Plattform Lyoness has just reported the breaking news that managing director of Lyoness Americas, Mario Hoffmann, was formerly involved in the convicted Austrian pyramid scheme 'DESCO'. According to their information, Hoffmann and three accomplices were found guilty of operating the scam. 'DESCO' was hiding behind a redundant and apparently not-existing corporate front that organised 'seminars' of all sorts.
Particularly many young Austrians were enticed to invest thousands of euros for the promise of incredible future rewards, if they would only bring in their family and friends. Much like Lyoness now, 'DESCO' had a controversial reputation at best, before being completely wiped out, with the Chambers of Labour of Wien and Niederösterreich, several established media and even members of parliament questioning the 'company's' motives.
There is reason to believe that the same scam formerly operated under the name 'DESCO' persisted long afterwards, perhaps with the same people (informally) running it.