Lyoness Group was founded by a person called Hubert Fried in the year 2003. It was a trendsetter among the people during its initial stages of formation. But afterwards a lot of complaints and negative reviews came to the front about the company's pyramid selling scheme. The company was founded in Austria but then they expanded their operations to the United States, where grew all over again.
They does not have any products in their kitty and they focuses on providing discounts for its members. Or in other words, it could be called a cash back company. Here, if you or your recruits spend money, you will be eligible for money back.
The Lyoness group is now active in almost 46 countries on all continents. It is estimated that over 4 million members makes use of this service through the 40,000 loyalty merchants around the globe.