25/06/2010. SevenStarProfit Review and Other News

BEWARE! THIS PROGRAM IS OFFICIALLY CLOSED! DO NOT INVEST!

Hi everyone! Well it seems another week has flown by and what with the World Cup starting to get interesting now I’ve hardly noticed the time passing. So before we get to the last news update of the week (hope you’re all going to enjoy your weekend!) I want to take a close look at a new short term HYI program just added to my monitoring list. If you were reading yesterday’s update you will recognize the name as that’s when I introduced it on MNO. It’s called SevenStarProfit and just opened around the middle of this week. Not long enough for the first payouts on expiry to be made just yet, but keep an eye on MNO because they’re due to be made very soon.

There are three plans in total available from SevenStarProfit with options that pay both by the day and on expiry. You can see for yourself which of them (if any) is most suitable for you but if you do decide to join then they all have one thing in common – which is that it only takes a $10 minimum deposit to join any of these plans so it might be a gamble but it’s still an affordable one and one where you don’t have to spend any serious money to play.

So starting with the plans the first one pays on expiry and is called The Short Plan, which is a bit misleading come to think of it because they’re all quite short. Anyway, it runs for 4 days, is open to deposits of any size ranging from a minimum of $10 to a maximum of $5,000, and when it matures should pay you back 117% of your principal. As your principal is already counted as part of that, then it’s 17% profit.

Your next choice makes daily payments which most people will no doubt prefer though runs for a longer term. It’s called The Medium Plan and SevenStarProfit offers a daily interest payment of 17% per day for a term of 7 days. The minimum investment stays at $10 so there’s no reason to take silly risks. The maximum spend however stretches to $10,000. The daily payments include your principal so you break even after six days and finish the term with 119% total return, or 19% profit.

The last plan is another payment on expiry plan and this time runs for 15 days. So clearly it’s the biggest risk but if (and I emphasize the word “if”) the risk pays off then it’s also the most rewarding option. Needless to say this all boils down to factors outside of the admin’s control such as the support from investors, and also to factors beyond the investors control such as the admin’s abilities and intentions. But anyway, time will tell. In the meantime what SevenStarProfit have to offer here is a total return, principal included, of 180% on deposits ranging from a minimum of $10 to a maximum of $20,000.

One thing about SevenStarProfit that’s improved enormously in the short space of time that they’ve been online is the choice of payment processors. Originally this was limited to just LibertyReserve and PerfectMoney which ore OK options by themselves and very convenient for a lot of people. What they don’t have is a whole lot of ideas as to what you can do in the event of getting scammed so I’m pleased to see AlertPay has just been added after SevenStarProfit had their account verified. That should throw the program open to a lot more potential investors now that you have a chance (not a guarantee, just a chance) of a refund if something goes wrong. Payments are made manually with the SevenStarProfit admin explaining that he does not trust the safety of instant payments made through GoldCoders script. Which begs the question why use GoldCoders at all if you have doubts about any aspect of their security, but I guess we’ll leave that one for another day maybe if the admin will answer some interview questions. So once your withdrawal request is made expect a maximum waiting time of 24 hours.

DdoSWiz are the hosting provider and they are keeping the SevenStarProfit website on a dedicated Staminus server with support and protection. GoldCoders are as I mentioned already providing the script but what I didn’t say is that it’s a fully licensed one. Any further questions about this or anything else connected with the program can be submitted to the admin by filling out the support ticketing form on the contacts page. The website also has SSL encryption.

As for any kind of business plan or strategy on the admin’s part, I can keep this short. A “profitable return on pooled investment” is the aim of SevenStarProfit which to me means an online HYIP based game like all the others and all the pitfalls that go with it. So if getting involved keep that in mind and plan your investment and spend your money accordingly. We should know by tomorrow if the first investors get paid on expiry and make a profit or not so do keep an eye on MNO for an update on that if you prefer to do se before joining.

OTHER NEWS FOR TODAY.

Let’s start with the update from SevenStarProfit since it was reviewed above. Today I received two newsletters from the admin, John Smith. I guess it’s ok to meet John as no admins ever use their real names anyway. I think I like his sense of humor as well which he demonstrated in the first update. He admitted to me that he’s a first time admin so he actually wants his first experience in administrating a program to go as smooth as possible. No fancy promises and only short-term popular plans. Today he added AlertPay as he promised in the first update. In fact the second update was about that. Please read the latest news from SevenStarProfit below:
“Dear members,
You are reading the very first SevenStarProfit newsletter.
My nickname is John Smith and I’m warmly welcome you aboard the SevenStarProfit investment opportunity.
This is our third day online and the things are so far so good. I don’t think you’re interested in getting to know of our deposits or user statistics so I won’t bother you with those data.
It’s my first HYIP program and unlike some others around I launched it more for fun and self-education. Of course some profit won’t hurt anyone of us! Anyway I’m happy to run SevenStarProfit, no matter what happens next.
I have just said that this is my first HYIP admin experience but that doesn’t mean I’m not familiar with HYIP arena itself. I’m an investor who wants to enjoy his HYIP experience as anyone else. But there is no much fun in many HYIP programs recently. I don’t think that I can change the whole industry by myself. It’s impossible for one ordinary person. But if you, my members, will help me, I’m sure we can run a good program together. I’ve been doing my best to make SevenStarProfit profitable program.
With regard to the next news, I have to bring to you that I’ve made a decision to advertise SevenStarProfit on Money-News-Online blog to attract more attention to our project. Also I will add the Alert Pay payment processor very soon. Our Alert Pay account should be verified in a short time. As a reader of MNO blog, I know that many investors prefer safe payment processors like Alert Pay. I myself have been investing with Alert Pay. So I think Alert Pay is the way to establish more trust with my members.
Be sure that I’m a security guy. I won’t (hopefully) allow any hacker to ruin SevenStarProfit. In that case all withdrawals are manual for the benefit of our security and processed from a few hours up to 24h max. SevenStarProfit has a SSL certificate from COMODO and ALL users who enter our website provided with secure connection.
Also, I have my support assistant. So if you want to know anything about SevenStarProfit program, just mail her using a contact form on our website. She doesn’t mind if you ask her for a date! Just kiddin’. Don’t do it.
I’d like to wind up my first newsletter with an admin’s traditional request. Please, vote for SevenStarProfit on the following monitors:
Gold Poll – http://www.goldpoll.net/details/15798/
GS Monitor – http://gsmonitor.org/details/3186/SevenStarProfit/
Also, when you got paid, please support us on forums with your payment proof posts (even one forum is OK):
http://www.talkgold.com/forum/r296963-.html
http://www.moneymakergroup.com/Sevenstarprofit-Sevenst-t350886.html
http://www.dreamteammoney.com/index.php?showtopic=101802
If you want to get more profits from SevenStarProfit then please, like Nike says, just do it!
That’s all for a first newsletter.
My best wishes to all of you,
John Smith. SevenStarProfit administrator”
“Dear members,
I’m glad to announce that from now on we are accepting Alert Pay deposits. Thus, now you have three payment options. It’s Alert Pay, Perfect Money and Liberty reserve. You can make deposits with any of them.
Monitors and other promotional friends. Please add Alert Pay to our listing options.
Members who already registred with us and wants to add AP account number, please send a ticket to admin@sevenstarprofit.com from your registration e-mail address only.
I wish you nice weekends.
John Smith. SevenStarProfit administrator”.

It’s good to see that not all the admins are scammers and it’s possible to pay refunds if the program goes down unexpectedly due to a wrong strategy being used or simply because of the current crisis in the industry. So the admin of FastBucksPro Joshua saidd in the latest update today that all the members were refunded 96%-97% of their deposits which is an absolutely fantastic level considering that in 99.9% of cases refunds are never made at all. Of course, by refunding everybody I hope Joshua will return soon with a new venture hopefully after things get back to normal in the industry. Here is the latest update from the now closed FastBucksPro:
“Dear Members,
All refunds have now been sent. Liberty Reserve and SolidTrustPay members received 97% of their deposit and Perfect Money members received 96%. If you were paid the 10% bonus that was included in your refund.
I am sorry it wasn’t 100% but I had to payout some referral commission too. No monitors were refunded as I paid them to join. I hope they understand that my real members were my priority.
I have not decided if I will try this again or not. It seems the HYIP industry is really struggling these days. Too many programs have scammed lately and that makes trying to run something honest a hard task. Hopefully things will improve soon.
Take care and play wisely. Joshua”.

To tell you the truth I don’t know what status I should assign to MoneyTree on my monitoring page. It seems they have some issues with their AlertPay account as somebody reported on my Shoutbox today that the admin paid him with delay of over 24 hours and from a different AP account than is usually used. I got a reply from the admin last night and he told me that his AlertPay account simply doesn’t have enough funds in it to pay everybody and that he was waiting for a funding to be complete from an exchanger. Today though he admitted that the payouts to AlertPay which are pending for over 48 hours have been processed and that he’s still waiting for the money to get funded to his new AlertPay account. Why the older one is under investigation and when it will be allowed to be used again is unknown. Usually AlertPay issues mean that a program is in trouble but if you cast your mind back to TrueEarn’s problems with them they managed to fix everything and get the program back on track. So this will hopefully happen for MoneyTree as well. Fingers crossed anyway. I would just like you to be aware of those AlertPay issues and make your investment decisions based on that information. At this moment MoneyTree‘s position seems to me a bit shaky but hope still remains. Please report to me if you have any AlertPay pendings for over 48 hours from MoneyTree as it will determine their status on my blog tomorrow. I will update you regarding the situation later so stay tuned for that, guys!

A new low-ROI program with the strange name HOX was added to my monitoring list today. HOX only accepts LibertyReserve and PerfectMoney to the following plans with the possibility of compounding and the principal returned on expiry:
1.2% for 30 days, 1.4% for 60 days, 1.6% for 90 days, and 1.8% for 120 days. Only the first plan is really suitable for most HYIP players as the minimum to invest is $10 while others have a $1K minimum or more. HOX is quite well designed and written (however the texts are not original). The HOX website has SSL-encryption and is hosted on a dedicated server by one of the leading DdoS-protection providers in the industry – Dragonara. It’s running off a licensed GoldCoders script which should be familiar to the vast majority of investors. More about HOX will be found in the upcoming review of the program which is going to be published soon.

And so to finish today’s news here are the programs from MNO monitoring page that paid me for the last 24 hours:
MoneyVIPClub, CherryShares, InWolton, OnyxInvClub, MoneyTree, ReProFinance, KaizenPortfolio, BukInvest, CashMiner, VezGroup, EzProfit, GoldenInvestment, YesInvestment, RedOrchidInvest and SevenStarProfit (the first payments received).

That’s all for today and I hope to see you all on MNO tomorrow with more news and updates from the industry!