Beware Lubona Enterprises

Affiliates, Affiliate Managers, Operators ,

I would like to Warn you all to stay away from a company called Lubona Enterprises Ltd. who represent the following companies , Royal Capital markets , Empire option, Exclusive Gambling, Gambling Hispano, Empire Money.

We recently went on conference to South America and met them there where we agreed that they would represent us in the Latam and Spanish markets in the aim of acquiring new affiliates from these regions .We had paid them a substantial Fee for this service.

They have failed to deliver on any work agreed to in our contract and we have made every effort to assist and work with Lubona to make a success of our venture, However after many weeks of back and forth to try and resolve this issue amicably it has come to a point were all our communications regarding the unsuccessful campaign have been ignored . We are now forced to take legal action to try recoup our funds.

This is a Warning we have to share with the gambling community to prevent a repeat of this behavior.

Thanks

Myron Saacks
Red Returns

Dear Affiliates, Affiliate Managers, Operators,

As representative of Lubona Enterprises Ltd, I write this post as an answer to the previous comment and in order to provide more information to the community on this matter.

As we all know, every aspect of life, no matter how thin you cut it, has two sides. Business does not escape from within this concept, and in this sense, our company has a very different view of the facts described above, moreover, based on the contract signed by the two companies.

Last year, in October, a staff from Red Returns travels from South Africa to Buenos Aires, Argentina, to attend an online gaming affiliate event we organized. Given the considerable success of the event in terms of affiliates´ and operators´ attendance, and after a pleasant mutual approach, Red Returns decides to hire Lubona Enterprises Ltd. to handle their affiliation in the spanish-speaking markets.
After a month of negotiations, both companies agreed to work together starting the second half of November 2010.

In spite of the fact that a team was put to work on this task in Lubona Ltd. 2 weeks before the starting date of the agreement, and achieving good results; the payment that was supposed to be processed in advance took more than 1 month to be deposited. However, Lubona´s services did not stop during this period.

Once this period reached its ending date, Lubona Enterprises Ltd. raised the minimums established previously to continue working together, something that was established in the original contract. Unfortunately, Red Returns does not have the financial solidity to pay Lubona Ltd. for the renewal of the agreement, so based on the good relationship between the two companies, we decided to stop providing our services.

Every single email was answered in time and respecting the terms of the agreement between both companies. Lubona Enterprises Ltd. fulfilled every aspect of the agreement. The price of the services established in the contract was tripled to a minimum to be renewed.

Unfortunately we are not a charitable organization; we need to make money to keep on working, and in this sense, we continue our commercial relationships with operators that pay respecting the dates and that fulfil the contracts that bind them.

We don´t have any complaints in terms of our personal ralationship with Myron Saacks or Neil Copans, but we do have them professionally with Red Returns, whom to this day, still owes us money.

We don´t have any problems in uploading the original contract between Lubona Ltd. and Red Returns, as well as screenshots with our results, results that at least doubled the initial expectations accorded between the two companies.

Best regards to everyone and sorry for the nature of this post.

Without prejudice

Red Returns response to these several dangerous, defamatory and unsubstantiated assumptions and allegations made by LUBONA ENT will be addressed through the appropriate legal channels available, and we are sure the affiliate community does not want to be pulled into a continuous rebuttal between the two parties over this issue as this was not the intention of the post.

The intention of our original post was to inform the affiliate community of our bad experience with Lubona and the non performance of services based on a relatively substantial amount of money paid to them . We fully respect Lubona Right to reply and I'm sure the Affiliate community can make up their own minds,based on their individual dealings with both companies,whom to believe

Thank you for letting us know about this!

Thanks for the post!

Posted from last year but it does make you wonder about the company.

Most business in all industries starting off with an up front payment before any work has been done will usually end up with both sides unhappy...

This is NOT true. Blanket statements such as the above are easily shown to be invalid.

As an example, if I were being contracted to build a shopping cart website for a client, I require a heathy deposit up front before the work is started. If the client can't come up with the deposit, or claim they can get the same work elsewhere without having to cough it up, seeya.....Customizing a cart for someone whether OS Commerce, zend or whatever can be quite a bit of work and often I have seen developers burned by not taking a deposit.

Another example, if a client wants me to build them a custom built gaming computer (or a server) I usually require at LEAST a 50% deposit up front. Due to the nature of parts going down in price over time I will not purchase special order parts up front for a build unless there is a guarantee they will be sold.

Another example, if someone orders links from me, I require payment up front...100%.

I have never had a buyer be unhappy with their purchase yet.

Rick
Universal4

I said most, not ALL. Very often service providers who demand payment up front lose a lot of the motivation they initially had before cash was in the bank. .. Wasn't necessarily referring to webmasters/developers. Seen it happen with architects, lawyers, accountants and other reputable professionals.

Many lawyers will not take on cases (unless they are contingency) without a retainer. That doesn't make them less professional, and in fact the better the lawyer the more prevelanty thei policy usually is with them.

I have never run accross accountants that ask for fees up front, but if I trusted the accountant enough to give them the keys to my business giving them a deposit on work to be performed would not be a bad thing....whether you pay them in advance or not you have to provide them with enough information that if you don't trust them don't let them look at your books.....

I am sorry this happened to Myron and hopefully this contract dispute can be worked out.

Rick
Universal4

Quote:

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Originally Posted by MyronRF

we are sure the affiliate community does not want to be pulled into a continuous rebuttal between the two parties over this issue as this was not the intention of the post.

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These "he said, she said" posts rarely produce anything productive, so you were right to end the conversation there Myron. It would be interesting to hear what happend with this though?

every programmer i paid xx% upfront didnt finish their jobs

i had one from the USA, who got paid $600 upfront and didnt do anything and claimed to take 400$ as i didnt wanted him anymore to do it ... besides nothing was done or even started

thats why i would never pay upfront to any programmer , name of the programmer company was bonk media in Utah
bonk-media.com

for all cases someone wants to hire them

You clearly chose the wrong programmer. I don't know too many programers worth a damn that wouldn't charge a deposit up front before starting a job...

Rick
Universal4

I've had experiences with programmers that both take money upfront and don't and never had issues with either. To clairfy the programmer who took money up front is actually fairly well known within this industry (more about that soon) and did fantastic work and the programmer who didn't is unknown though i would highly recommend to anyone, once they've finished my job!! I guess i've just been lucky.