Great news to share today!
Lyoness Kart Hizmetleri Ltd. has been banned in Turkey for operating a pyramid scheme and is now going through bankruptcy proceedings. Lyoness is also facing criminal charges for tax evasion!
TURKEY - Lyoness as a pyramid scheme prohibited by the court! Dummy company busted / Lyoness Kart Hizmetleri Ltd. Sti. under bankruptcy administration/tax debts worth millions / penal proceedings for tax evasion and deliberate bankruptcy. - BE KONFLIKTMANAGEMENT...
“To the responsible authority,
The business operations of Lyoness Kart Hizmetleri Ticaret Ltd. Şti. have been terminated due to tax debts to the tax office in Mecidiyeköy and bankruptcy proceedings are currently continuing.
After the bankruptcy decision concerning this company, LYONESS HOLDING EUROPE Ltd. will be registered as bankrupt according to the Trade, Enforcement and Competition Law of the Turkish Republic. Furthermore, Lyoness Kart Hizmetleri Ticaret Ltd. Şti. will be registered as bankrupt. It will not be possible for these bankrupt companies to resume trading activities in Turkey. If LYONESS HOLDING EUROPE AG. founds another company in Turkey or becomes a partner in another company, its liability for the public debt before bankruptcy will continue.
For these reasons, it is not commercially possible for these companies to establish companies in Turkey or become shareholders in other companies.”

And watch this space for some great news coming out of Austria very soon!