Oct 31st, 2012 Archives

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 Beware! Frmoeg has stopped paying! Do not invest there!

Happy Halloween everybody! Today I want to start with the program I had actually intended to review last night but wouldn’t you know it being Halloween there was obviously way too many gremlins, ghosts, and goblins in the network and I was offline at the time I got home and was ready to publish. Hopefully there’ll be a break in the paranormal activity for a couple of hours this morning and I can get finished. So anyway the program I want to look at in closer detail for you today is called Frmoeg (and no, that’s not a typo).

To start with, despite being a new program Frmoeg already has something of a controversial history due to this being the new HYIP from an admin who openly admits to running an older program which was, to be blunt, a dismal failure and something that won’t be disputed by anyone who joined it. That other program was IntraFunds and while I will be assessing Frmoeg purely on its own merits just be aware of where it has come from. The admin says that he made refunds to the former members of IntraFunds so if you feel that’s not true or you are somehow owed something by the old program then please contact him (not me!) or if the entire concept of a new HYIP by this particular admin somehow bothers you for any reason, then you are free to walk away and not join. Nobody has any control over how you spend your own money except you, nobody’s twisting your arm, and if you don’t like it then stop reading right now. Remember there are hundreds of other HYIPs around and if you come back to my blog later on even I’ll have a new one to review.

So now that that’s out of the way, I’ll continue with the investment plans. The admin of Frmoeg lists several reasons why IntraFunds ended up such a failure, citing lack of experience on his part as one of them. Reading through the plans for his new HYIP I’d have to say that might still be a major issue with this new program, and I think experienced industry players will mostly agree with me when they see exactly what’s on offer here. I’ll say more on that in a moment, but first let’s look at the numbers. Frmoeg has two medium term investment plans, one that pays you everyday and one that pays you every week. Plan A, the daily plan, will cost you a slightly above $20 minimum to join. The term runs for 30 calendar days, during which Frmoeg are offering you a daily interest payment of 5%. This payment includes your principal, so when the term reaches maturity your payments will come to 150% in total, or your own money back plus 50% net profit. Or to put that another way, a $100 deposit would yield a $5 per day return until you reached $150 in total.

The second investment plan is where things start to get a bit puzzling. Not that the plan itself is complicated or anything, in fact it’s really very simple, it just strikes me as being a bit pointless. You can join for the same $20 minimum and the term runs for 6 weeks. During this time Frmoeg are offering members a weekly payment of 20% interest. This includes your principal which will not be returned on expiry. So your final earnings of 120% includes your own money plus 20% net profit. To put that into further perspective the same $100 deposit here would get you back $20 per week until you reach $120, which is your own money back plus 20% net profit.

Already I’m sure you can see the difference between them, right? 50% profit in 30 days or 20% profit in six weeks (42 days). Which do you prefer? The Frmoeg admin points out that the real difference is that the weekly plan allows compounding whereas the daily one does not. OK, but I don’t see that as any advantage at all. Most regular readers will know I would personally avoid compounding, and the thing is that most experienced investors would share that approach. The thing about compounding is that it isn’t really “re-investing” in anything the way most admins would like you to think it is, it’s merely a failure on your part to withdraw the money that’s rightfully yours and leave in in the hands of an anonymous online HYIP admin. Not clever, is it? Then the more people who use compounding means the bigger the bubble around the program grows, making even more problems when it comes time to pay up. Maybe offering the principal back on expiry might have been a better tactic to make this weekly plan more appealing, I really don’t know. But at the end of the day it is of course your money we’re talking about here, not mine, so if you don’t share my personal opinion on compounding then you are of course free to do as you please.

Having said that about the plans, at least the payment options are quite good. Frmoeg are taking all the popular payment processors, including SolidTrustPay, EgoPay, PerfectMoney, and LibertyReserve. Payouts are made manually by the admin and so need to be requested by logging in to your private members account area. Once you’ve done all that you are then asked to allow anything up to 24 hours for them to be fully processed. Just be aware that the admin does not work on Sundays so your payment will not be handled then. There’s nothing to stop you asking for it of course, but it’s unlikely to be processed until he gets back to work on Monday. Your Frmoeg account will however still be credited with any earnings you might be due on the day, you just need to wait before making the withdrawal.

Something else that indicates a lack of experience will still be as much a factor in Frmoeg as the admin’s last venture, unfortunately however not the most serious one, is the security and design features. Some are solid enough mind you, such as SSL encryption and a licensed ProBiz script. If you have any further questions for the admin or account related issues then you can get in touch with Frmoeg by filling in your details in the online support ticketing form and submitting it via the contacts page.

Hosting on the other hand is train wreck waiting to happen, and a horror story worthy of Halloween. First of all it’s on CloudFlare whose record in the HYIP industry is abysmal. I mean maybe they’re a decent service provider in the “real world”, but they just don’t seem to be equipped for life in the HYIP world. Just about every HYIP related website to use their services has had major problems, and so far nothing indicates this is ever going to change. The thing is that launching DDoS attacks is a serious criminal offense that carries some serious prison time in most countries (ten years in the UK for example) but you see in the HYIP industry the “victims” of these attacks will never ever present themselves to the proper authorities to complain, they being up to their proverbial eyeballs in shall we say “questionable” activities themselves. So nothing ever gets done and the admins are 100% dependent on the skills of their hosting provider (the cops sure ain’t gonna help them, lol!). But then to make matters worse we see that not only is the hosting provider not up to much, they’re also keeping Frmoeg on a shared server with almost 400 other websites. That means an attack on any one of them could bring down all of them, and that of course is just an open invitation to DDoSers that says “come and get me”. Provided Frmoeg don’t come across the radar of anyone who wants to take them down, be it blackmailers, competitors, or just lazy teenagers with absolutely nothing better to do all day then I guess they’ll get away with it, but I can’t say for how long.

There’s no real information on any kind of serious business plan behind Frmoeg, and the admin has been pretty open from day one about running an online HYIP and piggybacking on other programs. Hardly a reliable long term investment strategy but the only difference between this admin and 99% of the others is that he tells you he’s running a ponzi when the others lie through their teeth to deny it. The end result is of course always the same, and online HYIPs will pay as long as enough new money comes in to cover older investors, expenses, and the admin’s cut of the profits. Theoretically there’s no minimum or maximum time that can be, and any program including this one can go pretty much without warning at any time. So you should know the rules by now which of course mean setting yourself a sensible spending limit that you will not go past and can afford to lose, and if joining Frmoeg at all then only do so with them as a smaller part of a wider more diverse portfolio.



Finally, after a few days of chaos Finvance is again fully functional. Now everyone can deposit into the 8% for 20 business day plan and withdraw their profits to SolidTrustPay, LibertyReserve, PerfectMoney and EgoPay to be paid within the 48-72 hours timeframe. As the withdrawals piled up during the site’s absence online it’s necessary to remain patient as Mark, the admin of Finvance (interviewed here) tries to catch up. In addition to that, an exchange option is still available totally free of charge which you can use before requesting a withdrawal via the link provided by Mark in the latest newsletter. There are still concerns among the current members of Finvance regarding their pending withdrawals and therefore I have made a decision to keep Finvance (reviewed here) on Waiting status on MNO until Mark is back to his normal schedule with payouts. I think it will be fair to both the program and its current members. Although I would ask you to give him a chance to prove that he’s capable of reviving his program even after such prolonged downtime. The first step has been taken already with Finvance coming back online with increased protection and I believe that Mark is trying hard to get things back to normal which will hopefully happen very soon with investors’ support. Here’s the latest newsletter from Finvance, so please read it carefully:

Finvance Newsletter October 31st
Thank you for everyone’s patience during the time that DDOS attacks in excess of 50GBPS were taking place against Finvance‘s Anti DDOS Company – BlockDOS. We were the target which took down our site as well as other sites along with us. This is just a testament to our popularity and the jealousy it causes. We have since then spent over $10,000 USD in increasing our infrastructure and we are now operating smoothly once again and ready for the future. I would like to stress the point it will take us a few days to catch up on all payouts and support tickets. Today we have processed thus far over $200,000 in payouts which has been an amazing feat. We also welcomed 1100 new members today since coming back online and running smoothly.
We have a lot in store for the future of Finvance and some things that are not so common in this industry that could be taking place. This industry needs more sites like Finvance, so we do have some thoughts and ideas in the pipeline. We have been a huge success thus far and continue to be a huge success. Stay tuned always to our newsletters which are now being hosted offsite to ensure every member gets them!
We also want to recommend investors to use our exchanger system which is completely free of charge. If you exchange $1000 you will receive $1000 in that e-currency of your choice. During our catch up period, we would love for our SolidTrustPay investors who can, to take advantage of the exchanger system. Please login to your account first and then go to this link to use our exchange system: https://finvance.com/ex.php
Thank You, Mark


If you haven’t read my review of Tivsol published here you really should do it to fully understand their rules. Some members of Tivsol were complaining that their accounts were not credited with the daily profits in the 5% for 30 days surfing plan even though they failed to do the essential part of the plan – surfing 10 pages in autosurf mode every 24 hours. Please note that this rule applies to the surf plan only while the second plan paying you 3% for 90 days with principal returned on expiry doesn’t require anything on your part except withdrawing your profits. So if you don’t have time to surf 10 pages daily go for the non-surf plan. After about two weeks online this unique hybrid of HYIP-Autosurf attracted some attention from readers who already invested in Tivsol using one of the multiple payment options available to its investors – LibertyReserve, PerfectMoney, PexPay, OKPay, EgoPay and SolidTrustPay. The withdrawals are processed well within 24 hours and I hope that soon the first members of Tivsol will be in profit. The admin claims huge growth for the program with over 4,000 active investors (which I believe is quite exaggerated), however, I believe that Tivsol has the potential to grow further in the admin keeps the commitment to pay on time and communicate with members like he did in the latest newsletter issued yesterday:

Tivsol Update
Dear Tivsol valued Member’s
From the desk of our company director: Phillip Soler;
Company Updates
Total Investment Solutions achieve another great milestone on its 10th day of operation, we have a total of 4,000 active members, Our company will do its best to serve you better and provide our members an effective advertising solutions for your products and websites.
Member’s update – Investment Plan Explained –
1. SURF PLAN – This plan required $10 to join, and you are required to surf 10 ads daily to be eligible for tomorrow’s 5% earnings. If you miss a surfing day, you will not lose any profit, since it will only be delayed, this plan expires when you earned 150% from your investments, and this includes your principal + 50% profit. This plan runs for 30 Calendar Days
2. NON – SURF PLAN – This plan required $10 to join, You are not required to surf on this plan, Your earnings will be credited after 24 hours from your investment. This plan will earn you 3% daily for 90 Calendar days. And will expire at 270% + and your principal will be returned at the end if the investment plan
3. WITHDRAWALS – All withdrawals are processed within 1 – 24 hours after your request, please do not send us a support ticket asking about your withdrawal, it will be processed in a timely manner within 24 hours.
4. SUPPORT – We receive up to 500+ emails daily please allow us up to 1 – 36 hours to respond to your inquiry.
That’s all for now, see you on the next update!!
Warmest Regards; Phillip Soler”.


Please note that at the time of writing the site of PerfectFinance (reviewed here) might be inaccessible in your location. The admin states that the program has changed nameservers and the site is expected to propagate properly around the world within the next few hours. I must say that I was able to access PerfectFinance via a proxy server last night and was paid promptly and instantly on the 2.7%-3% for 60 days plan with principal back on expiry. For now PerfectFinance pays instantly to LibertyReserve, PerfectMoney and SolidTrustPay while payouts to EgoPay are processed by the admin manually within 24 hours. I hope all the accessibility issues will be resolved very soon and PerfectFinance will be loading fine for everyone around the world. Here’s the latest newsletter from the program’s admin explaining the situation in more detail:

PERFECT FINANCE – Important: About Website’s Availability
Hello dear clients,
We are aware of the fact that the website is not available for some clients. It is due to the recent change in our domain nameservers. We were forced to change them to improve the stability of our website.
For most up-to-date information regarding the website’s availability, please check our official blog: http://www.perfectfinance.info
We would appreciate if you could post there whether the website is available for you or not.
It may take additional 24 hours for 100% accessibility worldwide. PerfectFinance apologies for the inconvenience caused on this matter.
Best Regards, Christopher Walters. PerfectFinance.


The admin of Nubcoyu who was interviewed on MNO here apologized yesterday for the wrong crediting of the promised 5% bonus available for all the new investors who deposits into the only plan offered by the program – 1.4% for 200 business days – via EgoPay, LibertyReserve or PerfectMoney for a limited time. It looks like bonuses under $10 are not earning any daily interest due to a bug in the system. A solution is offered by Nubcoyu and can be seen in yesterday’s newsletter from the program (reviewed here):

Bugs Detected In Bonus System And How To Properly Handle It
Dear Valued Investors,
I must admit, it was by bad. It was not until today that I’ve received report from our new girl, Misaki-chan (We add -chan after a cute girl’s name) that some clients are NOT earning from our accredited 5% bonus. As seen from the previous newsletter, in order to celebrate my daughter’s birthday and her turning 18, I’ve decided to give 5% bonus for every single deposits from 25th October to 25th of November. We’ve noticed that bonuses with the size less than $10 do not earn the supposed 1.4% daily earnings. Up until now, when I accredit accounts, I normally choose the option to invest into the plan with that bonus without having the users to do so themselves. However, the minimum investment requirement is $10, thus making the amounts less than $10 NOT earning the supposed 1.4% daily cash, possibly due to a bug.
Our Solution:
We’ll re-accredit every single accounts that has less than $10 bonus (That is, the deposits with the amount less than $200 each). The bonus will appear on the user’s account balance, from which users are free to withdraw or reinvest. Once again, if you’ve noticed that bonuses are not earning, please contact Misaki-chan directly for fast response. Her email is m.tanaka@nubcoyu.com
We’d like to apologize to everyone for this mistake and we’ll make sure things will go smoother next time.
Regards, Nubcoyu
Follow us on Social Media!
Facebook: http://www.facebook.com/nubcoyu.inc
Twitter: http://www.twitter.com/nubcoyucom“.


BeWealthyWithUs is a brand-new short-term program that joined MNO’s Premium/Sticky listing just yesterday and already got a lot of sign-ups from readers – even more than I expected. I guess many investors are in urgent need of some good short-term program like BeWealthyWithUs where they can re-coup money lost on other programs fast enough. And if you need not only fast profits but also fast payouts then BeWealthyWithUs will offers instant payouts to SolidTrustPay, LibertyReserve and PerfectMoney while EgoPay payouts are processed manually but also very fast. BeWealthyWithUs offers quite a huge variety of plans with daily payments paying 45%-100% for 3 days and payouts on expiry – 108%-150% after 1 day, 330%-500% after 7 days, 600%-1500% after 10 days, 2000%-3000% after 15 days, 3200%-5000% after 30 days. As with many of the programs like this most of the plans are plainly ridiculous but experienced HYIP investors will know exactly how to play this game to end up with a profit. BeWealthyWithUs has quite a colorful website hosted on a dedicated server by Koddos. The site is properly SSL secured by Comodo and runs off the ever popular licensed GoldCoders script. More about BeWealthyWithUs will be in the upcoming review, so stay tuned for that!


Here is the list of the programs from my monitor that paid me for the last 24 hours:
From MNO Sticky list: ForexEarn, TheMoneyGalaxy, Phinanci, BeWealthyWithUs (the first instant payments received).
From MNO Premium list: NewGNi, Finvance, ProfitableSunrise, EurexTrade, FelminaAlliance, PerfectFinanceCarbonDeals, PipsFund, Tivsol, BensonUnion, CaspianCapital, 4FXInvestment, DiamondAsset, ProsperaNova, FinanceCore, StallionGold, LLLtdProForexUnion, StrongInvestment, MajesticProfits, Finnexia.
From MNO Standard list: UFOWin, FastEarn, InvFuture, Frmoeg (the first payments received).
From MNO Basic list: RoiChoiceXtremeRichness, SilverRoi, Fxen, InvestLand.

That’s all for today, guys. I will see you on MNO later with more latest news from the industry and a full review of CaspianCapital – another popular short term program. Stay tuned for that and happy Halloween to everyone!

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