27/05/2010. SpaceInvest Review and Other News

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

Hi guys! Apologies for no update last night but it was a pretty long day for me having started the day in Israel and with an interview with Andrei from xChanger (read it here) and now finishing the day after a five hour plane journey to London where I’m back again to visit some friends for a couple of days. Anyway I’ll try my best to get through all main news stories for you today. I’ll also have a more detailed update for you tonight.

Before that however there is one short term HYIP game that I want to tell you about called SpaceInvest. And let me make one thing clear about this from the very start – you are going to have to make a snap decision on whether or not to join this one. If you’re going to join then you pretty much have to do so immediately or else forget about it. SpaceInvest has six investment plans with variable rates of interest. The problem is that what actually looks like a decent program on the surface is spoiled by the unfeasibly high returns they offer. Had they toned it down a but then I’d have no hesitation in saying they could run for a number of weeks, but no matter which way you look at it these rates can’t be sustained. So instead of weeks we’re talking about days here instead. Don’t be put off by that completely either by the way. A number of people including me have been paid by them already, but this is definitely one for the gamblers, OK?

So, on to the plans. As I said there are six of them and They all have the same minimum investment of $10 and the same maximum of $20,000. The first is called The Novice Plan and it runs for just 1 day. Payments are made on expiry (obviously) and will vary according to your deposit. The rates are 103% for $10 to $500, 110% for $501 to $1,000, 115% for $1,001 to $3000, and 120% for $3,00 to $20,000.

Next up SpaceInvest are offering you The Starter Plan and it pays you on expiry after a term of 3 days. The rates on offer here include 130% on deposits between $10 and $500, 140% on $501 to $1,000, 160% on $1,001 to $3,000 and the maximum payable on deposits from $3,001 to $20,000.

Following that is The User Plan and this is where things start to get a bit out of hand as regards the payments. The plan runs for 5 days and SpaceInvest offer the following rates to be paid on expiry: 200% on deposits from $10 to $500, 210% for $501 to $1000, 230% for $1001 to $3000, and a maximum of 250% on anything between $3001 and $20,000. Now whatever about the first two plans being high ROI I think we can definitely all agree that there is going to be a very limited number of cycles that can double your deposit in such a short number of days. I mean it’s ambitious to try it in thirty days, but five? Good luck but don’t wait around if you like your chances.

The next plan from SpaceInvest is called The Investor Plan and at this point I think it’s fair to say that I’m including the remaining three plans largely for information purposes. This one runs for 10 days and on expiry offers the following returns: $10 to $500 will receive a return of 300%. From $501 to $1000 gets 310%. $1001 to $3000 gets you 330% and deposits from $3001 to $20,000 gets 350%.

Then we come to The Pro Plan which is even more outlandish. The term runs for 15 days and this time SpaceInvest are offering returns of 400% for deposits of $10 to $500, 410% on $501 to $1000, 430% on $1001 to $3000, and 450% on anything from $3001 to $20,000.

And finally SpaceInvest have I think reached outer space and are not performing all that well in an environment free of oxygen. They now offer The Banger Plan and if anyone sees a dime out of this then I’ll double it myself. The plan runs for 30 days and the terms on offer include 750% on deposits between $10 and $500, 760% for $501 to $1000, 780% for $1001 to $3000, and 800% for $3001 to $20,000.

The choice of payment options is exactly what you would expect from a program like this one and is limited to just LibertyReserve or PerfectMoney. So you know what to expect when the inevitable happens. On the plus side however payments are instant so once you request them you should have it in your chosen account in not more than a couple of minutes.

One of the most surprising things about SpaceInvest is that once you get past the plans which are at best unrealistic, it’s actually a pretty good website. If only the admin had come up with something a bit more sustainable it would have had to potential to attract a lot more investors with a lot more money and generate a lot more profit for a lot more people, including the admin himself. It’s hosted by Dragonara who are amongst the best providers in the business, and that quality comes at a price because they are also more expensive. They are keeping SpaceInvest on a dedicated server. It’s also running off a very original custom made script. When you go to make a deposit you will be automatically re-directed to the SCI area of your chosen payment processor account. Contact with the admin is made through the support ticketing system.

Obviously enough SpaceInvest is not to be taken seriously despite the home page claiming that they are a “legal company”. The only place they are a legal company is in outer space, lol! This is high risk so make sure you know what you’re doing first ok, and don’t join if you’re a sore loser. The trick here of course is timing and if you play it right then you can join the number of people that have made a few bucks from this one already and if enough people join it might last a bit longer. But I’d still advise you to avoid the longer term plans. I mean the shorter term ones could be a fun game to make a couple of bucks out of but you’ve only got your own greed to blame if you lose anything in the expectation of something like 800% interest after a month. Use your heads here but if you don’t like it I’ll have another new program to tell you about later on tonight.

OTHER NEWS FOR TODAY.

There was an issue with TrueEarn last night. Generally speaking it has to do with their AlertPay account rather that the performance of the program itself which has been flawless so far. So after somebody contacted me and said it was impossible to make a deposit via AlertPay I immediately asked the admin about it because I’m aware that AlertPay issues could affect any program in a negative way and could even cause a gradual or abrupt collapse. So the admin confirmed that AlertPay blocked his account but notified me that he was looking for a solution of. And really, it was found. Another AlertPay account was opened and the deposits been accepted and withdrawals started getting processed again from the new account. Still many investors saw it as a very bad omen and the first sign of the coming closure. This wave of panic can definitely kill TrueEarn which as any other HYIP depends on new deposits in order to sustain the older payouts. This situation once again raised many concerns about the reliability of the programs accepting AlertPay as even relatively honest admins can’t run their programs without issue since they mostly use AlertPay accounts verified to some different persons. Of course, AlertPay might be right in their decision to suspend such accounts once it finds them but on the other hand such policy of accepting the accounts and then blocking them for some reason is quite questionable. So I invite you to discuss this issue on MNO forum thread http://money-news-online.com/forum/viewtopic.php?f=16&t=106 which I opened specifically for it. Please speak your mind freely! By the way, everybody currently expects (and rightly so) some update from the admin of TrueEarn Scott (interviewed here) regarding this AlertPay issue. He told me this morning that everything would be alright with TrueEarn so let’s hope that’s really the case here. If you want to know more about the program please read my detailed review published here. I’m going to go through all my emails after this update and will see if the program is still paying. I will publish about it in my next update so stay tuned for that, guys!

The administration of OilInvestment program (reviewed here) celebrated over 2,100 members and strangely advertised another program with the same name (I wonder if it’s run by the same admin or they simply paid for advertising, lol). I must say that for nearly two weeks online OilInvestment really performed well and if you joined it early enough you should have definitely profited from one of the short-term following plans it offers: 53%-62% for 2 days, 104%-124% after 1 day, 122%-192% after 5 days, 140%-368% after 10 days, 165%-506% after 15 days and 950%-1082% + principal back after 30 days. Let’s hope OilInvestment could run the same way for another two weeks. Here is the update:
“All investors have an opportunity to congratulate us, because there is more than 2100 participants now.
We divide this success with to all investors, who have already made deposit and wish to do it.
Hurry up to join now!
Best regards, Oil-Investment.BIZ Team
P.S. Please, don`t confuse us with our great partner – Oil-investment.ORG”.

It looks like another low-ROI program made on the same script used by GNI failed. I’m talking about ArbexTraders. And please take note that the program suddenly closed on the same day the first payments for the monthly plan on expiry should have been made. Well, it simply proves that ArbexTraders was a scam project from the beginning and that nobody was in profit from that awful program. Seeing that it would be stupid to hope for the refunds that those admins promised generously in the latest farewell update on the site. Well, another stupid “trading” scam bit the dust and at this point there is really more chance to make money from the short-term programs than from the long-term ones. And still ArbexTraders offers you a private program but please don’t be fooled by that as that is a usual practice from the shameless admins who try to squeeze every last drop from their scam. Well, I’m simply sick and tired of all those lies, guys. Just read what you can find now instead of the vanished ArbexTraders site:
“Dear AT members,
We regret to inform you after many days of deliberation we have made the tough decision to close ArbexTraders. Our intent was to always run an honest program where we didn’t have to take advantage of our members to keep the doors open. We have ran into many problems along the way that really kept us from getting ahead.
Trading with 10 or 20 USD, is not really serious, and not possible.
We will open a private progress for serious investors. Interested investors can contact us for more informations.
We will do our best to refund members once all costs are taken into consideration.
We have closed the website. We just wanted to do the right thing and inform you all.
Best Regards, Jeremy and John. ArbexTraders”.

After that update it’s strange that YingYangInvestment is still struggling and the admin is trying to squeeze every penny from the investors trying to draw you into a “Save our program” campaign. The admin stated that he himself lost 1.6K trying to promote the program. Well, in this is really hard to believe as nobody so far was in profit so where did all the money really go? And why should members support a program with their funds which will definitely be gone? This is a relatively honest approach but quite useless in my opinion. Add here the selective payouts being processed now and you will see a clear picture of a pending scam. So please do not throw money away on YingYangInvestment anymore or you will risk losing everything. Here is the newsletter just for your amusement:
“Dear members,
This might be the most important update ever as we have reached a very critical point. And the rest of the story has to be written by you.
We are not growing fast enough and we where not able to invest a lot in our money generating system. We have pulled it all out and paid as many as possible and some have received some money as a (little) refund. I can tell you this; even I have 1.6K loss so don’t start insulting me.
Ok what can we do, there are 2 possible scenarios:
1. We can stop, this means the end of YingYangInvestment. Then it is over and YingYang dies. Leaving all of us in loss.
2. We can act like a community and try to save the site.
We can by example do something a site never did before, something unique.
We can make YingYang play a last game, make it do something so no one will ever forget it. We can turn it into a successful 12 X 12. But be aware it is completely ponzi then. Still I will not with your money, you have my word on that. Then YOU need to promote it at forehand. Make our topic turn crazy at the forums etc.
This is a disaster to some of you.
Some of you will think ‘lucky me, I did not invest’. Those people are wrong, if we had some better investors this would been a success story.
I want to invite you to the MMG topic to talk about it. And to vote. Also you can bring in new idea’s etc. By spreading negative words you will only make it fail.
It is in your hands now, a choice will be made in 2 days based on your input.
John”.

That’s it for now and more news will be available for you on MNO later tonight with the review of GoldWayMoney being published as well. Again sorry for not-updating my website but it was an unplanned situation. Stay tuned for more in a few hours, guys!