lewfamclub.com Review

Lost a considerable amount of money from lewfam just days after I invested with this highly recomended organization. I dont have the extra resources to just loose out. Would like to know more on this subject. Who can I contact. Is there any class action response ?

Lewfam like Olint promised returns and seemed too good to be true and many of us looking to increase our returns got scammed out of it.

Who is pursuing Lewfam for the return of funds. Everyone is after Olint or David Smith but Lewfam is equally culpable and I am sure they have not suffered any loss. While their site was up and they still responded to phone calls they continuously gave a song and dance but never had the decency to level with their investors. They have a responsibility to account for the funds they have received from persons like myself. Will someone speak up?

I have been scammed i have requested my money several times and was told some sad story or another. It is so sad that David smith brought his scam to Jamaica to deplete poor people of their already small incomes and savings. please come clean and refund the Jamaican peoples cash.

FYI: Lewfam is essentially Olint or David Smith formerly of Jamaica, now Turks & Caicos Islands. Although Olint has encountered many struggles, they have always taken care of their main client, Lewfam. That being said, Lewfam is not managed forex and should not be viewed as such. A managed forex account means that you retain custody of your funds at the broker and the trader only functions through a LPOA. Lewfam operates much like a private hedge fund, but without the sale of shares and without the disclosure of performance fees versus gross profits. More importantly you do NOT maintain custody. You are simply told this is how much you earned on each particular month.

If you want a managed forex account, then you need to keep looking. I honestly have nothing bad to say about Lewfam and in fact they participate in a lot of charitable work, but if disclosure, transparency, control, etc. are in your sights - move along.

Lewfam is a private club and I can't even honestly tell anyone how or under what laws they operate. Money goes into Prosperity Bank and then... poof. You send in an "encashment request", wait about a month, and then receive your wire. No one can tell me how this is legal. A domestic fund that manages forex AND TAKES CUSTODY is a hedge fund, but in this case the money is going to some undisclosed location.

In all of this questioning about Lewfam I honestly am just trying to understand the operating structure. With everything that I've studied in trying to start my own forex fund, it simply doesn't make sense. For example, you can't charge a performance fee to a non-accredited investor, but Lewfam clients have no way of knowing what they are being charged other than the fact that it's a couple percentage points lower than what Olint members receive.

Again, as this site is devoted to protecting people from scam, simply be aware that as good as Lewfam is to their clients and as good as their returns have been, there is no transparency and it is not a managed account.

Been with the company for about a year. They average about 8% monthly. Encashments take about a month to get out and they are kind of slow to respond to customer service questions but besides that they're great.