RicanAdFunds Review — Not Paying

 

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Site Launch: September 25, 2012

Contact Details:

Owner: Richard Cannon

Admin: Russell Chapman

Email: ricanadfunds@gmail.com (If you have problem please send to the attention of Mr. Russell Chapman)

Blog: http://ismmagic.com/989-ricanadfunds-news.html

Facebook groups of IsmMagic/lmsincome/Ricanadfunds of Indonesia and the Philippines are available and will keep you updated plus you can interact with the owner and/or admin:

Facebook/Indonesia — Admin of the FB group is Rully

Facebook/Philippines — Admin of the FB group is Joey WealthBuilder Biz

Simply ask each Admin to add you by submitting your username in RAF

The site states:

Welcome to RicanAdFunds, brought to you by Rican Professional Networks Limited following the successful launch of ismAdsIncome. Please feel free to look around the site and learn more about the business model. Our support is more than happy to assist you and provide any assistance necessary. Thank you and see you around, Rican Administration.

+ $15 per Advertising Position
+ Earn 2.00% Daily – For 125 Days
+ Earn 2.00% Daily – 60% per Month
+ Earn 250% per Position
+ 100% Passive
+ Daily Payments per Ad Unit
+ Minimum Cash Out $15
+ NO need to Login or Surf to Earn
+ Increase Your Earnings with Daily Compounding
+ Earn Without Sponsoring
+ 3 Referral Bonuses: 7%, 5% and 3%
+ Available to People in All countries
+ Our Responsive Ads Promote Your Business

Plans:

There is a single plan available. Each advertising position you purchase for $15.00 and they will pay you 2% daily for 125 days.

This will actually be a total of 250% because it includes your original deposit — so your total profit is 150%.

With each $15 advertising package you purchase you obtain:

5000 468 x 60 header ads
5000 125 x 125 banner ads
5000 text ads

Minimum

Each Ad Pack is $15.00.

Purchase Approval:
All purchases are approved manually, normally within 24 hours of purchase.
PLEASE DO NOT SEND IN SUPPORT TICKETS OR EMAILS REGARDING NON-APPROVAL OF PURCHASES UNLESS 24 HOURS HAVE ELAPSED.

Compounding:

Compounding is available

Principal Withdrawal:

Principal is included in your total ROI

Payouts:

Minimum Cash Out (Withdrawal) is $15.00

Business/Calendar Days:

Calendar Days

E-currencies accepted:

They accept Liberty Reserve, Perfect Money, Solid Trust Pay and EGO Pay

Site Information:

RicanAdFunds is a revenue sharing program that sells advertising (Ad Packs)

RAF is backed by…
RICAN BUSINESS VENTURES LIMITED
Rican Business Ventures is an established company in the UK and is owned by Richard Cannon
72 HAWKRIDGE DRIVE
PUCKLECHURCH
BRISTOL
UNITED KINGDOM
BS16 9SW

Company Registration No.: 08008340
Incorporation Date: 27 Mar 2012

Referral Program:

RicanAdFunds has a 3-tier referral program paying 7% for 1st level, 5% for 2nd level and 3% for 3rd level.

Support:

Standard Support Ticket

Email: ricanadfunds@gmail.com

Main Forums

MoneyMakerGroup

Talkgold

Comment:

For quite some times I’ve had a banner under our “Partners” on the left hand side of the site. I have had a few members ask about the program so thought I’d do a quick review even though it’s a revenue sharing/advertising program. If you’re looking for something that is risky but not traditional HYIP you might be interested in this. With a program such as this you earn by purchasing “ad packages”. Earn passive income and add your site to their rotation. The owner of RicanAdFunds also introduced ismMagic which has now been online and paying for 186 days.

This program features —

*** NO RESTART according to the TOS on the date of this post

*** The owner, Richard Cannon, who is also the owner of IsmMagic and Ismadsincome which provides a backup business

*** This same owner is accessible on Facebook.

Stats on RicanAdFunds:

As a comparison as of 2/2/13:

Online Days: 129 days
Total Members: 24906
Total Paid: $3 942 064.52
Users Online: 161
Purchases: $5 324 205.00

and as of 2/19/13:

Online Days: 146 days
Total Members: 31269
Total Paid: $6 371 887.29
Users Online: 141
Purchases: $8 012 745.00

From this we can see how quickly they are growing. They recently upgraded the site and here is the post from the Owner:

All payments have been processed – and all is well with the new Phase 2 updates. EgoPay will be back on for purchases and withdrawals very soon and it is still an amazing pleasure to see so many people earning everyday – people say ‘RAF rocks’ but I say ‘YOU rock’ :) YOU are the ones that make RAF what it is – we want to make it better and will be improving constantly – thank you all for your support, patience and just for being you :) Posted by Richard Cannon half an hour ago(16th February 2013).

I know many of you are familiar with Advertising programs…I am not. I do know that for me this is a great totally passive income program which has been paying me for three months on my very small investment. Please remember, you must have a minimum of $15.00 in order to request a withdrawal and I realize this may not appeal to some of you. For others who don’t mind investing and waiting to withdraw this program may be to your liking. Just remember, invest only funds set aside for high-risk ventures and always Play Safe!

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21 Responses to “RicanAdFunds Review — Not Paying”

  1. Amanda says:

    RicanAdFunds Review Published! (Revenue sharing/Advertising site)

  2. Amanda says:

    The site is temporarily down. Please consult the “blog” for updates:

    http://ismmagic.com/989-ricanadfunds-news.html

  3. apirak ngsriwongse says:

    Additional update from Richard Cannon just received:

    Richard Cannon Latest Post Updated :)
    It has never been our style not to let you know what is going on. I repeat that I never said that there would never be any issues, I just said that we would always do everything for the best of our members. As we updated code we became very aware of a security issue that we don’t want so after discussion with Russell and our technical team we have decided to encrypt all the code, have a dedicated server per site and also another server just for the support software – this is being done now and as soon as the encryption is completed and fully tested the site will be back up. This will be Tuesday at the very latest. All earnings will be paid and RAF as it is growing very fast will only be better and stronger – thank you to you all – we appreciate you for your support and patience and for making RAF what it is today.

    :37:23 PM] Russell Chapman: Whenever the site has been down the earnings have always been updated as they should

    Site Security & Code Encryption
    written by Russell ISMmagic, February 22, 2013
    We appreciate that member’s are keen for the site to be up again, but are aware of a previous security issue that has recurred.

    For the benefit of all we are assessing various encryption options and the site will remain down until all the code is encrypted.

    This may take until Tuesday 26th February.

    KINDLY NOTE THAT THE PROBLEM OF SCRIPT WILL NEED SOME EXTRA TIME TO FIX THAT’S WHY THE SITE WILL BE DOWN UNTIL 26TH FEBRUARY 2013 THUS YOUR PATIENCE IS HIGHLY APPRECIATED.

  4. apirak ngsriwongse says:

    LATEST UPDATE ABOUT THE DOWNTIME OF RICANADFUNDS AND ISMADSINCOME SITE:

    this is the most up to date update from Russell:Site Security & Code Encryption
    written by Russell ISMmagic, February 22, 2013
    We appreciate that member’s are keen for the site to be up again, but are aware of a previous security issue that has recurred.

    For the benefit of all we are assessing various encryption options and the site will remain down until all the code is encrypted.

    This may take until Tuesday 26th February.

    [8:37:23 PM] Russell Chapman: Whenever the site has been down the earnings have always been updated as they should

    Additional update from Richard Cannon just received:

    Richard Cannon Latest Post Updated :)
    It has never been our style not to let you know what is going on. I repeat that I never said that there would never be any issues, I just said that we would always do everything for the best of our members. As we updated code we became very aware of a security issue that we don’t want so after discussion with Russell and our technical team we have decided to encrypt all the code, have a dedicated server per site and also another server just for the support software – this is being done now and as soon as the encryption is completed and fully tested the site will be back up. This will be Tuesday at the very latest. All earnings will be paid and RAF as it is growing very fast will only be better and stronger – thank you to you all – we appreciate you for your support and patience and for making RAF what it is today.

    PLEASE KINDLY TAKE NOTE ACCORDINGLY.

  5. Amanda says:

    Latest update from Admin:

    written by Russell ISMmagic, February 25, 2013
    As stated in previous post the site will be back up sometime tomorrow (UK time), please do not ask for a specific time estimate.

    We are testing the updates and encrypted versions of the code now.

    So definitely it is going to be up tomorrow for sure 100% as promised.

  6. Amanda says:

    Site is now back up and all of my ROI is credited :)

  7. Amanda says:

    PLease read this from the Admin:

    Richard Cannon
    There is a bug – when payments are in progress is should set the status to ‘in progress’ but it set it to cancelled – this will be fixed in a few minutes so please don’t worry – they are not cancelled and you do not need to withdraw again. All re withdrawals will be cancelled so as not to put your accounts in negative – as soon as this is fixed payments for LR will resume :)

    Richard Cannon
    I have had to cancel all pending withdrawals for STP, EP and PM due to the bug this morning in mass pay. Some withdrawals were resubmitted giving the accounts a negative balance and so by cancelling all of the above this has been rectified. If you have a genuine (not a double up) withdrawal you can resubmit it – thank you :)

  8. Amanda says:

    From my Sponsor:

    HAVE JUST RECEIVED FOLLOWING MESSAGE FROM RICHARD CANNON POSTED ONE HOUR AGO:

    All payments from yesterday have been paid – finished the last ones this morning. STP, EP and PM have already been paid for today and we are now working on LR – these will be processed throughout the day. Please don’t send in support tickets or messages if you haven’t had your payment yet we will get around to it as soon as possible and answering tickets etc only slows us down – still great to see so many people earning – have a great day everyone. :)

  9. Amanda says:

    From Richard:

    Just an update – I am still not well but have started the payments because I don’t like having pending payments. I will be catching up today and hope to be totally up to date by Monday – I am sorry for the delay – this only emphasises the need for someone else to be able to process payments – all will be put right asap :) Thank you agin for your patience and support :) FROM GROUP FB OF RAF posted by Richard.

    Thank you Richard and hope you feel better soon!

  10. Amanda says:

    From FB Group — post from Richard:

    Richard Cannon
    A new day :) Am I feeling better? NO !!! But I am progressing with payments and will continue to do so today for both sites RAF and ISMAI – I am sorry for the delay but I am doing as much as I can and we will be all caught up by Monday evening UK time even with the weekend payments. I truly appreciate your well wishes for me and your patience and support – RAF is only as great as its’ members – thank you :)

  11. Amanda says:

    Update:

    We will see what Monday pm (UK time) brings…hopefully the LR and PM payouts will be caught up.

    There should be no problem with STP and EgoPay since they are masspay and should be automatic.

  12. Amanda says:

    Withdrawals Update
    written by Russell ISMmagic, March 12, 2013

    Liberty Reserve

    There are currently 343 LR withdrawals “in progress”. Richard despite being ill will process these as soon as he possibly can. He has processed 3000+ of these so far this week.

    The current LR interface allows us to only process 20 withdrawals at a time. The new LR api (automatic processing interface) successfully passed its initial tests. It will be retested after some minor code changes and be live by Friday (9th March), together with other updates.

    We will commence processing current LR Pending withdrawals when the new api is available and anticipate being up to date by next Wednesday (20th March)latest.

    EgoPay, PerfectMoney and STP Withdrawals

    These are significantly easier to process than LR and are being processed on a daily basis.

    I am meeting with Richard later this week and will deal with any withdrawal / purchase support tickets during that meeting.

    My sponsor told me he has seen many STP “paid posts” but not LR. He’ll keep us posted.

  13. Amanda says:

    for maintenance
    Russell ISMmagic
    Site Update & Downtime 15th February Advance Notice
    written by Russell ISMmagic, March 14, 2013
    Tomorrow (15th March) we will be updating the RAF code. We will provide a 30 minute advance warning that the site will be taken down.

    Updates include

    1. New Liberty Reserve API
    2. Revised “Manage My Processors” page including not being able to add duplicate processor IDs & accounts NOT being suspended for attempting to do so.
    3. Enhanced unseen security

    Before the system is brought back up we will do the following:

    1. Back up the database
    2. Delete all Cancelled, Failed, Rejected & InvalidID Processor IDS;
    3. Re-activate all accounts suspended due to duplicate IDs;
    4. Run our new database purge routine that will delete,
    a) all cancelled transactions over 90 days old,
    b) all cancelled withdrawal transactions over 60 days old,
    c) all entries in the iphistory table over 7 days old,
    d) all cancelled, failed, rejected and invalid processor IDs over 7 days old,
    e) all testimonials over 90 days old,
    f) all members accounts over 60 days old that have no referrals, no referral commission, no transactions, no add units, and no withdrawals
    g) all applicable items relating to g above

    The new purge routine will be run on a daily basis thereafter.
    Russell ISMmagic
    Suspended Accounts – Duplicate Processor ID Update
    written by Russell ISMmagic, March 14, 2013
    When the new system updates are loaded tomorrow:

    Attempting to add a duplicate processor ID will no longer cause the member accounts to be suspended.
    It will give an error message “Processor ID …. in use by another member”

    Once the new code is loaded I will purge the database of “Rejected” processor IDs and re-active all member accounts currently suspended due to duplicate processor IDs.

  14. Paul says:

    Hi, I was paid by RAF 3/13/2014 into STP account , are they still on hold ? Paul

  15. Amanda says:

    Here’s the update from RicanAdFunds:

    Withdrawals
    written by Russell ISMmagic, March 18, 2013
    Richard has started to process withdrawals this morning.

    Our original target to be up-to-date with withdrawal payments was this Wednesday (20th March). As a result of the extra work of having to manually approve purchases, our revised target is Friday (22nd March).

    Associated support tickets – do not send in support tickets asking when your withdrawal will be paid the answer is above. If your withdrawal shows as being paid but you have not received it, please send in a support ticket.

    Purchase Approvals
    written by Russell ISMmagic, March 18, 2013
    Auto approvals for STP & Liberty Reserve are again working. EgoPay & Perfect auto approval will be fixed this week.

    Richard is approving purchase now.

    Related Support Tickets. – Do not send in support tickets, this week, relating unapproved purchases unless the purchase was made on or before 14th March.

  16. Paul says:

    went to site and all withraws are on hold .

    • admin says:

      @Paul. I have several updates…not sure if they are valid reasons or excuses but here they are:

      Richard Cannon
      I will be working this weekend to continue to process payments. We lost a lot of time yesterday with the site being down so much so I will have to catch up the time lost. Still positive though :)

      Withdrawals Update
      written by Russell ISMmagic, March 23, 2013
      We apologize for not clearing the backlog of withdrawals by yesterday, but the attempted unsuccessful hack combined with effectively having to rebuild the server cost a significant amount of time.

      Richard is processing further withdrawals today.

      Our first priority is to clear all withdrawals on ismAI & RAF requested up to the 18th March. Then we will process the balance.

      Ongoing Server Maintenance
      written by Russell ISMmagic, March 22, 2013
      The site / server will be down for the next 2 to 3 hours while we undertake essential server maintenance.
      Russell ISMmagic
      IMPORTANT UPDATE
      written by Russell ISMmagic, March 22, 2013
      Due to circumstance that we have yet to ascertain the RAF / ismAdsIncome server crashed at approximately 02:30 (UK time) today.

      We suspect this was due to an unsuccessful hacking attempt, as clearly there are those who are determined to destroy our online businesses..

      They will fail. WE WILL SUCCEED..

      The operating system on the server has been re-loaded and updated (completed 11:45 UK time) and we are now able to access the database.

      This event has unfortunately cost us ½ day of working time.

      RICHARD IS NOW PROCESSING WITHDRAWALS AND WILL CONTINUE TO DO SO UNTIL THEY ARE ALL CLEARED.

      We have taken the decision to PAY all current withdrawals before allowing further withdrawal requests. For this reason the site is under maintenance, when we put it back up later today withdrawals will be temporarily disabled.

      As soon as all current outstanding withdrawal requests are processed we will re-enable new withdrawal requests.

      Thank you for your continued support .

      Update
      written by Richard Cannon , March 22, 2013
      We are doing as much as we can – I have just started work and found the sites down too and am trying to find out why. There are people that are not even members that are trying to destroy the sites especially RAF and we have to fight against that each day – it is no fun for us either. Certainly if people lose faith – and I can understand that – we have little reason to carry on I guess we are not the types to quit thought and let ourselves be beaten by destructive idiots – I am sorry for the delays bit I/we are truly doing all we can against the odds right now
      Russell ISMmagic
      Selling Accounts & Money Laundering
      written by Russell ISMmagic, March 21, 2013
      It has come to our attention that that some members either have or are attempting to “sell” their RAF accounts.

      Whilst you may sell the beneficial asset of advertising credits remaining on your account, the person taking over the account may not receive any “profit share” as this constitutes money laundering.

      Any “sold” accounts will be suspended. The remaining unallocated credits and any referrals will be transferred to a new account that the “buyer” nominates. There will be an administrative charge levied for this service.

  17. Amanda says:

    I have been gone and just checked — I received my withdrawal:

    03/20/2013 16:56 136562185 U5896764 (RicanPNSites)

    I believe the hold is so they can get everything caught up and secure the site. My withdrawal had been pending since 3/12 but it’s now complete.

  18. Amanda says:

    and the saga continues:

    Server Update
    written by Russell ISMmagic, March 25, 2013
    Due to corruption of the server operating system, we are having to rebuild it and synchronize the versions of all the relevant code.

  19. Amanda says:

    From Facebook Group — posted by Richard:

    NO WE DON’T THINK YOU ARE STUPID – There is no logic to us being so open and available and then trying to scam you – that makes no sense – I understand your frustration but please understand ours at being constantly attacked. I have discussed a solution with Russell this morning that will bring and end to all this negativity and make RAF and ISMAI the sites we want and need them to be for all our members. RAF and ISMAI are both very important parts of Rican Group and esential to future growth.

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