In response to authorities announcing a preliminary investigation, Lyoness has suspended investment from Italy.Late last month the Italian Antitrust and Consumer Protection authority revealed it had begun a preliminary investigation into Lyoness’ business activities.
Specficially, the AGCM were focusing on
Lyoness’ misleading terms and conditions;
misrepresentations regarding the actual probability of making money in Lyoness; and
how Lyoness is marketed in Italy (in a broader sense)
Within forty-eight hours of news of the AGCM’s investigation breaking, Lyoness informed Italian affiliates it was suspending its voucher investment scheme.
A message in the backoffice of Lyoness’ Italian affiliates reads;
With this Communication we inform that no consumer who is taking…