nobsMailing List
Sign up for our free monthly e-newsletter.
nobsNetwork
Nobs Network Forum Nobs Invest - Nobs Investment Community Nobs Forex Blog Forex for Beginner
nobsPopular Entries
Feb 5th 2006
Scam warning on HYIP - Lucafund
I tried a small minimum deposit in Lucafund on 1st feb and when I visted the next day the Investment site has vanished and they are recommending other HYIP’s my investment was not paid into my egold and there was no answer to my emails.
Be careful folks!
Lucafund.net was the original and they have been paying me for a month now. They pay as stated. The other two were copy cats that appear to be scams. They mention this on the Lucafund.net website.
Check it out and good luck.
Chris
From GoldenTalk, do not invest!
ps. Live in HYIPland still carries on even with/ without the Stormpay fiasco, on a side note, Stormpay website seems to be inaccesible.
Popularity: 6% [?]
71 Responses to “Scam Warning - Lucafund”
- 1 Pingback on Jul 26th, 2007 at 11:13 am
- 2 Pingback on Jul 26th, 2007 at 11:35 am
- 3 Pingback on Jul 26th, 2007 at 2:47 pm
- 4 Pingback on Jun 13th, 2008 at 9:38 am
- 5 Pingback on Jul 13th, 2008 at 9:05 am
Although its an old posting I’d like to correct any misunderstanding about Lucafund. Lucafund.com was a scam however Lucafund.net has been paying for nearly 2 years now. I made a spend 5 weeks go and its very straight forward and simple no signing up no online a/c to be hacked etc. simple uncomplicated investement with a reasonable return. 212% Profit 100% principal back in 1 year. The program pays out weekly without fail. Year 2 onwards 312% profit.
I’m no cheerleader nor am I writing this to earn referal $ because they don’t pay for referals.
I just wanted to reply to the above post in order to set things straight and show people that some HYIP’s (very very few) are reliable.
I’m very happy to be in this one, and will even think of adding to my original investment. No, it probably won’t last forever, but this is not a place that will cut and run either, and not a scam site, though the copycats are.
I heard a lot about lucafund.net so i decided to see for myself; instead got a “server not found” message; and again and again as i retried later and later . Heard a lot of positive things about them. But it’s rather disappointing for a supposedly good org to be so poor in website protection that they can be hacked and be “offline” so often and so easily. Why don’t they get top class professional help to make their all-important site “sufficiently impregnable”.
HI Chris,
If the website is gone, then it could mean that they’ve folded and left with the money. Give it a couple of days to see if they are really gone or if they blame it on a hacker.
Sometimes program admins take their own websites offline and then come back with “We had a hacker. We’ve now updated our security and are stronger than ever!” It’s a ploy to bolster confidence. (Sometimes it really is a hacker and it’s impossible to tell if it’s a ploy or real.)
If they do come back, it is not advisable to invest more money with them. They were already on their last legs before the site disappearing.
JMO,
Sharon
Chris I beg to differ with Sharonsopinion, as you can see I posted here last Oct 23rd 2006. At that time I was only in for a few weeks. Since then the website has gone down a number of times but no worries because they always paid EVEN WHEN THE WEBSITE WAS DOWN.
I don’t think “Sharonsopinion” has any money invested here therefore she should stop short of putting down “Lucafund.net”.
Here is an email from the Admin of Lucfund dated 31/03/07
“Hi everyone
Just a quick update re: our website. As you all know, our website has been down the past couple days. We are still in the process of determining why… we assume either a DOS attack or failed server but we are still in the process of finding out a definite answer from our hosting service. Our email system is attached to our hosting therefore we cannot retrieve any emails sent to us this week and have established this address for temporary purposes. If anyone has any important messages for us (errors in last week’s payments, change of e-gold acct#, or change of email address, etc.) please email us at this address until we are online again.
Those of you who have been with us for a while, you know this happens from time to time and we will be back online shortly. For those of you who are new or just made your first spend this week and are now beginning to panic, NO NEED TO WORRY! Payments will continue even if the website is not up again by Monday. To those of you who have experienced this with us, it would be appreciated if you could relate this on the message boards and comments at www.hyipinvestment.com to help ease the minds of the new people.
We will keep everyone posted and spends can still be made to our e-gold acct# 3900292 during the downtime of the website and will be added to your balance.
We appreciate everyone’s patience.
Admin, LucaFund.net ”
Now form your own opinion.
There’s your answer, Chris! Thank you, Falcon.
I overlooked that this article was written over a year ago. I saw the Feb. 5th date and my mind assumed it was 2007. That’s what I get for ass u ming!
My post stands for the majority of websites that disappear. As Falcon so kindly pointed out, guidelines aren’t right 100% of the time (and neither am I!) Falcon, you are right that I’m not in LucaFund. It’s not one I’m tracking, either.
Since LucaFund has a history of website problems together with their letter yesterday, then I agree that it’s no big deal when the site goes down.
However, all of this leads to another caution. Has anyone verified if LucaFund is using members funds to generate revenue from an outside income source? If yes, then they are probably still viable. If no, then they are getting really old to be safe for new investors or added deposits. Falcon, do you know?
JMO,
Sharon
TimeResort
(GMT) Type Batch e-metal Weight
(troy oz.) To/From
Account Entered
Amount Rate
per oz.
4/2/2007
05:38 Payment Received 78625527 Gold 0.036128 3900292 24.00 USD 664.30
From: LucaFund.net
Hi Sharon no I haven’t verifed the income source its not too easy to do that.
It pays to be prudent in this type of investing. Out of a total of 21 funds in 7 months I have still 2 which are active ..which says a whole lot. Best way I’ve found is do some reasearch if you’re happy put some money in be patient till you recoup and then compound with the earnings. Losses are minimized however income is reduced but its playing it safe. Luca is one of my favourites becuase there is little fuss about it ou will also notice very little is written about it on the boards. No commisons no ads so my guess Sharon is that the income source is not form within but more likely invested wisely.
My tip is if you’re not in Lucafund put some money in, because its relatively safe if fact one of the safest around.
Have a nice day.
I have been with lucafund.net since Nov 06 and they have never failed to pay, although sometimes a bit late, most of the time it is quite punctual. I have totally forgotten about this until recently i checked my e-gold and notice that the balance has increased quite a bit. I’ve tried over 40 hyip, and none has more than 2 years life span.
I have recouped my investment in lucafund and it should be double quite soon, was looking to reinvest but couldn’t get through to their website. I just checked and they paid me on 2nd April 07.
Not too sure how they function, but its certainly still paying, for how long, only God knows.
Hi Kenneth here is the answer to your question:-
31/03/2007 17:44
Hi everyone
Just a quick update re: our website. As you all know, our website has been down the past couple days. We are still in the process of determining why… we assume either a DOS attack or failed server but we are still in the process of finding out a definite answer from our hosting service. Our email system is attached to our hosting therefore we cannot retrieve any emails sent to us this week and have established this address for temporary purposes. If anyone has any important messages for us (errors in last week’s payments, change of e-gold acct#, or change of email address, etc.) please email us at this address until we are online again.
Those of you who have been with us for a while, you know this happens from time to time and we will be back online shortly. For those of you who are new or just made your first spend this week and are now beginning to panic, NO NEED TO WORRY! Payments will continue even if the website is not up again by Monday. To those of you who have experienced this with us, it would be appreciated if you could relate this on the message boards and comments at www.hyipinvestment.com to help ease the minds of the new people.
We will keep everyone posted and spends can still be made to our e-gold acct# 3900292 during the downtime of the website and will be added to your balance.
We appreciate everyone’s patience.
Admin, LucaFund.net
Falcon,
I have been interested in Lucafund.net ever I first heard about it a few months back. However when I finally made the decision to invest, I found that I could not log in to their website.
Then I stumbled upon this forum. Now I would still like to proceed with the investment. Can I still invest to their e-gold account of 3900292 and have my e-gold account registered as an investor with them?
I would appreciate it very much if you can post this question to the people at Lucafund.
Regards,
Greg
Hi Greg,
The website is back and members have received their weekly payments.
Regards,
cyrano
Hi Cyrano,
Wow, what do you know, it is back up online.
Thanks!
Hey there must be a separate community for Lucafund investors hosted somewhere?
If there is none, then maybe someone from here should start one. I’d like to be a part of that.
Regards
I’ll definitely be interested in re-investing my profits
Hi Greg sorry i had not followed up the last few days but as you can see Lucafund site is up and running so go ahead.
I would like to remind all investors who are happy about Lucafund (I take it everyone is) to post some positive feedback about this fund. Sure there is no referral commissions but if you’ve got money in there it can only help to spread the word that we are on to a good thing here.
Happy investing everyone and lets hope Lucafund keeps it up. I’ll keep throwing more money in this till I have a decent weekly return.
Hi Falcon,
I have already made a spend a few days ago. I should be getting my first payment this coming Monday and although the amount is small I am really excited about. If everything turns out as I know it would, I would increasingly top up with more spend until I have a tidy sum coming into my e-gold account each week.
Regards,
Greg
Hi again Greg,
Glad you have joined the club. I am quite confident that you will be happy with your investment and Lucafund won’t let you down. I started $100 investment and am now up to $500 which gives me $30/week not enough to retire on of course
however with HYIPs you can’t be in too much of a hurry when its a long term program. First gain confidence and then increase gradually. However always keep in mind the golden rule (only invest money you can afford to lose). Good luck. Lets hope Lucafund will make history as the longest ever program in the HYIP world.
I think everyone is happy with the returns from lucafund. Let’s just hope they keep it up
I received my first payment from Lucafund yesterday. At first I thought that my payment came in a little late, but I live in a different time zone and I realized that I was in fact paid well within the day (Monday).
It is not an earth shattering sum but still a very good return for a $100 spend. This has however bought for me a huge amount of confidence in the company and I will definitely up my investment all the way to some dizzy heights.
Thanks Cyrano and Falcon for your kind support and replies.
Regards,
Greg
Hi Greg,
I am quite confident that you will be well pleased with Lucafund, well at least I am. The fact that they have been around for so long and are not just a bunch of scammers like most in the HYIP world goes a long way to instilling confidence in us investors. It really is a no frills program with a reasonably good return for high risk HYIP investment .
Remember it can one day disappear but I feel the Admin has more than proved that he is a cut above the rest.
Although there is no referral commission it would help if you spread the word about Lucafund in order for them to maintain the program as long as possible.
this way we all stand to gain.
My comments are only a means of help to other investors who like me have been scammed by so many crooks around here.
Have a nice day and share your opinions it helps everyone pick out the few good ones form the bad.
Falcon
Hi Greg,
Congrats on your first payment!
Like Falcon,i would like you to remember that LucaFund is no “investment program” but just a game.
We know nothing about the owners and how they make money.No address,no proof!
It already exists for 19 months now.A long time for a hyip.The average life span of a quality game is about 6-18 months.Maybe the end of LF is coming near soon.Please be careful when investing more money.
Good luck!
Regards,
cyrano
Hi Cyrano, Falcon,
Actually I do think of how Lucafund makes its money?
First of all, they do not have a dazzling website with all the bells and whistles to attract investors.
They do not have a referral program to woo the get rich quick people, those fast talking ‘leaders’ who make the most money out of every HYIP Scam.
They do not promise ridiculously high returns…
… so I can imagine for sure that the number of investors cannot be that many. I know because I have tried to introduce a few people into it, but they are just not interested, mainly because of the low returns as well as being skeptical with the promise of payment for life.
Yet week in week out, Lucafund pays you with real money. Real cash into your bank account (e-gold) instead of an illusionary e-wallet which can vanish into thin air before you even realize it.
A ponzi scheme would never be able to sustain itself even for a few months if it pays out real money weekly like Lucafund, let alone the 2 years that Lucafund has been in existence (is it 2 years already?)
I personally really do believe that Lucafund actually does real investments, most likely in Forex and commodities and maybe even in a real High Yield investments into banks with up to 300 to 500 percent returns per annum, but which requires a minimum deposit of anything up to $100 million of clean money.
Then again one can argue that if Lucafund does have that kind of money to invest in a High Yield Program with a bank, why do they need to invite investors online?
Maybe Mr. Jorge Luca is just a very generous entrepreneur who wishes to help people who have been scammed big time, like us, or maybe he is just a really nice person! May God bless him always.
Here is just a thought… if either of you were to have the kind of mega bucks which can allow you invest in a real High Yield in a bank, to the tune of $100 M, would you share some of your returns by inviting small time investors online?
I think I definitely would. If it is just get back at the scammers. I’ll be offering about 300 percent max per annum, and my program will have no referral incentive and my website will be minus all the razzle and dazzle.
But will my program last a lifetime? Most certainly not. But before closing it down, I will shut the doors to new members for at least one or two years ahead of winding up the program, just to ensure that no one loses any money on it.
But that’s just me. Let’s pray that Mr. Luca thinks likewise!
Greg,
I couldn’t agree with you more.
However when you really think about it which supposedly straight market investment offers you 6% per week ? We’re lucky if we get 6% per year.
True it may be more secure but is it 51/52 more secure ? If we look for higher returns we’d expect much higher risk but even the higher risk does not come close to that percentage.
So Lucafund is HYIP which is high yield and high risk but definitely worth the gamble. In fact I’ve slowly compunded for these past 7-8 months taking a cautious strategy but the consistency of this program has me tempted to throw in a healthier sum to really start seeing some significant weekly income.
well its their loss you can one day show them the figures and see how foolish they’ve been.
Sure it can’t last forever but the longer I delay the more I would have missed out.
To the people you mentioned that can’t be convinced to put some money here because of the (low return)
My sincere thanks to Mr. Luca for his first rate program.
Falcon
Hi Falcon,
OOps it is actually Mr. James Luca and not Jorge. My apologies to him.
Like clockwork I have been paid every Monday on the dot as usual. Of course it is real money too, directly into my e-gold account.
I have noticed that Lucafund have set the minimum investment to $50 and did away with the maximum limit. This makes sense too small an allowable spend will raise more questions than cheers from among those who know forex and commodity trading.
A $5000 limit per e-gold account is also meaningless since a person can have as many e-gold accounts as he wishes.
Now I am wondering just how much the big players are investing?
I started with $100 myself and I have gradually increased my total spend to $270 at this moment. I top-up every thing I earn weekly and re-invest.
Keeping my hands and fingers together in constant prayer.
Greg
Hi Greg,
Well no info is available about how much has been invested and how big their Big Players are. However with the stability its had for such a long time I’m sure there are a good number.
As for me I started with $100 and waited the 17weeks to recoup my initial investment and have since made spends bringing me up to $700 now. Still small fry I guess but I feel safe enough to go in with about $3000 now.
Hopefully Lucafund will stay the same and keep up its payments at least till I recoup the sum invested and then hopefully profit from it.
Its all a gamble of course but like with all bets you try and choose the safest one with a decent return.
Pity there aren’t more investors here that can tell us how they have faired with lager sums.
Have a good weekend.
Falcon
Hi Falcon and all,
I read this news release by the US Department of Justice here…
http://www.usdoj.gov/opa/pr/2007/April/07_crm_301.html
… and I am getting real concerned that we are getting paid from Lucafund solely through e-gold.
The implications of having a long term investment linked directly to our e-gold account number and to our e-gold account number alone is very serious for those of us who have large sums invested in Lucafund.
Lucafund should serious look into the possibility of paying us through another form of e-currency like e-bullion and give us the option to change now rather than wait for e-gold to shut down completely.
One way to safely inform Lucafund of our new e-currency account would be to stick a memo of the info in our next spend into Lucafund’s e-gold account.
What do you think?
Greg
Taken off of the Lucafund site:
Saturday April 28, 2007 - We are currently in the process of estabishing an account with e-bullion as an alternative payment method and will be adding the payment interface to our website within the next few days. Until we have completed this addition, all payments will still be made via e-gold. -Admin
Guess they’re on top of it!
Hi Greg,
I wrote to the admin regarding what you said, below you can see the content of my email and his reply :-
Dear Admin,
>
> Due to the recent problems with E-Gold may I know whether it would be
> possible to transfer payments to an e-bullion a/c should E-Gold cease to
> operate ? Would an email be sufficient to re-direct payments to
> E-bullion instead of E-Gold ?
> Would it be wise to open an E-bullion a/c at this stage so that in the
> event that E-Gold is terminated you can forward payments to an E-bullion
> a/c instead ?
>
> Thank you
>
> Falcon
Hi Falcon
We are looking into that currently. In the meantime, e-gold is still
operating fine and we will continue to use it as long as we can. Again,
we feel as if they will be around a long time and that nothing will come
of the accusations or it would have already, but we will let everyone know
as things develop re: e-bullion and what the options will be for existing
e-gold users.
Admin, LucaFund.net
So Greg I don’t feel there is any real danger, as Michelle said he seems to be on top of the situation. I don’t think he is going to leave the money lying around in e-gold so basically all he has to do if the worst comes to the worst is ask the investors to open up an a/c with e-bullion and pay through them.
Falcon
hi Greg and falcon!
I’m very much interested with Lucafund now. I’m here in Philippines, and would like to meet them in person because my group is very interested to invest $10,000 such a descent hyip without scams, i guess.
Would they do that?
Thanks,
vino
Hi Vino,
Sorry for this slow response to your query.
In an attempt to answer your question, I honestly do not think that the people at Lucafund are prepared to meet anyone in person. They never have, in fact I think none of the investors at Lucafund have even talked to anyone let alone meet in person.
The most that any of us knows is the name of this person who is called James Luca Gomez. He could be the admin or he could be the big boss, no one seems to know for sure. I do not even know how this name first came to fore. I only picked it out off another forum.
The Lucafund program is a no frills set up. There do not offer any referral bonus and their website do not have the “gee whizz” factor to dazzle and attract investors. What they offer is just a 6% return per week for your spend, period. No added incentives.
Lucafund claim that they are involved in real investments - forex, commodities and stocks so I read. I have this gut feeling that they are telling the truth and they have actually already been doing it for quite a while before they open their program to online investors.
I came into Lucafund program almost purely out of faith, having followed their progress for several months before finally taking the leap.
This, to me, seems to be exactly what Mr. Luca wants from his investors, faith, and a trust in him. He will not try to woo and seduce you, but he will be there waiting for you to make the move all on your own.
Trust him and he will reward you!
Do not be afraid to come into the program. You will recover your invested capital in 17 weeks. Beyond that, everything is profit.
Regards and God bless,
Greg
I’ve come across LucaFund several times but did not draw me enough to invest. Primarily because of the low rates and the lack of DD info I could find (maybe I didn’t search too hard).
When you see programs with high rates, people don’t really ask for DD info anymore. Everybody knows it’s a game. But for relatively low rate programs, that’s when I get really curious. I’m wondering if a thorough DD has been done before anywhere, and what came of it?
Thanks.
Hi Rael,
It is true that you can find plenty of higher paying HIYP programs but how many of them have been online and paying for over 2 years ?
Lack of DD is normal but to make up for it you have a proven track record and Lucafund’s record is very good in fact good enough to put your money in.
It is a gamble but all investment is a gamble. Your risk here is 17 weeks (the time it takes to recouperate your investment).
I started with them in Aug 06 with $100 they never missed a payment. I have re-invested many times and I am now up to $4K.
Start slow gain confidence and increase along the way when you feel comfortable that they are not a scam.
Good luck.
i joined luca fund since october 06 and have received my payments every monday as promised.
LucaFund is my only HYIP that I have at the moment. Joined only 2 months ago, but have been paid every Monday. Invested 2k, and if still going my mid-summer I’ll add more. I like the fact that the admin is quite responsive to inquiries and the longevity speaks for itself. The no ‘bells & whistles’ website and an admin who keeps their members up to date are all factors for a good program to invest in.
Looking forward to joining this one as soon as I get my e-Bullion funded. I like the low key no frills approch to running a program plus 2 years running is a good indicator of the admin running it.
Goverment say’s no to e-Gold, Now what ?
http://www.usdoj.gov/opa/pr/2007/April/07_crm_301.html
This is OLD news, egold is still operating and has opened a new bank in another country to establish a complete off shore presence, from what I’ve heard. There are problems to be sure, but your quote is around 5 weeks old.
Whats this got to do with LucaFund anyway? I’m confused.
Sent a bank wire to e-Bullion today. Will be joining this one soon!
Hi again investors and future investors, I urge everyone one of you to post in forums concering Lucafund. No you won’t get any commission but you will be ensuring logetivity of the program. This is the only program still paying me every week since Aug 2006 and I’ll keep blowing my trumpet about it because Lucafund admin deserves it and because it helps attract more investors to this honest program which keeps such a low profile and yet is as far as I am concerned the safest one to put your money in.
The thing is with other programs you have to recoup investment and take the profit because before you know it they’re gone. With Lucafund I’ve always recouped my sum invested and then re-invested more. Of course we have no guaruntees so be prudent with all your investments and enjoy it while it lasts.
I think my only problem here is knowing when to stop increasing my investment and take some profit
I am in with a good size spend for me.
I don’t know if we should post and hype up this great program or it might get out of control like I have seen happen to so many others. I liked the idea of this one being under the radar and growing slow and steady. More members means more work for the admin and if this program does not need new money for longevity than I think we should keep it under control for longevity.
Just my 2 cents.
Does Lucafund have a forum ? or is there any private forum the investors can
communicate with each other .. I have just stumbled onto lucafund and here but cant find a forum, would be good to talk to others and get opinions..
So far this is the only Lucafund related forum that I have found. Funny thing is I only found this forum when a I wanted to find out whether Lucafund is a scam, so I googled something like “Lucafund scam”, then this site was what I got. ;-))
slb5 you may have a point there. I do not believe that Lucafund is looking out for too many investors, and this is the reason I believe why they are keeping such a low profile.
There have also been times when they actually brought their server offline for up to weeks on end, meaning no new investors could come in, yet they kept on paying those who have already invested like clockwork every Monday without fail. Did not seem to bother them one bit at all that no new investors were coming in.
This shows that they do not need our deposits to pay for the weekly interests.
Omnipay Africa was supposed to have opened for business on or about 18th June 2007. However till today, there is still no new announcements from the Omnipay website regarding this transition. Progress seems to be stuck on Neutral!
Has anyone heard of any new developments or any ideas regarding this?
I guess only when Omnipay Africa opens for business will stability be brought back to the confusion that is gripping e-gold users at this moment.
In many countries, the value of e-gold is sinking faster than the Titanic. Soon it will not even be worth the pixel it is displayed on.
I think I am going to start a new investment account with Lucafund all over again, this time using e-Bullion instead. It’s going to be a long road to get back to where I am right now.
As for the present e-gold investments… I will continue to re-invest everything back every week instead of cashing the interest at a devalued rate. It would be cool if not crazy to see the invested amount reaching 5 figures and crawling towards 6. O well… here goes nothing.
Now I am beginning to wonder if the Feds are going to sink to new low and attack e-bullion too?
what does omnipay have to do with lucafund.
tiger
Hello!
was just checking online how to get high yield investments and LucaFund is one of the many. How do you get high yield investments when you need to buy e-gold at 5% fee and earn 6% from LucaFund? Which means you get 1% yield only and if you sell your e-gold another % fee will incur.
Since most of you have invested at LucaFund, how much would a US$1000 yield after a week after all the incurred fees?
Thanks.
Rx
tiger wrote:
“what does omnipay have to do with lucafund.”
Well nothing directly actually, but OMNIPAY has everything to do with e-gold, and e-gold is where Lucafund investors pay a majority of the investors. Unless of course you are one of the newer ones who invested in Lucafund using e-bullion, then Lucafund will pay into your e-bullion account instead.
OMNIPAY is the primary source for e-gold exchange, the central bank of e-gold if you like. Every e-gold exchanger in the world goes to OMNIPAY to buy and sell e-gold. OMNIPAY is in reality the exchanger for the exchangers.
When OMNIPAY suspended trading following the announcement by the DOJ, all the exchangers were left out in the cold to fend for themselves. At the same time there were panic selling by e-gold users leaving the exchangers with an over surplus of e-gold with no where to go to change them for cash.
Law of supply and demand kicked into overdrive and of course e-gold started losing its exchange value. A 20% or higher levy for your e-gold is not uncommon. In fact I even know of one country where the charges have actually gone upwards of 40%.
OMNIPAY has made an announcement on their website that the suspension of exchange is only temporary pending a transition to OmniPay Africa which was supposed to have been finalised within a a few weeks with service resuming on or about June 18, 2007. Of course June 18 has came and went and we are still in the dark as regards to OMNIPAY Africa.
e-gold exchangers are eagerly anticipating the birth of OMNIPAY Africa and many of them have quite a stash of e-gold acquired by way of cheap encashments from nervous owners. The moment OMNIPAY Africa open their doors every one of these exchangers are in for a windfall.
My advice to all is to hang on to your e-gold and wait for OMNIPAY Africa to finally surface. However what if OMNIPAY Africa is nothing but a mirage in the desert? What then?
Well, Lucafund did promise that they will switch to an alternative e-currency to pay us (e-bullion most likely, since they are already accepting it) the moment e-gold becomes unusable.
So in the mean time, instead of worrying too much about our diminishing returns from Lucafund, reinvest everything back, keep our fingers and toes crossed and pray for either one of two things to happen sooner rather than later… that OMNIPAY Africa finally and officially announce their long awaited presence in the e-currency market or that Lucafund finally announce they will be dumping e-gold and switching to e-bullion to pay us. Yippee!
well thank you very much for that explanation.i had no clue how the system works.i am in luca fund with both e-gold and e-bullion.
i move my e-gold through cash cards.they charge anyware from 7-10% to load it on a debit card.
tiger
website not loading today for me
Website works good for me.
I couldn’t load it for about an hour it is fine now
I got this latest update from the OMNIPAY website…
…………………………………….
Update: June 21, 2007 OmniPay Africa had planned to become operational, conducting both in and outexchanges by June 18th. It now appears this service will be delayed several weeks. Establishment of OmniPay Africa has been on-going, designed to facilitate a remote and sophisticated payment capability to the majority of mankind underserved or excluded from traditional banking and constituting it properly is imperative. The complexities of making OmniPay Africa fully operational in an accelerated manner have been greater than originally anticipated causing this delay. We assure you we are working diligently to bring OmniPay Africa online.
Extracted from…
https://www.omnipay.com/opa2007.asp
……………………………………
Sounds like good news to me. Looks like better days for e-gold users are just round the corner.
Anyone here want to sell your e-gold for cheap?
Tiger,
Which cash cards are you using?
Greg
Lucafund Website Hacked
Those of us who have been making spends to invest/re-invest at Lucafund should be familiar with the Lucafund e-gold account of 3900292. Last Saturday, as usual, when I made re-investments spends for myself, my wife and my daughter, I noticed that Lucafund had a new e-gold account number of 3906174. However I trusted that Lucafund may have decided to use another e-gold account to ease their work load and went ahead to make multiple spends. This, as it turned out, was a big mistake!
This morning, I, along with every investor of Lucafund, received two emails from Lucafund to tell us that their website has been compromised. Apparently some hacker has changed the Lucafund e-gold spend account number from 3900292 to 3906174. This means that all who have made spends to Lucafund after Wednesday 20th June 2007, have just made some weasel of a thief a very rich little rodent.
Lucafund has made a pledge to get to the bottom of this robbery, but catching this felon who can be anywhere hidden in a dark crack on this planet, and protected behind a veil of anonymity, is nigh impossible.
The problem I think lies with e-gold. It is all to easy to open an account with them. All you need is a working email address. You do not even need to verify your identity. This makes e-gold a perfect front for felons to to do their trade. So now how do we catch Mr. 3906174? For all we know, he may even be a she, or somewhere in between, which make this lowlife an “it”, which is more likely the case! So I guess we can say sayonara to our hard earned cash for the week.
Now we come to the question of accountability and liability. We all love Lucafund, and I for one do not want to see them in trouble. My total loss for the week is about $450, small sum and I am quite willing to write that amount off, no big deal. I am not going to press for Lucafund to top up my investments by that much. Of course $450 should be a small sum for Lucafund too, but multiply that by say 1000 investors, then things start to get really serious.
I would like to say this to all “Please do not push Lucafund to be liable for our losses”. Let us not kill the goose that lays our golden eggs. We bear our losses for now, but our long term rewards will more than cover for this little glitch.
Show Lucafund our support and stand by them in this difficult time. Afterall didn’t Lucafund promised to pay us for life? So let us all ensure that Lucafund live to a ripe old age and not have its life cut short by a little common thief.
Greg M
HI Greg,
I can only surmise from your last post that you are new to the HYIP world. Having a “hacker” change an e-gold number in a HYIP program is not new. Sometimes it really is a hacker and sometimes it is the program administration themselves. Why would an administrator change the e-gold number and blame it on a hacker? Because it is the beginning of a series of excuses to close the fund down and run with the money.
I’m not saying that the Lucafund admin were the ones that changed the e-gold number or not. We don’t know for sure. There are hackers out there. However, having a real hacker is not as common as the excuse is.
Whether or not there was a real hacker doesn’t matter, your funds are still gone. It is extremely unlikely that Lucafund will even offer to replace the funds. They will say that there is no way they could know how much you deposited. Offering to send them screen prints of your deposit doesn’t help, because screen prints can be easily faked.
Here are some lessons for you:
1. Always check the e-gold number before hitting the confirmation button. If it is different, do not confirm it. Check with the administration first.
2. A “promise to pay us for life” is a lie. No one can promise that. It is hype. In fact, if you check their TOS you’ll see that there is no guarantee to pay you at all. Speaking of lies, program administrators lie regularly. Do not believe everything they say.
3. Do not blame e-gold. Administrators have a duty to protect their website, especially the spend section and the member data. Place the blame where it should be… with the program administration.
4. Do not put so much faith in a ponzi. It will fail eventually. There is a list of common excuses and having a hacker tops the list. It is probably the most common excuse. It is right up there with DDOS attacks.
5. Never deposit into a program that is having any kind of problem whatsoever. Wait until they running smoothly or they close. Don’t think about the money you’ll be losing during the problem time. Think about the money that you’ll be saving when they close.
I’d advise you and everyone else in Lucafund to get your money out as soon as possible. It may be too late already. We’ll have to see how Lucafund responds. The most common response is that there will be a delay as they “work on securing the site.” Next the “hacker” will strike a couple of more times, hitting the e-gold numbers of members. More delays. News of problems due to no money coming in, which will cause “payment problems.” And finally the closing. Sometimes it is done quickly, but usually it is drawn out for several months in order to continue to get more deposits.
This isn’t a “promise” of what will happen. It’s just that we’ve seen it all too often before. I bet every HYIP veteran out there can name 20 programs that the end all started with “we’ve been hacked.” I hope for your sake that I’m wrong. But, you’ve already taken out your seed money and some profits, right?
JMO,
Sharon
Sharon,
Thanks for all your advice and I will definitely heed them and take the steps you have mentioned.
No, I have not recouped my seed money yet since I have only been in Lucafund for a little more than two months. With a payout of 6 percent a week it takes 17 weeks or a little more than 4 months to recover your capital, but I have been reinvesting every week to make my invested capital grow. I do top up regularly whenever I have that extra money to spend. I started with only $100 but now it has grown to more than 1K.
From this week on I will stop reinvesting but instead begin to collect my weekly payouts and hope that I will get back as much of my money as I can in the next few months or until I stopped getting paid.
Before I first invested in Lucafund, I spent several months monitoring them until I was convinced that they are reliable. Of course I never truly believe the “payment for life” promise, but I just hoped that they were truly honest with a legit real world investments and not a ponzi. After nearly two years of paying like clockwork without fail, and this was regardless of whether their website was up or down, I felt sure that Lucafund may just be a real deal among the elusive 1% real HYIP in a world full of scammers and cheats.
I have in fact been involved in HYIP for many years, right back to the time when the term HYIP was not as commonly known as it is today. I remember calling them “High Yield” programs or HYP.
Six or seven years ago I was even asked by a major international bank whether I could get any group to come up with $100 million of clean money to invest with them. They offered 300% return per annum plus a return of the capital. Of course no one I knew dared to put that much money/faith in any investment program, even if it was from a bank. Of course the other stumbling block was the “clean” status with an accountable record dating back five years.
Since last year I have also invested in several of the current crop of HYIP schemes now found every where on the internet. Of course I lost money on them. This is a whole new game, requiring a whole new set of strategies. I guess I am learning fast, albeit the very hard way.
As of now, there is nothing much more I can do regarding Lucafund, but just wait and hope for the money to be paid into my e-gold automatically every Monday or Tuesday. At least I got paid today. Let’s see about next week and week after and for the next 4 months…
Thanks,
Greg
PS: Is there truly a real High Yield Investment Program out there? Other than with banks which require such huge capitals?
Hi Greg,
I haven’t received an email regarding the e-gold hack situation. Is it because I use e-Bullion?
slb5,
You read the announcements at the Lucafund “Announcements” page.
This issue seems to only affect e-gold users and we cannot even make a spend now. e-bullion users seems to have no problem yet. However, even e-bullion requires two separate batches of payment now, but you can still make a spend.
At another forum I have posted that hopefully this is just an inside job of someone from inside Lucafund trying to make a quick buck behind the backs of the main guys, siphoning funds to a separate personal e-gold account.
Let us just pray that it is just that. Other than that we are in for a rough time.
All of you know me as a strong proponent of Lucafund, but there are times we have to face and accept the facts as they are laid on the table before us.
Well life has to go on regardless of the situation surrounding us especially when there is nothing we can do to change it. So we may as well go out with a smile and be happy always. Another night has passed for me and it is a new day now. I am just thankful to God that He has rewarded me with another day to my life.
Regards,
Greg
HI Greg,
Check out EarnByLoaning and Life Holdings. There are excellent articles about them at this blog (just do a search) and good threads of information at NoBS Network Forum.
In addition, I know of another opportunity, which is high yield, but not in the HYIP arena. Just shoot me an email.
JMO,
Sharon
Hi Sharon,
Worlds of thanks to you for your advice and help. I will write to you at your email address, give me a few hours since I have hop off in a little while.
Now to everyone, here is the latest regarding the Lucafund situation, right off their website.
————————————-
News and Announcements
Tuesday June 26th, 2007 (20:25 GMT) - NEW INFORMATION - We have discovered through today’s inquiries to e-gold and our webhost and emails from several members that whomever has compromised our e-gold spend page has apparently gone as far as making payments for a few weeks from account 3906174 (which all of you know we have a separate payments account from which we make payments). We are assuming this has been done to get people to make more spends to that account. We have also discovered that the e-gold account was originally named “Tunndro’s Gold” and later switched to “LucaFund.net” which can be done at any time to whatever name one chooses. We have yet to discover email breaches except for the possibility of “cloning” our email address. We have seen one claim on a message board of someone stating they received a confirmation email from us saying… “we received your spend to account 3906174 and you will receive payment Monday”… firstly, we have NEVER stated our receiving account (3900292) in reply to ANY email requesting confirmation of spends, and we always give the specific date on which first payment will be received rather than just saying “Monday”. We have suspicions of this posting and currently have individuals determining the location of the IP address from which that post was made. We are still in the process of discovering who the owner of account 3906174 is and how the breach was achieved, and unfortunately we can do nothing about your spends made to that account. You will have to contact e-gold in reference to reclaiming funds from account# 3906174 as it is not our account. In addition (for those of you who seem to believe we are responsible), our website states that we are not responsible for hackers (Rules page) and also states OUR receiving account number (FAQ page). We will be establishing a new receiving account shortly and will notify everyone as soon as it has been done. -Admin
Tuesday June 26th, 2007 (17:40 GMT) - We are still in the process of investigating the events over the past couple weeks regarding our website and e-gold spend page being compromised. Here is what we know so far:
Apparently there have been several spends to e-gold account 3906174 which is NOT OURS due to a compromise of our website through processes called “phishing” and “cloning”, and there have even been payments made from that account for the spends received to it. Firstly, everyone who has been with us for a while knows that our accepting account# has been 3900292 for several months and we have made payments from a separate account 4382118 for months as well. We do not make payments from our receiving account and have not for quite some time. We have temporarily stopped accepting e-gold spends to our receiving account 3900292 and have changed our payments account to 4545397 (for security reasons) from which we made payments to e-gold for Monday June 25th (all on time). WE DO NOT OWN E-GOLD ACCOUNT 3906174. Anyone can establish an e-gold account under whatever name they choose and we are currently in the process of trying to find out from e-gold where that account was opened from (IP address). Secondly, everyone who has been with us for some time KNOWS that if we change our e-gold account# as we have done a couple of times over the past year and a half WE NOTIFY EVERYONE VIA EMAIL.
In addition, our email address (admin@lucafund.net) has been “cloned” through a process called “phishing” of which we have obtained evidence. We have received email from admin@lucafund.net over the past few days which we did not send to ourselves. At this point our belief is that someone has accessed our site and email through the “html” code on the site and our server and we are updating it to “chmod” (those of you who are computer techs should understand this - we are traders, not computer techs so we are trying to relate what information our techies our giving us the best we can). During this process, our e-gold spend page was apparently cloned as well and clicks were redirected to a page looking like ours only with different a spend account and interface, which again was not ours.
Those of you who have apparently made spends to e-gold account 3906174 have unfortunately made spends to an account which is not ours and therefore we can do nothing about it, even though it was due to a compromise of our website and email.
We will notify everyone as soon as we know more and have our site secure to accept e-gold again. We have been flooded with emails, so everyone please be patient as we try to respond to all of them as well as resolve this issue over the next few days. -Admin
————————————-
There you go. They may be telling the truth here, but we shall see. Obviously now no one is going to make any new investment or reinvest for a while. Like myself, I will only let my current investments run for at least a few months. That means there will be no money coming in to Lucafund for some time.
However if they continue to pay every week like clockwork as they have been doing for more than a year and a half, even if they have no new money coming into their account, then Lucafund must be the real deal, like they have been telling us all along. Then I will take my hat off to them.
For now I will play the waiting game.
Somehow I have this gut feeling, a strong sense of confidence that we are into something really good here. Let’s hope that when the dust settles and the storm clouds have blown away, it is all sunshine as far as the eye can see.
“Live long and prosper!”
Regards and God bless to all,
Greg
PS
Falcon, you have been awfully quite, let’s hear your 2 cents.
Is there no feature for editing here? I cannot correct my typos after I have posted the message… boohoo!
…above should have read “quiet” instead of “quite”.
Must learn to type more slowly!
“Paid for 66 times, thank you Admin!”.
I just posted and voted above on several monitors and wanted to put it here, too.
I don’t thing it needs more words, anyway just to say that after been paid, now for more an year, regularly and weekly by LucaFund, only 2, may be 3 times, payments were delayed but always promptly explained by LucaFund. And paid. From all Hyips, and be sure dozens and some of the so-called “5 stars” or “premium”, I invested 1 year ago, LucaFund is the only that still paying me …
It seems like everyone was paid very early this week. No delay was reported.
There were also a few who had their e-gold account blocked (by e-gold it seems) and Lucafund offered to to pay them into another account of their choice.
For all those interested, there is actually a forum for Lucafund. Just follow the link below and go to the last page to read the latest…
http://www.hyipranks.com/forums/viewtopic.php?t=258
You can post all your queries there. Rant, rave or just lurk. Have it your way.
So many people are going into profit here. It’s almost unreal.
Greg
Paid 51 times and really hope another 51 times. Invested 1000$ topped up to 1200$ this week, well i can,t loose now. See you on The hyipranks forum and heres to monday.
well guys i dont know what to say here.
i have never see luca operate like this before.
they always send an email from a different email address if the original have a problem or put an update on gold poll.
this time i am worried because it is wednesday already.
lets hope and pray that they are ligitimate.
tiger persaud
Everyone is pretty worried about the situation, including myself with 5K invested at Lucafund.net. Hopefully the scraps of info I have managed to find about the situation are true such asd this on GoldPoll.
“LucaAdmin, 23.07.2007
Our website and email systems
have been accessed by an
unauthorized person or persons
again and we are in the
process of securing all
vulnerabilities
In addition to this, we feel
that our e-gold and e-bullion
account payment systems may
have also been compromised and
we are in the process of
securing our access to both
accounts. Until we are
completely certain that we
have secure access to our
accounts we will be holding
payments for today until we
have verified this.
For the first time in nearly a year that I’ve been with Lucafund its not looking very good. However there is nothing to do but to wait and hope its a temporary hitch and will be resolved.
I would say this is not looking good? And probably the same lame old way of exiting the scene. *Being Hacked.
THIS SUCKS!!!!!