able to refute all accusations and clearly documented that Lyoness naturally respects the laws of the country," James O'Sullivan, Managing Director Lyoness Australia, is pleased to say about this court decision.
About Lyoness
The Lyoness group divides its three business areas into two brands: The Lyoness brand encompasses the shopping community and the loyalty program. Their target groups are consumers who want to save money by shopping with Lyoness (Cashback) and loyalty merchants who want to use an international multi-sector loyalty program. The Lyconet brand encompasses all network marketing activities of the Lyoness Group. Its target groups are self-employed people and companies. The Lyoness group is currently active in 46 countries on all continents. Over 5 million members enjoy the Lyoness benefits at over 50,000 loyalty merchants around the world. More at http://www.lyoness.com .
Contact:
James O' Sullivan
Managing Director Lyoness Australia Pty LTD
E-Mail: office@lyoness.com.au
Tel: +61-2-9007-1000
Source: Lyoness Europe AG
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