23/12/2009. 220Group Review and Other News

BEWARE! THIS PROGRAM IS NOT PAYING! PLEASE DON’T INVEST!

Hi everyone! I’m glad to say things are finally starting to quieten down for the week and there is finally less to report on. So what will probably be the last new review before Christmas (I doubt I’ll be finding any new programs in the next couple of days) I want to take a closer look at the last of the new batch of programs that were added to my monitoring page.

The program is called 220Group and it’s a short term HYIP. I have mixed feelings about most online HYIPs, but it’s probably even more so with this one. Maybe it’s just because I was monitoring them for so long before writing this as they have been on my monitoring page for the last nine days. Anyway, I can only comment on my own personal experience with them, and that is what I’ll do.

There are three plans altogether in 220Group for a variety of short term periods. The first one is called The Gold Plan and it runs for a term of 7 days. During that time interest accumulates in your account by the day although you don’t actually get paid anything until expiry. That’s the way it is with all three of the plans. Anyway, in this one 220Group adds 17.1% profit to your account per day for the length of the plan which on expiry should be a total of 119.7% returned to you. This will include your principal. The minimum investment is $10 and the maximum is $10,000.

Next is The Diamond Plan and it is open to all deposits from a minimum of $500 up to the same maximum of $10,000. The daily rate of interest here will be 12.5% which builds up throughout the duration of the plan before you can withdraw. The duration is 12 days and the payment on expiry will be 150%, principal included.

And finally we have The Platinum Plan. Minimum investment here will be $700. The maximum stays at $10,000. The daily rate of interest is 10.5% which can only be withdrawn on expiry. The plan runs for a term of 21 days this time which should leave you with 220% on completion. Principal is again already factored in to this.

If you want to sign up for 220Group then the payment options will include AlertPay, LibertyReserve, PerfectMoney, and StrictPay. Not a bad choice for such a short term HYIP, although it didn’t stop me from having some severe problems getting my money out again. I was in the first Gold Plan but when it came time to getting paid after day number 7 my deposit was put “on hold”. I only received a portion of what I was owed. I contacted the admin, never received a reply, (I’m still waiting!) and only after 48 hours was the rest of my deposit released. No explanation has been made.

On the plus side however there is an internal e-currency exchange that allows you to deposit via one e-currency and withdraw via another with no fees.

I’d have a few questions about the security and design of 220Group though. The design is pretty average, though that’s not overly important if the program is good, and it’s just my opinion anyway. What I can say for sure though is that the script is not a licensed version. The admin could only make a vague excuse for this with his assertion that there are backdoors into the GoldCoders script, put that only raises the question as to why he didn’t purchase another one that he is happy with rather than a pirated version of a script you don’t trust. The server stats aren’t really that impressive either with the program being hosted on a shared server. Communication and customer support is through the regular online support ticket form. Unfortunately, and I base this on personal experience, communication has been almost non-existent. There are discussion threads open on the main investment forums as well. Despite the admin claiming almost 1200 members the amount of activity on those forums is surprisingly slow. So I can only question the accuracy of those statistics as well.

No information is given about the business activities of 220Group or what (if anything) they are doing to Generate such unfeasibly large profits. OK, there is mention of “currency related investment opportunities” but as usual no real solid information as to the nature of their business. Take it therefore as a purely online based HYIP game.

Slow payments, pirated script, shared server, and bad customer support. At a time when short term programs are coming under an increasing amount of scrutiny from the investors, the admin of a short term program could really have made a better effort than this.

Other news for today.

It’s nearly Christmas and the days to the New Year also counting down. So many programs continue to update their clients about their schedule during the holidays. One of the longest surviving programs NanoMoneyCorp which has been online for over 4 years already and paying 1.2% for 30 business days and other plans (read more in my review here) issued an important update regarding Bank holidays which will affect only those wishing to invest or withdraw via Bank wires. If you use LibertyReserve and PerfectMoney these days off will not affect you in any case as you will still be receiving your daily earnings from Monday to Friday and will be able to request your withdrawal as usual. There was nothing about the extra days off for NanoMoneyCorp staff so I guess the holidays will not affect the cashouts in any way. NanoMoneyCorp is probably one of the few programs that will work as usual during the Christmas festive season. Here is the latest email from the admin of NanoMoneyCorp (interviewed here):
“Important notice!
Dear investors and partners!
First of all we would like to with you Happy holidays! Merry Christmas and a Happy new Year. May your financial expectations never fail you and the new year would bring you only positive moments! From our side we would do everything to secure and multiply your capitals.
We have done that last 4 years for you and would continue our job as long as possible. At least 4 more years.
We have an important notice about the dates our bank would be working on holidays.
Bank holidays: 25 Dec 2009, 1 and 6 January 2010. The following cut-off times will apply on Thursday 24/12 and on Thursday 31/12:
For Same Day Value transfers in any currency: 12:30 hrs local time, for all other transactions: 13:30 hrs local time (GMT – 3 hours).
Laiki (our bank) Autopay files, which will be sent on 31/12/2009 by 16:00 will be executed on the same day, but due to the end of year processes,the funds will be available for confirmation in the afternoon of 01/01/2010. Please mind that this info is pertinent to bank wire transfers and withdrawal requests to bank accounts.
All transactions in e-currencies would be processed in normal manner and our company would work normal conditions from Monday to Friday with day-offs on week-ends.”

Another long-term program with an excellent payment record for over a year GeniusFunds (reviewed here) announced that due to official holidays in Cyprus 4 days will be added as non-trading days. This means that on those days the accounts will not be credited with earnings for the daily plan (1.0%-1.9% daily) while the earnings to the deposits made into the weekly plan (6%-9% weekly) will be adjusted to reflect those days off. It will also affect some deposits made via Bank wires that could be credited to your GeniusFunds accounts later than usual. Please read more about this in the latest news from them:
“Public Holidays
Due to public holidays in Cyprus, our offices will be closed on the 24th, 25th, 31st of December, 2009 and on the 1st of January, 2010. Pending wire transfers will be completed today and on Monday, the 28th of December. No dividends will be paid on the these days and weekly dividend payments will be adjusted to reflect the holidays. GeniusFunds team wishes all our investors a Merry Christmas and a Happy New Year.”

Due to the upcoming Christmas holidays the admin of SazaInvestments Ricardo (interviewed here) decided to open the cashout button 24 hours earlier than usual. All the investors of SazaInvestments were warned about that beforehand so they could plan their withdrawals accordingly. Here is the email I received from the program:
“Because it’s almost Christmas we decided to start the payments today, in about 12 hours from now and they will remain opened for 24 hours as usual. We do this for our team to can have their Christmas too and we hope you all understand. For next week we will let you know in time about the payments schedule. Thank you all for your trust in us. Regards, SazaInvestments Team”.

At the time of writing this cashout button in SazaInvestments has been opened already and it will remain open till tomorrow, December 24, 9 pm GMT. Please do not forget to place your withdrawal request to the right e-currency account you have made your deposit with. SazaInvestments still remains one of the most popular investment program among MNO readers offering 8%-10% weekly payments with no expiration. The payment record of SazaInvestments has been excellent since May 2009 and the program currently occupies #2 on my monitoring page. You will be able to read more about that in my detailed review of SazaInvestments published here. And this is the latest payout reminder from the program:
“It’s almost Friday so it’s payday again. Please don’t forget to request your withdrawals correct so that won’t be canceled. Thank you all for your trust in us. Regards, SazaInvestments Team”.

I have some very strong reactions from people that are behind the legitimate ventures that were outraged with the obvious lies the admin of MoneyPlus provided in the interview published here. You can find much interesting info in the comments beneath it. Ok, so what do we have here? There is no such man as Dr. William Stone in Oxford University who is allegedly behind MoneyPlus as their CEO. And a man who can barely speak English claiming to be a lecturer in Oxford University? Come on! MoneyPlus Group Ltd is a properly registered UK company with their own website which is in no way connected with MoneyPlus site. CreditPlus and Kaspid are in no way affiliated with MoneyPlus and never sold or borrowed their layout to them so MoneyPlus is using their design unlawfully. Such clear lies from the admin of MoneyPlus cannot be tolerated and of course some legal action might still possibly be taken against their website pretty soon for the copyright infringement. So far MoneyPlus is paying fine but in my opinion they need to urgently change their design and remove all connections with the sites that were affected by their illegal actions. Otherwise their site could be shut down by the authorities in the near future and there will be many investors that will suffer. So I suggest to all the investors of MoneyPlus to put immediate pressure on MoneyPlus admin and make him remove all mention of the above-mentioned ventures to continue their activities. But from this point MoneyPlus has a very shaky reputation and I don’t know honestly for how long it will stay online. Sorry to say this but it was the admin of MoneyPlus and not me who spreading the lies about the questionable connections with other companies. So I would like to state clearly that the interviews that are being published on MNO are the words of the interviewee is not necessary shared by myself. I’m simply a blogger that gives an opportunity to the admins to speak in their own words. If I receive any more complaints from the sites that were affected by publishing the interview with MoneyPlus I will simply have no other choice but to remove the interview from my blog completely.

Two sites were experiencing some temporary downtime today but fortunately came back online with no further issues. The first one was Verifield (reviewed here) that was down due to some technical issues described by the admin below:
“Unplanned maintenance
This morning Verifield website became unavailable for approximately 6 hours. The downtime happened due to the hard drive controller malfunction that had to be changed. We apologize for inconvenience caused and would like to thank you for your patience and understanding. Currently the website is back on-line and all systems are 100% functional.”

InstantMoneyBets website (reviewed here) was offline due to the their bandwidth limit being exceeded. I believe that they sorted this out with their hosting provider already as the site of InstantMoneyBets is working fine at the moment. There will be slight payment delays on Christmas day but after that everything should be back to normal. Here is the latest news from the admin of InstantMoneyBets (interviewed here):
“Today we have had a little problem with our server, we have set the wrong limit but now everything is resolved and we are back to normal.
Also we wish you a Marry Christmas.
On Xmas days all payouts will done max. after 36 hours, after Xmas we are back to 24hours.
Best wishes, Michael and Martin”.

DreamFunds program (reviewed here) sent out a very short email today with some best Christmas wishes to all its members:
“Hello, Accept our hot Greetings….DreamFunds LTD Group Wish all of you and Your Pals Having a Happy merry Christmas. Best Regards, DreamFunds LTD Group”.

Yes, I can feel Christmas in the air so I would like to take a quick 24 hour Christmas poll. Basically, I would like to know how you’re planning to celebrate the coming Christmas. Please vote in my poll that situated in the very bottom of my right sidebar. It would be really interesting to hear your plans.

It seems that Karin, the admin of XrateInvest finally replied to my email and she promised to take care of all the missing deposits as soon as possible. I know that somebody was paid already and I would like to hear your feedback on the recent payment issues in XrateInvest. So if you have any comments or questions about the performance of XrateInvest program please don’t hesitate to contact me at abramsonp@gmail.com I will gladly forward your emails to Karin if you have any issues in your account.

I myself plan to take this Christmas as a day off so there will be no updates on my blog on this day. Maybe I will publish an interview if I have it but otherwise I will just take a day off from work. I hope MNO deserves a break too.

And finally to finish, I got paid today from the following programs:
220Group, XagaEnterprise, GeniusFunds, KobelCapital, DreamFunds, ArbsFund, FaithInvestment, HugMoney, MandarinInvest, Caziroca, RefMotor, IncoForex, Flanita, CSMFinance, AtlantisMutual, FinanceNova, TheKapital, OneDailyPro, Investorum, NanoMoneyCorp, GoldNuggetInvest, TradeZoom, ArbisPro, RosalinFinance, GlobalFund, Verifield and SazaInvestments.

That’s all for today, guys. See you tomorrow with the interview with the admin of SantiVentures (reviewed here) and the all the hot pre-Christmas news from the Industry. Merry Christmas!