If you’ve ever wondered what Lyoness would be like without constant expansion into new territories, look no further than the collapse of Aspire Worldwide.

Amid mounting investor losses and talk of legal action, Go Aspire has gone into insolvency and owner Andy Hansen is nowhere to be found.

BehindMLM
reviewed Aspire Worldwide
back in late 2014. Attached to Aspire Worldwide’s cashback platform was a recruitment scheme that ran into tens of thousands of dollars.

Likely due to decreased recruitment, late last year Aspire Worldwide changed its name to Go Aspire.

This was combined with a retreat from Australia back to the UK, despite the majority of Aspire Worldwide investors based out of Perth, Western Australia.

Unfortunately for the scheme recruitment numbers continued to dwindle, which finally triggered a collapse in February.

In a letter dated 17 February, (Phillip) Watts informed members the company had ceased trading. “It is with deep regret that I must inform you that the company has now ceased trading due to becoming insolvent.”

A few months prior, Go Aspire attempted to reduce investor liabilities by converting “franchisee agreements” into shares worth “one one-thousandth of a pound”.

At the time of publication, attempts to access the Go Aspire website timed out.

Two comments on the Aspire Worldwide Facebook page reflect affiliate anger, with the pages otherwise appearing to heavily moderated.

Thanks for taking the hopes, dreams and money of hard working people and shoving them down the shitter. All our franchise fees paid for your holidays and flights and nice things.

Then when the money run out you turned your back. Low lifes. ANDY HANSON INCLUDED.

Thanks for destroying the lives of thousands aspire. Way to go.

According to an
Australian media report
published a few hours ago, the current situation for Go Aspire victims is a mess.

More than 40 investors out of an estimated 1000 affected have sought legal advice and are asking the Australian Competition Consumer Commission and the Australian Securities and Investments Commission for help.

Attempts to contact the two husband-and-wife duos responsible — founders Andrew Terence Hansen, 47, Wendy May Hansen, 45, Philip Gordon Watts, 68, and Sally Anne Watts, 52 — have been unsuccessful.

Legal experts, however, fear nothing can be done.

It is unclear exactly how many investors lost money. One former member who is compiling a database says the current count is 698, but that does not include around 400 early members who were kicked out for not paying ongoing fees.

To date neither Australian or British authorities have confirmed an investigation into the scheme.

The Australian Government is currently undertaking a review of the ACL, with an issues paper just released and a final report due late this year or early next year.

Gerard Brody, chief executive of the Consumer Action Law Centre, says that will be too late for the victims of Aspire.

“The provisions need to be broade

🤖 Quick Answer

What was Aspire Worldwide and why did it collapse?
Aspire Worldwide was a cashback platform with an attached recruitment scheme that operated primarily in Australia. The company, owned by Andy Hansen, rebranded as Go Aspire and relocated from Perth to the UK. Declining recruitment led to insolvency, resulting in approximately $5 million in investor losses and subsequent legal action threats.

How did Aspire Worldwide's business model function?
The scheme combined a cashback platform with a recruitment-based investment system requiring tens of thousands of dollars from participants. Revenue generation depended on continuous recruitment expansion. When recruitment numbers declined, the business model became unsustainable, eventually leading to the company's financial collapse and Hansen's disappearance.

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