30/03/2013. WavEarn Review and Daily New from the Industry

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

Hello everybody! Hope the weekend’s been going well for you so far, especially for anyone celebrating the Easter holidays. I had a busy day yesterday with several new projects coming to the MNO monitor so for the next couple of day’s I’m going to be looking at them, starting today with a new short term project called WavEarn. But I hope you’ll find some time during the holidays to check out my blog for the others too, as there’s a wide variety there so you might find something you like. And if not then it’s still worth having a look at least. But let’s carry on today first with WavEarn and see what they have to offer.

So starting as usual with the plans, WavEarn is as I said a short term program and has two plans available. Both of these pay you just once on expiry, but can be joined for an affordable $10 minimum. Your first option runs for a term of 5 calendar days, making one single payment of 120% interest at the end. The same rate applies to all deposits, regardless of size, so as long as you’re spending the $10 minimum it’s 120% back on everything up to the $500,000 maximum. Your principal is included as part of that payment so it’s your own money back plus 20% net profit on top. Or to put it in monetary terms, a $100 deposit would see WavEarn pay you back $120 five days later.

A much riskier option though no less affordable with the same $10 minimum requirement to join is WavEarn‘s second plan. The term runs for 10 calendar days this time, paying just once on expiry. The rate jumps to 150%, and again includes your principal so it’s your own money back plus 50% net profit for yourself. So were you to make the same $100 deposit in this plan would, we hope, see WavEarn pay you back $150 at the end. The same $500,000 maximum investment applies to this plan as well, though in real terms this just means you’re pretty much free to spend whatever you like and have the same rate of interest regardless of how big or small your deposit.

At the time of writing WavEarn has yet to complete a cycle of either plan so feel free to hold back for now if that’s how you prefer to play. For anyone thinking their chances are improved and it’s actually less of a risk to get in right from as early as possible, then WavEarn accept all the main industry payment processors. You can join by using your choice of SolidTrustPay, EgoPay, PerfectMoney, or LibertyReserve. Fair enough but at the same time pretty much the minimum basic expectation of most new HYIPs these days. Payments are made manually by the WavEarn admin and so need to be requested from inside your private members account area. Once you’ve made the request you will need to allow anything up to a maximum of 24 hours for all the transactions to be completely.

Moving on to the more technical side of things such as the design and security features, WavEarn is fairly typical of what you see in the industry. Nothing exactly eye-catching but nothing to complain about either and all pretty solid. The website is for example running off a script that’s under license from GoldCoders which will give a very familiar appearance to WavEarn to most regular investors. They have an extra layer of security with SSL encryption by Comodo, and hosting is provided by Staminus Communications who are keeping WavEarn on one of their dedicated servers. If you have any further questions for the admin about the program or any account related issues then WavEarn can be reached by filling out the online customer support form and submitting it via the website’s contacts page. It’s noted there that the admin, or at least a support operator if he’s not running the whole thing by himself, will answer you within 12 hours.

Of course it’s hard to predict the program’s future at this point and I know many will wait until the first payouts are processed on expiry of the first investment plan. One thing that should not affect your judgement on this is the website content which is a straight copy/paste job with identical word-for-word material used in HYIPs older than WavEarn, so disregard any claims made there about them being a genuine investment company. Experienced industry players will know this by now so nothing new there, it’s just worth repeating for the sake of the newbies and indicates no more than the possibility of the same designer (and certainly not the admin!). So don’t spend more than what you could comfortably afford to lose without causing you serious problems if things didn’t work out the way you hoped, and if joining WavEarn at all then try and keep them as a smaller part of a wider more diverse portfolio.

DAILY NEWS FROM THE INDUSTRY

MAJESTICROWN AND CHESSINVESTMENT – PAYOUT DELAYS, DON’T INVEST!

The flood of scams during the last week continued today with the collapse of MajestiCrown. Just as I predicted yesterday, the program stopped instant payouts to LibertyReserve and PerfectMoney straight after the announcement of the new plan was made. While payments to SolidTrustPay are still processed instantly, it shouldn’t confuse you, because such programs usually pay to STP until their accounts are empty. It doesn’t mean that MajestiCrown is safe to invest even via STP, as it’s just a matter of time before the payouts to this processor stop as well. Meanwhile, I saw a lot of complaints of pending payouts in forums and some members gave me access to their accounts in MajestiCrown to confirm the problem. That collapse was so predictable after the admin issued an update about the new plan I believe it could go without saying, although I of course warned MNO readers about it. So, if you read MNO carefully and were considering investing in MajestiCrown, I hope I helped you avoid possible losses. It doesn’t mean that the program itself was good, as the first investors barely broke even, while nobody saw a profit. I believe some hackers could be also blamed for the program’s failure as a few days ago I noticed some fake referrals in the second level that registered under me with tens of thousands of fake deposits invested via PerfectMoney. Of course, the admin of MajestiCrown was notified and he rectified the issue, but I’m afraid that PerfectMoney balance of the program suffered due to these hacking attempts and usually instantly processed withdrawals to PM. Anyway, whatever the reason was, MajestiCrown is a confirmed scam now, so please do not invest there anymore!

Let’s talk about ChessInvestment now. The once promising project went south last night when the admin admitted to me the huge miscalculations made by their custom-made script that allowed a lot of dishonest investors withdraw from their balance more than they were owed and therefore drain the program’s reserves. I believe that was especially dangerous for LibertyReserve withdrawals that used to be processed instantly by ChessInvestment and therefore put the funds there in danger. Over its 16 days online ChessInvestment was a very unfortunate program with a rubbish script that eventually killed the program prematurely, with only very few investors being in profit. Sad, but I don’t see why proper testing of the script couldn’t be done before the program’s launch and it’s first and foremost the admin’s fault who was too hasty in getting started. That should be a good lesson not only to the admin of ChessInvestment, but also to all the other admins launching programs soon. Even if they have good intentions and are planning to run their projects for a long time, it’s more easily said than done, and technical difficulties can kill any program. So please do not invest there!

NUBCOYU – PROGRAM TO BE REFORMED AND NEW INVESTMENT PLAN INTRODUCED

Apparently, Nubcoyu is also going down the drain, and it’s happening faster than we could imagine. After a week of holidays the admin took, the program never managed to recover and the cashflow issues recently became very obvious. Even the last decision to limit daily withdrawals and extend the withdrawal processing time didn’t help the struggling project win back the investors’ trust. Yesterday it was officially announced by the admin that Nubcoyu is being put on hold for some time, until more funds from the alleged offline ventures will be collected and transferred into the payment processors necessary to process the pending cashouts. Meanwhile the investment plan of 1.4% for 200 business days has been replaced by another plan paying 0.5% for 300 business days. But when even Nubcoyu himself doesn’t recommend investing in his program, how can I? I appreciate the honesty, but I simply cannot mislead MNO readers and had to move Nubcoyu to Problem status on MNO tonight until the payouts resume. The program will stay on Problem for a couple of weeks and then will be moved to Scam. For those hoping for Nubcoyu‘s resurrection in the near future, I would be extremely skeptical. Here’s the latest email of Nubcoyu‘s vacation and reformation which I doubt is going to happen:

“NUBCOYU Magazine Issue 14 – Vacation & Reformation
Vacation & Reformation
Dear Valued Investors,
Greetings from Nubcoyu to each and every family members. I hope you all are doing well even with the current recession in the passive income industry. Today, I’d like to make an official announcement about our upcoming counter-measure for the current situation we’re all in.
Circumstances Report
Currently, our external income from the online world is in rapid regression state. With so many HYIPs and passive income programs we invest in either scamming or going on hiatus, we’ve lost over 92.94% of our online external income. Currently, we’re supplying the system and doing the payouts ONLY using the little new deposits and the external income from the offline businesses we’re involved in. However, the conversion of JPY to LR, STP, EP or PM takes a LONG time. There are times where it took up to 5 business days for the conversion and transaction to be completed. As the result, we’re experiencing extreme lack of necessary resources to process withdrawals on the timely manner. Plus, the promised upgrade to the new hybrid engine requires a lot of funding for the expensive feature modifications, DDOS protected hosting server, etc. As the result, we’re experiencing serious cash flow issues.
Our Counter Measures
As I’ve said before, I was never my intention to scam everyone when things start rolling down the hill. This program has my name, hence my pride on it. I must do everything to ensure the safety of our current and future client’s funds and valuable trust. After a long meeting with the management team and honoured leaders from around the world, it has come to the decision to put the program on hiatus mode (or WAITING Status if you like) until everything resolves. I’ll be leaving Yamanashi to Sapporo to open another Maid Cafe business (Learn more about Maid Cafes here: http://www.youtube.com/watch?v=5HNkB1Y7vUw) which could quite a quick buck aside to prostitution (which I’m not involved in). Also, we’re looking into more investments in the DVD shops in Thailand too. All of these are planned in order to create the indefinite sustainability to the program. Should the program experience any online cash flow issues, we’d be ensured to have TONS of offline businesses to back things up. With me getting busy from next week on, I’ll be stopping ALL withdrawals starting at this point. The payouts for the 24th will be cleared either tomorrow or the day after and for the 25th onwards would be put to pending. Once everything is ready, I’d be returning after stocking enough funds to rebuild our online family once again.
We always listen to our clients’ voices. Some of you prefer to continue compounding while waiting, while some even invests into our program to help us out (thank you so much!). With that in mind, I’ve decided to close registration for the current plan of 1.4% daily for 200 business days to the longer term plan of 0.5% daily for 300 business days. I don’t want to return and see $100,000+ pending withdrawals on the list while the daily credits goes wild despite the fact that there’s no extra income coming in. Although I personally NOT recommend to make any further investments in the program just yet, for our loyal family members who wish to withstand the storm together with us can make investments into the new 0.5% daily plan. Everyone’s help is appreciated and every cheering and encouragements never go unnoticed. I promise to come back after 1-2 weeks of vacation to truly focus on the offline business foundation and bringing everyone great wealth just like always. Please allow us sometime to reform NUBCOYU to something much stronger and prominent for everyone.
Once again, thank you for using Nubcoyu!
Arigatou gozaimasu!
Nubcoyu Umezawa”.

ADSOLID – NO MORE WITHDRAWALS ON WEEKENDS ALLOWED

A weird decision was made by the admin of ADSolid Timoleon (interviewed here) last night. It looks like the program will not be processing usually instant withdrawals due to their inability to monitor the safety of the system during the weekends. Well, considering the latest scams that might be not a bad decision, but I’m just wondering why it was not announced properly earlier and done only at the end of the business week, possibly giving rise to rumours and investors’ concerns. Anyway, I’ll leave ADSolid on Paying status on MNO and hopefully the withdrawals will resume next week. If you wish to find out more about ADSolid you can do so by reading my original review published here. However please note that since it was first published on MNO a new short-term plan paying 0.8% for 5 calendar days with the principal return on expiry was added to the original plan. The original investment plan in ADSolid pays you 1.2%-1.7% for 150 days with the interest credited on business days only and the principal returned on expiry. You can invest in ADSolid starting from a $10 minimum via SolidTrustPay, EgoPay, PerfectMoney, and LibertyReserve and also get your site advertised for free in addition to regular profits from your investment. The latest newsletter from ADSolid can be read below:

“March 29, 2013 9:55 PM
There has been a change in company policy. We have decided to disable the possibility of registration requests for the withdrawal at the weekend. This is due to the fact that our Office is closed on weekends and it is difficult for us to monitor the health of our system during the weekend. In addition, on Monday April 1, we celebrate the Catholic Easter and charges interest on deposits. We move the closing date for all entries in one day ahead.”

PROTRADERS INTRODUCTION

The only program that was added to Premium listing on MNO monitor today is a short term project called ProTraders. The program has been online for 17 days already and as far as I know it’s paying fine, however it took the admin that long to list ProTraders on MNO. The program accepts all the big payment processors – SolidTrustPay, EgoPay, PerfectMoney, and LibertyReserve – and the minimum to invest starts from $10. Note that all of the investment plans pay you once on expiry and the return depends on how much you spend. They include 104%-110% after 1 day, 122%-160% after 5 days, 131%-180% after 7 days, 145%-220% after 10 days, 166%-280% after 14 days, 196%-340% after 20 days, 222%-410% after 25 days, 250%-500% after 30 days, and finally the incredible return of 1,000% after 50 days (that last one starts from a $10K minimum). The site of ProTraders runs off a licensed GoldCoders script with withdrawals needing to be requested from your account. They are promised to be done manually by the admin within a 12 to 24 hour maximum. The ProTraders website is SSL secured by Comodo and hosted on a dedicated server by BlackLotus. More about the program will be in a more detailed review on MNO next week!

MNO TALKBACK – RESULTS AND NEW POLLS

Regular readers probably noticed that I neglected the MNO TalkBack polls recently and haven’t changed it for a couple of weeks. Well, I had an extremely busy few weeks so sorry about that. Today I would like to draw the results of the latest poll regarding your attitude towards LibertyReserve. Although recently it’s been going more smoothly and not limiting any accounts for no reason, LibertyReserve accounts still remain the main target for all types of scammers. The most amount of the phishing emails is also aimed at bringing you to a fake website and stealing your account details to empty your account afterwards. So, let’s see at the results as opinions are divided.

The most popular answer was “I believe LibertyReserve is safe enough and I haven’t encountered any problems myself so far” with 35.8% of the vote. While I’m truly happy for those readers who never encountered any issues while using LR yet, that leaves a staggering number unhappy with them. In any case, I would advise such people to be extremely careful when handling money via LibertyReserve and never leave a lot of money sitting in accounts.

The second most popular answer with 27.2% votes is “LibertyReserve is a money laundering tool with serious issues with security and support. I can’t understand why others still use it.” Unfortunately that is exactly true and I believe if over a quarter of my readers already faced such issues with LibertyReserve, this payment processor simply cannot be considered safe enough to maintain your transactions in the HYIP industry. I personally would suggest PerfectMoney as a much secure and far superior alternative to LibertyReserve.

The third most popular answer for the LR poll gaining 22.2% of all the votes was – “LibertyReserve as a website is safe but due to irreversible payments it’s a safe haven for all types of scammers abusing it.” That is also true – once your transaction is done, even if it’s stolen by somebody else, you can forget about your money as LibertyReserve never reverse a payment and they do not particularly care about the hacking attempts either. If you wish to use a reversible payment system with a lot of deposit and withdrawal options I suggest to use SolidTrustPay, the main advantages of which will be the subject of my next poll.

And finally, the least popular answer but worryingly high with 14.8% was – “I will never use LibertyReserve anymore because I was a victim of hackers or limitations from its administration that were never resolved.” I believe the frustration of the former LibertyReserve clients is fully voiced there, and I would suggest to read my articles on the extreme insecurity and dangers of using LibertyReserve payment processor in my articles here and here.

Let’s get to the two new polls now. In the first I’m asking you once again what your current favourite payment processor is from the four main ones including SolidTrustPay, LibertyReserve, PerfectMoney, and EgoPay. I believe it’s time to find out what payment processor my readers currently prefer as their main source of funds when investing in HYIPs. This will be the first poll open for voting on the MNO TalkBack page for the next couple of weeks.

For the second question I’d like to ask SolidTrustPay users why they have chosen them as their primary investment tool in the HYIP industry. I’m sure you’re aware of the advantages of using SolidTrustPay over the others, but I am going to ask you what is the MAIN thing that draws you to them. So the question for the second poll on MNO TalkBack page will be – What is the main reason you use STP as your primary payment processor in the HYIP industry? I’m sure you will be able to find all the advantages in my recent interview with Stella, STP’s chief executive officer,which can found here.

Possible answers are:

1) STP provides refunds for some scams which I can’t get in other processors.
2) STP offers a lot of convenient deposit and withdrawal options including bank wires and cards.
3) HYIP admins don’t care about STP funds because they can’t withdraw, so they pay STP members longer than others.
4) STP provides superb security for my account such as a TrustCard. I feel safer.
5) STP can reverse transactions, so I feel confident that my funds are restored even if my account is hacked.

I think these are the most common advantages of SolidTrustPay, but my aim is to find out what you think is the most important factor for you. I would like to thank you in advance for your answers and I’ll draw the results of the polls in a couple of weeks.

GET PAID REPORT FOR 30/03/2013

Here is the list of the programs from my monitor that paid me for the last 24 hours:
From MNO Sticky list: EliteCapitalClub, OptiEarn, ElegantForex, SwissInvestFund, MoneyBox.
From MNO Premium list: InvestiField, BensonUnion, Stravia, MalaysianINC, 306BZ, SwiftMoney, HytexAG, ZenithPay, RFIGroup, MasterEarn, Financa, AVVGlobal, WavEarn, EarningAlliance.
From MNO Standard list: AustralianBusinessGroup, AxiomInvestingGroup, PureIncome, MoneyInSports.
From MNO Basic list: SixDaysProfit, InvestmentCapital, MainaLimited, Finance7, Money&Credit, Fxen, TheInvestmentBank, MakingBank.

Thanks for reading guys, and I hope you found my news updates useful. See you all tomorrow with a detailed review of EarningAlliance and the daily updates from the HYIPs monitored on MNO. Bye for now!