ED Magedson – Founder
Lucrazon GlobalLucrazon 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
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/reports/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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