09/11/2010. MicroTechFund Review and Daily News from the Industry

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

Hi everyone! Today, and probably for the last time until at least next Summer, I’m again writing from a train as my trip from the Baltic Sea to the Black Sea finally comes to an end. I’m on the way to Constanta where I’ll be staying for the next couple of days before returning home. Something I think I’m looking forward to as much as I was looking forward to starting this journey when it began last July. I’ve gotten quite accustomed to writing on trains now I think, and it’s not a bad way to pass the time.

Anyway, as usual there’s still plenty to tell you about so I’d like to start the update with a little extra information about MicroTechFund, which is a new mid to long term HYI program and a new addition to the MNO monitoring site. As you can probably guess from the name this is a program basing itself around the nanotechnology industry, something very much in vogue among investors last year. Well I can’t really say a whole lot about that but what I can do is to concentrate on the verifiable facts. Anything to do with their business activities (if there is any) will have to be part of your own due diligence if such reports matter to you.

Starting with the investment plans, MicroTechFund has three of them on offer. They run for various terms, accept various minimum deposits, and pay you different rates of interest but all have at least one thing in common – they make daily payments. The first one runs for 45 calendar days and can be joined for a minimum spend of $10. in return for this you are given a daily payment of 2%. Your principal will then be returned by MicroTechFund on expiry. That would mean in practical terms that for a $100 deposit you get back $2 per day for 45 consecutive days up to a value of $90. This can only be considered as profit (90%) once your initial hundred gets returned.

For those prepared to risk a minimum deposit of $500 MicroTechFund‘s second investment plan runs for 60 calendar days. In return for your deposit a daily interest payment of 2.5%. At the end of the cycle that should amount to a total of 150% which can be counted as profit once your principal gets returned. At first glance the longer investment term may make this look like a higher risk option – and obviously it is a lot more expensive – but something you won’t do in the previous plan is break even before expiry. With this plan you break even after 40 calendar days so you don’t have to wait for MicroTechFund to return your principal before you can count yourself in profit.

Finally for the bigger investors MicroTechFund‘s most expensive and most rewarding plan is open to deposits of $1000 and upwards. It’s a lot of money I know but in HYIP terms is still relatively conservative so I think they’ll probably get a few takers. The plan runs for 75 calendar days and makes daily interest payments of 3%. This would allow you to break even after 34 calendar days and start counting the profits from then on. Assuming everything goes according to plan you should hopefully finish up with a total profit of 225% which should then be added to your principal. There is no stated maximum investment.

So now that we know the plans what of the payment processors? The choice is reasonable enough with LibertyReserve and PerfectMoney for those who like the convenience and AlertPay for those who want there to be a client verification process in place. Payments are manual so need to be requested. The MicroTechFund admin requires you to allow him 24 hours to get everything processed. Minimum withdrawal is a dollar and compounding is not in place.

MicroTechFund is hosted on a dedicated server with DDoS protection and support provided by BlackLotus. The website is SSL encrypted for safer browsing and more secure transactions and is running off a Neversay script which might be more familiar to investors involved in autosurf programs a couple of years back. Nevertheless its reputation is solid enough, even if the surfing based programs that favored it kinda fell apart. Customer support is available by filling in your details on the ticketing form and submitting it on the contacts page.

There’s not much information provided about the business and investment activities of MicroTechFund and I’m certainly none the wiser about them after reading through the site from start to finish. A picture of two lab chemists showing a little too much interest in what looks to be a urinalysis sample plus the bare mention of the word nanotechnology is about as far as it goes so obviously (well, maybe not for newbies which is why I keep repeating it) you need to be approaching this with the same caution you would any regular online HYIP. Set your spending limits to what you can afford to do without and stick to them vigorously. Invest according to your own level of experience. And of course if joining MicroTechFund then it’s best to do so early and to use it as a smaller part of a wider and more diverse portfolio.

DAILY NEWS FROM THE INDUSTRY.

The first thing I need to bring to your attention this evening is the change in the monitoring status of GroupUniversal, a mid term program paying 4%-5.5% for 40 business days for a very impressive 7 months now has been returned to paying status. A reader contacted me after having some problems getting his withdrawal from the program so I contacted them for an explanation after moving them to problem status when I confirmed the complaint. The odd thing is that while GroupUniversal have yet to actually reply to my question they did clear up the matter and the reader has now been paid in full. Though I’m none the wiser as to what the reason for the delay was in the first place! But I guess the most important thing is that GroupUniversal (reviewed here) have been returned to Paying Status.

The admin of CazaInvestment (reviewed here) issued another newsletter apologizing for the problems surrounding their weekly plan and promised to pay everybody who is in that plan manually on request until the problem is eventually solved. Also he confirmed receipt of my interview and promised to answer as soon as possible. So stay tuned for the interview with the admin of CazaInvestment Pally which will hopefully be published on MNO within the next few days. I remind you that CazaInvestment has been monitored by MNO for only 11 days but has been praised already by many investors for their fast payouts to AlertPay, LibertyReserve and PerfectMoney to both of their investment plans: 3.2% for 45 days with daily payouts (principal included) and 6.5% for 21 days with weekly payouts (principal back on expiry). I’m giving to you the full update below:
“Hello. Welcome to another great week with CazaInvestment Inc. Truly we just can’t stop affirming all our members for the support and trust showed in our project and like we always say, we do not hope to cut short your earnings, in all ways we can we would want you to go into profit and profits with us. So far a lot of our members are already in profits, our success is dependent on the number of members who are able to achieve their aims of being a member of CazaInvestment Inc.
We had issue with the Executive Plan but we have tried to resolve this, members where manually paid and we hope you all have smiles on your faces, you are our No 1 priority and we would treat you just right. We have received interview questions from MoneyNews Blog and OnlineInvestGuide, we would send answers and we hope you get more clarified. CazaInvestment is a very low risk profitable investment opportunity, We are paying and we would continue to pay our members.
Our customer support are very responsive, if you are having program use our online support chat or simple send us an email, you can also chat with us on cazainvestment@gmail.com; we are always at your service. Enjoy your membership and sky with Caza – profitable oil and gas investment.
Thanks, Pally Eppie
CazaInvestment Inc – Relation Manager”.

I received many emails from people who invested with FundsOMatic (which is currently on Problem status due to selective payouts) asking me to contact the admin of the program Randy and ask about the status of their unpaid payouts. I don’t know if it’s just a coincidence (I have a gut-feeling it’s not) but I noticed that I was informed of only smaller payouts while the big withdrawal requests are still kept on hold. At the same time FundsOMatic is still accepting new deposits and that is why I found it inappropriate to list the site as having Paying Status on MNO anymore. I’m aware that Randy is a proven admin with a good track record in the business and all the members from his previous program finished in profit. I’m aware as well that other circumstances can all add up and take their toll FundsOMatic for the months it’s been online: for example the HYIP crisis that hit the industry so badly this year, the collapse of the StrictPay payment processor where vast amounts of money disappeared into the owners pocket, and further difficulties with AlertPay payment processor.

Of course, this alone doesn’t lift the level of responsibility from the admin who had to do everything possible to keep his program functioning. Unfortunately, this didn’t happen and as I predicted almost all new deposits have dried up after Randy admitted to problems that could adversely affect the program in the long run. This as usual put investors to panic mode and so slowed the payouts even further. I admit that I haven’t heard from Randy since I wrote to him a few days ago addressing the multiple complaints received from some readers of MNO. To tell you the truth, I had already given up on hearing back from him but to my surprise I received an email from him today explaining some of the reasons for the delays (he rejects the notion that payouts are selective) and outlining the plans for the future of FundsOMatic that is most likely going to go private next week with all further deposits no longer accepted. I think it might be the only right decision for the sake of the members of FundsOMatic who are not in profit yet and hopefully they will get their deposits and profits back at some point like it happened with Randy’s previous program SurfOMatic. You’re the judges here but I’m going to keep FundsOMatic on Problem status on MNO and will wait for more news to come from Randy who to his credit hasn’t run away like many other admins would which makes me hope that FundsOMatic members will still be paid eventually. Here is the recent email from him:
“Paul, Sorry for late reply I just seen your message in a folder that is just with mail from you. I am working the best I can. I am having to make payments from investments as since I shared with everyone things have been bad and no one has made any new deposits.
I have still been fighting DDoS attacks and I have decided that This week will be the last week for any one who wishes to make new deposits as Then it will go completely private and I can continue to make payments as I did in my first site.
The newest thing is that they have found a way to mess with the database and even mark payments unpaid that were paid. I am having to cross reference backups and make them often.
I know I use neversay script and it is the most secure but Hosting said that they are going through my cpanel. However I change my password and I do not use a windows machine I use mac as well change password often and never type it always copy and paste.
It may sound like selective payments but i have prioritized payments to members not in profit first. I wish that some of these people who are getting paid would post them as well as the amounts, that way it would be known that i really am paying.
Thanks for listening to me rant and understanding.
RandyM”.

Unfortunately it looks like PiratesInvest is gone and this time it’s for good. I can see now only a suspended page instead of what used to be a website. So I assume this is the end of PiratesInvest. It only lasted for a few days which still was enough to put those fast investors in profit. It looks that the program faced some difficulties from the beginning – first with the downtime that lasted for 8 hours for an unknown reason and made them adjust all the deposit expiry times adding an extra 8 hours as a result. In addition there was absolutely no communication on the admin’s side and they never replied to me when I asked them to replace the wrong logo of MicroTechFund which they either purposely or accidentally placed on their website. Today my payments went to pending status for the first time but were paid very fast after the withdrawal request was submitted. In any case, at the moment the site of PiratesInvest is not accessible and I firmly believe they will not be able to survive a second extended downtime and even if they are back online in a few hours I’m afraid they are done. Everybody likes fast payouts in this industry but nobody likes the programs (especially short-term ones) which are offline for too long. Anyway, I will post on my blog if there is some positive changes but I doubt much will change.

I’m feeling deeply concerned about the continuing erratic behavior of undoubtedly most corrupt and irresponsible monitor in the entire HYIP industry – hyip.com. Having landed himself a catchy domain name he doesn’t have much else to offer except his unjustified ratings and warnings based on personal grudges. Small wonder then that good paying programs continue to abandon him and come to MNO for a better more professional level of service and treatment. Not to mention the fact that admins don’t get bullied, threatened, or blackmailed by MNO. Surely the least one may expect! Not from hyip.com it seems.

His already infamous move of putting OilStructure to Not Paying status several months back on his so-called monitoring site even though they continue to pay literally thousands of members every day must surely rank as one of his most vindictive, as well as bizarre and ultimately self destructive. I mean, what must the other admins be thinking looking at this? Work hard to pay your members but still have him attempt to slander and libel you because, well, he feels like it? OilStructure are just one example and are considered one of the biggest hits in the industry now, but deleting all the good comments submitted by satisfied customers of the program from his forum made this clown look laughable even among his dwindling number of supporters. I can see that every day more and more programs abandon this monitor because they are tired of the unpredictable antics and threats from Alex (the alias of hyip.com’s admin). His attempt to take some programs down due to his personal issues with them has in fact resulted in many programs leaving this ugly and self-oriented monitor and switching to MNO. Recent examples include such great programs as FenixTrust, FondosMayores and, most recently InvestPlatforms. I have created a special thread on the MNO forum regarding the scamming activities which you can check out here. I’ll try to fill it with new material from time to time as I don’t want and have no intention to advertise this insane person on my blog as his unprofessional and unethical deeds are so vast and varied that it would not be enough space on my blog to cover them all properly. So keep checking this thread on the MNO forum if you want to know some more funny info regarding the scamming activities of hyip.com and ask yourself if the unsuspecting program admins applying to his monitoring deserve such awful shabby treatment.

Anyway, the reason for this is not yet another one of his countless unfair gestures (towards InvestPlatforms this time) but actually the official statement by the administration of InvestPlatforms (reviewed here) that was issued today in a very courteous and professional manner which I think this whining clown Alex doesn’t deserve anyway. I want you to read this update in full and realize that there is no breach of agreement with hyip.com. He is in fact highly selective about the enforcement of his own rule about programs that are allowed to be listed with him while refusing others. Take Famega, for instance. Alex joined it via the MNO referral link (!) so knowing exactly that it was listed on my site already joined anyway to issue a statement that Famega somehow breached an agreement which he himself is the only one in breach of. If I issue a rule on MNO I myself try to follow it because if you don’t follow your own rules yourself how can you expect others to? So, this is what the admin of InvestPlatforms emphasized when issuing their statement today.

One last thing I’d say before you read the statement InvestPlatforms site is that I believe that the best answer to that totally insane and jealous little man with the loud mouth hyip.com would be to continue their good job for investors’ prosperity for years to come allowing him to promote the short-term scams with unlicensed scripts which he will gladly accept for his monitoring without question. I repeat if you want to read more about the practices of hyip.com please refer to the MNO forum thread here to find out more shocking facts about this scam.

Here is the recent statement from InvestPlatforms outlining their official position regarding their promotional strategies and giving more information on the unique features that make them different from other HYIPs (to read more about the investment plans offered by InvestPlatforms please read my extensive review of the program published here):
“Dear IP members,
It has come to our attention that InvestPlatforms has been taken off monitoring service by one certain monitor site, HYIP.com, just some days earlier due to an alleged breached of agreement by HYIP.com admin.
In this notice, we will make our stand very clear about marketing efforts and company policy. From the business point of view, we certainly do not deserve such act of treatment due to the fact that ALL of our members are always paid accordingly, timely and every doubts and problems are always dealt with promptly. Having said that, we deem the action of HYIP.com to be inappropriate and unjustified and this issue has also brought some confusion within our own members which I would like to address in this official letter.
Monitoring services provided should always be done in a non-biased manner which in our opinion, the action of HYIP.com proved to be a mistake in itself. While according to monitor admin, Mr. Alex, we have infringed his requirements of “new programs under his listing are specifically discouraged against getting his/her program listed by MNO.com”. We want to appeal to the general public to look upon this matter objectively and again we hope that the general public does so with an open mind.
Here are some questionable practices embraced by HYIP.com and that which puzzled us:
1) Alex mentioned NEW programs. We have been in the market for close to 4 months now and our company; Asia One Assets has been in operations for over 5 years now. In actual fact, we have been operating longer than HYIP.com has been around. Does this place us in the “old” or “new” program category?
2) While we are being removed because of infringements to HYIP.com policy, there are many programs still being listed under HYIP.com which apparently still co-exist in MNO.com. What is the rationale for that favoritism shown? Is it maybe because those programs have shown exceptional business interest towards HYIP.com?
3) While IP deem this move online as a marketing strategy, Alex mentioned that time has shown that many programs that switched over to MNO.com turns scam shortly after, while all this time that IP has been around, there were many programs that hath already packed their bags and left, has only been listed under HYIP.com monitoring. Does that imply that perhaps IP is the next long term program which might jolly well stay for even longer than the current giants currently available in the market? And if so, why take IP program out of the entire list as though we had never existed rather than giving us a status which should probably be listed as “problem” first, and give explanations to your avid supporters of your monitor site? Is it because the move to remove us was not really sustainable and therefore it is easier to remove us totally?
We can never be sure of the actual reasons to the action behind HYIP.com but again we would like to ask that everyone to stand neutral and look at the facts.
We came into the online market without trying to be extravagant in our marketing campaigns. Simply because it has always been the way we handled things, taking the slow and steady approach.
For that matter, we have gotten few things in place to give some assurance to the general public of our intentions and company market standing in the offline business.
1) Verifications by the Chief Notary of our identity.
2) Audit of our finances done by the State Bank of Vietnam.
3) Verifications by VeriSign Inc. and not other SSL companies (comodo,thawte etc.) for the obvious reasons that stringency is what they practice and any companies without any of the above documentations would fail the check immediately.
4) Enhanced Verification by VeriSign which gives us the Green address bar on our website to give final assurance to the public that we are not a fictitious company and we hold a good track record in our trade.
5) Various other essentials that are already seen in other programs online which we deem as entry level needs.
I believe that by IP going down this road, it should be very clear that what HYIP.com mentioned about listing with MNO.com is a taboo to us and those are groundless assumptions.
Please continue to show your support to InvestPlatforms in the coming years. We are always looking for newer opportunities to make IP the market leader someday. It has been our privilege serving each one of you regardless of the invested amount. We surely do not show favoritism in our support towards the community since we embarked on this project.
For further questions or doubts, never hesitate to reach our support staff. They are more than trained to give you a good knowledge on what you might be doubtful about.
At InvestPlatforms, we always go the extra mile to shelter your investments.
Till we become the market leader,
John Rona. General Manager
InvestPlatforms (Subsidiary of Asia One Assets)”.

I would like to conclude my polls which ran for the last week. The most interesting and anticipated results were in the poll where I asked you your opinion on which program you see as the most likely survivor of Black December and continue into 2011. Five options were offered (CherryShares, OilStructure, PawnShopFund, RedOrchidInvest and Flamanta) but I assumed that the real battle would be between CherryShares and OilStructure – two programs with huge numbers of fans each. To my surprise, CherryShares couldn’t stand the competition and only came second with 26%. The winner was OilStructure which surprisingly took 50% of the votes. Perhaps the below par result for CherryShares was caused by the recent newsletter announcing changes taking effect after Christmas, adding fuel to all types of rumors that the program might be on the verge of collapse. While I don’t share such fears as I saw programs that lasted for over four years in the past we cannot deny that CherryShares is already a very old program paying for over a year and the payouts might be harder and harder to sustain although there are absolutely no visible signs that could be noted by investors and CS haters alike. As for the leading position of OilStructure I believe the program has a very good chance to survive Christmas as in my opinion it hasn’t reached the saturation point yet. Of course obviously the fate of OilStructure is in the admin’s hands but I can’t see any reason why it’s not achievable. Anyway, we will check out your psychic abilities regarding both CherryShares (reviewed here) and OilStructure (reviewed here) in a couple of months and then we will see who was right and who was wrong.

The three other programs took far fewer votes from MNO readers with Flamanta (reviewed here) coming third in the poll collecting 14% votes and PawnShopFund (reviewed here) with 9% votes. I must say that both programs showed quite a good performance in the past and I would not be surprised if they could make it despite the relatively low poll results. I’m not sure about RedOrchidInvest (reviewed here) which only scored 1% and apparently has very few believers that it can survive the festive season. Anyway, I receive some occasional complaints about RedOrchidInvest but I must admit that the admin Nathan has so far always managed to fix everything and keep his Paying status on MNO.

Anyway, it looks that such predictive polls are more popular among MNO readers so for next week I decided ask a similar question: What is your take on the coming Christmas period? Options include:
1) I believe that this period will not affect the industry significantly and most of the programs will survive.
2) I think that we will see many short-term scams during this season which will take advantage on investors’ desire to make some fast easy money.
3) I suppose more new opportunities will appear during the festive season than ever.
4) Most of the programs will collapse this Christmas and it will be the end of HYIP industry as we know it.
5) I never pay much attention to Christmas time as it doesn’t affect my earnings with HYIPs.
You might know that there could be other variants but unfortunately, I cannot list them all in the poll so I tried to specify the most common ones which you might share. Thanks in advance for your voting and we will count the results in a week from now!

Regarding the MNO Reader Profiles poll. Michael Jackson and The Beatles were the most influential musical figures. The winner of the poll is The Beatles and a deserved winner in my opinion with 36% of votes. Michael Jackson came second with 33% of the votes. Elvis Presley was third with 16% votes, while the outsiders were Madonna (5%), The Rolling Stones (5%) and Queen (4%). Thanks a lot for your vote and the next question for the poll will be submitted tomorrow. For now I would like to hear your ideas on the next poll from MNO Reader Profiles series on my Shoutbox. Let’s hear what you like to know about the life of a regular MNO reader!

The list of the programs that paid me for the last 24 hours can be seen below:
CazaInvestment, GWDConline, MicroTechFund, HourlyInstant, TerraProfits, YamaFinance, OilStructure, ReProFinance, PawnShopFund, PandaTrade, FiboTradePro, MutualTreaty, Flamanta, GroupUniversal, 144CashAds, FxEconomy, EarnPlaza, GainBucks, RedOrchidInvest, YesInvestment, GloTrade, FondosMayores, CherryShares, InvestPlatforms and FutureTrails.

That’s it for today, folks. I hope to see you all on my blog tomorrow with the review of a new promising short-term program called Flinexa and more news from the industry. Stay tuned and always stay on the money with Money-News-Online!