05/06/2010. BukInvest Review and Other News

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

Hi everybody! Before we get to the news I want to tell you about a new program added to my monitoring list just yesterday. You may remember that I introduced it on my blog last night. It’s called BukInvest and I have to tell you right from the start that this one is very high risk and if you want any chance of making a profit from it you will really need to move fast.

BukInvest itself isn’t a bad website (it’s actually pretty good) but the problem is the interest rates payable from the plans. They’re simply too high to make the program feasible in the long term. On the other hand the cost of investing in the higher paying plans is quite prohibitive, so that might help help investors away from them completely and concentrate on the more achievable lower paying ones.

Despite the homepage saying that BukInvest has four investment plans there are in fact five. Two of them are too expensive to be practical (and far too “profitable” to be workable, though I suspect the admin will be the only one who profits if there does turn out to be any takers) I’ll go through them all for you here anyway. They mostly pay on expiry but there is a daily payment option in there too.

The first of these plans pays out on expiry after a term of just 1 day. The minimum to invest is $10 and the maximum is $50,000. Your principal is included as part of your payment and your final payment is based on the size of your deposit. The following rates apply:
$10 – $200 gets 105%, $201 – $500 gets 106%, $501 – $1,000 gets 107%, $1,001 – $2,000 gets 109%, $2,001 – $4,000 gets 111%, $4,001 – $6,000 gets 115%, $6,001 – $10,000 gets 125%, and $10,001 – $50,000 gets 135%.

Next up BukInvest have a selection of two day plans that will either pay you by the day or pay you on expiry. Deposits are again between a $10 minimum and a $50,000 maximum. If you would like to receive daily payments would give you security at the price of profitably then the following daily rates which are based on the size of your deposit apply:
$10 – $200 gets 56%, $201 – $500 gets 57%, $501 – $1,000 gets 58%, $1,001 – $2,000 gets 61%, $2,001 – $3,000 63%, $3,001 – $4,000 gets 67%, and $4,001 – $50,000 gets 75%. Your principal is already counted.

If you like the short term two day plan but would like to spice it up a bit and take an extra gamble for a few extra bucks in the return then consider the paid on expiry option. Investments are still between $10 and $50,000 but this time you just receive one payment which includes your principal. The rates are as follows:
$10 – $200 gets 113%, $201 – $500 gets 115%, $501 – $1,000 gets 117%, $1,001 – $2,000 gets 125%, $2,001 – $3,000 gets 130%, $3,001 – $4,000 gets 140%, $4,001 – $5,000 gets 155%, $5,001 – $50,000 gets 175%.

After that things begin to get a bit scary. BukInvest‘s next plan runs for 7 days, pays on expiry, and returns your principal. I for one though won’t be testing it. Not with my own money anyway! The interest rates are simply not something I believe the admin can come up with in such a short period of time and I suspect this plan is there to get the gullible and the greedy together in one place and part them from their cash. Oh, well. But for your own information the minimum investment is $5,000 for deposits between that and $10,000 you are offered 300% interest. Anything bigger up to $50,000 is offered 400%.

The final plan is if anything even more unachievable than the last and even further away from being recommended. But again for information purposes the plan runs for 15 days, returns your principal on expiry, and offers 900% interest on deposits from a $2000 minimum to a $4000 maximum, and 1000% interest on anything bigger up to $50,000.

Other than that I only need mention the “list” of payment processors. It’s pretty basic guys as BukInvest only take LibertyReserve. Granted they may be the single most popular choice at the moment anyway, but I think the fact that they are the only ones accepted is as good an indicator as any that this is just a game and if you lose there will be no refunds whatsoever. So let that be your motivation for keeping your investment at a more modest level. Payments are manual so need to be requested. Once made the admin asks for 12 hours to process them.

The BukInvest website itself looks pretty good despite a couple of sloppy mistakes from the admin. For example there’s no mention of the fifth plan on the homepage. Bad and all as that plan is and despite me not recommending it anyway, it does look a bit unprofessional. Also the FAQ page needs a little work as it says the program accepts PerfectMoney which isn’t true. They don’t accept it and if they do then they don’t give you the option of spending it. So that should be removed.

Otherwise though it’s ok. They’re hosted by BlackLotus who are keeping them on a dedicated server and providing them with their highest level of anti-DDoS protection. BukInvest is running off a script licensed from GoldCoders. SSL protection is also being used, but just remember to type the “https” bit yourself as it’s not automatic. Contact with the admin can be made through the online support form on the contacts page.

Texts are a straight copy/paste job used by at least one other HYIP. Any members of one hugely popular short term program that recently collapsed will recognize that immediately so it’s best ignore any information suggesting that BukInvest is anything other than a high risk online HYIP. It won’t last forever but to be fair plenty of people that were quick enough have managed to make money from it. I can’t say for certain how much longer they can pay for but provided investors avoid the last too plans (reason being the admin cannot possibly come up with the money to pay the interest on them) then the shorter term plans could possibly have a bit of life left in them yet, provided they get the right support. I warn you though that the longer you wait the more the risk will grow, so either act on it now if you like it or else wait it out until something more suitable comes along. I myself like a gamble but then I know how to not take my losses personally. So play it smart, spread your money around, and always base your investments on what you can afford rather than what you hope to get in return.

OTHER NEWS FOR TODAY.

Due to multiple requests from my readers I have added one of the most successful programs to my listing today – CherryShares. The program has been going well for over a year now (started on April 2009) and definitely since then became one of the leaders of the industry. Currently it offers four investment plans which you can deposit via LibertyReserve, PerfectMoney, AlertPay and Bank Wires. The current investment plans include 1.1% for 315 days, 5.8% for 3 weeks, 8.7% for 50 weeks and 9.9% for 75 weeks. Conservative returns but please note that you will be given your principal back on expiry and that your interest will be credited to your CherryShares account not on business but on calendar days. Also I noticed that in the original and totally customized script CherryShares allows you to set a compounding rate which will help you increase your earnings. The minimum to invest is quite high and starts at $50 but for such a successful program with its many admirers that would definitely not be a problem. CherryShares has top-notch DDoS-protection from BlockDos who host it on a dedicated server with SSL-encryption of the accounts. I’ll try to discuss more about CherryShares in the upcoming review I’m going to publish on my blog soon. Stay tuned for that, guys!

Ok, so what’s next? Due to Saturday night fever there was not that much news submitted by HYIP admins. I’m glad to report though that the MNO Forum has now become an official forum for such programs as FinFex and InvestiHeaven. In the latest update from FinFex for instance the admin (interviewed here) together with announcing the official thread on MNO Forum (which is from now located here) reminded us about the expiry of the bonus which will only be available to investors making their deposit tomorrow. Here is the latest news from FinFex which was also reviewed on MNO here:
“Greetings to all FinFex members,
We really hope your weekend has been great so far. We have a bit of juicy news for all of you today, which came out of the blue and landed on our lap.
We have been setting up some plans to start a community forum for all FinFex members to gather online and share their views and queries. A forum will always be a very lucrative asset for the long term.
Just in the midst of it all, we discovered that the Money-News Online forum would be the best place to meet in regards to FinFex. We believe that it would be a great opportunity for us to be a part of such an innovative network.
So, we will be available in the Money-News Online forum from time to time to offer our support to all of you.
We request each one of you to actively participate in the various discussions and show your support towards this new inclusion at FinFex.
Other than that, as we announced in the previous newsletter, we have paid the Inaugural Bonus to all the investors today and as we promised we will be paying the bonus tomorrow too. This offer will be removed from our listing starting Monday.
This is all that we have for you today. We will have you updated on any announcements when required. Do check our Newletter section (http://www.finfex.com/newsletter.php) for all update and announcement history.
Have a lovely weekend.
Regards, Ray Vermey. FinFex.”
And here is the link Ray sent for the FinFex official forum thread on MNO which Ray forgot to mention in his previous update:
“Dear members,
We forgot to attach the link to our Forum at Money News Online in today’s newsletter. Here is the link to our forum at MNO : http://money-news-online.com/forum/viewtopic.php?f=9&t=70
We request all FinFex members to show your support by visiting this forum often and participating in all the discussions actively.
Thank you so much in advance.
Ray Vermey. FinFex.”

In order to promote his program even further the admin of InvestiHeaven, Dan (interviewed here), also announced that he will be glad to answer all your questions you might have on his own Sticky thread on MNO Forum here as well as on MMG Forum. For more information on InvestiHeaven please refer to my review of published here where I thoroughly described both plans on offer: 10% for 12 days with daily payouts and 144% after 12 days with payouts on expiry. Here are the two updates about the forum threads for the members of InvestiHeaven:
“Dear members,
I have recently received many e-mails of members who suggested me to come to MMG and be active there to increase the popularity of InvestiHeaven even further and I just did. Everytime I am done with processing the pending withdrawals, I will announce it in the thread. Moreover, if you have any question to me, or would like to express your happiness and satisfaction with InvestiHeaven, feel free to participate and show your support. I strongly appreciate these members who post their payment proofs very actively everyday. Please be active everyone as much as you can in the forums to increase the exposure of InvestiHeaven to a wider variety of investors.
This is the link to our thread of InvestiHeaven in MMG:
http://www.moneymakergroup.com/Investiheaven-Investihe-t348856.html&st=225&start=225
I wish you all a great weekend ahead with your beloved ones.
With Warmest Regards, DanB”.
“Dear members,
I forgot to mention that I will always try to be active as much as possible when I have free time on our official thread on MNO (Money-News-Online) forum as well. I hope to help Paul with the promotion of his forum as I strongly appreciate his daily efforts to provide everyone with the news in the HYIP industry. This is our thread on MNO forum :
http://money-news-online.com/forum/viewtopic.php?f=9&t=132
With Warmest Regards, DanB”.

The admin of FxCrudeOil (reviewed here) was pretty silent for the last seven weeks his program was monitored on MNO. Today he finally decided to break the silence and give some stats from FxCrudeOil which offers three investment plans with weekly payouts: 10% for 15 weeks, 11% for 20 weeks, 12% for 30 weeks. Here is the update from him:
“Thank you to those new members just joined. All pay out complete.
Remember we have compounding option available and can fund wallet any amount from 1$.
We have strong DDoS protection with SSL service.
Member statistic
Today : 1, This week : 14, This month : 45
Thank you and enjoy weekend.
FxCrudeOil Admin”.

I have been paid today from the following programs:
RichWorld, GoldWayMoney, VezGroup, StaunchFinances, TopEarnClub, InvestiHeaven, ForexNetClub, KaizenPortfolio, FinFex, EzProfit, RedOrchidInvest, BookmakerOffice, PrivateDiamondClub, Forexica, HighYieldClub, OilInvestment, GoldenInvestment, YesInvestment and BukInvest (the first payment received).

I’ll see you on my blog tomorrow with a review of FairHYIP and more news from the industry, and enjoy the rest of your weekend!