UPDATE 2/1/2019: Multiple commenters have stated that Lucrazon is no longer active or responding to calls or emails at this time. Lucrazon’s website remains active, but the company itself appears to have folded, possibly more than a year ago. Lucrazon’s founder Alex Pitt may have moved on to other ventures, and he may be operating those ventures under a new alias.
Lucrazon (lucrazon.com and lucrazonglobal.com) is an e-commerce merchant account provider that appears to maintain two separate sales channels to market two very different programs. The first, known simply as Lucrazon, is an all-in-one e-commerce solution that is similar to BigCommerce or Volusion.
The company’s other branch goes by the name Lucrazon Global, and it appears to bear some resemblance to a traditional multi-level marketing (MLM) program. Lucrazon Global recruits e-commerce merchants to become Brand Partners for a one-time buy-in of $1,000 per unit plus $50 per month, and these Brand Partners are then encouraged to enroll other merchants in the program and earn commissions on the revenues generated through these referrals. The merchant’s initial investment purchases Lucrazon’s all-in-one solution plus the ability to set other business owners up with merchant accounts through Lucrazon. Although the company plainly states that Lucrazon is not a MLM enterprise, merchants should note that its Brand Partner program is structured so that members are encouraged to buy in for an initial amount and then recoup that investment by signing up other merchants with the program.
One report from a former 72-year-old Lucrazon investor named Josef Kofman who eventually sued Lucrazon for elder abuse can be found here. Aside from recounting a harrowing ordeal for Mr. Kofman, the report suggests that Lucrazon’s founder has moved on to another venture called NetVence.
Lucrazon appears to have been launched in early 2014, although there is some evidence that it had a “prelaunch” phase of operations for an undetermined amount of time preceding its official launch. The company is a registered ISO/MSP of Merrick Bank, South Jordan, Utah, and is headquartered at 8855 Research Dr., Irvine, California, 92618. Alex Pitt is the founder and CEO of Lucrazon.