Lyoness and MLMWatchdog Rod Cook
FEBRUARY 14, 2012
Source : http://www.businessforhome.org
Rod Cook:
"The Watchdog's aim is to serve, inform & protect you, the distributor, and the MLM community. An Internet source that is unbiased! We don't "belong" to companies or take ads! We don't put out information to sucker you into joining a company! We have a 20 year history to prove this!"
Rod Cook opinion about Lyoness:
"I have some really good WatchDog "Deputies" Who zeroed in on very ‘flashy’ newly launching scam disguised as an MLM. The Lyoness scam is business plan is based on getting large numbers of consumers to utilize a consumer cash discount card that will be honored by businesses they sign up……this business model has not worked historically.
Few if any consumers continue to use this loyalty card and few businesses will pay any high percentages of rebates to create a back end……they are launching the USA and pushing a $2000 and $3000 initial package……giving several hundred back in pre-loaded gift cards for the first 25,000 or so sign ups…..checking Europe and Australia where they have been operating for a few years……
There is no base of consumers or customers using it that can be found or merchants honoring these cards…..It is all a front end rah-rah high ticket sign up program. Only a good scammer can hit people $2-3K per pop and then never help people they sign up do the same thing…..then stay away because you will be part of the 87% that pays to get in and never recovers your initial investment……
This violates business opportunity law and pyramid law all over the United States! Run From Lyoness – stay away!"
Source: http://www.mlmwatchdog.com/SCAMS_BAD_MLMS_2012.html
Update: As of 8th March 2012, Rod Cook has pulled back his warning about Lyoness for the USA, Lyoness is in compliance with all USA laws.
Source : http://www.businessforhome.org
Rod Cook:
"The Watchdog's aim is to serve, inform & protect you, the distributor, and the MLM community. An Internet source that is unbiased! We don't "belong" to companies or take ads! We don't put out information to sucker you into joining a company! We have a 20 year history to prove this!"
Rod Cook opinion about Lyoness:
"I have some really good WatchDog "Deputies" Who zeroed in on very ‘flashy’ newly launching scam disguised as an MLM. The Lyoness scam is business plan is based on getting large numbers of consumers to utilize a consumer cash discount card that will be honored by businesses they sign up……this business model has not worked historically.
Few if any consumers continue to use this loyalty card and few businesses will pay any high percentages of rebates to create a back end……they are launching the USA and pushing a $2000 and $3000 initial package……giving several hundred back in pre-loaded gift cards for the first 25,000 or so sign ups…..checking Europe and Australia where they have been operating for a few years……
There is no base of consumers or customers using it that can be found or merchants honoring these cards…..It is all a front end rah-rah high ticket sign up program. Only a good scammer can hit people $2-3K per pop and then never help people they sign up do the same thing…..then stay away because you will be part of the 87% that pays to get in and never recovers your initial investment……
This violates business opportunity law and pyramid law all over the United States! Run From Lyoness – stay away!"
Source: http://www.mlmwatchdog.com/SCAMS_BAD_MLMS_2012.html
Update: As of 8th March 2012, Rod Cook has pulled back his warning about Lyoness for the USA, Lyoness is in compliance with all USA laws.