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PLEASE BEWARE! THIS PROGRAM HAS STOPPED PAYING! DON’T INVEST!
Hi everybody! The first day of July is upon us and I hope your summer is going as well as you hoped. I’m pleased to say that the last number of weeks for MNO have been quite eventful despite the fact that the coming season tends to not always be too fruitful. But despite the summer sometimes being a quiet time for investors there is always, it seems, room for an extra addition.
And today that extra addition comes from an online HYIP called Veolex and I have an interview for you with the admin. His name is Hu and he seems to have quite a contribution to offer. Veolex is a long term program with plans that run for 70 days with daily payments of up to 2.25% or for 10 weeks with weekly payments of up to 17.5% if you prefer that plan. If you like what the admin has to say, you can refer back to my original review of his program published here.
“1. Hi Hu, please introduce yourself to the readers of money-news-online and tell us a bit more about your personal involvement in Veolex. What experience do you have in either handling investors money or in the online HYIP business?
Hello Paul and all readers. Firstly, I would thank you a lot for having this interview with me. Let me start by saying my name is Hu, from California, but with Chinese origins as you surely noticed with my name.
For some years now I have been an investor with online investments platforms like HYIPs, sports betting sites and the ForEx market. I’m one of your readers too for some months now. I guess I learned from you how the management has to be done to keep a site stable. Veolex is my first venture and I guess I will be alone. Why? Because I wish to have Veolex forever. I know, it’s an old dream for all admins and members, but I’m dedicated to Veolex and I will do my best to reach that big goal.
2. Can you tell us a bit about the history of Veolex? How long have you been in operation? If there is anyone else involved, eg an assistant or a business partner, can you tell us about them? What was your initial motivation behind establishing your own program?
I thought about creating my own program since March 2009, then I started to work in May to finally launch it a week ago. I tried to think about all factors and mistakes from others I have seen in the past as member. I’m alone in this project but I had help from my programmer… Also thanks to my hosting (Koddos.com), which spent many hours helping me.
I made the choice to be alone for one main reason. I have my own way of thinking about Veolex‘s future. I mean things like “Stay”, “Stable”, “long term” and I think it’s difficult to find someone today with the same goal, or who will achieve it. So to avoid risks in management I decided that I will remain alone. I’m dedicated to this and will be here whenever a member needs me.
3. Can you now explain to the readers in detail about the various investment plans on offer from Veolex? What are the returns offered, how long are the investment terms, etc? What payment processors do you currently deal with?
Veolex is offering 2 plans. The first plan is based on a daily return of 2% to 2.25% (depending on the amount invested). The duration is 70 days so the total return is 140% or 150%. With this plan, every 24 hours your account will be credited and you can request your payment daily. The second plan is working the same way but with weekly returns of 15% to 17.5%. The duration is 10 weeks, so with this plan your total return will be 150% or 175%. Veolex accepts LibertyReserve, PerfectMoney, SolidTrustPay (verified) and StrictPay soon (I’m going to be verified).
4. Would you agree that the cost of investing in some of your plans is so prohibitive as to isolate more members than it attracts? Online investments of $10,000 to $75,000 are rare and totally beyond the reach of most investors don’t you think?
In theory you’re right. But I decided to think about everything before starting, and as mentioned I would stay with Veolex forever because I’m actually able to generate 50% profit in 70 days using various methods. My next goal for Veolex will be to incorporate it as real company (Real and not simply a fake certificate as I saw so often as did many members in some HYIPs).
Once this evolves, investors with more than $10,000 will doubtlessly be more numerous. But as said, you are right, at this time 100% of investors have invested less than $10,000. I thought about the long term when I fixed the limit. Maybe it might appear not useful at the start, I’m agreeing.
5. How does the whole investment cycle work? If you assume I am a complete newcomer here, can you tell me exactly what I will have to do after I decide to invest with Veolex? What happens between my first deposit and my first payout?
I think the process is really easy. For people who never used a HYIP program before, I can invite you to follow this short guide.
1) You first need to go to either your friend’s referral link or sign up directly at this link.
2) Once all fields are filled out and your account is activated you can now make deposit. First log into your account you just created. Then to make an investment, go to “Make Deposit”.
3) Choose the amount you wish to invest, the plan (daily or weekly) and the payment processor in which you will use. Then click spend.
4) Once this is done you will be redirected to your choice of e-currency to make the deposit. Once done you will be sent back to your account to see your deposit.
5) Each day or week (according to the plan you selected) you will be able withdraw your daily or weekly profit to your e-currency you deposited with. To do this, click the withdrawal Link.
I’m sending requested payments within 24 hours maximum, but usually less depending on if I’m online or not.
6. What about the security of the Veolex website? What steps have you taken to protect both yourselves and members from things like malicious hackers or identity theft? Are you on a dedicated server and how protected are you from DdoS attacks? Tell us also about any other security features.
Veolex is very secure. It’s something very important to me. My site is hosted on a dedicated server provided and DdoS protected by Koddos.com. I’m using a licensed GoldCoder script, working with additional security features like protected folders. (Example: it’s impossible to change something in admin area, all folders are protected on the server and I need three different passwords to access it.)
Another security feature is about payments processors accounts and the payout process. As you noticed Veolex payments are sent manually (by me), so this way I can control everything.
Also, both of my computers have been secured from viruses and spyware. I installed top rated antivirus and spyware software on both.
7. What strategy have you been using to promote Veolex to date? How big a role have existing members played in this promotion? Are you satisfied with the level of growth so far? Do you think it could be improved upon or would you say it is at a manageable and sustainable level?
For the start I just added some monitors and bought some banners on monitors, autosurfs, and now I’m looking to start some advertising campaigns in well-known forums.
Then our referrals system which offers 5% of all investments made by your referrals seems to be working perfectly. Veolex reached 100 members within only 3 days. Actually 234 members are registered already with more than $10,000 in total deposits, which is really more than I expected. Every day, I can see about 20 new registrations now, so I think statistics and development are very good.
8. Maybe you could tell us more now about the outside business interests of Veolex? How are you investing members money? Can you offer any proof either of this income or of your incorporation as an actual business entity?
At this time, Veolex is only an online investment project, but as mentioned, my wish is to incorporate it under a real company to work legally. Currently, I’m putting a part of the money from both investors and myself into some well-know ForEx brokers, sports betting sites (whose methods are no secret and bring good profits everyday). I keep the other part as a reserve fund.
For the moment it’s hard to provide proof about activities and I don’t request you to trust me until I do bring proof about this. The main goal of a real company will be to provide real proof about my activities and to give you more security for investors.
9. What kind of customer service and support do you offer to investors? What are the most effective ways of getting in contact with you is I have questions or problems? Do you have telephone or live chat support?
Since the start I have been offering Email Support, and working to add Live Support (I reported the introduction of live chat cause I want be online a lot when this option becomes available). If you have an urgent problem or just need some assistance then the best way to reach our support is through Email. Within a couple of hours your email will be reviewed and answered promptly.
Currently I don’t have Phone Support, but I plan to add it when the company will be registered.
10. There is a pretty big choice out there for the investor right now in terms of HYIPs so if you had just one thing to say to potential members to convince them to join Veolex, what would it be?
Nice question Paul. Well, I guess that only time will show how Veolex can generate profits in the long term. As explained, I’m an ex-member so I know what members look for; Fast payouts, fast support, and fast managing are mainly researched. I executed all of these rules since the first day and will continue everyday without exceptions.
Veolex isn’t here to bring you big profits fast, but it’s planned for long time, to generate profits with as little risk as possible.
11. Finally, as an admin what would be your professional advice to investors to minimize their losses and be in profit from HYIPs?
Honestly, I’m going to answer this question with my experience as an investor.
The main rule I would apply in the past for my investments, “Do not invest all your money in the same site, but diversify your investments”. In addition, I always invested 80% of my money in long term projects (low roi) and 20% in short term ones (high roi). Why? I think the answer is simple, the “stability”. Personally it’s with this method that I stared to earn.
Then each case is different and each site has to be analyzed before to invest your money. I think blogs like your one can help a lot of investors in their choice; I was a reader so I can confirm it.”
I would just like to say thanks a lot to Hu for taking the time and trouble to respond and must say that I do appreciate the frank and open approach he takes to the online investments business. I don’t think he can be accused of misleading anybody here and the risks of getting involved with this or any aspect of this industry are plainly on display for you guys to weigh up and assess for yourselves. Another thing that’s plain to see is the growth of Veolex as a program so I guess I’m not the only one likes this approach. Hu is of course correct in his opinion that only time and a proven track record will establish the credibility of Veolex as worthwhile project in the long run, but so far he has made a good start and if he continues like he has started then Veolex might just have a bright future.
Anyway, I hope you all enjoyed reading that, and as I have plans for the rest of the day I’ll be back a little later tonight with a second post which will be my daily news update. So stay tuned for that everybody!
Filed under Interviews by on Jul 1st, 2009. Comment. 
Hi, guys! Do you know that the weather in London is now warmer than in Bangkok? Phew, it’s really hot here! Well, MNO blog is also like London’s weather, always delivering you the hottest news and reviews. Today I would like to give the entire news section over to some recent happenings in the HYIP industry.
I believe it would be best to start with the update I received last night from one of the best investment programs. GoldNuggetInvest (reviewed here) is definitely one of the hottest programs now for serious investors willing to deposit $50 and more into the arbitrage betting pool and receive 6%-7.5% weekly for an unlimited amount of time (until you decide to leave). Remember that you can withdraw your original investment only after a 30 business day lock-in period so you can if you wish just join for a short time. But why limit yourself in profit if GoldNuggetInvest has been paying to happy investors for about three (!) years now? It’s really an impressive result and if you want to find out how the program is able to produce such great returns for investors after so many years you can refer to my detailed interview with the admin of GoldNuggetInvest Robert Spearman (published here).
Anyway, it was just a small introduction to GoldNuggetInvest to those who are not familiar with the program (though I wonder where you’ve been all this time if you’re not). The most important thing is the most recent update of course. As you might remember the updates from the administration of GoldNuggetInvest are not always that frequent so they are usually quite lengthy and detailed. This update was no exception and I would like to welcome you to read this whole update if you haven’t received it (it might be due to the fact that you don’t have a Gmail account). Anyway, such topics were covered by that newsletter: possible small outages in some areas due to installing some improvements from their hosting provider BlackLotus, security of the accounts (which is always the main priority for GoldNuggetInvest), possible issues with one-time PIN-codes and how to solve them, upcoming changes including the hopefully soon introduction of telephone support and opening their own forum for the customers of GoldNuggetInvest where they can communicate with the admins and with each other. As you might have noticed the implementation of some features was delayed and the reason for that was also mentioned in the newsletter which I’m re-publishing below:
“Greetings to our Valued Customers & Clients:
We here at GNI hope your summer is progressing in a fun and joyful fashion, devoid of any mishaps but with pockets filled from your successful investing with your trusted partners here in the world of Sports Arbitrage.
While we haven’t made any bold announcements of late, that is not for any of you to think that things are not happening behind the scene(s). Todd had an unfortunate mishap a few weeks back and his recovery has necessitated our delay in rolling out some long-anticipated customer service enhancements. Do not despair, these enhancements and upgrades have only been delayed, NOT canceled or terminated; not a chance!
I. The engineers of Black Lotus in Southern California have advised us of some upcoming improvements as follows:
“Service affecting network maintenance scheduled for June 30th to July 1st, 2009!
Start: 06/30/2009 17:00 U.S. Pacific
End: 07/01/2009 11:00 U.S. Pacific
Black Lotus engineers will be retrofitting the Elite/Enterprise network at Los Angeles, CA to completely migrate customers away from legacy network equipment and to install a new distribution router with additional capacity and redundancy.
During this window there is the potential for a one-time outage of 15 – 30 minutes network wide and intermittent outages throughout the window as routing and physical paths are manipulated.”
The bottom line, this is all good stuff that will enable us to provide better service, better security and happy customers!!!
These scheduled times can and will be subjected to possible delays and or schedule slips. What this means is there is the distinct potential for a one-time (or more) 15-30 minute outage spanning the entire network. Further, there is an equally distinct possibility of local, intermittent outages as routing and physical paths are manipulated to ensure optimum usability network-wide.
We encourage those of you who remain in contact with their uplines/downlines to pass the word, thus avoiding the anticipated “panic” that will invariably engross those newer members who are not aware of our steadfast commitment to remain the most trusted on-line program that ever existed on the World Wide Web.
II. Some of you continue to swim in frustration over the inaccessibility of being able to login to your GNI back office. Some common obstacles consist of the following:
a. PROPER EMAIL REGISTRATION. You need to register a Google (Gmail) email with us. Those of you who registered with Safe-mail, SBC, Cox, Verizon, Comcast, AOL, Yahoo, Juno so-on and so-forth need to obtain a Google, email address, send it to Todd via Ticket who will change this in the system.
NOTE: For those of you who have a significant investment, Todd WILL be asking for verification information such as an address. Those of you who have registered with nothing but a first name, are not giving him much to use for verification purposes. It is suggested less attention be paid to your referral issues and more attention be given to your own account to avoid the hassle(s) and potential loss of investment due to your willful neglect of complete registration information.
b. PROPER LOADING OF THE PIN CODE. Todd receives an awful lot of tickets from plan participants who indicate they have input eight or nine PIN codes “and it still is not accepting it….”
The procedure which ensures you are inputting a valid PIN code is quite simple. All that is required is for you, the user to ensure the GNI Browser page which calls for an updated PIN code remains open while you open your Gmail to obtain the PIN code. That’s it!
Should you properly get to the point where your GNI browser asks for the pin code but you close out the page or you arrow back to get to your email or anything similar to this, you will render the PIN code stale and it won’t work.
To clarify, once the GNI browser page asks for a one-time PIN Code, keep that window (page) open, open a new page to access your email to obtain the PIN code, cut and paste the PIN code and enter it into the box and you should be good to go.
c. Some of you, regardless of your actions and efforts, cannot successfully enter their account. In a situation such as this, you have sent multiple tickets, changed your email(s), communicated to us the roadblocks you face; we will do our best to accommodate you and prepare appropriate refunds.
In the event you are making this request inside your thirty day lockin period, do not anticipate any refund until such time your lockin period has expired.
III. REAL-TIME CUSTOMER SUPPORT. Phone (Skype) Support is forthcoming. The number has been secured (and you’re going to like it); couple weeks time
IV. OUR OWN, PRIVATE FORUM. The skeleton has been installed and is being modified to accommodate the needs of the GNI Global community. We’re going to try to accommodate those of you whose first language is NOT English, are not as technically knowledgeable or whose investment literacy is a bit less than others, all in the spirit of an enhanced GNI experience. It will be moderated by members with on-going support by GNI admin.
All of this, baring any unforeseen “mishaps” will be up and running, certainly before the end of July, probably much sooner.
In the meanwhile we wish all of our US domiciled clients a very joyous 4th of July Holiday, nothing less to our world-wide client base. Be safe, and always remember that 97.5% of the global community lives below the poverty level. Find a charitable cause and support it. The good feelings that resonate throughout is indescribable.
All the best, Robert, Jurgen, Todd and the GNI Team“.
There was some very good news received from EarnerSurfer today. The thing is the first payouts on expiry (140% after 20 days) have been successfully processed and those of you who joined EarnerSurfer on the first day and requested a payout should have already received it by now. Those who are still sitting on the fence – don’t delay as EarnerSurfer is definitely the next big thing in the surfing world. I’m sure the admin of the program Chris has very good intentions as he agreed to share his thoughts and plans with my readers in an upcoming interview that will be published on my blog in a couple of days. Hopefully the interview will make many things clearer and will be a good addition to my detailed review of EarnerSurfer program published here. So stay tuned for that and don’t miss it!
The admin of Surfing4Roi program Francesco also issued an update letting all the members of his program know about some changes going on there. Of course all the changes in Surfing4Roi (reviewed here) are always positive. The admin is a very inventive man with lots of ideas and experience so I decided to interview him as well and publish the interview on my blog some time next week. Meanwhile, I just wanted to let you know that everything is going smoothly in Surfing4Roi and if you want to find out more about the positive changes I mentioned please refer to the most recent update from Surfing4Roi program being published below:
“We have some news for you today.
Monitors
We have added a new page where a few more monitors are listed.
There’s a new tab in the header’s menu, called Monitors, on the right side of the bar. If you have some free time, just vote as much as you can, as surfers are closer to some monitors than others.
In this way, you will allow Surfing4Roi to reach a more vast amount of new people.
Banners and Landing Page
We have added a few more banners and the winners banners too (just click on the more banner link in Invitation Tools).
We really don’t know if the new landing page helped us, but as a matter of fact registrations increased during the last days.
So keep on submitting your personal landing page into all surfs you are in.
Improved Paid To Post Proofs feature
From today, proofs relative to deposits that are paid upon expiration, are rewarded with $1,40.
So, to sum up…
$0,08/each proof if is relative to a first deposit or a special deposit (up to 72 proofs per deposit);
$1,40/each proof if is relative to a normal deposit that is paid upon expiration (up to 4 proofs per deposit);
Credits
From now, 20 credits will be added to your account for every dollar you will deposit.
So, for example, if you deposit $100,00 you will receive 2000 credits to allocate to your websites.
In the meantime, you have now 5000 credits, so that you may immediately use them. A special reward to thank you for your kind support…
Surfing Time
Our Surf Rotator System has been set to 15 seconds. So it will take less time to get your daily compensation and you will be able to view more websites during your surfing session.
In the next few days we will also add a new page, where you will be able to see a full list of all sites that are currently in rotation.
Survey Campaigns
Since 2-3 weeks we started a sort of e-mail marketing, directing our attention to hit-n-runners, members that did not start a cycle, asking them some simple questions.
How was their experience in Surfing4Roi, why did they not have more confidence to start a new cycle, what didn’t they like and some more… We thought this would be the only ways to understand the reasons and thereby act to prevent new hit-n-runners.
That’s all, guys…and Happy Week!”
A very unusual bonus will be given to the first three Canadians that will email to the admin of YesICanSurf Sarah (interviewed here). The bonus will be devoted to Canada Day which has been celebrated today throughout the world. I was also passing Trafalgar Square in London today and stopped briefly at the huge celebrations going on there. So just follow the update posted by YesICanSurf to claim your bonus and to find out some news about PTC section on the site (another good way to earn some money from YesICanSurf), surfing holidays and the winners of referral competition:
“Hello Everyone, We would like to wish all our fellow Canadian members a very Happy Canada Day!!
To help you celebrate, we are gifting the first 3 Canadians who write to us via the support link and tell us which part of Canada they live in, with 3 free adpacks. So hurry folks and claim your free gift !
Surf Holiday
We are aware that, due to our move to a new server this week, some of you lost 1 – 2 days of surf rebates. We will apply a surf holiday for these missed days ASAP. Please stand by.
PTC Earnings
As some of you have noticed, we have set up a PTC area as an additional way for members to earn. This is a recent addition, so we still have to work out the payment procedure. The only way this can be done is MANUALLY, folks…..and separate from the surf earnings. PTC earnings will be paid as follows:
$1 minimum payout for Obama members.
$2 minimum payout for Free members.
Please submit your written request for a PTC payout (only) to support, and include your AP payout address and YICS acct # ID.
3 adpacks reward paid to top referrers!
The following top referrers, randomly selected from the top 20, recently won 3 free adpacks: #’s 4, 24, 123, 118, 113, 489, 14, 83 and 198
Congratulations!! Have a super special Canada Day, Sarah and Phil“.
I would like to let you know that all my account issues with the programs I mentioned yesterday including YesICanSurf, ProspectHits and Treckswana have been solved. The admins of those programs showed themselves as real professionals and I commend all of them for a job well done.
The reason behind the disappearance of three sites: XagaEnterprise, LloydFunds and VentureFundGroup became clear to me finally. The admin of HushHosting which hosts all three sites sent me an update where she told me that bringing the sites back would take longer than usual. Apparently somebody sent thousands of spamming emails from the shared IP belonging to XagaEnterprise what was the nameserver IP and the Japanese server center suspended this IP and the complete server for doing this. HushHosting is fighting to get their clients back online but so far there are enormous difficulties arising from that strictly illegal act of spamming. Anyway, the admin of XagaEnterprise Kevin (interviewed here) have already sent an update to his investors informing them what really happened and promising to bring the site back online as soon as possible (probably on a new domain):
“Here is what happen: The blackmailer sent out spam mails about XagaEnterprise (1 millions emails!!!) and the upstream provider in Japan was suspending the Xaga’s IP. HushHosting and I are in contact with them to get Xaga back ASAP.
And let’s talk bout the worst thing that could happen. If they don’t recover my website, I am going to set up new domain. Hush still have my database record. And I will move the database into new domain.
Since, my program has no expiry date (for Life), you will lose nothing. I need you to stay calm, not panic. I promise I will bring XagaEnterprise back. No matter what happen.
Please post this everywhere. Tell everyone. I will appreciate your help.
I will bring XagaEnterprise back. This is my promise. Thank you.”
Anyway, I will be watching how the situation unfolds over the next few days and will report the outcome on my blog. All I know that HushHosting is a good service provider and I believe it will take good care of its clients. However, I would like to say that any updates from the admins of VentureFundsGroup and LloydFunds would be appreciated by their investors. I’m going to write to them myself soon if I don’t hear from them first.
Now onto some less positive news. It seems like SigmaTral is going south now. It’s sad to say so but I haven’t been paid for the last 48 hours which is certainly not good. The worst thing is that the admin stopped communicating with me and didn’t give any explanations as to why pending payouts are not paid. It’s surely a very bad sign and together with removing the ratings page I can only conclude that SigmaTral turned out to be a scam. Please stop investing there and be aware that the program is on Problem status on my monitoring page now!
The same goes with SilverLodge. Unfortunately the admin of the program didn’t fulfill his promise to pay all the pendings to the members and I know for sure that many payouts to LibertyReserve, PerfectMoney and even StrictPay are in pending status. There is no word from the admin either which is not good at all. Of course I’m not going to publish any updated reviews of SilverLodge until all payouts are made. The only reasonable explanation as to why they only pay to SolidTrustPay and AlertPay and ignore LibertyReserve and PerfectMoney withdrawals is the following: they can’t withdraw the money from STP and AP if the accounts are frozen, which is exactly what will happen if the members complain to them. Whereas the transactions in LR and PM are totally irreversible which will allow them to withdraw the money in huge amounts. I might be wrong with my conclusion but so far it looks that way to me. Anybody who has different point of view is free to share it with me and email me at abramsonp@gmail.com or leave a comment in my ShoutBox regarding that.
By the way, I just noticed that the total amount of people that subscribed to my Daily News via Feedburner reached 1,000 (please enter your email address into RSS feed located on top of my left sidebar to get MNO news to your email daily)! This is a wonderful achievement (he said modestly!) and I would like to thank you all for the support and the words of encouragement that I keep receiving to my mailbox daily. Please keep it up and forgive me if sometimes I make you waiting for longer than usual. As it’s summertime now I prefer to spend more time outdoors so I have less time to answer the emails from my readers. Just always remember that your emails to me are appreciated and that I still try to answer them all within 48. Sorry if it’s too long for you and if it’s some kind of emergency I promise to reply faster. Again thank you all for your support of my work! That’s what help me to keep going and provide you with daily news and reviews.
That’s all for today, guys. To end I would like to let you know what programs paid me for the last 24 hours: AvartesCapital, GeniusFunds, GoldNuggetInvest, GlobalTraderGroup, StableInterest, AsianInvestGroup, Merchandies, Veolex, SilverLodge, EnscoOffshore, YesICanSurf, EarnerSurfer, PanaMoney, NovalexFinance, SteadyGrowthInvest, InvestmentForge, CoolReturn, OilInsider, InvestiMates, ExcellentProfit, ElegantMoney and NanoMoneyCorp. See you on my blog tomorrow with the review of FlipReturn and fresh news from the Industry!
Filed under Daily News by on Jul 2nd, 2009. 3 Comments.
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