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

Hi everybody! For the first post today (news will be along later as usual) I have an interesting interview with the admin of a program that seems never far from the headlines for one reason or another since it’s launch earlier in the week. Pickash is the name of the program and already in its short few days online it seems to have history behind it as colorful as any HYIP on the net right now.

Just as colorful is the admin’s name, Robin Williams, (ask nicely and you might get an autograph, lol!) and he explains some of the issues that Pickash has had to overcome as well as the more regular aspects of the program such as security and the investment plan which offers 125% interest on expiry after 5 days, principal included. For further info on that of course you’re always welcome to read my detailed review of Pickash published here, or if you have any comments about it you are free to express them on the MNO Forum thread here.

“1. Hi admin, please start by introducing yourself to the readers of MNO and telling us a bit first about your own role in Pickash and then about your background in the HYIP industry. What kind of previous experience do you have in managing funds?

Hi Paul and all MNO readers. My name is Robin Williams and I’m the sole administrator of Pickash.com. I take Pickash extremely seriously by processing all the pending withdrawals once I’m online and answering to all support tickets as fast as I can.

2. Can you also tell us a bit more about Pickash itself? How long have you been in business? Are you running this alone or are there others involved with you? Why did you start the program to begin with?

I am the only one who manages Pickash and take upon myself all the duties to provide everyone with the best service I can. The name Pickash was always stuck in my mind and it’s a short for “Pick Cash” so that’s how I thought about this name for the project.

3. Please explain the investment plan to us in detail. What are the minimum and maximum amounts accepted? What rates of interest do you offer and how long does it run for?

The minimum investment about is $5 and the maximum investment amount is $12,000. Pickash offers its member the opportunity to collect profits constantly by receiving 125% return on their investment after every 5 days.

4. Can you give us any statistics regarding the program? Particularly in relation to the number of members, the amounts paid in and out, and to which payment processors.

Pickash currently has over 1080 members with over $100k deposited in just 5 days. I consider this as a very promising start for the project.

5. I have to say I find the stats a little hard to believe, especially considering the current state of the industry. A quick look through the monitors you use and the information they have would seem to suggest that the numbers are highly exaggerated. How do you respond?

Figures are completely real and I never fake stats. I spent thousands of dollars for the advertising campaign of Pickash and you can see the results by watching the growth rate everyday. Pickash gets stronger and bigger from day to day and I am very glad and happy about it.

6. If a reader wants to join Pickash then what payment processors are you using? I see you are awaiting verification from SolidTrustPay. Should you have gotten that before opening? When (do you think) we can expect to see them added?

Pickash currently accepts LibertyReserve, PerfectMoney and StrictPay. I might add SolidTrustPay as well in the future however I am not sure of that, and you know why. Jealous people might complain to SolidTrustPay and I don’t want this to happen so I think the best thing for Pickash is to always stick with LR, PM and SP. It’s 100% safe from jealous people this way.

7. Speaking of payment processors, what exactly just happened with AlertPay? The blocking of an AlertPay account can often spell the end for a program, so do you either a) think you can carry on without them, or b) expect your account to be re-activated again? Will the addition of STP offset the damage done here?

Of course Pickash continues as usual without AlertPay. Jealousy will never win and that person “Caution” who complained to AlertPay and attempted to take Pickash down by doing is simply a sick and mentally-ill person who doesn’t have a life and dedicate all of it for ruining this industry and attempting to hurt promising HYIP websites. I am glad it got blocked before the first payouts on expiry were processed, so it doesn’t affect Pickash‘s growth at all.

8. How highly would you rate the security of your own website? Tell us about your hosting provider and how highly would you rate them as a service provider?

Pickash is hosted on a dedicated server with the fastest speed & highest level of DDOS protection by BlackLotus. Protection is one of the most important things in my opinion and I don’t regret that I spent a lot of money for the security of Pickash.

9. What about your script? Who is the provider? What do you think the benefits of this script are to both the admin and the investors? Are you using SSL encryption?

Pickash uses a licensed Neversay script and in my opinion this is the best & most secured script, the most comfortable and much more preferable than GoldCoders. Pickash has SSL encryption from BlackLotus, yes. As I said before the protection of Pickash is my priority.

10. What kind of customer support do you offer? What is the best and most efficient way to contact you if I have any questions?

Members can simply use the contact form on the website and I will reply to their support ticket as fast as I can.

11. What have been the most common questions, problems, or other support related issues that you have had to deal with so far? Is there anything you would like to address here so that members can avoid having to contact you?

Nothing much, except of monitors spamming me non-stop everyday to add their website to Pickash rate us page, lol.

12. What if any other outside business and investment activities are you involved with? Is it fair to assume that you are a traditional lottery style online HYIP game?

Before opening Pickash I was a forex trader and it was my full time job. I am still trading forex and making good profits with it and I am using the profits I make to sustain Pickash for the longest time possible and make it an extremely successful and popular program among investors.

13. Tell us more about the general advertising and promotional strategies being used by Pickash. In a very competitive market what are you doing to bring Pickash to a wider investment audience?

I have been advertising Pickash on major forums, monitors and blogs and you can see the results.

14. Some people might question the wisdom behind opening a program such as yours at this particular time, given that so many otherwise apparently good short term programs have struggled over the last few months. Are things really going to be all that different for Pickash? Why do you think so?

Definitely. I have enough reserved funds to keep the project online for months to come and once again, jealousy won’t hurt Pickash because I will simply keep doing my job everyday by paying the payouts once I am online. If my target is to make Pickash the most successful and profitable HYIP website in 2010, I know I can do it and nothing can stop it from becoming a leader. Pickash has the highest level of DDOS protection, is safe with LR, PM, SP, and I don’t care about that “Caution” guy who posts fake and nonsense things about Pickash on the forums or on the monitors. because facts speak louder than nonsense, and I will keep paying and paying and doing my job everyday!

15. Are there any plans to develop Pickash further in the near future? Will there be any interesting changes or promotional activities? How are you planning to keep the program competitive in such challenging times?

Pickash will stay as it is, with the same design, plan and payment processors. Once again I am not sure about adding STP because I simply don’t want to take a risk and you know what I mean. I don’t want anything to hurt the program and hopefully the tremendous members’ support everyday that becomes bigger and stronger everyday by reinvesting, posting payment proofs on the forums, voting for Pickash on the monitors and promoting it in the best way possible, will show everyone how much unique and successful Pickash becomes. Thank you Paul for this interview!”

Thanks a lot to Robin for that, and good luck to all the investors choosing to join. Fortunately no harm has come to the members themselves through this latest incident with AlertPay as the funds were still in tact when the account was blocked so hopefully a refund will be made to them in the coming weeks. Hopefully also Robin will show some resolve and not quit now as quite a lot of work has gone into this. Whatever you think about the stats however, the seeming lack of paid posts on the major forums now that the first cycle has been completed would indicate that a lot of the early investors did in fact favor AlertPay. If SolidTrustPay is not to be offered as an alternative then Robin has quite a lot of work in front of him convincing those former AP investors to switch to either LibertyReserve or PerfectMoney and re-invest those refunds back into Pickash once they are made.

It’s true that the blocking of an AlertPay account has often been the death knell of many programs in the past, but fingers crossed this might be an exception due to the fact that it happened so early and before anyone was due a payout.

That’s it for the moment guys but be sure to check back here a little later when I’ll have all the main news stories from the programs covered by my monitoring page as well as the latest installment of MNOFridays where I’ll be discussing some of the less well known and less publicized aspects of the online HYIP industry. So stay tuned for that!

BEWARE! THIS PROGRAM PAYS SELECTIVELY! DO NOT INVEST!

Hi everyone! Just a short update for you this evening as it’s been a quiet enough day for news. I have a recent interview with the admin of a new short term HYI program called OnlineMDT, which was originally reviewed on my blog here.

They’ve been running for almost two weeks now and paying successfully on plans that include 109% after 3 days, 119% after 5 days, and 129% after 7 days. Please note that there had previously been a test plan included but for reasons outlined by the admin below this has now been scrapped If you have any comments of your own about what the admin has to say here (positive or negative) then please visit the OnlineMDT forum thread here.

“1. Hi admin, please start by introducing yourself to the readers of MNO and telling us a bit first about your own role in OnlineMDT and then about your background in the HYIP industry. What kind of previous experience do you have in managing funds?

Hello to all dear members and investors and dear admin of Money News Online. I am Jack Rabins manager of OnlineMDT and I am so happy to answer your question in order to help OnlineMDT be more popular in financial world. As you ask about me and my experience in HYIP industry, I should say that before starting OnlineMDT me and some of my team members have worked in other financial companies and in a long period of time we have gained much experiences which helped us to start our own individual Financial program and let the other members use our experience.

2. Can you also tell us a bit more about OnlineMDT itself? How long have you been in business? Are you running this alone or are there others involved with you? Why did you start the program to begin with?

OnlineMDT Project started on August 9th and after two days we started our online advertising campaign adding monitoring partners. As we started so strongly as a result we attracted high investments and many good ideas right from the first day. And as we saw we were in a good position and we succeeded in starting a good project we decided to work online with our members so we choose Money News Online. And about your second question, we are a group of four people. One of our members acts as online support and of one us works as an Advertisement expert. Myself and the work as Managers and Online Market Detectives. We aim to share our profit with those investors who have money and don’t have time to collect experience to research individual online markets. Risk management is our strategy. Lower profit bring lower risk and at result it brings TRUST.

3. Please explain the investment plans to us in detail. What are the minimum and maximum amounts accepted into each plan? What rates of interest do you offer and how long do they run for?

Investment Plan 1 :: 102%(TEST PLAN)

Interest: 102% After 1 Day
Minimum Amount: 5 USD
Maximum Amount: 300 USD
Period: 1 Business Days

Investment Plan 2 :: 109%

Interest: 109% After 3 Days
Min. Amount: 15.01 USD
Max. Amount: 20000 USD
Period: 3 Business Days

Investment Plan 3 :: 119%

Interest: 119% After 5 Days
Min. Amount: 15.01 USD
Max. Amount: 40000 USD
Period: 5 Business Days

Investment Plan 4 :: 129%

Interest: 129% After 7 Days
Min. Amount: 15.01 USD
Max. Amount: 60,000 USD
Period: 7 Business Days

I think this is so clear and there is no hidden catches. You should know that our first plan is only a test plan and it closes today. Now we have many investors which means proof is no longer an issue.

4. Looking at the ForEx rates on the charts you provide I don’t see anything that could even remotely support the rates of interest you offer. Certainly not for any sustainable or consistent length of time anyway. How do you respond?

To be honest with you it was our designer who chose this chart as a symbol to show our website as a business model. Of course this chart is a real and really works but we have no idea about it. We have some other methods for our investments.

5. Can you give us any statistics regarding the program? Particularly in relation to the number of members, the amounts paid in and out, and from which plans.

In 10 days we have attracted more than 700 members of which more than 520 are active. In the first days more than 80% invested in the first plan (102% After 1 day) but as we paid more and more in the next days investments in the other plans increased and now more than 40% invest in plan for 7 Days and 30% invest in the second and third plans (of 3 and 5 days). The rest invest in first plan just to test our investment plans and experience in these 10 days show us that most investors after receiving their first payment from plan one they try our other plans.

6. If a reader wants to join OnlineMDT then what payment processors are you using? Is there something preventing you from adding other verified options like AlertPay and SolidTrustPay? Do you think your program would be a lot more popular if you did add them?

As we have written in our FAQ page, we support LibertyReserve, PerfectMoney, and StrictPay payment processors. And as you ask about our reason that we don’t support AlertPay or STP, I should say it was going to be a surprise for our investors but as you ask I should announce now that OnlineMDT in the near future will add AP and STP payment processors to our payment methods.

7. How highly would you rate the security of your own website? Tell us about your hosting provider and how highly would you rate them as a service provider?

Our hosting provider is DDOSWIZ who as you know are one of the most reliable teams we know and we believe their security is high. They can protect our website against any attack, and time has proven this to be so.

8. What about your script? Who is the provider? What do you think the benefits of this script are to both the admin and the investors? Are you using SSL encryption?

Unfortunately we don’t support SSL and I can not promise to support this in future either. But about the script, we use GoldCoders Script which many many members will know. We are under license from them and their source code security is high.

9. What kind of customer support do you offer? What is the best and most efficient way to contact you if I have any questions?

By looking at our website you can see many contact details on the first page, it shows that any investor who needs help our has any questions can contact us. Our Live support is at your service anytime, just contact us whenever you need our help. You can use our support form too.

Http://www.OnlineMDT.com/index.php?a=support

10. I see it mentioned that you may soon offer telephone support. If you’ve really been in business for nine years and have 37,000 employees as your website claims, how can you not have a telephone number by now? How long can it possibly take?

There are so many hidden meanings behind 37,000 employees so let us take an example to clear this matter. As I said we are 4 persons who manage OnlineMDT. Me and one other person are Online Market detectives, and to detect the best market to invest our members assets we should contact many many person and search about the best way. The 37,000 are those persons that we are in general contact with during investing from managers or usual employees which can help us with their experiences. We believe that when we can use someone’s experience it means that we are in corporation with each other and so we in a sense employ that person in our project. 37,000 are the ones who help us to make the highest profit from online markets. We are in business many years but our online and individual work has been started only with OnlineMDT. And we promise in the near future to put a phone number on the first page.

11. What have been the most common questions, problems, or other support related issues that you have had to deal with so far? Is there anything you would like to address here so that members can avoid having to contact you?

The most common problem till now from most of our investors is about the Transaction code.
Transaction codes are a security password which you need to withdraw your funds from our website. Many investors contact us that they have lost their transaction code, and always we reply it is enough to send a private message Via Liberty Reserve account which they have invested in our program. As soon as we receive their message we reset their transaction code.

12. What other outside business and investment activities are OnlineMDT involved with? Can we see any independently verifiable proof of these activities and are you licensed by any authority to offer financial services such as you do?

Online Market Detectives Team first of all find any online market and research their activities. The next step is compare these markets with each other and estimate risk of investment versus profit. Each one which is more reliable and reasonable will be selected. Finally for example three markets will be listed at the last step we compare them with each other and rank them. Then we start investing. No one can claim that there is no risk but we claim that we select lower profits to face lower risk of losing our assets in these markets. Low profit but stable is more valuable than high profit at high risk.

13. I can see quite clearly that a lot of the texts on the OnlineMDT website are copy/pasted from a number of other sources. How then do you expect investors to take any of your claims seriously?

If you look carefully you will see that those texts about forex or other online markets are from some other websites. There is no need for us to write some text for ourselves. We write the real meaning of forex which experienced Forex investment Company claim. Experienced investors look more carefully at our activities over the last 10 days, look carefully at forums, ask the monitor admins, read our news articles published every 3 days, read advertisement Updates which go to their email Box. Experienced investors see the realities. Our behaviour is the best advertisement for us. Our honesty is our policy.

14. Tell us more about the general advertising and promotional strategies being used by OnlineMDT. In a very competitive market what are you doing to bring OnlineMDT to a wider investment audience?

If you look at Our Rating Page you will see more than 50 monitors and if you check them you can see that from the start we have added our project in these monitors. From the first day we bought HYIPExplorer sticky listing, we bought 3 banners from Gsmonitor, we put our project on sticky-paid in HYIPbanker, and have added our Banner in many other monitors too. We added MNO too. This process shows that we had a powerful start and in the near future some other changes will appear in our advertisement plans and this is a surprise for readers, and in the future advertisement UPDATEs new changes will send to all of our members and will be announced generally in our forums.

15. Are there any plans to develop OnlineMDT further in the near future? Will there be any interesting changes made soon? How are you planning to keep the program competitive in such difficult times?

Yes, our first plan (102% After 1 day) was a test plan for those investors requiring proof to start an investment in our program. From today that plan will be suspended and any investors choosing our website can invest at higher levels. We put that plan to gather payment proof for our website and now we have many investors who have received this proof and the existence of those investors can be proof enough for the next investors proof.
And lastly we thank you for your great Monitoring website and we should say thanks to all of those members who supported us in the forums, monitors and any place else they could. We will always do our best for them.”

Thanks a lot to Jack for taking the time to return my questions and of course as always you are free to form your own opinions on his answers. That’s it for this evening guys! I have another early train to catch in the morning when I’ll be heading to Bergen for the next week or so, but I’ll still have all the usual daily updates so stay tuned and see you all then!