04/09/2010. Interview with the admin of WorldPrivateFunds

BEWARE! THIS PROGRAM HAS STOPPED PAYING! PLEASE DO NOT INVEST!
Hi everybody! This morning I’m writing to you from the train to Hamburg where I’m looking forward to spending the next few days. It’s not my first visit to Germany but it is (or will be) my first time in this particular city. Over the coming weeks I’m looking forward to doing exploring as I work my way through the Rhineland and stopping off I hope in Holland, Luxembourg, and Switzerland, none of which I’ve ever been to before so any MNO readers who either live in those places or have taken a vacation there are welcome to get in touch with their suggestions.

The daily news updates will of course continue uninterrupted as normal and today I have an interview with the admin of a recently launched mid to long term HYI project called WorldPrivateFunds. His name is Samuel and he comes across as quite ambitious and serious to establish his program as something to be taken seriously by online investors everywhere. Time will tell if that’s to be the case but he’s making a good effort so far and WorldPrivateFunds have gotten of to a decent start.

In addition to the main plans offering daily interest payments of 1.1% for 30 business days, 1.4% for 60 business days, 1.8% for 90 business days, and 2.2% for 120 business days (all of which return your principal on expiry) WorldPrivateFunds also offers a test plan paying 0.9% per day on small deposits over a term of 10 business days.

For more detailed information about that you can refer to my original review of the program published here, or if you have any comments or experiences you wish to share then you can do so on the WorldPrivateFunds thread on the MNO forum found here.

“1. Hi Samuel, please start by introducing yourself to the readers of MNO and telling us a bit first about your own role in WorldPrivateFunds and then about your background in the HYIP industry. What kind of previous experience do you have in managing funds?

My name is Samuel and I’m the admin of WorldPrivateFunds. WorldPrivateFunds is a reliable and secure investment program which you can trust. I have some experience as an admin of online investment projects and also as an investor in other programs, so I learned a lot from the mistakes of other administrators. I try my best to eliminate these mistakes from my own administrative work. My personal duty is to coordinate the work of our programmer, designer, and promotion specialist.

2. Can you also tell us a bit more about WorldPrivateFunds itself? How long have you been in business? Are you running this alone or are there others involved with you? Why did you start the program to begin with?

The office of our small company is located in London, UK. We started work with the hope to become real professionals in this industry. This is the program that we concentrate from our past experience and co working with solid team work to create a high standard system for everyone.
We have a team which consists of the following: myself, one manager, three web developers, and four traders.We started with personal trading, and after working with our trading team we also offer investment opportunities to offline investors. The online program is one tool to expand these opportunities worldwide to people and share our trading profits to everyone even if they only have small funds. It is a very good time to practice, especially for younger people as they will enter the investment world with some well earned skills and experience in future.

3. Please explain the investment plans to us in detail. What are the minimum and maximum amounts accepted into each plan? What rates of interest do you offer and how long do they run for?

There are five investment plans on offer. They include: Test Plan – 0.9% daily for 10 business days. Principal returned after 10 business days (14 calendar days) profit = 9% (without the compounding option) on top of your principal. Only one deposit of between $10 and $100 is allowed although you may deposit here again here after your existing deposit expires, so just one deposit at a time.

Promo Plan – 1.1% daily for 30 days (business); $10 to $500 accepted, principal returned after 30 business days (42 calendar days) – the profit comes to 33% (without compounding) and your principal returned. You can make how ever many deposits you wish.

Standard Plan – 1.4% daily for 60 days (business; $10 to $1000 accepted. Principal returned after 60 business days (84 calendar days) and your profit is 84% (without compounding) plus your principal returned. You can make as many deposits as you want.Premium Plan – 1.8% daily for 90 days (business; Deposits between $50 and $5000 will be accepted. Principal returned after 90 business days (126 calendar days) and your profit will be 162% (without compounding) plus your principal. You can again make as many deposits as you want.Business plan – 2.2% daily for 120 days (business); $1000 to $15000 accepted. Principal returned after 120 business days (168 calendar days) and your profit will be 264%(without compounding) on top of your principal. You can make any number of deposits.The amounts invested can be requested any time after a lock-in period of 30 days minus 25% from the initial amount as penalties.

4. Am I right in saying that compounding is mandatory? Why is this?

The compounding option was mandatory only for the first 20 days and only up to 10%. We wanted to let people know they can earn much more by using this option. (especially for newbies)

5. Can you give us any statistics regarding the program? Particularly in relation to the number of members, the amounts paid in and out, and from which plans.

This statistics are changing by the day, so not really. Anyway this information is quite sensitive for security reasons and is kept away from potential hackers. We could express some overview info that from the very first one to two weeks there was over $4,000 invested and that figure keeps growing.The number of members also keeps growing by the day by.Most people start with test plan in order to satisfy themselves with our program and get familiar with the system. At this time many people are investing in Promo, Standard and Premium Plans. Hope this answer would be a clear picture regarding this question.

6. If a reader wants to join WorldPrivateFunds then what payment processors are you using? Is there something preventing you from adding other verified options like AlertPay and SolidTrustPay? Do you think your program would be a lot more popular if you did add them?

To deposit money in their WorldPrivateFunds accounts customers can use LibertyReserve, PerfectMoney and now SolidTrustPay e-currencies. SolidTrustPay has been added as a business verified account, so we have no problems with verifications. The deposits are automatic. They can also use bank wire transfers (SWIFT) probably starting from September but only for amounts above $2,000. We are working to add this option, it is not necessary right now and is not so easy so does require some work.

7. How highly would you rate the security of your own website? Tell us about your hosting provider and how highly would you rate them as a service provider?

The security level of our website is pretty high. Our website is hosted by Dragonara hosting who are one of the best anti-DDoS hosting companies. (Industry Server – HDD: 2 x Seagate ST3750528AS 750GB 7200RPM 32MB SATA2 HDD; Bandwidth: 5120 Gb, 1000 mb/s port).We are very satisfied of their services up to this point.

8. What about your script? Who is the provider? What do you think the benefits of this script are to both the admin and the investors? Are you using SSL encryption?

We are using a licensed GoldCoders script because it’s the most common and easiest to handle. The benefits of the script are to both the admin and the investors.The security system is encrypted with SSL encryption and additionally with more functions in script such as the transaction codes which will be used when members withdraw their funds, an IP detection system, a verification process if member request access details, and so on.

9. What kind of customer support do you offer? What is the best and most efficient way to contact you if I have any questions?

The best support channel is by email and this will be organized very fast and reach directly to admin.Telephone support is not yet available but we will open live chat support in the near future.

10. What have been the most common questions, problems, or other support related issues that you have had to deal with so far? Is there anything you would like to address here so that members can avoid having to contact you?

Frankly speaking, our website is easy and simple in use. So I can’t name any serious problems. At this time anyone can contact us through the Support form or directly to worldprivatefunds@gmail.com or admin@worldprivatefunds.com
We respond within a maximum of 24 hours, usually less, to any serious questions.

11. What other outside business and investment activities are WorldPrivateFunds involved with? Can we see any independently verifiable proof of these activities and are you licensed by any authority to offer financial services such as you do?

Mainly our expert traders have discovered their own developed formula that can grant stable success in the ForEx Market. Moreover we have business interests in other sectors such as recreation, communication, food and beverages, resort and residential investments that existed before this online investment program started.
As our mission is to offer private investment opportunities to people all over the world with the same level of accessibility. In the short term our goal is to let people know that we are here to grow with them and mainly to present ourselves and our program to them through advertising and news. In the longer term we would continuously improve in all perspectives to become one of very long term and most stable, reliable programs with a very high rating in the online investments industry and become the longest running program ever
More detailed information relating to this need only be revealed in private meetings. We need to also protect our privacy online. Financial services are sensitive to some local regularity authorities or countries. So members or investors need to follow local financial laws before using our services. We could share these kind of documents only to major investors or in face to face meetings.Anyway, from online activities at the present time we trust the monitoring system of third partyies and independent firms such as major web monitors will act as solid proof of our trading activities and our reputation as a profitable program.We will later provide from time to time more details to members via our regular newsletters.

12. Tell us more about the general advertising and promotional strategies being used by WorldPrivateFunds. In a very competitive market what are you doing to bring WorldPrivateFunds to a wider investment audience?

Our advertising strategy is to become the best investment company. We have a promotional strategy for both the short and long term. We started with promotion in the most reputable monitors, forums and blogs but this is a very slow process. We have a daily analysis of incoming funds and payments made and we inform our members daily about payments being completed.We are also doing SEO with major search engines. In the long term members will naturally refer to other people after they trust and are impressed by our service, that is why we provide the best service to everyone and maintain our high standards.

13. Are there any plans to develop WorldPrivateFunds further in the near future? Will there be any interesting changes made soon? How are you planning to keep the program competitive in such difficult times?

We just extended our domain registration in advance for 5 years with auto renewal every year following to commit that we and our system will be here well into the long term future.
We also plan over the coming few weeks to implement translation in German and Spanish. More languages will follow in the future.To be honest the program here is a win/win business situation between us and investors. We share profits together and will last long as we can earn profits from our trading and pay part of it to our investors.We would like everyone to review and try on our system, and also give us feedback or any comments if you have them.Please feel free to contact the admin or the support staff when you have issues. We are very confident that we are on the right track for your private funds support projects.”

Thanks a lot to Samuel for that and best of luck to him and anyone deciding to get involved. As the industry (we hope) continues to pick up in September hopefully WorldPrivateFunds will prove a successful program for all it’s members.

That’s about it for today everyone! Have a good weekend wherever you are and whatever you’re doing. After getting up at 05.00 this morning for the train I can tell you my first evening in Hamburg will be spent in a comfortable armchair, but I’m looking forward to getting a bit more active for the next couple of weeks. See you all tomorrow, guys!