Austria’s White Collar Crimes and Corruption” Public Prosecutor’s Office (WKSTA) has a long history with Lyoness.

WKSTA has been trying to hold Lyoness and founder Hubert Freidl criminally accountable for years.

Unfortunately for the regulator, legal decisions have
thus far gone against them
.

Rather than resign themselves to a new era of legalized Ponzi fraud in Austria however, WKSTA continues to try to stop the
Lyoness Ponzi scheme
.

The latest move by the regulator is a new criminal lawsuit filed yesterday.

WKSTA are seeking to hold Freidl and Lyoness accountable for violating Austria’s Capital Market Act.

WKSTA allege that Lyoness’ Premium affiliate packages were subject to ‘
timely publication of a controlled prospectus
‘.

Neither Lyoness or Freidl ever published such a prospectus, with WKSTA filing criminal charges and seeking a fine against Lyoness Europe.

With any luck this will be more of a cut and dry case, with Lyoness and Freidl having either published a prospectus or not.

There could however be some push back from Lyoness on whether they were infact required to do so.

Stay tuned…

🤖 Quick Answer

What are the new criminal charges filed against Lyoness and Hubert Freidl in Austria?

Austria's White Collar Crimes and Corruption Public Prosecutor's Office (WKSTA) filed a new criminal lawsuit against Lyoness and founder Hubert Freidl, alleging violations of the Capital Market Act. Specifically, WKSTA contends that Lyoness' Premium affiliate packages required timely publication of a controlled prospectus, which neither Lyoness nor Freidl ever provided to regulators or investors.

Why has the WKSTA continued pursuing Lyoness despite previous legal setbacks?

Despite previous legal decisions favoring Lyoness, the Austrian regulator WKSTA persists in its efforts to hold the company and its founder criminally accountable. The prosecutor's office maintains that Lyoness operates as an illegal Ponzi

🔗 Related Articles

- Lifestyle Marketing Group Review 2.0: Matrix points pyramid
- PRP Life securities fraud warning from Australia
- Ghana threatens QNet illegal immigrants with jail time
- SAEG Ponzi scheme & Ted Safranko cop $3.8 mill judgment
- DexNet Review: Dubai MLM crypto securities fraud