Dec 21st, 2013 Archives

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

Hello everyone! Well, it’s the last weekend before Christmas so I suppose most of you will probably have your hands full getting ready for the festivities. As am I of course but I still hope you can find some time to check out MNO during the week because there’s still a fair bit happening here. The newest addition to my monitor’s Premium Listing for example is quite a unique program called MyGoldNestEgg. Quite a grand sounding title and it is I must say a lot more complex than your average HYIP. I was actually in two minds about how to approach this one but having given it some thought it’s clear that the program is working off the same basic premise as everything else in the industry – you put your own money into in in the hope of withdrawing somebody else’s, and hoping of course that what you take out is a lot bigger than what you put in. That’s more or less what most of you are looking for in this industry, right? It’s just that how MyGoldNestEgg have gone about organizing things makes it look a little different. They describe themselves as a “profit sharing” program and the expression “HYIP” does not make an appearance that I can see, though then again there’s no physical product actually for sale so you can dress things up pretty much any way you like, it’s still going to work the same.

We’ll start then by looking at the various investment packages available from MyGoldNestEgg, for which you’ll need a $50 minimum to join. The investment term itself is broken down into different phases, but essentially what happens is you receive a daily interest payment, made on business days only, until you have earned back an agreed amount. You don’t necessarily receive the exact same amount everyday (actually you definitely don’t) because your payment is split between what the admin allows you to withdraw and the remainder which is compounded.

Here’s a simple example. We’ll say you deposit $100. MyGoldNestEgg then makes a payment of 2%, which is of course $2. Out of that you can withdraw just $1 while the other dollar is added to your account balance. So the following day you are now owed 2% interest on the larger principal of $101. Again this is split 50/50 with the member receiving half and the other half going back into the account balance for an ever increasing payment the following day. So whereas the investment plans don’t have fixed length terms in the traditional sense, you do have a certain goal and you will be paid by MyGoldNestEgg until such a time as you have reached that goal. There are then a number of different channels from which you are paid, with the daily interest payments actually only playing a relatively minor role in the bigger earning picture. Other that daily payments, MyGoldNestEgg have what they call Weekly Profits, Revenue Share, Profit Factory, and Compound Accumulator, all of which also pay you. The most important thing you need to be aware of really is that these are just pools of money from which the admin manages the payments.

This is what happens. The minimum required of $50 is what it takes to join The Standard Plan. The reward here is to double your money, in other words to deposit $50 and withdraw $100. That $100 will consist of $10 from Daily Payments, $25 from Weekly Profits, $25 from Revenue Share, $25 from Profit Factory, and the remaining $15 from Compound Accumulator. To be honest I have to say the whole thing looks unnecessarily complicated. But I have to wonder exactly how much of this it really essential that you understand, because the gist of it is basically you double your money with the only tricky part being the scheduling.

For bigger investments there are naturally bigger rewards, with $150 being the minimum you can deposit in what MyGoldNestEgg call The Advanced Plan. This works more or less like the last plan, except the ultimate aim is to triple your money, not double it. In other words deposit $150 to withdraw $450. The breakdown in payments is $30 from daily payments, $125 from each of the weekly profits, revenue share and profit factory, and $45 from the compound accumulator.

For $500 you can join The Exec Plan which aims to quadruple your money. So for $500 here the goal is to get $2,000 out. Daily payments account for $100, while the rest comes from $550 in from each of the weekly profits, revenue share and profit factory, and $250 from the compound accumulator.

For a $1,500 investment MyGoldNestEgg have The Ultimate Plan. This one has the eventual goal of quintupling (and yes, I did have to Google that!) your money, which is to increase it five times over. That means for your $1,500 investment you would be hoping to withdraw $7,500. Individual payments are made up of $300 from daily payments, $2,250 from from each of the weekly profits, revenue share and profit factory, and the remaining $450 from the compound accumulator.

OK, I don’t want to sound as if I’m cutting this short, but I don’t want to deliberately over complicate things for you either. These are the main investment plans in MyGoldNestEgg, but they are not the only ones. There are some other smaller “booster” options open to members presumably that allow you to earn a little extra from time to time if and when you can afford it. Not everyone can afford $1,500 of course, but at the same time it would be foolish of any admin to cut off the smaller players that make up the bulk of the industry. You can find the information you need on the booster plans (which can be joined for as little as $60) inside the MyGoldNestEgg members account area.

So if you can make sense of all the plans and want to join, then one thing about MyGoldNestEgg that everyone is going to like is the wide array of payment options open to members. All the popular HYIP processors are available, plus a couple of others. You can join MyGoldNestEgg using any of not only SolidTrustPay, PerfectMoney, or EgoPay, but also Pecunix, HDMoney and C-Gold. In addition to to that MyGoldNestEgg is another of the growing list of programs utilizing BitCoin, which may not be so popular now but looking at the long term future of the HYIP industry over the next couple of years is probably the direction its moving in. Something else a lot of you are probably going to like is the fact that payments are automated. You don’t have to request anything, all you need to do is set the withdrawal level yourself, and when your balance reaches that amount the MyGoldNestEgg script will pay you automatically. As my own deposit there is via STP then I’ll probably set the withdrawal amount to $5 to save on transaction fees, but initially it was lower as I needed to make the first withdrawal as fast as possible so I could move MyGoldNestEgg to Paying Status on my monitor. You can set your own level to what best suits your own needs though.

Moving on to the more technical side of things then, MyGoldNestEgg is hosted on a dedicated server with the support and DDoS protection of GeniusGuard, who I suppose have been a solid enough performer in their field. The website is SSL encrypted by Go-Daddy for an extra layer of protection and more secure transactions, and is running of a unique custom developed script made especially for them. One added security feature includes the use of a secondary password which members will need to set themselves. This will then be required (or at least entering three random digits from it) for any changes to be made to your account or payment routine.

If you have any further questions for the MyGoldNestEgg admin – and I’m sure there’s going to be a few – then you can get in touch by filling in your details on the online customer support form and submitting it through the website’s contacts page. You’ll notice a postal address as well, though given that it includes a box number it might be fair enough to speculate that it’s a virtual serviced office for correspondence as opposed to where you might find someone running the program physically located. Fans of social networking sites can also find MyGoldNestEgg keeping a profile on Facebook. There’s not much to see there just yet, the program is brand new after all, but I imagine that’s going to change pretty soon as the admin seems to have a lot to say about himself and his program. I can’t fault his level of communication so far, so I do hope it stays that way.

Overall it’s quite an impressive project I must admit, and clearly something a hell of a lot of time, planning, organization, and expense have gone into. The potential for the whole thing though is simply massive and it will be interesting to see how it develops in the new year. I wouldn’t think many people will be expecting much from MyGoldNestEgg over the holidays (I don’t know why not – the program is paying after all) but come January and a resurgence of interest in online money making opportunities I think we might really see the program grow and work its way onto more and more portfolios. But whatever you do don’t lose sight of the fact that the success of any online scheme is largely dependent on a lot of factors that members and admins alike have very little individual control over, so don’t treat MyGoldNestEgg any differently than anything else in the industry. As the old saying goes you cut your cloth to fit your hip (always loved that expression!) so stay within a budget that you can comfortably afford not just to spend but also to lose. And of course if you are signing up for MyGoldNestEgg then try to keep them as a smaller part of a wider more diverse portfolio.



Recently I introduced a new rule I think would be fair towards both HYIP admins and investors alike which states that for all the self-declared holidays that do not include the usual Christmas and Boxing Day, or New Year’s Eve and New Year’s Day (25-26 December, 31 December, 1 January) the programs from my monitor will be moved to Waiting status. I think that it’s the only logical and reasonable decision provided the programs in question are going to continue accepting deposits from investors, but not making payments. I’m fully aware that the cashflow over Christmas period is far from perfect as investors usually prefer to abstain from their usual activities in an attempt to avoid cheap Christmas scams, but that doesn’t and shouldn’t be an excuse for the admins to take more holidays than the rest of the world.

Having said all that, I’m going to confirm that ApexBinary which recently announced a full week of no interest credited to members’ deposits from December 25 to January 1 will be also moved on my monitor to Waiting status during that time. Unlike some other programs though, my opinion about the upcoming holiday week for ApexBinary will not be overly critical, as the program is quite new and I don’t see a reason why it wouldn’t resume on January, 2nd as promised. ApexBinary has been on MNO since day one and has been paying for about three weeks now. The program offers 1.2%-2.4% for 180 business days with principal returned on expiry and a minimum deposit of $10. Withdrawals to PerfectMoney, PexPay, and EgoPay are usually processed instantly, and I can see ApexBinary has added SolidTrustPay now as well. However on closer inspection the automated deposits are not possible due to some technical issues which will hopefully be resolved soon. As soon as it’s done I’ll add STP as the fourth payment processor for ApexBinary on my monitoring page. By the way, if you’re interested in finding out more on ApexBinary, you can read my detailed review posted here. And though the program is still paying instantly and with no delays it’s better be safe than sorry and I believe Waiting status on MNO will be a fair reflection. I remind you that the status will only be changed for the duration of extra holidays after Christmas and until the New Year as announced in the latest update from ApexBinary below:

Dear Customers,
We would like to inform you that due to the upcoming Christmas holiday on 25 December, the deposits will not carry interest from 25 December to 1 January.
Because of the fact that these days are non-trading days.
Earnings will resume as usual on 2 January .
We wish you a Merry Christmas and a Happy New Year!


The CatenaFinance website (reviewed here) was offline for some time over the last few days, forcing the admin Enver (interviewed here) to issue an update to ease the worries of the investors not capable of accessing their accounts first due to network issues and then due to DNS propagation due to move to another server:

CatenaFinance: Network issues
Just a short heads-up: Our site was offline today for a few hours due to network issues.
Our site is online again, all withdraws are processed and, as well, anyone who could not make deposits and make withdrawals earlier today should now be able to do so.
Thank you for your trust.
Best regards, CatenaFinance

CatenaFinance: New server
We have just went through a migration to a new server and we apologize for any problems that the process might have caused. We are aware that, for some time, you could not access our site. Please do understand that we must keep security our top priority, and due to the rapid expansion of our program we really required more secure server so we opted to do a relatively quick migration now rather then suffer for not doing it latter.
If you still cant access our site it is probably due to DNS propagation which is a slow process and can, depending on your region and your servers, take up to 24 hours to complete.
Also, we would like to remind you that the New Year’s plan will remain open for investments for just 2 more day. If you wish to invest, you should use this opportunity.
Thank you for your trust.
Best regards, CatenaFinance

Speaking of the new investment plan paying 142% after 15 calendar days which is available only for two more days, I must repeat again and again that no investments are recommended there. CatenaFinance is following the path of several other scams from the past where the admins pulled the same trick. I wouldn’t be surprised if in two days from now (provided that CatenaFinance is still paying to everyone by then, of course) the admin announces an extension of that plan for a few more days or weeks. Still, no deposits should be made as it’s extremely dangerous and I’m pretty much sure the program is now struggling financially despite the still timely payouts on the original two investment plans paying 2% per business day for 365 days and 11% weekly for 55 weeks with principal back on expiry. Despite the withdrawals still processed to members’ SolidTrustPay, PerfectMoney, and EgoPay accounts I would advise you stay away from CatenaFinance and hold off from deposits at least until the 6th of January when all the deposits from the 142% after 15 days plan are going to be paid. Only after that could I recommend investing in CatenaFinance as a financially stable program, which is very questionable for now to say the least.


Some readers noticed already that I moved PureIncome (reviewed here) back to Paying status on my monitor yesterday. As the program remains one of the biggest and most successful projects of the year, I always get a lot of emails on status changes and I always explain them without hiding anything. As you might remember from my previous post, the latest status change to Problem was assigned to PureIncome due to the admin’s inability to return the principal of my referral whom I always stand up for till the end (that is why it pays off to be in my downline sometimes!). So, instead of paying my referral the admin took a more defensive tone and started arguing with me as I’m so irresponsible to move his program to Problem status already for the third time during the month of December. He told me that before Christmas PureIncome was in a very difficult situation and, as I already guessed, he was even thinking of closing it. I believe he has changed his opinion by now, as my referral reported finally that her issue was resolved to her satisfaction and that she had no more complaints regarding the return of her deposit. Only after that I moved PureIncome back to Paying status on MNO monitor. Although please note, that it doesn’t mean that my opinion regarding PureIncome has changed. On the contrary, after the admin’s revelations my take on PureIncome‘s chances to survive only strengthened my suspicion that the program might collapse over the holidays. Supporting this fear is the fact that during the period until January 6th next year no deposits can be released and the interest will be credited to members’ accounts at a reduced 0.7% daily maximum. That doesn’t mean that PureIncome is going to definitely scam during the period between now and January the 6th, but you still have to be careful and the admin’s arrogant approach towards dealing with my referrals isn’t helping matters. We’ll see if PureIncome is still paying on January, 7th, as only then can we state that the program is out of danger.


Being a responsible payment processor accommodating so many HYIP investors in their online activities the administration of SolidTrustPay reminds users that their customer support will to be closed for five extra days over Christmas and New Year. Note the extended timeframe for approved exchanges, funding STP account deposits and outgoing withdrawals as they will all take longer than usual. Also take note that non-TrustCard holders should notify STP administration if they go on holidays to other countries, as they may be locked out of their accounts if trying to access it from unknown foreign IP addresses (for security reasons). That’s why it’s always better to obtain a TrustCard which will be mailed to you by regular post and will contain a sequence of three codes that will make your STP account even safer than before. Of course now it can be only done after the holidays, but from my own experience obtaining a TrustCard from SolidTrustPay is a must for frequent users of STP and travelling a lot. For more details of STP’s working arrangements and other important information please refer to the latest update copied from their official blog:

Customer Support Holiday Hours
It’s getting cold outside! Christmas Eve is but a week away, and with that we would like to advise our members of some upcoming Customer Support Closures and Banking Holidays.
SolidTrust Pay’s Customer Support will be closed on the following dates:
Tuesday, December 24th
Wednesday, December 25th *
Thursday, December 26th *
Tuesday, December 31st
Wednesday, January 1st *
* Indicates Bank Holiday
Although we always strive to provide withdrawals and deposits as quickly as possible, with the limited number of banking and business days through this period, requests submitted as late as December 21st, for example, may not be finalized until the first week of January (5 business days). As such, members are reminded to allow extra time for their transactions to be processed during this period and request their transfers early if needed.
Additionally, because this season is also a popular time for travel, we would like to remind our members to update us if they intend to leave their country of residence (to avoid being locked out of your account). Members who are TrustCard holders need not notify us, as roaming is covered by their card benefits.
From all of us here at SolidTrust Pay, we wish you happy holidays and safe travels!


As you might remember, per my readers’ requests I added an MNO Approved Exchangers page a couple of weeks ago (click here to see it) where I am listing the sites providing exchange services for HYIP investors which I myself tried and tested and had a positive experience with. Thus far, I have nine proven exchangers listed there that I can honestly recommend as being trusted vendors, but I am open to suggestions from readers and the admins of exchangers alike so they can contact me with suggestions as to what provider to add. You are free also to submit any complaints or testimonials about any particular exchanger via the MNO Contact Page (please choose “Discuss exchangers” in the drop-down box) which will be posted on my Approved Exchangers page after the necessary checks, of course. Exchangers that had even one unresolved complaint will be removed from MNO Approved Exchangers page, so my readers can be sure that it’s safe to choose such services for your needs. Today my programmer finished with the banners necessary to promote MNO Approved Exchangers page across MNO, and soon more banners advertising the MNO Forum will be ready as well. I hope that by adding more services like that will raise more interest from my readers, and hopefully, you can contact me and give me more suggestions on how to improve MNO if you have any. I’ll be grateful for that as I strive to make my site better every day, even during holidays.


Here is the list of the programs from my monitor that paid me for the last 48 hours:
From MNO Sticky list: MultiPowerVentures.
From MNO Premium list: PureIncome, CatenaFinance, DublinCryptoriumLimited, InvGlobal, MutualWealth, Financ, RemiTrade, DailySharePro, FinMutual, ApexBinary, StableCapitalGroup, TataAgroHolding, MyGoldNestEgg (the first payment received).
From MNO Standard list: -.
From MNO Basic list: InvestmentCapital, ProfitsMakers, ThaiMonetaryFund, InsideForexGroup, ExcelCapital.

That’s all for tonight, guys. Hope you enjoyed reading. If so then why not subscribe to my Daily News and have it delivered straight to your mailbox by entering your email address in the appropriate form on top of the MNO Blog and by confirming it by clicking on the link sent to your email address. After that, you’re done and will be receiving emails from me daily (operated by Google Feedburner) from the next published article on my blog. It’s easy, convenient and will take you just a minute either to subscribe or unsubscribe if you change your mind at any time.

In the next update I want to see the result of the poll currently running on the MNO TalkBack page and where you’re still welcome to participate. Then we can clearly see on how successful 2013 was for you, as the results of the poll are going to be analyzed and new polls added. I myself am very positive about where the HYIP industry is going in 2014 and am looking for more new and exciting programs that would definitely be added to MNO in the New Year. Also in the next post I want to talk about a general price increase for my listings which will take effect starting on January, 1st 2014, so admins who wish to be listed on MNO for the old prices are welcome to pre-pay if they wish. The prices and terms and conditions are listed on the MNO Advertising Page and please note that I do NOT provide discounts for listings on MNO, and am not going to start in 2014. MNO is just my hobby and not the main source of income, and I care about my readers while not accepting all the cheap scams and will continue to do so in the coming year, so to deal only with serious admins and not to waste my time dealing with quick scams. I hope we will all have some luck in the new year, and I hope that you will spend it with MNO where we can both make the HYIP industry a better and safer place to invest and profit from the biggest programs. Stay tuned and be always on the money with Money-News-Online!

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