26/04/2010. XoboFinance Review and Other News

BEWARE! THIS PROGRAM HAS STOPPED PAYING! PLEASE DO NOT INVEST!

Hi everybody! Hope you’re all relaxed and rested for what I hope will be a busy week ahead. To start with I want to look at a new medium term HYIP launched only yesterday I think called XoboFinance. To be honest it’s a fairly basic model in terms of plans and payment options, but were this to be expanded on a bit then there is definitely a bit more potential for this one to grow.

There are just the two investment plans available from XoboFinance. One pays you by the day and the other one pays you by the week. But there are a number of variations within each depending on how much you’d like to spend. Starting with the daily plan the investment term runs for 40 business (8 weeks) days and for deposits from a minimum of $10 to a maximum of $500 will give you an interest repayment of 2% business day. Upon expiry your principal is returned so the total amount should be 180%, or 80% profit.

Larger deposits between $501 and $2000 are offered 2.4% interest per business day. By the end of the term that adds up to 96% profit in addition to your original principal which XoboFinance promise to return.

For bigger spenders XoboFinance offers a daily payment of 2.8% per business day on deposits between at least $2001 and the maximum allowed $20,000. That adds up to 112% profit on top of your principal.

For a slightly more rewarding option, though of course accompanied by a higher risk, XoboFinance then have a weekly paying plan that runs for 8 weeks. The minimum investment remains an affordable $10. Anything between that and a maximum of $500 will receive a weekly rebate of 11%. That compares to 10% over an equivalent seven day period in the previous plan. You will then finish with 88% profit on top of your principal which is returned. It’s your choice entirely of course but personally I doubt many will find the extra 1% per week (or 8% in total) to be worth the risk.

Other options for bigger investors include a weekly payment of 13% per week on deposits ranging from $501 to $2000 enabling you to collect 104% profit in addition to your principal. And for the big spenders prepared to take a serious gamble XoboFinance are offering 15% interest per week for deposits ranging from at least $2001 to a maximum of $20,000. That’s going to be 120% profit on top of your original principal.

Otherwise this would all be well and good if it wasn’t for two things. First of all the timing. As you can see only the biggest investors have any chance of profiting here before the actual expiry of the plan. And in light of some recent high profile closures the simple fact of the matter is that less and less investors are comfortable with the idea of leaving their principal where they can’t get it back, but also can’t make a profit until the admin decides to return it. Now I don’t mean that to be a reflection on this or any other program, but it’s just the way things are going at the moment. The other thing that’s not going to help the case of XoboFinance is the simply abysmal variety of payment options. It starts and finishes with LibertyReserve, so take it or leave it. Most of you will know by now exactly what action they’re going to take in the event of you getting scammed, and it’s not as if there’s a shortage of other HYIPs out there at the moment with more secure options for you. So the admin’s choice is a simple one – expand this “list” or stay on the margins.

The security isn’t bad though. XoboFinance is hosted on a dedicated server with support and protection from Koddos. They are also using SSL encryption to protect the members accounts as certified by Comodo. The program is running off a script licensed from GoldCoders. Contact with the admin should you need it can be made through the support ticketing system on the contacts page and also via Live Chat, which is not a 24 hour service.

Texts are a direct copy/paste from PanaMoney. Though XoboFinance aren’t exactly the first HYIP to shall we say “borrow” texts from other programs it does mean to me that you should dismiss any claims that this is in any way a real business and anything other than a regular high risk online game. If this is what you are looking for, (and to be fair it is what a lot of people are looking for), then proceed with the usual caution, remember there are no guarantees, and spend sensibly. Like any gamble the rewards are there but you have no influence over the outcome.

OTHER NEWS FOR TODAY.

The admin of one of the fastest growing and most innovative long-term programs StaunchFinance (reviewed here) Brent just launched a contest. And just like his program its quite original. It’s not just another referral contest that every single program is doing. This contest will go with the growth and the members and its downline will be rewarded at random so everybody could have a fair chance for a prize. I remind you that StaunchFinances utilizes a unique concept of mixing a short-term investment of 20% for 6 business days with a payment on expiry with a long-term plan paying 2.5% for 56 business days. Many members already had a chance to get to know Brent from his previous program and constant appearance on MMG forum to support his members. So if you’re looking for a new exciting program there is no other way to go than StaunchFinances. Here is the latest email from Brent with the rules of the new contest (another one is coming later this week):
“Hope you are having (or had) an awesome weekend! As I promised on my last newsletter, I was going to announce a contest. There’s going to be two contests, one is ongoing and the other one has a time limit. I will be discussing the ongoing one for now and send a separate email for the other one anytime this week. I am still finalizing some of the details.
Ok, I think I need to give you this stat for the contest, we currently have 282 members. Every 100th member starting at 300 will get a cash prize. I will base their prizes on the member number meaning the 300th member and his referrer will both get $30 to their accounts, the 400th member and upline will get $40 each, 500th member and upline $50 each, and so on and so forth. This way, everybody gets a chance and not only the major promoters, bloggers and monitors. Don’t get me wrong, I highly respect them for what they do but they already make a lot of money with commissions. They still do have a higher chance of winning though but at least everybody gets a chance.
That’s it and good luck everyone! Thank you for all the support! Brent
P.S. For those new members who haven’t read my last newsletter, please click on ‘Newsletters’ at the bottom of the SF main page. Thank you again!”

It seems MoneyMakersGroup continues to grow and attract more new members after the recent addition of AlertPay as a payment option. The $10K mark was hit today and the member of MoneyMakersGroup along with his referrer were rewarded with a nice cash prize. The new goal now is $20K now and I’m sure that with such a dedicated admin this will not be a long way to go. Here is the latest news from MoneyMakersGroup that is paying 10%-12% for 12 days with daily payouts (reviewed here):
“Dear Money Makers, Let us come to quick stats first..
Total Members: 267 Upgraded Members: 168 Total Deposits : $10215 Total Withdraw : $2621.52
Nice and steady growth for us. We are now just 6 days old. We have proven already up to some extent with past payouts and good support. We are being supported well by our members too. We thank you all for this.
As we said in our first news letter we have awarded the member “hanupresent” with $75 who took us to 10k mark. His sponsor is awarded with $25. Accept our congratulations.
We are now marching towards 20k. Let us see who wins that award. We hope to reach that mark in very less time.
Thanks. MoneyMakersGroup”.

There was some exciting news from AlphaMoney recently. They have added multilingual versions for their website (I suspect it’s not an auto-translator but rather a professionally made version). So now many international members will be able to read AlphaMoney in their native tongue which will definitely make the program more popular on a broader scale. More changes have been announced and the first positive change is the possibility to disable the transaction codes that are being sent to your email to confirm every transaction in your settings. Please also note that it’s not recommended to do as it’s an additional security layer which makes your account in AlphaMoney more secure. AlphaMoney is accepting all the major payment processors and is paying to you instantly for the following investment plans:1%-4.5% for 100 business days (with the principal returned on expiry) or 2.5%-7% for 90 business days (with the principal already included in daily payments). You can read more about AlphaMoney in my comprehensive review published here and this is the latest news from the project:
“Changes in business.
Greetings to all members of AlphaMoney.
Today we are glad to inform you about some innovations on our web-site.
Firstly, we have added French, German, Spanish, Chinese and Portuguese languages. So now you can read the information in your native language.
Secondly, some of you didn’t like to receive the transaction code to your e-mail. That is why we have added button “None” in your personal settings. So, now you can turn off this function.
Thirdly, our team is working on some global changes in our business. Very soon we will add new features to our site. So, follow the news.
Best regards, Guillermo Hernandez. CEO at AlphaMoney.”

The site of ForexNetClub – another program from the Top 10 list on MNO – might be unavailable for several hours today and the administration of the program warned about this beforehand in the latest newsletter:
“We would like to inform you that we will perform some updates on our system 26 April 2010 1:30 PM GMT. There will be expected down time of 6 – 8 hours. However it may exceed if there is any problem occur.
We apologize for any inconvenience caused.
Do not hesitate to contact us with any question you might have.
ForexNetClub Ltd. Support Department”.
I remind you that ForexNetClub is paying via LibertyReserve and PerfectMoney along with Bank wires on three investment plans: 109% after 2 weeks, 128% after 4 weeks and 191% after 8 weeks. More about the program which currently occupies the #7 spot in the MNO ranking can be read in my detailed review published here.

As for EuroNanoInvest (reviewed here) it’s been an even better performer for MNO readers allowing it to climb to #5 in my rankings. EuroNanoInvest is fulfilling instant LibertyReserve and PerfectMoney payouts on three investment plans: 1.4% for 160 business days, 1.6% for 140 business days, 1.8% for 120 business days with the principal returned back on expiry of each of them. I completely forgot to publish the latest news from EuroNanoInvest that was put on its website a few days ago. In the latest newsletter there were some reports about their nano business which cannot be verified together with more practical news about the addition of the French version of EuroNanoInvest site and the Spanish version which will be available soon. Here is the news from EuroNanoInvest site which is now bi-lingual:
“Did you notice a rapid growth of our business?
We strive to offer our customers the most convenient investment services on the Internet and don’t stop in development of our business. The project EuroNanoInvest now exists in French and one can enable it in the top right corner of the page. Those of you who have any questions can contact our support department which is available in French.
We are pleased to announce to thousands of our clients from Spanish-speaking countries that very soon we will launch the interface of our site and customer support in Spanish.
Also it is necessary to say that at the core of our business the positive trends still continue to appear. This time we report the opening of a new direction in the selection of venture capital projects by our analytical department in the third decade of March. It is industrial nano polymers used in the commodities. The nano polymers of this kind are the materials of the future and even today the companies like BMW construct their conceptual models using similar materials. You can see everything yourself here.
The first venture projects in the field of nano polymers we partnered with are Grozzer Mechanics Ltd. and POPYSPHERE Venture. The investment activity in the field of nano polymer is characterized by fairly long payback period however the ROI in this industry can amount to several thousand percent. We will surely notify our customers about the first results of investing in the projects mentioned above. The first report on working with these ventures is scheduled for October 15, 2010. The report will be submitted in writing or on site of EuroNanoInvest or will be presented at a conference in Dresden in late October.”

The administration of PenninesFunds (reviewed here) announced the launch of their Live support so now you can solve all your issues and get your questions answered in real time. Here is the latest update from PenninesFunds program paying 2%-2.7% for 90 days with the principal returned on expiry:
“Hello. We are now using Live Chat as one of the way to provide Customer Service to our member, you can easy to find it on our home page. Our customer service representatives will help you to solve the problem you have met on our website, and all you need to do just one-click.
Kindest regards, Winford Fenelon. PenninesFunds Customer Service Department”.

It’s strange but it seems that many people are having pending withdrawals from InvestProxy (reviewed here) for over 48 hours now. That can be confirmed by looking at their “Payment proof” page that shows the latest unpaid withdrawals dated by 24/04. The administration of InvestProxy blamed a glitch in the script as a source of the delays and promised to pay all the pendings within the next 24 hours. I hope that will really happen soon otherwise InvestProxy will be moved to Problem status on MNO. Investments in InvestProxy at this moment are not recommended, however I will give them the benefit of the doubt this time though as I never experienced any issues with payouts before so perhaps it was a real glitch. Here is the update from InvestProxy administration:
“We had a slight issue on Saturday with our script and since it happened during the weekend we were not able to immediately rectify the it. However, we are glad to announce that the problem has now been taken care of.
Please note that we are working to clear any pending cashouts. Be informed that every cashouts will be cleared within the shortest time.
We will give you an update again within 24 hours.
Have a nice day.
Regards. Admin. InvestProxy.”

Another program which I don’t recommend any re-investments now despite the payments continuing is ForexPaidMe (reviewed here). Suddenly the admin opened an extremely profitable and therefore dangerous plan paying 190% after 1 day + principal back with the minimum to invest of $500. Please under any circumstances do NOT invest in this plan as it’s a definite sign of imminent collapse. ForexPaidMe has been a great performer for the last couple of weeks but apparently the game will be over soon. I cannot move the program to Problem status on MNO yet as I got another instant payment today. However, if I get complaints about non-payments I will have to do so. I also noticed that some members have pending withdrawals now which used to be instant and the admin explained this with a lame excuse blaming LibertyReserve for not coping with the quantity of payments. He promised to pay within 24 hours though so we will wait and see what will happens soon. I repeat: further investments in ForexPaidMe are not recommended at the moment after receiving this ridiculous email announcing about the new plans today:
“Dear investors!
We are satisfied you to report that the number of our users exceeded 2222! In this connection we prepared an event you a plan 190% After 1 Day + returning of initial deposit! Minimum deposit 500$, maximal 15 000$ . On this plan we will accept 50 deposits only. you hurry to get in 50 of happy investors. This action conducted it will not be in the near time.”

Remember I asked you about Oico payouts last night on my blog? Well, I received no complaints so far and for me the last payment was instant yesterday. So I have decided to move Oico back to Paying status on MNO even considering that the admin doesn’t reply my emails and that the new short-term plan paying 20% for 6 days is still running. I don’t see any sense in keeping the paying program in Not Paying status on MNO if it’s paying fine. If you have any proof regarding some issues with Oico please contact me at abramsonp@gmail.com and I will check out your claims.

For some reason AtoxFinance (reviewed here) announced about two non-business days this week on which the variable interest rates will not be credited to members’ accounts. The small update has been published on their site today, however I couldn’t find any other troubling signs as I was paid instantly as usual today from AtoxFinance. Here is the update:
“Dear Investors! We would like to attract your attention that 26/04/2010 and 29/04/2010 are not-trading days.”

I have added another program Forexica with a lot of short-, medium- and long-term plans on offer. However, they all have one thing in common – they are all paid on expiry of your investment. Here is the list of all the available plans in Forexica: 101% after 2 days, 103% after 4 days, 108% after 8 days, 120% after 16 days, 132% after 24 days, 156% after 36 days, 180% after 50 days, 225% after 65 days and 340% after 90 days. The minimum to invest in each plan is different and it starts with $10. You can deposit via LibertyReserve and PerfectMoney only, however I would not advise you to invest your money into 101% after 2 days plan as 1% it’s exactly how much fees you will pay to LibertyReserve so actually you will receive 0% profit on this one. Forexica is really a good website which just started yesterday with a lot of potential. They are hosted on BlockDos dedicated servers and using a licensed GoldCoders script. A nice layout and different ForEx charts can fool some amateur investors into depositing more than they can afford to lose. However the experienced investors will see that their phone number is simply an autoresponder and their address in Birmingham is missing some important details. Anyway, I think investors can make some money in this short-term program if they play smart. I would speculate that the admin of Forexica could possibly be the one that used to run some highly successful programs like RosalinFinance and Caziroca in the past. They were ran for several months and were considered very profitable for many investors. If my guess is right Forexica will not be an exception. Well, I’m going to publish a more detailed review of Forexica on MNO soon, so stay tuned for that!

I have been paid today from the following programs:
TrueEarn, Rags2Richness, AlphaMoney, PrivateDiamondClub, PenninesFunds, MoneyMakersGroup, CharterInvest, RedOrchidInvest, Aballong, StarxInvest, FinitInvest, SolidTrader, Oico, DollarTime, YingYangInvestment, ArbsTeam, ForexPaidMe, Xcelsus, InvestAward, HYIPnet, EuroNanoInvest, AtoxFinance, IntermedInvestments, StaunchFinances and XoboFinance (the first payment received).

That’s it for today, guys, and I hope to see you all on my blog tomorrow!