Lyoness: The Dragon's Den Pyramid Scheme | Multi-Level Misery

[@houseofschenck6230]

Tribute to the algorithm.

[@paperplain]

I worked at Lyoness Corporate, even at corporate they would sell you the cashback company story… once you got on the inside it was one big pyramid sceme (needless to say I got fired and everyone around me got shamelessly fired if you started to ask questions)

[@aaronchef82]

Marco, thanks for this. I’m in the insurance industry, and WFG is a JOKE! 💀💀💀

[@brendanallen3759]

How do these scammers sleep at night? They don't. Sleeping is for losers.

[@jackspinner4727]

Haha.

[@alexwolfe1994]

I was scammed by Vemma for like two ish grand when I was 18 and it still haunts me to this day at 29. Thank you for doing what you do Marco, I respect the heck out of you.

[@NewLifestyleMentor]

Lyoness is the biggest pyramid scheme of all time. The guy that went on Dragon’s Den to pitch it obviously had drank all the “Lyoness koolaid”. This had to be the worst pitch of all time in Dragon’s Den. In some ways I feel bad for the guy, ‘cuz he obviously looked so nervous & he was sweating his @$$ off in front of those lights. To top it off, it probably felt like he was being intimidated by the Dragons. The “Dragon’s Den” quickly turns into “The Lion’s Den”, as he gets torn to shreds when the Dragons discover that they were being pitched a pyramid scheme. Funny thing is that you haven’t seen another pyramid scheme again on the Dragon’s Den (UK or Canada) since this episode.

[@DaleHardiman]

Big foot….. hanging over you

[@pxgodx]

True story: In 2016, I was talking to some chic and we had planned a date, day off I was to pick her up from her job, get dinner drop her off. Pulled up to her office “Primerica”(at the time I thought they were just an insurance company didn’t think too much about it), I’m waiting outside, she comes up and she’s like there’s an even going on at her office and she wants me to attend with her then we’ll head out, (in my head I’m like wtf, but wasn’t thinking too much about it and didn’t want to be rude) we go in and I’m like dressed out of place. There’s like at least 100 people in a hall and then some random Indian guy starts a presentation about primerica and how you can be an entrepreneur blah blah blah. Started shh talking about other jobs(I’m an engineer, at the time been doing it for about 3yrs also while this was happening my attention span was at like 20% was hearing stuff but was just being ignorant cause I was hungry). Then they start talking about taxes(I file my taxes and taxes for friends and families so they don’t get scammed by people putting false info) he said something off putting so I started paying attention and realized that they were just bullshitting and trying to give people false hop. So I got up and started walking out then he singled me out. I didn’t know what a pyramid scheme was but I knew how to spot false information. He was like look at me I’m wearing a gucci suit and some Prada shoes you’re wearing probable cheap jeans and Jordan’s. You can join primerica and afford luxury clothing blah blah blah. I responded by just walking off(the hunger was killing me. lol). A few days later, I was on my way back home from the gym when I stopped at a gas station to get something to drink and there he was in a fxx old a$$ Honda Odessy. Me being petty pulled up to the other side of the pump and filled up my car(I drove a C300 and wanted to shit on him). I stood there and made sure he noticed. He didn’t say one word

[@Medicareuptospeed]

😂😂😂😂😂 This is great❤

[@JayMaverick]

I saw the Lyoness logo on a tiny kiosk in the middle of nowhere Hungary once. I didn't know whether to laugh or cry.

[@VElizabethWhitecrochet]

You guys bring up a crucial point in recruiting tactics. That line of trust part roped me in a now defunct pair of MLMs that worked together. My upline was already self employed with a traditional business, and was well respected in her community and church. She explained her credibility to me and how she was able to leverage that credibility to get successful recruits. I realise I subconsciously had respect for her simply because she was higher on the social ladder than I was. Seriously, Marco, a video of slimey recruitment tactics wojj be really great. I think they even teach us newbies on how to “overcome objections” as they called it. And believe me, there’s an objection for everything. Even in another MLM, I thought I was being absolutely brilliant by bringing up the MLM model and asking about taxes. And the lady that talked to me seemed friendly, professional, and knowledgeable that I fell for her tactics as well. I’m not in any MLMs now, as I keep on top of this subject

[@Archivist82]

I just finished reading The Road to Jonestown, and it was one of the most absorbing, astonishing, and saddest books I’ve ever read. His mastery over people and their lives…I’m left speechless. I recommend it to anyone who wants to understand destructive cults.

[@MyFriendlyPup]

Satan is good at that. Kill, steal and destroy is what the Bible says

[@juliatokarz609]

I love that you jump right into videos and don’t have a 20 minute intro! Bravo!! 👏🏼

[@BaddogSports]

Always love these videos! It sucks that they lost money, but I’m glad they got out before they lost more.

[@murphdoesit]

I love that background Marco. This content is Gold man been following you for a while 🎉

[@MidnightAndLuna]

I’ve never heard of Lyoness. I will have to look up that Dragon’s Den episode. I feel like I live under a rock 😂

[@AnAllAroundPlayerMaker]

Coffezilla reacted to it.

[@houseofschenck6230]

It's an excellent episode.

[@dominikmayer5911]

They are here where i live.I live in Germany and this is in austria.Its the biggest scam i heard in my whole life.Its normal that people invested 100.000 Euros in this company.I know people that invested 300.000 Euros.Its not like in a normal mlm where the starter package is about 2-3000 dollars.They said you can invest how much you want and the shares you buy will be increased in the future 5 x or 10 x. Its crazy .The founder of this company made maybe 600 million.The founders name is Hubert Freidl

[@willmartin3759]

Years ago I stubbled apon your WFG videos which prevented me from joining when I was getting recruited since the Military base I was at aloud them to advertise (crazy)! I'm thankful for this channel as some of my family hasn't been so lucky.

[@apatheticaesthetic.]

@willmartin3759 thank you for your service! &; I’m happy that you didn’t fall for this MLM; I’m sorry for some of your family that unfortunately did get conned by this maggot MLM. I hope they haven’t/don’t lose too much money .. &; that they get out as unscathed as possible.

[@suzinaccache]

Congratulations Narco lol on 60k 🎉

[@AcisPlays]

Is there any way you could do a TikTok or a video on life insurance MLMs? I almost got swindled into one not knowing that MLMs can be life insurance as well.

[@uncomplicatedi]

My Dad has been cycling through endless MLM "opportunity" for 35 years now and I don't know what to say to break him out. He knows not to even bring it up with me anymore but if I could actually talk to him about real life topics

[@mikejarmoluk3523]

Melaleuca was one of my mlm mistakes in that I knew better but did it anyway, buying 150. per mo in overpriced products just to keep my discount, then try to suck in others (which never tried)

[@suzinaccache]

According to Peter Mingils its the only mlm that does it 'right', puts his theory to crap, not that I ever believed him anyway x sorry u went through that though

[@AnAllAroundPlayerMaker]

That sucks man. Glad you got out of it.

[@AnAllAroundPlayerMaker]

@@suzinaccache Oh yeah, he did mention that.

[@suzinaccache]

​@@AnAllAroundPlayerMaker he did didn't he, smh

[@AnAllAroundPlayerMaker]

@@suzinaccache smh

[@tommymodec]

I am an independent financial planner in the States. I cannot agree more with everything Phillip said regarding WFG, the products sold, and some changes needed in the financial services industry. If you are working for WFG, you are either getting played or playing others. If you are a client of someone at WFG, you are probably getting screwed.

[@LucasSouza-kv2td]

I’ve been away for a little while cus of life , but man it’s good to see u again still fighting… happy hunting my brother 👊

[@elle1renee]

Someone needs to rewrite the wikipedia page for the Lyoness scheme! Someone has carefully curated a bunch of buzz words to make it sound so legit on there

[@AnAllAroundPlayerMaker]

The 2nd time I have heard of this company. 1st time was through Coffeezilla reacting to that Dragon's Den episode. Guy got shredded to bits

[@sabinegray1450]

I don’t get it, you pay a high price for the cash back until you bring others in and then what? You get a cut of what they pay? Omg mlms bring out the worst in ppl.

[@snowsheldon77]

This guy should have stuck with electrical and worked hard! I did, now I have my own electrical contracting company and make a very very good living for myself! But one thing I have seen a lot more recently is these younger generations don’t want anything to do with manual labor and prefer to sit behind a desk… I’m completely opposite, I’d go insane behind a desk all damn day…

[@deechicago25]

Yea even being a regular worker 40hr union shop, you’ll make bank not including ot or side jobs lol idk maybe he found something to make easier money i guess

[@djs2182]

Amazing interview!

[@raymondcaylor6292]

I worked in sales with a fortune 500 company for 11 year's making really good money. During my 11th year we got a new regional v.p. and he pitched this same mlm " opportunity ". Same thing, I had the " opportunity " to be on the ground floor and for 14K I would be in the position to be earning 100K in 14-16 months and that would grow year after year without putting in any more money. Like a dummy I was ready and willing to do it but someone in the company ratted out the guy to our vp of sales and he was gone the same day. I only knew of one guy who actually joined and paid the 14K and he hadn't made a dime 5 year's later. I have no idea how many the bastard got but I would have been one of them. I just got lucky.

[@Thatguy56117]

Love this. Just wanna piggy back on the topic of what should change in the industry Is make the exams closed book. When I went for my licensing through the Alberta Insurance Council to sell insurance it’s multiple choice and open book. You don’t even have to know the material to even pass. It’s a joke.

[@lavelldavis1566]

Really what area?

[@Thatguy56117]

@@lavelldavis1566 for me it was the Alberta Insurance Council. So at least for Alberta it’s open book to pass the exams. So is also definitely the regulators that need to change as well.

[@lavelldavis1566]

@@Thatguy56117 ah ok, I know when I went through the state for my licensing you needed to study and it wasn’t open book that’s why I was confused

[@Thatguy56117]

@@lavelldavis1566sorry I should have added that for clarity.

[@encinoman903]

A scheme's modus operandi is gaslight - gaslight - gaslight

[@RuthieHanan]

Great interview Marco! I never heard of this company before... that's a lazy ass pyramid scheme, not even trying to hide behind a product smh ps congrats on 60k hail yah!!!

[@bryan6885]

I love your videos. Could you make a video on Kangen Water MLM? I was approached multiple times on this scheme. They don't tell you what they are selling until you pay and sign up. They sell you a financial freedom dream then they make you cough up thousands of dollars to buy the Kangen water machine and become a distributor

[@bmeiji]

Have you heard of North American Senior ? They’re an insurance mlm that’s gotten popular in Chicago.

[@TK-jb4vq]

Find out their "Billion Dollar Morning Routine", it's a hoot!

[@MommaB74]

Excellent insight and discussion

[@somericanguy]

when i was in Primerica in 2005. They always called insurance "income protection" lmao

[@zwxwvutsr]

Got scammed by php years ago, got some stories

[@thecollierreport]

Nobody was born knowing math. Do you want to rip on that too?

[@michaeld2613]

@6:10 The Emperor's New Clothes

[@MarabelleBlue]

Another great and informative interview!!!!!

[@davemedispa5107]

Omg, I was just watching your agn video for giggles and fun, and then this video popped up. I remembered that I actually got approached by a lyoness person 8-9 years ago. He was friend of a friend and invited me to get a coffee, spent 30 minutes pitching me the most confused idea of cashback, and then, when I was confused as fuck, he said the entry-level investment was 2500 euros and I was like "wtf". I am from a wealthy family, and that probably why he asked that much, but man, that was really a bad call. I just said "no" and we parted ways. At least I got a free coffee.

[@vegetibilis2422]

I had to come back and like the video lol i guess most people just forget.

[@latuman]

I had the Lyoness card and it did work on eBookers and other places. Got 15 euros cashback for a purchase once. This was of course a front, and a small price to pay for the successful MLM scheme.

[@AH-ph3cb]

great video

[@Adrieljosiah]

😊 love this

[@kerrian4564]

For the algorithm!!

[@albin2232]

MLMs are built into the American genome.

[@tigerwoods373]

2:41 actually my actual first.

[@SlobodanDjurdjevicSerbia]

There are lawyers who could make Lyoness claims for you. I could send their website if someone needs it...

[@suzinaccache]

Letttssssss gooooooo

[@lavelldavis1566]

What about the states to help with that?

[@sweetharpreet]

When wfg 4 is coming out?

[@thexe99]

Have you or will you do an investigation into Plexus? I have a coworker who's wife is making good money doing that.

[@zeko3806]

I think the 'blind belief' analogy you made is a bit flawed (as Muslim). But besides that, like always: great video Marcooww!

[@joshuat20k]

More tributes !

[@dopestalien]

What a joker, that guy with the black hat.

[@Louwhay]

I've worked for Apple, it is a bit of a cult tbh 😂

[@foreverart2022]

Lyconet is a big scamm

[@RalfSRobotRalf]

generic comment & like for the algo

[@zorg621]

Algorithm

[@gordon8]

man I got involved in this shit cause one of my friends (not friends anymore) is one of the most gullible dumbasses ever. I was too naive and fell for it like him. Except for him he can't realize he was duped. While for me I realize this is a scam.

[@Rachopin77]

Doesnt the business model kind of sound like crypto tho? Lmao

[@benjaminaristotleboes3157]

All MLM are like crypto.... Crypto is a "greater fools game" and the ONLY WAY crypto makes money is by FUTURE INVESTORS (or call them RECRUITS).....

[@amesblitz339]

Generic comment!

[@lgentile61]

0 sum game

[@zublits]

Your comments about religion show exactly why we should be teaching kids to think for themselves, not blindly follow faith and religion. Religion teaches people to be gullible.