09/12/2011. TopWallet Review and Daily News from the Industry

 Beware! TopWallet has stopped paying! Do not invest!

Hi everybody! All looking forward to the weekend I hope. So before this evening’s news I want to take a closer look at a new addition to the MNO monitoring page called TopWallet. Unlike some of the recent programs to feature here, this one sees a return to short term HYIPs. Long time readers will recognize the style of plans being offered by TopWallet as very similar to numerous other programs to have opened over the last year and beyond. Similar plans that is, but not identical as we see in a moment but anyway, some of them have been hugely successful and quite popular among fans of short term HYIPs.

TopWallet has five plans to choose from, except rather than plans they describe them as “packages” but I think we all know what they mean. As is normally the case with programs like this some are reasonably priced and can easily make a modest profit for experienced players while some of the others might be best left to one side as they are unlikely succeed in completing the offers they make. All carry some degree of risk of course, but if you use your head and take the chance while it’s hot then some have a serious chance of yielding a moderate profit.

So to start with the first plan, called Package A, runs for a term of just 1 single day and makes one interest payment on expiry, a payment that includes your principal. So join today and get paid tomorrow. The minimum cost of joining is $10 and for anything up to a deposit of $500 TopWallet offer a return of 105%, or 5% profit. You may make a larger deposit if you can afford to, and expect a higher percentage in return. The rates are calculated as follows:
Deposits of $501 to $1000 will earn 106%, from $1,001 to $2,000 will earn 107%, and from $2,001 to $5,000 will earn 108%. Check the TopWallet members area for information on larger investments if interested.

The second plan, Package B, runs for a term of 3 calendar days and also pays on expiry. The minimum deposit required to join goes up to $50 and for anything up to $500 TopWallet are paying back 116% interest, a figure that includes your principal so that’s 16% profit for yourself. For anyone brave enough to go further than that then the following rates are offered:
119% for deposits between $501 and $1000, 122% for anything between $1001 and $2,000, and 125% for $2,001 up to $5,000. For the rates available to bigger deposits I suggest you see the TopWallet members area.

Package C pays on expiry after a term of 7 calendar days and costs $100 to join. Your final payment will also include your principal. The return will be 142% on anything up to a maximum value of $500. If you’re feeling lucky and wish to take a bigger risk then TopWallet make the following offers:
Spend from $501 to $1000 and earn 149%, from $1001 to $2,000 and earn 156%, and from $2,001 to $5,000 for an offer of 163%. Again check out your TopWallet members area to see what they offer to investments bigger than that.

As you can see the plans get more and more risky as the terms get longer. So it’s time to maybe start considering how realistic these figures are before getting too excited at the enormous rates available. However as we can also see the minimum cost of joining them also goes up, helping to both make them less and less attractive to people who really can’t afford them anyway and also to encourage those who can afford them to perhaps be a bit more sensible. So Package D as the fourth plan is called runs for 14 calendar days and will set you back at least $250 to join. For an investment up to $500 you’re offered a total return of 191%, principal included. Whether or not TopWallet can realistically come up with a payment that high so quickly is another matter entirely, and one for you to think about carefully before jumping in. On larger deposits the rates are:
205% for $501 to $1000, 219% for $1001 to $2,000, and 270% for $2,001 to $5,000. Larger investments are also accepted so for information there see the TopWallet members area.

Finally Package E is a plan that’s perhaps best avoided. It runs for 30 calendar days and pays once on expiry. The minimum deposit is $500 and for anything up to $1000 the rate being offered is 350%, principal included. Higher rates include:
400% for $1001 to $2000, and 450% for $2001 to $5,000. And if all that doesn’t sound unreasonable to you then check out the TopWallet members area for even more outlandish figures.

Payment options are very limited here but to be fair once you accept it’s a gamble before getting involved in the first place you’re free not to join if it bothers you. TopWallet accept LibertyReserve and PerfectMoney only. Payments are not instant and will have to be requested from inside your members area. The admin says he can have everything processed within six hours, which if true is impressive. I hope he’s not trying to do it all himself though because while speed of payments is imperative for the success of programs like TopWallet, it might eventually prove a difficult schedule for just one person to keep up with. Then again, maybe he just doesn’t need things like food and sleep and fresh air, lol!

TopWallet is an SSL-secured website and DDoS protected by BlockDos on a dedicated server. It runs off a licensed GoldCoders script. If you have anything you’d like to ask the admin then customer support is available by filling in the e-mail ticketing form on the contacts page and submitting it. TopWallet also comes with a Live Support function but no information is made available on whether the admin will ever actually log in and use it or not.

There’s really not that much left to say about the program, given that it’s a fairly straight forward and uncomplicated HYIP based game. Texts are not original anyway and have been used by many other high risk HYIPs in the past so ignore the claims you see made there. They’re largely for the benefit of the industry newbies anyway. For the record TopWallet claim to be involved in the area of e-currency exchanges, and say that there’s (and I quote) “incredible interests generated when people have different e-currencies that need to be converted.” Well, speaking as someone with reason to deal with e-currency exchange service providers almost 7 days per week I can tell you that sorry, the interest isn’t exactly all that incredible. In fact it’s extremely modest in most cases, and even when it isn’t it still doesn’t come close to matching the rates being offered by TopWallet. But again, I think that very few MNO readers would have thought so anyway. So as is always the case when dealing with online investments try and keep your spending under strict control at a level that’s affordable to you, and try also to keep any one program you join – TopWallet or otherwise – as a smaller part of a diverse portfolio.

DAILY NEWS FROM THE INDUSTRY

One more program facing imminent collapse today is FreedomReserve which managed to last for a full 38 days which is an exceptional result for such a short-term program with plans resembling TopWallet. Today many unpaid withdrawal requests were reported which prompted me to move FreedomReserve to Problem status on MNO as soon as possible in order to prevent people from investing in this dead program. It was quite clear the program might be in trouble when an usual update announcing the too-good-to-be-true investment plan was issued today and sent to investors:
“Dear investors!
We are already almost 38 days, during this time many had already doubled capital.
Our company wants to do a special gift for 50 investors
A new plan: 200% After 1 Day + Principal deposit (Total 300% After 1 day)
 Everyone will make deposit on the plan in our website FreedomReserve!
Hurry up to be in the forefront of investors!”
Shortly afterwards the complaints started piling up when the program failed to process the daily payouts in the usual time. The final straw came when static images were displayed on FreedomReserve‘s rating page buried any hope of recovery. They were however very popular among the short-term games because over a month of payments really meant a lot of people made some good money which eventually ended today. Sorry for anyone who lost money in FreedomReserve but that’s just the way the industry works and you should accept that before starting out. Hopefully, there will be more such quality programs in the future.

Perhaps some investors of LifeTimeProfits who don’t read MNO and other good sources of information on HYIPs missed my point in the published review of the program (click here to read it) saying that the principal of 3%-5% for 50 business days is included in the daily payments and not returned on expiry. The admin Lara made sure to mention that in the last newsletter sent to members of the program today. In her words it’s made to ensure the program’s long term sustainability which I guess is a reasonable response for any admin aiming to stay in business for as long as possible. If you have any further questions regarding LifeTimeProfits please don’t hesitate to contact the admin who will answer the most common questions in future updates as she did tonight:
“Plans Clarification
We received many emails asking us if we return principal at the end of investment period. Please be informed that your principal will not be returned, and it is already included in your daily profits.
As example, if you invest 100$ with us, you will get 3$ daily for 50 business days, giving you a total return of 150%, out of which 100% will be your principal, and 50% your profit.
These plans will ensure a longer longevity for our program.
Should you require more information, feel free to contact us from support section any time.
Best Regards. Lara. LifetimeProfits”.

Here is the list of the programs that paid me for the last 24 hours and stay on Paying status on my monitoring page as of now:
FXMoguls, EVBusiness, HyperCompound, SolidForexLtd, LifeTimeProfits, ForexReflex, BaseBucks, APEnergyInvest, TopWallet, StableProfit, TopsFund, OneInv, WorldwideCapital, TopWallet, SolidForexLtd, FelminaAlliance, ProfitableSunrise, Royalty7 and ReProFinance.

I’m afraid that’s about all the news for tonight, guys. But since it’s the end of another week I expect updates from admins would be limited to the necessary minimum. Anyway, there’s always a certain level of activity out there so I’m going to post more news from the industry tomorrow night along with a more detailed review from another newly added program ProfitableSunrise. Stay tuned for that and see you all on MNO tomorrow!