Originally Posted by captain 26
Cristo98, funny that you are waiting over 3 years to get your 4000 back from Lyoness in UK. They only opened their office there in 2009 - 2 years ago. They dont charge to give you back your money. The only way to get your money back it to spend it with a Lyoness partner shop. How did you manage to "invest" 4000 if you didn't know what the rules of the business were? If you set up any traditional business for 4000 and then decided to stop - would you expect your money back? With Lyoness you can get it back - through shopping.
We were approached in 2008 to become part of the first 100 people to join Lyoness and form Lyoness UK. Once 100 people join then the paper work begins. We were promised all sorts of riches by investing early.
The 'system' was explained to us over and over and in theory it is very, very good however it has its flaws which have become apparent only over time. One of the major flaws is the following (i'll use Hungary as an example):
There are many investors who have a single unit in Hungary who have either neither shopped using Lyoness, found it too difficult to use their Lyoness card/vouchers and/or have never introduced a business partner into the system. Using Lyoness system it states that regardless of whether you shop, your friends shop or whether you invite others to join that the 'matrix' will continue to grow regardless because people in your upline will always shop and the 'first available position' will automatically be filled in.
Unfortunately this may take decades as the example above is of Hungarians, who are friends of ours, who simply purchased a single unit over 5 years ago.
A second example is of another Hungarian who did indeed work on it and signed up 2 directs. These 2 directs worked extremely hard over the next year and when the first lady looked at her lifeline she could see that the 'top half' of her matrix had over 200 positions whereas the bottom had 'Zero'. The reason for this is that it is widely used in Hungary as a pyramid system as this is the fastest and easiest way to excel within Lyoness. Go to Hungary, see how many places you can actually use your card.. you'll be dumbfounded that it is extremely difficult to buy anything other than petrol as a few selected stations and Kika. Again, if Lyoness worked as their 'system' states that this lady would have her bottom line automatically fill up as 'people will always shop'.
It doesn't take a mathmetician to work out how much we have to spend to get back our €4000 so let's do it conservatively and say 8% (or which only 6% can come from your investment). In order for us to 'shop' our investment off we would need to spend €66,666!
Mind you that this is another or the misconceptions when we signed up and it was vaguely said when we asked about 'Can we take out our money in an emergency'? the answer was 'No, but you can shop it off'... How on earth in an emergency can we spend €66K.
Only yesterday I spoke with Ivana in the Lyoness UK office who stated that the 'compansionate grounds' admin charge is 25% however they may be able to reduce it to 17.5% (which I'm clearly not happy with paying).
The general terms and conditions have chopped and changed so many times over the past 3 years yet we have never been given a change to cancel our involvement.. if this was a telecoms company they would need to advise you of changes and allow you to accept.
Lyoness is run by cowboys and anyone looking to invest should do a lot of homework and read as many post about it as possible.
Oh, and 'Lyoness Sensation' was on last month and yes a shedload of people turned up to worship their ponsy scheme... How many members are their of their 'Elite Level X' squad are there??? I'll tell you; there is 100 who have achieved the highest level.. that's 100 people out of 2,000,000+ so now you try and tell me that it's not the little people making the fat kids at the top rich?