• Report: #1161135

Complaint Review: Lucrazon Global

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  • Submitted: Thu, July 10, 2014
  • Updated: Thu, July 10, 2014

  • Reported By: Alfredo323 — Los Angeles California
Lucrazon Global
Lucrazon Global 8855 Research Dr. Irvine, California USA

Lucrazon Global Lucrazon Spent $5000 on Business Units that have earned me less than $20 in 4 months. Irvine California

*Author of original report: Lucrazon Global is a Scam

*UPDATE Employee: Lucrazon Global, LLC Response

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Been a brand partner with the Lucrazon Global since February. Myself and a few members who I recruited have tried contacting the company regarding a promised daily bonus multiple times since we started. When we first reached out to Lucrazon in February, brand partners were being told that the daily bonus was not going to take into effect until after the company launch date April 12th. At that point brand partners would be receiving anywhere between $10-$13 daily per business unit. This is what Lucrazon was promising 3-6 months prior to launch date. This is along with the selling of business portfolios for 30x the amount were a few of the major reasons there were so many members signing up. I put $8000 myself for 15 Business units and I was able to recruit two members who each purchased 15 business units as well. A week or two before the launch Lucrazon began changing the compensation plan saying that the daily bonus wasn't a fixed number, but a percentage of the daily company profit. Mind you they began changing what they were promoting after many members had already bought in to the company. Some of the head leaders at the time before the launch date were even promising upwards to $30 daily per business unit once the company launched overseas. Come April 12th, there was no action in our bank accounts only the monthly withdrawal of $50. Every now and then I would receive small deposits of .76 cents from the daily bonus for my 15 units and as for members in my down line they weren't receiving any type of daily bonus whatsoever. Their response when we contacted them was that the company was having internal errors with the payout system. They were saying brand partners were not having available funds in their bank accounts for split funding therefore causing issues with payments. Lucrazon told its members that they would be paid accordingly once these issues were resolved. They also said that daily bonuses would only increase from the launch date onward.

Now it has been almost 4 months since the company launch date and I've received no more than $20 worth of daily bonus in total. Members of my down line have received no money whatsoever. Mind you in these 4 months, instead of sitting and waiting for the daily bonus situation to be fixed, we decided to focus more on the merchant side of things. We have collectively submitted about 5-7 merchant statements and have had no luck whatsoever. No response from the company till 30-40 days later. And when we do get a response there are no savings for merchants we are trying to recruit. It looks like we are not the only members who are having this issue. Speaking to a few other brand partners they are having the same problem. To cut a long story short myself and other members in my down line asked for a refund because Lucrazon Global has not lived up to its brand partner expectations. There response to us was the same that many others are getting. They can only refund us $50 for the last months website hosting fee. We plan on taking legal action as a whole.


This report was posted on Ripoff Report on 07/10/2014 04:01 PM and is a permanent record located here: http://www.ripoffreport.com/r/Lucrazon-Global/Irvine-California-92618/Lucrazon-Global-Lucrazon-Spent-5000-on-Business-Units-that-have-earned-me-less-than-20-1161135. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
1Author 1Consumer 0Employee/Owner
Updates & Rebuttals

#1 Author of original report

Lucrazon Global is a Scam

AUTHOR: Alfredo323 - ()

Lucrazon Global is a scam. Just do your research and you will see for yourself the number of people who have been cheated by this company. I encourage whoever is reading this to visit their Facebook page and read the the countless complaints regarding the company. If you have lost money with lucrazon please do not stay quiet. 

Lucrazon Global is choosing to flat out lie about ever promising a $10-$14 daily bonus per business unit that would be paid out to eligible brand partners who joined the company before April 12th. They planned on using 10% of the company's daily profit to do this. This compensation plan was being promoted over and over again during countless phone conferences, Saturday presentations,  team meetings after presentations, and by word of mouth speaking to head figures/leaders of Lucrazon Global. I do not think it is ok for me to mention any names here on this thread, but I do have a few key lucrazon figures who were even promising upwards to $30 a day once the company launched over seas to Spain and South America.

Something new I would love to share is another compensation bonus that was promised to members countless times. Mind you it has been a little over 7months since I joined the company and I still haven't seen a hint of this bonus yet. Apparently after the company had created a business portfolio comprising of 10,000 merchant accounts they would sell off that portfolio to the banks earning 6x 15x to 30x the amount. At this point they would pay out 30% of earnings from the sale of this million dollar portfolio to every brand partner in the company. And another 30% would be dispursed amongst the top 20 teams with the most businesses under their belt. On top of this lucrazon stated that they would even offer to buy each brand partner out of the company if a brand partner was no longer interested in receiving monthly income. So your original business unit that cost you $1000 would be sold back to the company for no less than $6000 if you chose on walking away. It's funny because if you try to get a refund from the company now. They will tell you they can reimburse you $50. if you offer to sell them the business units you purchased from them they will tell you you are more then welcome to sell your business units at half price to other members or outside people who may be interested in signing up with company..

I hope this helps some people steer clear from this company. If not then I hope you do some more research before you decide to join. I have already come to terms with my $5000 loss and have learned a great life lesson. Unfortunately I have lost a few friends along the way who trusted me and joined his company in good faith. I didn't even respond to the merchant services/ecommerce side of the business in the rebuttal but believe me it does not work. You will be waiting months for any kind of response from the company and when you get a response it will only let you down.

The only big earnings that I have seen since I started with the company was the money I earned recruiting other members who put in there hard earned savings (thousands) like I did believing that the company would live up to what it was promoting and promising. Undortunatley it looks like we made the wrong choice. I look forward to seeing the downfall of lucrazon global and I hope no one else falls victim to them. 

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#2 UPDATE Employee

Lucrazon Global, LLC Response

AUTHOR: Lucrazon Global, LLC - ()

Lucrazon Global, LLC was formed for the purpose of servicing the fast-growing digital marketplace by providing online and brick-and-mortar stores with a user-friendly website equipped with a shopping cart, credit card processing capability, a merchant account, and marketing and search engine optimization services. Lucrazon Global provides an all-inclusive ecommerce platform that allows customers to purchase an e-commerce store and obtain a merchant account. Customers are free to sell whatever product or service their business sells.

Lucrazon Global, LLC sells service through independent businesses collectively referred to as Brand Partners. Every Brand Partner Business has its own web site with a unique URL and its own website and shopping cart builder, has its own bank account, and has its own merchant account. Every Brand Partner Business has their own agreements with their own customers. They are also responsible for their own sales, their marketing, as well as any potential chargebacks, and handling any other challenges that may arise with their business. Each Brand Partner receives payments directly from their customers.

In order to become a Brand Partner, certain requirements must be met:
http://www.lucrazonglobal.com/brand-partner-requirements

Those interested in becoming a Brand Partner first go through a free trial that doesn’t require them to input credit card info or financial data so he/she can test the system and see if selling Lucrazon’s Ecommerce System and Merchant Services are right for them.

If he/she is truly interested and dedicated to becoming a Brand Partner, they then go through a background and credit check in order for him/her to receive and activate their own Merchant Account. In addition, their information is cross-checked to make sure they’re NOT on a Merchant Termination file. The Brand Partner must pass underwriting guidelines according to Lucrazon Global bank’s relationships, and they must sign a Merchant Agreement.

After they meet these requirements and Merchant Account is approved and active, only then can they pay for and activate their Brand Partner website. The payment does not come to Lucrazon Global, it goes to the Brand Partner’s bank account directly who sold the technology and ecommerce business. The cost is $1,000 one-time set up fee and $50 a month hosting and maintenance fee.

Lucrazon Global, LLC has multiple ways of paying commissions. One of these ways is based around selling Ecommerce businesses, which is described above and attached with a $50 hosting and maintenance fee. The Brand Partner receives $50 directly from their customer and pays $40 to Lucrazon Global for utilizing Lucrazon Global technology, therefore profiting $10. The following month on the same date, the Brand Partner will receive the same amount for the monthly and hosting fees and this amount will continue every single month on the same date for the life of the account which provides a long term residual income.

There are several complaints revolving around a $14 a day guaranteed payment that Lucrazon Global, LLC never advertised nor promoted. People that are unfortunately complaining were looking for “get-rich-quick” business models, and when they discovered that the Brand Partner Business wasn’t following this model, they got upset.

If you need more information, you can contact legal@lucrazon.com 

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