16/01/2010. Interview with the admin of HugMoney

BEWARE! THIS PROGRAM IS PAYING SELECTIVELY! DO NOT INVEST!

Hi guys! The first post today is an interview with the admin of an interesting short term HYIP called HugMoney. I have to admit that many investors found the timing of the programs launch to be questionable as two weeks before Christmas is usually a time more associated with fast scams than quality programs. Well, here we are a month later and HugMoney is still very much alive. So the initial critics have been answered but let’s see how much longer it can be sustained for. They did an undeniably good job in getting through December at all in the first place so I think it fair to assume there is at least one experienced admin involved here. And that’s no bad thing in my book.

Anyway, before we get to the interview (which I think the admin answered quite well by the way) let me just remind you that HugMoney is a short term HYIP offering three plans that pay on expiry. 122% after 5 days, 135% after 7 days, and 200% after 20 days is whats on offer. For further information you can refer to my original review published here.

“1. Hi, please introduce yourself to the readers of MNO and tell us a bit about your own involvement in HugMoney. Is this your first online venture? What other experience do you have in this Industry?

Hi Paul and MNO readers, I am Albern Walker and I’m the chief administrator of HugMoney online investment program. This is my first online venture . I have more than 8 years experience in all aspects of business with concentration in finance and management.

2. Can you also give us some background history on HugMoney? Why did you decide to open your own program and what are you expecting to achieve by this? Are you alone or do you have a business partner or assistant?

HugMoney is Simply the epitome of online investment opportunities, it offers a Stable, safe, comfortable and a pleasant earning atmosphere that is propelled and managed by experts and professionals in the financial markets in general.

Most of our teammates are professional bankers and traders, and some of them have good years of business and financial related experience.

The decision to open a website and accept worldwide membership is similar to why any other business goes online – to reach a wider audience. More capital brings more opportunities and allows for additional leverage.

I’m not alone in this formidable business venture.

Besides the main force of our services, the traders, there are also several people involved serving in administration and customer support.

3. Can you explain how the process works? From the moment I decide to join HugMoney to the moment I get my first payout, what happens? What do I need to do?

After joining HugMoney you must deposit in one of the plans and then simply wait for 5 or 7 or 20 days as your choice (we are offering 3 plans). At the end of this period your principal and your profit will be added to your account. All you need to do then is login to your account and request your balance. We can usually get that paid to you within 24 hours. So you won’t be waiting too long before you see it in your e-currency account.

4. What are the plans you are offering investors? What are the minimum and maximum amounts to spend? What payment processors are you currently dealing with? Are payouts automatic or do I need to request them?

We have 3 investment plans :
1 : 122% After 5 Days With Minimum of $4 and Maximum of $2000
2 : 135% After 7 Days With Minimum of $40 and Maximum of $2000
3 : 200% After 20 Days With Minimum of $100 and Maximum of $22000

We Accepted AlertPay, LibertyReserve, PerfectMoney, and StrictPay.

Payouts are manual – You must login to your account and request your money for withdrawal.

5. Opening a short term HYIP two weeks before Christmas was a brave move. A lot of people are surprised you are still here over a month later. How were affected by the mood that usually surrounds programs like yours in December and how have you managed to be successful for such a relatively long period?

We know how to mange High Yield Investment Programs. By today we are 37 days online and counting and still providing the same high yield short term plans. It’s not easy for all but it’s easy for us because we know the HYIP industry and we know our investors and what those investors want.

6. Typically short term high ROI programs tend to have a shorter life span than their long term ones. How would you respond to this? Do you agree that the longer you are online the harder it’s going to be to attract new members. How do you deal with that?

Sorry Paul but I don’t agree with this idea. With HugMoney the longer we are operating the more we are attracting increased numbers of investors. For one thing we haven’t just dropped our advertising. In fact we started advertising even more aggressively as you are seeing. The longer any HYIP survives the higher its position becomes among the monitors, the rating sites, and the blogs. That will only attract more investors. Closing a program depends on the admin of site and the decisions he takes about how he manages it.

7. What about the security of the HugMoney website? What steps have you taken to protect yourselves from things like DDoS attacks? Are you on a dedicated server? Who is your hosting provider and how good do you think they are? What script are you using and how good do you think that is?

Security is an important issue for HYIP sites. As long as you don’t have too much downtime on your server and as long as you don’t have any problems with your script then you can keep your site running for a much extended period. We did a lot of market research into this area and as a result we decided to go with a reliable hosting provider called DdosWiz. They are the best in this market. We have a good level of protected hosting from them.

And as for the script we are using one licensed from GoldCoders. The are perhaps the most famous script and used by many of the most well known HYIP sites on the internet today.

8. What advertising strategy have you been using to promote HugMoney? Are you satisfied with the level of growth so far?

We are buying banner advertising from most of the well known monitoring sites and blogs. Also we will buy banner advertising on the main investment discussion forums in the near future. Advertising must done gradually, step by step and not in one day. Buying sticky topic listings on the main forums is another option we are looking at.

9. What about the success of the program overall so far? Are you pleased with it? Can you give us any statistics on the number of members and the total amount deposited?

HugMoney is growing very fast. You can check our ranking for yourself in Alexa. We now we have more than 2100 members and it continues to grow very fast. More than 100 new members are joining to our site every day. Until now 1024 of them are active and the total deposit between them is more than $150,000.

10. What is the best way of getting in contact with you if I have questions or problems? How fast do you usually respond to support tickets?

There are three ways our members can contact us. One: a direct admin e-mail address – admin@hugmoney Two: a Support e-mail address – hugmoneyco@gmail. And three: you can contact us through the support ticket form – http://www.hugmoney.com/?a=support

But the best way for contact us is using support forum. We will answer all e-mails within 24 hours but sometimes we get to them in minutes (if we happen to be online and logged in to our e-mail).

11. With so many new programs coming online every day, what would be the one thing you would say to investors who are still undecided on which program to pick? What are the benefits of joining HugMoney over any other program?

Investors sometimes have to make fast decisions when it comes to investing in a HYIP sites. Because some new programs will close after a very short period – sometimes before even the first cycle has finished. The best way to verify a good program is checking them out on the forums and rating pages and checking the results of answers to them in e-mails. Send an e-mail to admin of program and ask some questions too.

As you see we have good posts and good comments in the forums and monitoring sites and we will answer e-mails very fast and we kept our program more than one month online.

12. What can you tell us about the outside business activities of HugMoney? How are you investing the members’ money and how are you generating such huge profits? Can this seriously be sustained?

The main interest of HugMoney Inc., is to share the knowledge about possibility of investing in, and about the very existence of Alternative Investments, yielding much greater returns than what can be offered by any government controlled, therefore “fed” enforced, investment conglomerates. Trading in FOREX is not significantly different from trading Stocks and with a proper legal and technological set up of the management of this activity, and therefore the building of wealth by the average consumer becomes possible. Uniquely, our company provides you with actual trading results daily. Our detailed, actual trading reports are also available as an independent subscription service.

13. Your homepage makes some mention of your business activities but I have seen the very same texts in at least one other website that has been online longer than yours. I know it makes little difference to the performance but how do you comment on that?

Yes that’s right. It’s simply because we are new in the online HYIP business so we checked many other investment programs and collected information on some of them that operate in a similar way to us. So we decided to borrow some text for our site. It’s not that important if it isn’t totally original as it still accurately applies to our website.

14. Finally what next for HugMoney? What can we expect from your program in the near future? Will there be any changes or are you pleased with everything as it is? Will you prefer to concentrate simply on expanding the membership?

We have good planss for HugMoney in future. First of all we want to change our design in next week or so. And then we will try to reserve some banner spots in the better monitoring sites for the future growth of HugMoney. Also in the future to provide better quality of support for our members maybe we will disable new registration in our site. But it really depends on the numbers of our members.”

Thanks a lot to Albern for that and I hope you find it useful in deciding whether or not HugMoney is something you wish to take a chance on. That’s it for the moment but not for the day. I’ll be back as later this evening as usual with all the latest news stories from the programs covered on my monitoring page. So if you’re a member of any of them or just looking for info then be sure to check back here later. See you then, guys!