Lotteritilsynet orders Lyoness to halt illegal pyramid scheme in Norway
Enforcement & compliance · SectorWire deskSource published
Source: Lotteritilsynet (Norway) ·
Summary
Norway's Lotteritilsynet concluded on 31 May 2018 that Lyoness operates an illegal pyramid-like sales system and ordered it to stop all operation, participation and expansion in the country. The decision targets myWorld Norway AS, formerly Lyoness Norway AS, and Lyoness Europe AG, and covers recruitment and payments from Norwegian participants and loyalty companies. Part of the order was deferred until the three-week complaint deadline expires, and Lyoness may appeal within three weeks.
Why it matters
The order halts recruitment and payments from Norwegian participants and loyalty companies, with part deferred until the three-week complaint deadline.
Cite as: SectorWire, “Lotteritilsynet orders Lyoness to halt illegal pyramid scheme in Norway”, 4 June 2018, https://sectorwire.news/item/lotteritilsynet-orders-lyoness-to-halt-illegal-pyramid-scheme-in-norwa/
Key facts
- Parties
- Lyoness, myWorld Norway, Lyoness Europe · Lotteritilsynet
- Market
- Norway