Interview with Benjamin G.Navarro, KAOnline
Interview with Benjamin G.Navarro, KAOnline
Done by Jude “NOBULLSHIT” 20 Juni 2006
Hi Ben, thank you for accepting the interview for KAOnline with us, personally I’m also interested to know a few things and I’m sure our readers are sharing the same thoughts as well.
Do introduce yourself and why was KaOnline formed?
My name is Benjamin Garcia Navarro, and I am the Managing Director of KA ONLINE INC., a St. Kitts and Nevis Company. I also sit on the board of directors for KA HOLDINGS INC., KA HOLDINGS S.A. de C.V., and KA ONLINE LLC, all of which are registered corporations in various parts of the world where we do business.
A little on my background; this past 5th of June I turned 49, and besides the obvious “Almost 50” party, I also celebrated my 27th year in the Corporate World, and my 19th year specializing in finance or financial related businesses. I have vast experience in Hedge Fund and O.R.E.O. Department Management (Other Real Estate Owned), as well as the general management of medium sized financial companies. I have worked on 3 continents and speak both English and Spanish fluently.
The decision to form KaOnline was not mine; however I can tell you why I decided to be a part of it. I had previously been taken by this industry some years ago. I saw potential here, but at the time I was not in the position to do anything about it. After being introduced to KaOnline and reading through the original business model and Fund analysis’ I was very interested. I did a decent amount of research on my own prior t accepting the offer, I talked with some of the Fund Management Team members, a few of the business contacts associated with the now entitled RD Fund, and went through over 18 months of self audits done by the directors. After my experience with HYIP’s I began to follow a new credo; never plunge into anything until you personally satisfied with its stability and worthiness. KaOnline passed the test.
I understand that KaOnline Inc. is a registered corporation. Is there any reason why KaOnline chose to be incorporated in St. Kitts/ Nevis?
KaOnline is actually registered in various jurisdictions, the reason being that in order for us to do business in certain countries, or with certain companies, we are required to be incorporated either in the same country or within a certain country, usually for tax and auditing purposes. The St. Kitts and Nevis Incorporation was done especially for use with the KaOnline web site due to it being offshore, its tax advantages, and its acceptance by the banking industry.
How different is KaOnline from other investment opportunities in the market?
From my point of view, being an investor myself, I would say that there are several factors that make KaOnline appealing, such as; our customer service. We make sure that all inquires are answered within 8 hours. Our user friendly web site; our web site was beta tested by over 100 individuals from various backgrounds, and 98% of then agreed that it was very easy to navigate and informative. Our portfolio of G.O. Funds; we offer a wide range of investment options that appeal to even the most seasoned online investor. Our accounting; All withdrawals are paid promptly and our system is almost cheat proof, giving our clients a sense of security. Our secure web site; we offer PIN based account access, Turing numbers, and Prolexic DDoS protection. All this is done in order to make sure KaOnline is secure.
Since your other interviews, has the workforce of KaOnline changed? Is there new addition to your team members and could you briefly describe the job scope of each individual in KaOnline?
No changes have been made to date since my last interview; however changes are planned in the coming months.
As of right now I am basically a one man show, however come July 1st, my now Executive Assistant, Sylvia, will move into a more encompassing position of Call Center Manager. She will be taking calls and monitoring the online chat interface during normal business hours. One of our directors will also be a full time employee of the Call Center. Kevin will handle 90% of the chat workload both during and after normal business hours. As needed the number of both in-house employees and outside employees will grow to around 10 to 15. The need is simply not there right now.
KaOnline also employs a permanent account, Miss Rebecca Manzanilla, and a corporate lawyer, Mr. Luis Hernandez.
Has KaOnline ever thought of acquiring a physical office to work with members instead of only having online virtual presence? You do have a “Fly FREE with KaOnline” campaign, briefly describe what is it about and has the campaign started?
The call center, for all intensive purposes is a physical office; however opening the office to the public is not something we plan on doing, for several reasons. Opening the office to the public, and allowing investors to just walk in, is not as simple as it sounds. The business licenses needed for the call center are one thing, and when the tax man pays his semi annual visits to the call center we can justify its existence with other business we operate and pay tax on. If we were to open the office to the public, eventually we would be audited and without the proper licenses we would be shut down, our accounts frozen, fined, and possibly jailed. Since we hold accounts in several countries this would adversely affect a majority of our business.
The “Fly for FREE with KaOnline” promotion basically involves us giving away American Airlines Frequent Flyer Miles to our Account Holders based on the amount of money they have on deposit. The AA Miles will be credited monthly at a rate of 150 miles per $1,000 that the Account Holder has either in their S.E.E.D. Account, or in anyone of the available G.O. Funds. KaOnline Account Holders can earn up to 60,000 AA Miles per year.
In conjunction with the Fly FREE promotion we will also be launching what we are tentatively calling the “Up close and personal” campaign; were a representative from KaOnline will fly to meet with qualified investors anywhere on the globe, spend a day with them, answer questions, have lunch, chat, etc. This campaign will be made public along side the Fly for FREE promotion, but won’t be officially put into play until late 2006.
Could you describe in detail on how your plans work for investors? How is KaOnline generating returns for investors?
Currently the KaOnline Portfolio consists of five (5) active G.O. Funds;
AA Fund (All Arbitrage Fund)
Areas of investment;
Interest Rate and Volatility Arbitrage
Emerging Markets Arbitrage
Capital Structure Arbitrage
Equity Relative Value Arbitrage
Convertible Bond Arbitrage
Statistical Arbitrage
Sports Wagering Arbitrage
RD Fund (Re-Development Fund)
Areas of investment;
Small to medium size construction companies in areas of the world under intense infrastructure development or re-development following some type of catastrophic event or natural disaster. Monies are placed with brokers in the country in which the company is operating, to buy shares or stocks on that countries open market, or are placed
directly with the company as short term loans, or mid term profit sharing type partnerships.
MXMB Fund (Mexican Mercado de Bolsas Fund)
Areas of investment;
Mexican Stock Market, the Mercado de Bolsas in Mexico City
CPW Fund (Currency Pairs Weekly Fund)
Areas of investment;
Foreign Exchange Market, focusing on one currency pair each period, only trading the selected currency pair throughout the entire period.
IDF Fund (Inter Diversification Feeder Fund)
Areas of investment;
Pure Feeder fund; a fund that conducts virtually all of its investing through another fund or funds, in this case the existing G.O. Funds offered by KaOnline.
Each G.O. Fund has its own set terms, including individual term lengths, risk to return ratios, minimum deposits, etc. Detailed information along with a small “Mini Prospectus” on each Fund can be found inside one’s KaOnline Account under the G.O. Funds Transfer link. Although each G.O. Fund invests in a different industry, there objectives remain the same, as do their overall diversification architecture.
Outlined main investment industry – 65%
As described in each G.O. Funds mini prospectus.
Cash or equivalent – 9%
Held in one of a handful of KaOnline controlled Class A bank accounts.
Medium term notes – 10%
Basic medium term paper trading, p-notes, bonds, etc.
Short term notes – 5%
Basic short term paper trading, p-notes, bonds, stocks, etc.
CD or equivalent – 2%
Private and publicly held certificates of deposit or equivalent interest bearing fixed term notes in both banking institutions and with private fund managers.
Inter-fund diversification – 9%
Diversification into other privately offered G.0. Funds.
All privately offered G.O. Funds on this web site have passed through a rigorous 12 point evaluation before being made available to you, our client, to ensure that the fund is both structured to maintain it’s viability based on past market fluctuations, and that our diversification architecture is applicable, and allows the fund to grow at it’s maximum potential.
KaOnline has also promised a Call Center option for members, is it up already?
The call center was originally scheduled to open on June 15th, however due to delays in the final installation of our PBX system we have pushed back the date to July 1st.
The security features must be costing KaOnline a bomb! Exactly how much does it cost for you to maintain the sites?
Currently the costs for maintaining the KaOnline web site, which include; Dedicated Server, Maintenance Costs (developers), and the Prolexic Clean Pipe average around $4,500 U.S.D. per month.
Since the interview with HYIPInvestment, how many active members do you have now?
As of today we have 423 active Account Holders.
Is E-gold and E-bullion still the only option of investment? We did see the volatility of gold prices these weeks. Is KaOnline suffering from any loss with the mentioned factor?
From the start we have accepted Bank Wire as a deposit option. This option is by far the most cost effective as there are no fees associated with this option when making a deposit, and depending on your withdrawal amount there is also no associated fee when withdrawing.
The gold price fluctuations do not have a big effect on our bottom line as we move funds before the price has a chance to move, and only hold a very small percentage in e-currencies to cover withdrawals.
Should we be offering KaOnline to update us via our blog with a guest blogging account, would you accept the invite? How do you find our community?
I would be happy to accept this invitation if it were offered to me. Your site, NoBSHYIP, is one of the most honest and straight forward sites I have seen in this industry. The title alone is worthy of a standing ovation. The design is sharp and the information is current. What more do you need?
Thank you for your time Benjamin
Due Diligence by Jude " NOBULLSHIT" Den 24 juni 2006
Due Diligence by Jude " NOBULLSHIT" Den 24 juni 2006
Citat:
Crossed out the due diligence words as usual, not sure whether its good enough for our readers, so here goes:
A little description of KA Online from Benjamin Navarro, Director, KA Online
Citat:
KaOnline in short is an e-fund, a hedge fund type management company, based entirely in cyberspace. This alone does not make KaOnline unique, as a quick search through any online search engine will show, however KaOnline is unique for several reasons; Our front office is our web site, and our web site was designed to act much like a bank site does, minimal in it’s design, but still vast in it’s content.
Our web site employs some of the best security features in our industry, including a 256bit Secure Socket Layer (SSL) encrypted gateway, Prolexic Clean Pipe Dedicated Denial of Service attack protection, PIN based I.P. address verification on login, and several other features including but not limited too, daily database backups, mirrored servers, and 24 hour server monitoring. Security is a very important part of our business, and like all aspects of our business our ultimate goal is perfection. When it comes to our core business, managing money, our goal remains the same.
Our portfolio of managed funds, the Growth Orientated or G.O. Funds, are scrutinized with the utmost care to ensure that not only our goals as a company are met, but that the goals of our clients are met as well. Our 12 point evaluation process is just one of the steps we take to minimize risk and losses within our portfolio. Again, perfection is the goal, and KaOnline is always pushing to reach this goal in all aspects of it’s business.
One of our main focus points with the company is our customer service. Customer Service is by far one the most important areas of any business. In an effort to offer the best support services possible KaOnline developed the “We Care” Investor Support Network, which consists of a Secure Internal Messaging (SIM) System, a LIVE Chat Interface, direct e-Mail correspondence, and our soon to be operational call center. KaOnline has positioned itself to gain a large portion of it’s industries market share over the coarse of the next few years, and with it’s continued growth, we hope to offer our client’s more and more reasons to make KaOnline their preferred money manager.
As I have signed a NDA (wiki: Non-Disclosure Agreement) with Benjamin, I’m not allowed to, in anyway divulge any sensitive information pertaining to the documents that he has sent me.
Personal Information
Touching down on Benjamin’s personal information, he has provided a copy of his passport and a copy of a utility bill of his temporary residence in which he resides in. As far as I understand, some of the due diligence documents that they have sent also matches this address and KAOnline has some business deals that requires Benjamin to be there at this time.
Company Registration
KA Online is registered with Delaware (Apostille attached) and incorporated in Saint Christopher and Nevis on 20th December 2005.
Ka Holdings is registered in Mexico, with the Secretary of Foreign Affairs and the Public Registry.
Businesses Ran by KAOnline, KA Holdings
I have two agreement documents of KA Holdings as well as KA Online on dealings. Pretty muffled here as I’m not allowed to divulge any information again. The legality of the documents remain anonymous since I am not allowed to contact the other party on the other end.
Each individual agreement covers a business aspect of their funds, namely the Redevelopment Fund and Currency Pairs Weekly Fund/ All Abitrage Fund, the options found in KAOnline.biz for members.
My 2 cents (Or maybe 1)
Benjamin has been very active in promoting KAOnline as an opportunity for the people in the HYI arena to join. Definitely another different piece of cake as compared to those regular ponzi HYIs out there.
impressive site
If you notice, the effort placed in their site was tremendous, the security level is absurdly high with the pins that they’re sending (like E-gold yea?), I’d applaud KAOnline for doing a good job with the site. And if you refer to my interview with Ben previously, the upkeep for the site is almost a hefty $5,000 per month. Woah?
A Feederfund style program, which allows you to pick which fund suiting you the most, in which again is unique and definitely interesting.
There’s a few things that is bugging me, (unlike Marcos from FXE who shows me the account for their forex trading platform, this is totally a different ball game).
I understand that there is no physical address with KA, that makes it stands out, but in any case we would definitely still prefer a location where members could come and visit and talk to the people who are in charge of our dough. Ben explains that although they are registered and incorporated, they are not licensed to collect money (it does sound familiar, like FX-Experts in fact) and so having a physical location would be unfeasible.
There is no disclosure of track records since they do have NDAs with the rest of their partners that they are dealing with, so the revenue that is coming in would be a question mark. Not your exactly transparent kind of investment program.
The ROI for Inter-Diversification Funds is typically high, averaging at 9% weekly. As I understand these are random percentage returns, I’ll follow up with Benjamin with the stats on how are they generating the returns.
Personally, with the effort that Ben is actually putting in, and with my own deduction, I will invest with KAOnline, for the opportunities that they are providing. There won’t be big spends from me till the question mark clears for now, but KA is definitely something fresh that has the chance to last long and climb to the top of your “long dependable” programs.
PS. Posterna är inte att betrakta som dialog utan som vidarebefordran - av en del av den information som jag har!
Så det är bara att hålla tillgodo för den som vill ta del
