28/05/2010. RichWorld Review and Other News

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

Hi everyone! Hope you’re all looking forward to the weekend as much as me. I know I could do with putting my feet up for a couple of days so I hope it’ll be a typical weekend for HYIPs with not so much news to bring you. But whatever news there is, MNO will still be the place to find it. Anyway, after this morning’s interview with the admin of a more established short term program (TrueEarn, read it here) I want now to tell you about a brand new one. It’s called RichWorld and I suppose you’d describe it as a more traditional HYIP based game. Considering they only launched yesterday they’ve already gotten a fair amount of attention on the forums, so let’s see if the attention is worth following up on.

In light of some recent well publicized events in the HYIP industry it’s well understandable that many of you will have a lot of well grounded misgivings about participating in newly established short term programs right now. But if you haven’t lost your taste for the action then you’ll know that programs like RichWorld are best joined early so you’ll minimize risk and maximize earnings. And what they’ve got for you here is four short term investment plans with affordable deposits paying on expiry.

The first of these is called The Starter Plan and is open to nice user friendly size deposits of between a minimum of $5 and a maximum of $500 which means you can’t go nuts here even if you wanted to. The investment term runs for 3 days and payments are made on expiry. The rate is 108% and that includes your principal.

Next up is The Rich Plan and in order to join this one RichWorld requires a deposit of between a $5 minimum and a $5,000 maximum. The term runs for 5 days and on expiry of that you will be paid a once time payment of 120% interest, principal included.

Things begin to get a little bit more risky with the third option called The Richest Plan. $5 is the minimum deposit and $10,000 is the maximum. The term runs for 10 days this time and on expiry of that you are promised a payment of 150% interest including your principal.

And finally the fourth and most ambitious plan from RichWorld is The Millionaire Plan. $5 is the minimum investment and the reward after a term of 15 days is a payment of 200%. Doubling your money in 15 days is always possible in this business but really the programs that can do it successfully for a number of cycles are few and far between with the ones that do it consistently for a number of months being very rare exceptions. So if you want to risk it keep it affordable but make a move on it sooner rather than later.

As we can see the plans progressively get more and more risky. Though to be fair to the admin he has kept the minimum spend at $5 so it’s open to everyone and at these prices the personal risk you put yourself at can be negligible if you want it to be. I mean it’s your choice entirely as to how much you want to spend (if anything) in each plan but you could always split your deposit with a much smaller section going to the longer term plans. Just in case RichWorld does turn out to be a success it could be a fun way to collect a little bonus after the shorter term plans mature.

The selection of payment processors is pretty decent by most standards but especially for a short term HYI program like this one. RichWorld accepts AlertPay, LibertyReserve, PerfectMoney, and StrictPay. Payments are manual and will need to be requested. Please note that the FAQ page says that payments will be made within 24 hours but the home page says they can be made within one to two hours. I’d be impressed if the admin can maintain that service in a 24 hour business.

Hosted on a dedicated Staminus server with Koddos protection RichWorld is also running off a licensed GoldCoders script. SSL-encryption is also being used to protect the website throughout. Contact with the admin is made through the support ticketing system. There is a Live Chat function as well but no information about the schedule it operates on (if any) is offered. They also have a handy little beginners guide for industry newbies that gives a step by step guide to opening an account and participating in the program.

Make what you will about the business plan. Other than the admin making some lofty claims about personal qualifications there’s no real information about the business so it’s fair to take it as any other short term HYIP and treat it with the caution it deserves. The first payments on expiry have yet to be made but that won’t take much longer so if you prefer to wait for that before (if) joining then keep an eye on MNO and I’ll make sure you hear about it as soon as it happens.

OTHER NEWS FOR TODAY.

First off, I would like to warn from a scam email you might have just received from somebody pretending to be myself from the address admin@moneynewsonline.com I would like to mention that my domain name is money-news-online.com and not moneynewsonline.com so it should be perfectly clear it’s a scamming email. If you join the program being advertised there you’ll most definitely be scammed as such people will not care about anything to get your wallet emptied. That being said I’m giving you the email without specifying the link to the scamming site it’s promoting:
“Hello Folks,
I am Paul from Money News, I know the investment world is very slow now and lots of programs closing so fast.
I will be recommending some few programs to you to keep your earning. The first program am recommending is an Arbitrage program you can trust, Zero Risk Investment.
Join the program and start earning, I am watching and monitoring this site and the payout is fast and admin is reliable.
I will update you again with the next trusted site.
Have a good weekend.
Paul. Money News”.

I was also contacted by my hosting provider BlockDos today that moved my site to a new stable server which took only a couple of hours. But if for some reason you registered at MNO Forum during this time and now can’t login please re-subscribe as it’s possible you did this during the moving process. Thanks a lot for that, and I would like to greet on MNO Forum Andrei, the admin of xChanger that just created an official thread on my forum that can be found here. Please check it out often and tell to him what you think about xChanger (the interview with the admin can be read here).

There is a strange situation with NanoVenture as I can’t figure out their status that should be displayed on MNO monitor yet. Straight after yesterday’s payouts I received a couple of complaints from my readers who stated they had not been paid for the last two days. Then I received the email from the admin of NanoVenture explaining that the mass payment script doing the payouts failed to deliver last night and that was the reason why some people were not paid last night. I myself got payments from NanoVenture regularly except for the day they took the day off and I got paid today as well. So I would suggest to drop me a line in my ShoutBox that help me define the further status of NanoVenture on MNO blog. The bad votes and the unwillingness of the admin of NanoVenture to extend the banner on MNO makes me think though that NanoVenture might be in trouble so I would not recommend any further deposits into this program. It’ll stay on Paying status on MNO monitoring for the time being but please be aware that it might be changed later if I get more complaints from my readers. Here is the explanations of some unpaid interest that many investors were not paid last night and it’s up to you if you believe it or not:
“Dear members
We received some alert about members claiming in forums we are doing selective payments.
This information is fake. We are processing daily payments using a masspayment script, and this way to send hundred or thousand of payments can failed as it’s send many payments each seconds.
Sometime when we send payments, some can be forgot by the masspayscript. In this case after a small e-mail from the member we fixed each time such problem.
Apparently not all members are able to contact us, before claiming to SCAM in all forums. This is against our terms and conditions, and we would to blame such attitude, but we won’t as we are a serious company.
If you are one for those members, please just contact us to we can fix your problem instead of to have a child attitude posting everywhere and creating panic for others investors.
I hope this explanation will reassure most of you, and will avoid more problem for future. We are a serious company and not a fast scam, so please stop to claim we started to scam each time a small error appears! Thank you
Sincerely, Randall A. Belcher. CEO at NanoVenture Limited.”

The admin of FinFex recently reviewed by MNO (read the review here) made some clarification regarding their weekly variable plan and confirmed that on this plan you can withdraw your principal at any time as well once your 4 week lock-in period expires. I think it’s an important clarification as it was not clearly specified on the FinFex site. By the way, the percentage on that weekly variable plan is going to be approximately 11.5% which is higher than the 10% weekly plan so those people who invested in the High Yield plan will benefit more this week than those who chose daily and weekly fixed plans. Here is the latest newsletter from FinFex containing also information about the limited time bonus deadline and some important stats from the program:
“Hello FinFex members,
The weekend is just around the corner and we would like to give you an update on the FinFex High yield plan. The profit in this plan has moved up to 11.5% as of now. The final profit percentage that is fixed by the end of the week will be the amount you will receive in your account next week.
We figured that many of the members mistook the high yield weekly plan to not have a principal withdrawal option. It does have a principal withdrawal option with a 4 weeks holding period with weekly profits varying from 5% – 15%, depending on the profit generated.
The Inaugural Bonus has been paid for a week so far and we hope you all enjoyed the benefit. It would be valid for another week (as we promised).
On the regular roundup, FinFex has achieved the 150 member mark in the first week and sure looks promising for a long term business.
We hope your weekend turns out great.
Regards. Ray Vermey”.

I have been paid the second payout on expiry from RogerVille today. The program has been online for a month already and is still going strong. Its single plan offering 144% after 12 days and dedicated and experienced admin already attracted much attention despite the limited growth level limited to the only two accepted payment processors (LibertyReserve and PerfectMoney). More info regarding RogerVille can be found in my review (published here) and in the interview with its admin Roger Miller (published here). This is the latest newsletter from RogerVille:
“How are you doing today? Some payments became pending for a bit long yesterday because I was unable to get online for the past hours. But now I have processed them.
I just wanted to inform everyone that tomorrow, RogerVille is 30 days online already!
It’s been that fast since we launched and since I came back. When others just fly away even before their first cycle expires, RogerVille just goes on and on.
As usual, sent this e-mail to notify everyone to please continue to support our program. Those who are still thinking that we are like fly-by-night programs, please think again. When a program is ran by Roger Miller, be assured that you are not dealing with fly-by-night admins.
Ok that is all I have to tell everyone today.
Have a great day everyone!
Regards, Roger”.

The admin of GoldWayMoney sent out the first update today announcing the review published on MNO last night. I remind you that the first payouts from GoldWayMoney should be processed tomorrow. I’m talking about the 115% after 4 days plan of course. Other plans offered by GoldWayMoney include 140% after 8 days and 200% after 20 days and were thoroughly discussed in my review published here. This is the latest short update from the admin:
“Dear Members, A quick announcement to say that a review of GoldWayMoney has been published on Money-News-Online blog. You may find it using the following link:
http://money-news-online.com/blog/2010/05/28/27052010-goldwaymoney-review-and-other-news/
Best Regards, Aaron, GoldWayMoney.”

The administration of HighYieldClub (reviewed here) gave some extensive explanation on how they make profits for their website and investors. It’s up to the investors if they want to believe it or not. I myself am pretty comfortable with the idea of treating all HYIPs as games to avoid disappointment. Anyway, of how HighYieldClub generates profits to pay 1.2%-1.5% daily for 240 days and 20%-35% biweekly for 112 days you can read in the following newsletter from the program I received today:
“EUR/USD started today with 1.2285 (7:35 AM), the last 24 hours it was on a rock button of 1.2273, the USD was against the JPY at 89.95 EUR-JPY was with 110.45, and the EUR-CHF with 1.4270. This means the Euro Zone is still falling. In the USA there could be Banks falling again about this. Last year 73 Banks failed.
Why is this good for us?
The market is falling, and a good trader can make money in a falling or gaining market. We trade against the Market now, and gain higher profits as we did the last few months.
Let me clarify how HighYieldClub actually makes money. Our Team is doing Volatility arbitrage, or short vol arb. In the HYIP arena, this mainly means sport betting. This is not what we do. Volatility arbitrage is statistical arbitrage. What is executed by trading a delta natural portfolio and its underlier.
Engaging in volatility arbitrage, an option contract is a method to speculate in the volatility of the underlying rather than a directing bet on the underlier’s price. If our trader purchases options as part of a delta-neutral portfolio, it is said to be long volatility. If he vends options, he is said to be short volatility. As the trading is done delta-neutral, purchasing an option is a bet that the underlier’s fate understood volatility will be high, while selling an option is a bet that fate understood volatility will be low. Because of put call parity, it doesn’t matter if the options traded are calls or puts. Understand because put-call parity posits a risk neutral equality connection between a call, a put and some amount of the underlier. Therefore, being long a delta neutral call issues in the same returns as being long a delta neutral put.
Our Team, will give forecasts and moves, we are planing to do, in our news section now frequency. If you have questions feel free to contact us at any time.
Regards, Henry. HYC System Administration”.

I have added another program to my monitoring today. It’s FairHYIP paying variable daily returns of 0.3% to 3% on deposits starting from $100. Perhaps to look more legitimate you cannot sign-up into this program in the regular way as you have to have a current member send you an invitation. I don’t quite understand how it’s done yet as the admin failed to explain it to me properly but by the time the review of FairHYIP is published on MNO I’ll have all the missing pieces. The choice of payment processors in FairHYIP is quite impressive and along with bank wires include such payment processors as LibertyReserve, PerfectMoney, StrictPay and AlertPay along with some Russian and Ukrainian ones as it’s where the program is based in as far as I know. So the interface is also multilingual and includes the Russian language as well. The payments are processed weekly from Monday to Wednesday so after receiving the first payout I plan to review FairHYIP on my blog. Stay tuned for more information about the program then!

The list of the programs I got paid from today are listed below:
TrueEarn, TopEarnClub, GoldWayMoney, OnyxInvClub, RogerVille, StaunchFinances, HighYieldClub, NanoVenture, OilInvestment, InvestAward, PrivateDiamondClub, AvaInvestment, TrumpForexClub, GoldenInvestment, EzProfit, IncoForex, FinFex, ForexNetClub, Xcelsus, SpaceInvest and RichWorld (the first payment is received).

Keep reading MNO as tomorrow there will be another interview and review followed by all the most recent news from the industry! I wish you all a good weekend ahead and hope to see you on my blog tomorrow!