Jan 13th, 2010 Archives

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BEWARE! THIS PROGRAM HAS STOPPED PAYING! PLEASE DON’T INVEST!

Hi everyone! As promised earlier this afternoon I have a second update for you today with all the usual news stories from around the industry. First though I want to talk about a new long term investment program that I just joined earlier in the week. It’s called SportBetInv.

In a lot of ways there’s nothing really unique about this program. The same plans are already in use in any number of other websites and the business activities listed by the admin (arbitrage gambling on sports events) is certainly nothing new anymore. But I still think that SportBetInv will be a big success and do something that many of their competitors are not. Of course not that SportBetInv are bringing anything new to the HYIP arena, they’re not. I just feel that they can do the same thing as the competition only much much better.

They offer the perpetual “no expiry date” plans that so many other HYIPs have been using of late. For those of you not familiar with this concept (where have you been!) it means that once you join the program you will remain a permanent member and continue picking up a regular interest payment for the duration of the program’s life span. Or until you decide to leave (subject to a lock-in period), whichever comes first. This all stems from one single deposit made by you. Something not offered by all of SportBetInv‘s peers however is a choice between daily or weekly payments.

And that’s where we will start. The first of two plans available from SportBetInv offers daily interest payments. Within this plan there are three variations with interest based on how much you deposit. To start with a minimum deposit of $10 up to a maximum deposit of $999 will earn you a return of 1.5% per calendar day. At that rate you will have earned the equivalent of your principal back after 67 days and can count everything after that as profit. There is also the option to leave the program completely by the way and to take your principal with you. I’ll get to that in just a moment.

But if you want to spend a bit more there is a higher rate of interest you can avail of. It will cost you at least $1000 to get it so maybe it’s not for everybody, but if it’s affordable to you then the the daily rate of interest will go up to 1.7% per calendar day. The maximum spend under this plan is $4,999. You will have earned an amount equal to your principal after 59 days.

And thirdly for investors depositing $5000 or more you can earn 1.9% interest per calendar day. If you can afford that then I doubt you need anybody to count for you but here goes. 1.9% per day will see you recoup your principal after 53 days after which it’s all pure profit.

So that’s the daily plan. But what of the weekly one? For such an increased risk on your part will you be rewarded for it? Well the first of (again) three options from SportBetInv within the weekly payment plan is open to deposits between $10 and $999. In return for joining you will be paid 12% per week. The same deposit in the daily plan would have gotten you 10.5% every 7 days so yes, it is a bit more rewarding to deposit here but they still offer a sustainable level. Would you sacrifice the comfort and security of daily payments in return for an extra 1.5% profit once every seven days? The choice is yours. But just be aware of the figures before joining and know what to expect.

For bigger investors willing to spend $1000 up to $4,999 the weekly payment will be 13.5%. In this instance that will be an extra 1.6% over the course of seven days on the same amount spent in the daily plan.

And finally if anyone wants to try their hand with $5000 or more the rate of interest being offered is the maximum SportBetInv will pay at 15% per week, a full 1.7% higher over the course of seven days than the same amount put into the daily plan.

A couple of other important points relevant to the plans include first of all the lock-in period for your principal. You are free to claim your principal and leave SportBetInv if you wish but only after a period of 10 weeks. No matter what plan you have joined however, you’re going to be in profit by the time that tenth week comes around. So every payment you receive by then is going to be pure passive profit, so think carefully about leaving before you do so. Personally I’d be perfectly happy to just collect my regular daily and weekly payments after that for as long as the program runs. But that’s just me. You do whatever suits yourself best.

The other main point is the list of payment options and it’s pretty good. LibertyReserve, PerfectMoney, SolidTrustPay, and StrictPay are all taken which is great but SportBetInv is the latest program to start using GlobalDigitalPay now as well. No sign of AlertPay, the only major one not included, but with a list like that I doubt they’ll be added.

The security and design of the website is very professional. In fact I thought this one really even looked like a hit the first time I saw it. And the first thing to catch my eye was the use of SSL encryption. A rare sight in this business and one I would hope that more and more investors will eventually start to insist on. So kudos to the admin for including that. The hosting provider is Koddos who are keeping SportBetInv on a dedicated Staminus server and protecting them from DDoS attacks. The script is licensed from GoldCoders. Customer support comes in the form of a direct e-mail address for the admin or else through an online support ticket submission system. Live Chat will also be launched very soon we are promised. Overall it’s a very neat looking website, well laid out, well explained, and easy to navigate. If I didn’t know any better I’d almost think the admin might just be a very experienced one.

I guess I hardly need to repeat what I said at the top about the outside business and investment activities of SportBetInv. The name kinda gives it away and programs making the same claim are opening almost daily now. But I like this one. Hard to say why when there is little in the way of original content, at least in regards to the plans and the concept, but I just think that this one is much better organized and thought out. Sure you’ll get the same elsewhere, but SportBetInv will do it better. Just one final point though – skip their statement of 100% risk-free guarantee for your investment. Of course you’d expect an admin to say that but it doesn’t happen in the real world. Worth an affordable deposit as part of a well balanced portfolio.

OTHER NEWS FOR TODAY.

First of all I would like to share with you that I got a reply from the admin of ArbsFund Cadman (interviewed here) who heartily apologized for the delay with addressing the issues MNO readers had. And I have already received confirmation from the couple of people that their pendings were paid and deposits were credited. I also checked the major forums and haven’t find any current negative votes about ArbsFund. So I thank the admin for his cooperation at this point and understanding of the issues that made me remove ArbsFund (reviewed here). Now it’s back on Paying status again on my monitoring page and I hope it will stay there for a long time. If you still have any issues with ArbsFund and are coming from my downline please let me know at abramsonp@gmail.com and I will help you if I can by pressuring the admin like I did many times for those who join under my referral link.

XagaEnterprise is growing stronger by the day and has just announced the beginning of Xaga Universe. Despite the ambitious name this term is an old HYIP related expression referring to those who will recruit new members for XagaEnterprise and represent them in exchange for increased referral commissions. So if you think you’re suitable for this position you can contact the admin of XagaEnterprise Kevin (interviewed here) with all the necessary details. To inquire for the work you must have an active deposit in XagaEnterprise in any of the plans it offers: 0.5% for 30 business days (principal back), 0.7% for 90 business days (principal back), 1.2% for every business day with no expiration and 8%-10% weekly with no expiration. Don’t worry though about the minimum deposit as in most of the investment plans it’s only $1 so it can be affordable to everyone. XagaEnterprise accepts three payment processors: LibertyReserve, PerfectMoney and StrictPay. For more information on XagaEnterprise please refer to the most recent review on MNO published here. And this is the latest news about Xaga Universe initiative:
XagaEnterprise is growing so fast. My target is to reach 6K members this years and Xaga is in process to become a Giant. Therefore, XagaEnterprise, once again, needs to improve its class.
We will build all representatives from all countries. It’s called Xaga Universe.
For those who want to become XagaEnterprise’s representative. XagaEnterprise will give referral commission 10% instead of 5%.
All you have to do is to serve pre-members. Answering their questions. If you don’t know the answer, just direct them to us. We will take over.
Please notice that you don’t take responsibility of XagaEnterprise. You just become our representative.
If you’re interested, please send email to support.
Give us your name, country, email address, referral link, and phone number. All representatives must have active deposit(s).
If you are approved, you will be notified and then I will list your info in our website.
Thank you. All countries, let’s unite! Go Xaga!
Regards, Kevin. Admin
”.

I’m actually beginning to admire the strange but unique personality of the admin of GouldsInvest (his program was reviewed on my blog here). When I read his long update today I pictured him somehow as an over-sized Reverend standing in front of a church congregation leading a choir. Maybe it’s because he addresses everybody as “brothers and sisters”. Well, at least if the admin of GouldsInvest is a religious and honest man it would not be hard to see why GouldsInvest is really popular among his parishioners (oops, public) and it could survive Christmas and New Year and is now in it’s fourth week online managing to pay 20% for 6 days to the investors. Maybe if you’re not greedy and actually care about the program people can actually sense that and won’t hit-n-run? These are just my thoughts and you might agree or disagree with them. Anyway, here is the newsletter from the admin of GouldsInvest (his name is Marco, by the way):
“Hello Brothers and Sisters at GouldsInvest, It is a perfect timing that I am sending you a newsletter today. GouldsInvest was just reviewed by Paul Abramson of Money-News-Online.com and I must say that the review is pretty good and he pointed out how GouldsInvest managed to get over the December month successfully without any problems. Well, except for sometimes the LibertyReserve deposits don’t get credited automatically. This one I am getting fixed as soon as possible. I already contacted the hosting provider for GouldsInvest and they are checking on it. Anyway, every deposit is being checked and they get credited quickly if you encounter this problem when you make a deposit via LibertyReserve.
Oh and brothers and sisters here is the link to the review that Paul Abramson of Money-news-online wrote about GouldsInvest.
http://money-news-online.com/blog/2010/01/12/11012010-gouldsinvest-review-and-other-news/
Click it and read it and see how he was impressed with the fact that GouldsInvest managed to overcome what they called, the black month.
So far so good, I am happy with the results and happy with what I see. The growth of GouldsInvest is surely taking a bigger leap today after that review was posted and I am quite sure that we will sail through this month smoothly, since everything is looking good.
Before your admin forgets, may I request everyone who receives payments from GouldsInvest to please vote and post. Vote on the monitors and then post on the discussion boards. Those who will be active on postings and voting will be rewarded on GI’s 30th day.
A peaceful day to all of you, GouldsInvest supporters. Thank you.
Cheers, Marco
”.

The admin of GoldenFleeceFund (reviewed here) posted more news about acquiring another share of a gold mine and apologized for the delay with installing a phone line for VIP investors of GoldenFleeceFund. I remind you that in order to apply for their VIP investor status you have to have an active deposit of $3,500 or more in any of the investment plans on offer: 1.1% for 30 days or 2.5%-4% for 90 days. Here is the latest news from GoldenFleeceFund:
Hello, This is Felix Zeller with GoldenFleeceFund. If you do not know, I am the CEO and Manager of GoldenFleeceFund. I would like to relay to all our investors and potential investors of the current big issue on our table right now. As many of you know, not too long after opening up to public investment we were able to acquire an equity position in a mine. This is something we couldn’t have done without the influx of investor funds. We are again looking into our equity position in the mine and we are looking to increase from 4% to 6%. Here are some highlights relating to our equity position in a gold producing mine.
GFF 4% Equity Position Financial Report – Total period:
11/18/09 Cash payment of 7 figures for 4% equity in gold producing mine.
12/08/09 Dividend payment received for the sum of $32,870.
01/11/10 Dividend payment received for the sum of $14,600.
We currently hold 4800oz of gold in our storage bought in at sub-$500 an ounce levels. Some of this storage may be sold to pay for an increase in our equity position. Your investor funds will not be at risk, although they will be used in the grand scheme of things as leverage. Our talks will be resuming next week. We will keep you updated when we are able to.
Aside from our contract talks, I hope you have been enjoying our increased Live Support hours on our website. We ran into a few snags on hooking up our VIP concierge office telephone systems. A 8×8 (http://www.8×8.com) technician will be stopping by our office to finish hooking up our IP phone system, so those entitled to VIP concierge will be able to reach us easier via telephone. Take a look at http://goldenfleecefund.com/?a=news#16 for more information on VIP accounts and the perks that go with it.
Sincerely, Felix Zeller. GoldenFleeceFund Manager
”.

You might remember that the admin of Vegamex program mentioned about the server update that had to be done over the weekend. Well, obviously it didn’t happen as today Mr. McDade informed the members of Vegamex that the upgrade process will start on Wednesday so the site could be unavailable for some time then. Here is the latest news from Vegamex (reviewed here):
Hi Dear Member, We had some delay in server upgrade. The upgrade will be start on Wednesday (Jan 12) at 10:00 AM (GMT).
Best regards, Bart McDade. Vegamex Group LTD
”.

There was also a short message on the site CSMFinance inviting everybody to check their first trading report for 2010 on their Performance page. I’m not a trading expert so I will not be commenting on that report:
First trade of 2010 has been executed! Please check Performance page to learn detailed trade report.
I remind you that CSMFinance has been an excellent performer so far since September 2009 paying to the investors 1.7%-2.1% for 200 days instantly to their LR and PM accounts. More info on CSMFinance could be read in my detailed review published here.

The only exchanger endorsed by Money-News-Online, called simply Xchanger – did a complete design overhaul and I must admit that I like it very much. The site is looking more professional now as a high quality service provider should look in my opinion. In the recent newsletter from the admin of Xchanger Andrei (interviewed by MNO here) announced some results for the year of 2009 as well as another very lucrative special offer on exchanges to SolidTrustPay. Please read the details of the special offer from Xchanger below:
First of all, welcome to 2010. There are a few topics we’ll cover in this newsletter.
1. Thanks. Thank you for your business in the last year and we hope we at least met your expectations. We’ll strive to improve our services more this year and offer you the most safest and convenient place to pursue your exchange needs.
2. New design. Within the next few days we’ll launch our new design. It has improved functionality and it’s a step into the right direction. We’re sure you’ll like it.
3. SPECIAL PROMOTION. What’s a newsletter without a special promotion, right? Ok, here it is:
3.1. Exchange StrictPay to SolidTrustPay for 2%.
3.2. Exchange LibertyReserve to SolidTrustPay for 0%.
These offers won’t last for long, so you may want to act now. Go to Xchanger.
Sincerely yours, Xchanger
”.

A new program called BarterCrown that has been added to my monitoring page today could well have originated from the administration of RosalinFinance and Caziroca as there are so many similarities between these two great programs that have been running for over two months already. I hope BarterCrown therefore will show some good results as well but don’t treat them as a real investment either. BarterCrown is a straightforward game with unproven claims of trading offering six investment plans ranging from extra short-term to a longer term investments. The plans are: 103% after 1 day, 114% after 4 days, 130% after 7 days, 145% after 10 days, 260% after 28 days and 410% after 45 days. The minimum is different for investing in every plan, however for the first two it starts only from $10. StrictPay, LibertyReserve and PerfectMoney are all accepted in BarterCrown as their payment processors. The program runs off a licensed GoldCoders script and is protected by DdosLock which also used by the programs similarities with which I have found. BarterCrown will definitely become a good choice for investing among those looking for a short-term investment in a brand new program. The full review on MNO will follow the first payment from BarterCrown which I hope to receive by tomorrow. Stay tuned for that!

And to finish here is the list of the programs listed on my monitoring page that paid me for the last 24 hours:
GeniusFunds, FxStar, RichAliens, HugMoney, IdealInv, GoldNuggetInvest, ArbsFund, NanoMoneyCorp, PanaMoney, CedexInvest, Verifield, StarkFund, InvestmentForge, RefMotor, MandarinInvest, Flanita, IncoForex, GouldsInvest, AimTrust, CSMFinance, AtoxFinance, AsiaInv, AtlantisMutual, WestFinance, MoneyPlus, Caziroca, KobelCapital, WeeklyDividend, GlobalFund, FinanceNova, TradeZoom, InstantMoneyBets, BetAndTrading, Eternidex, ArbisPro, TheKapital, InvestJoy, StanbicArbitrage, SportBetInv, RosalinFinance, Investorum, OneDailyPro, SantiVentures, Vegamex and PTVPartner.

That’s it for today and see you here again tomorrow!

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