Today I would like to review BlueBorgartFunds program that was launched just a couple of days ago and has already become the subject of controversy and speculation. Before talking about these rumors let’s first take a look at the actual site and describe its main features.

BlueBorgartFunds accepts LibertyReserve only and the minimum to invest is $10. Here are the three plans on offer:
1) 11% for 11 days with direct daily payouts (so you will receive 125% on your deposit in 11 days).
2) 155% after 20 days (there’s no need to request payout here either).
3) 200% after 30 days ( again your payment will be made on expiration).

The design of BlueBorgartFunds is decent enough and it’s hosted on a BlackLotus dedicated server which should provide it with good anti-DDoS-protection. The plans also seem reasonable. But as I have said before I would invest in 11% for 11 days plan only as the other plans are too risky in my opinion. With 11% plans you will be in profit after 10 days and I’m pretty sure BlueBorgartFunds will last for a while.

The thing is the admin of BlueBorgartFunds is probably the same person that ran BlosFinance in September 2008. As you might remember BlosFinance turned out to be a big scam and the admin stopped paying just after 2 weeks.

Well, the first thing that might confirm my suggestion I found on forums. There was something strange about the SSL and if you look into BlueBorgartFunds “WHOIS” you will find out: “SSL Cert: blosfinance.com expires in 327 days“. What does that mean? If you go to BlueBorgartFunds homepage and check their SSL certificate you will see that it is original and issued to BlueBorgartFunds. So you think there’s nothing wrong with that, eh? But why on DomainTools site is it listed as the certificate belonging to BlosFinance? Is it just a mistake? I don’t think so and even the admin of BlueBorgartFunds Merhda contacted me and reported that BlosFinance was a previous client of BlackLotus and that if I want their provider could confirm that info. (Well, I would not have contacted BlackLotus anyway because of their scamming tactics they used with honest programs in the past and their bad reputation). So it appears that the info provided by DomainTools is outdated and it’s very probable the admin is right by pointing this out to me in his reply. It’s possible that they just shared the same IP address and this could somehow influenced the WHOIS records.

But if that’s right and there is nothing wrong with their SSL-certificate why does is it still look suspicious and why do I still believe the programs BlueBorgartFunds and BlosFinance can come from the same admin? Well, I don’t have 100% proof to confirm my speculation but I’ll try to link those two programs in my analysis:

1) SSL-certificate “error” connects those two programs.
2) The same provider BlackLotus (which doesn’t have such a good reputation and I already wrote about them several months ago here) which apparently assigned BlueBorgartFunds program with the same IP address which belonged to BlosFinance.
3) The similarities in the sites plans and direct payouts. The same e-currency: LibertyReserve only is accepted.
4) Some of the text from BlosFinance and BlueBorgartFunds sites are identical. For example, this: “We use various investment strategies and always diversify our investments”.
5) The strongest evidence I can present to you so far that is connecting those two admins is the similar style of writing and the similar grammar mistakes I noticed in the emails the admin (-s) wrote to me. For example, there is no word “cooperationship” in English yet they are both using it. Moreover, the font they were using is absolutely identical, and it’s not the usual default font we are always using. It’s probably Simplified Arabic Fixed font but I’m not 100% sure of this. One thing I’m 100% sure of is that they both have similar mistakes and use the same font which is quite enough for me to connect both of these programs.

Of course, the above-mentioned things don’t mean that BlueBorgartFunds will last less than BlosFinance. Quite on the contrary, I’m sure that it will outlast its predecessor because the first investors will be aware of the things I described in my review and will think twice before investing. So the admin will have to run his program for a longer period of time just to attract some more money into it. I would not risk the 30 day plan though. But as far as the 11% for 11 days plan goes it can be recommended to a certain extent. Maybe even 155% after 20 days plan will be profitable for you if you risk your money in BlueBorgartFunds game.

Note that these are just my thoughts and I can be mistaken as anybody else. And in reality maybe nothing can connect BlosFinance with BlueBorgartFunds. But for me the evidence presented was enough to be 90% sure that this is the one and the same admin. We should always remember that it’s a very common practice in the HYIP world that an admin runs several different programs at a time or at least after some short interval. Sometimes we are completely unaware of the fact that two or more programs can be derive from the same team.

But it’s one thing is when the previous admin worked hard to achieve some success and ran his HYIP honestly for as long as possible (like the admin of VolcanoInvest for example) and it’s different thing entirely when you scam in just two weeks without ever giving investors any real opportunity to benefit from your program (like the admin of BlosFinance did). I really hope that BlueBorgartFunds will last for a longer time than BlosFinance but let’s just wait and see! I would like to hear something from the admin of BlueBorgartFunds regarding my suspicions in the interview I’m hoping to conduct with him soon and I really hope he has the guts to answer my questions honestly.

Payment processor news.

As you might know the site of AlterGold payment processor is down for two days now and there is no sign from the admin. It’s obvious to me that there’s almost no hope left that AlterGold will ever recover. After a strong campaign that was run by AlterGold‘s competitors and the first sign of decline it became obvious that AlterGold was on the way down. Then I noticed that AlterGold started to delay withdrawals to some clients as recently I received a mail from one of my readers saying that he submitted 20 support tickets for the last month and not one was answered. The majority of investment programs keep accepting AlterGold as if nothing happened and I don’t know really if something has happened as I didn’t get any reply to my submitted tickets to AlterGold support either. So now we can just hope and pray that everything will be alright but at the same time be prepared for the worst. If we consider that such e-currency as e-Bullion that has been online for 10 long years managed to vanish into thin air then what can we expect from AlterGold that was online for one year? Believe me or not, but I try not to keep too much money even in the most well-established payment processors like LibertyReserve because nobody can be insured that they will not close up shop one day. You may argue with me on that topic but the truth is simple: with payment processors the same rule applies as for HYIPs – don’t put all your money in one basket and always leave the amount in any payment processor account which you can afford to lose. I lost a couple of hundred in AlterGold and I hope it will be a good lesson for me if AlterGold will not return. I will continue to monitor the situation closely and report to you on any changes with the situation.

SolidTrustPay recently experienced some problems with cheque withdrawals and many of the already sent cheques can’t be cleared. Apparently the problem was on the side of their cheque cashing agent in the US. It seems their new account wasn’t 100% operable so all the cheques will be returned. SolidTrustPay apologized for any inconvenience caused and hope to resume the cheque withdrawals in the near future.

Meanwhile, there is another strong competitor for SolidTrustPay on the horizon. And I’m talking about StrictPay – this Panama based payment processor made every possible effort to become a competitive and very convenient new payment processor to its members. I just received an interview from the admin of StrictPay and it will be published on here later this week. Watch out for the updates and don’t miss it!

I think you have noticed that there are many phishing emails claiming to be from LibertyReserve asking you to update your account or agree to new terms and conditions. Please don’t believe them and DON’T follow the links in this email. Trust only what you can see on the real LibertyReserve site. If you submit your LR details in any other phishing site you will definitely be scammed and your LR account will be hacked and emptied. Finally, LibertyReserve itself warned its customers about these fraudulent emails on their blog:
“Please note that LibertyReserve DOES NOT send out e-mails. The only e-mails you may receive from Liberty Reserve would be your payment confirmations and sent message confirmations. Always remember that LibertyReserve WILL NEVER ask you to click on any links, to validate your account, or to provide ANY information via e-mail. There is NO WAY to unblock or validate your account by clicking any links. If you have concern whether something came from LibertyReserve or need any other assistance – please contact us via ticketing system (general support) or via live chat (8:00AM – 6:00PM M-F GMT-6).”

Other news for today.

The admin of SilverInvest Louise (read my interview with him here) sent out another update where he pointed out the changing market situation with silver and promised very attractive bonuses for all the investors that will deposit into SilverInvest soon:
“As you are probably aware, silver prices have gradually declined these past weeks and are anticipated to rebound soon. We closely monitor market trends and we believe that the time is right to take advantage of the current market conditions. As such, we want to purchase larger quantities than usual and we are asking for your support. Unfortunately, time is of the essence since our specialists have almost unanimously forecast silver to rise by the middle of next week. We have already notified our vendors to stock for higher volumes by next Monday, as we are counting on your cooperation. Since this special deal will benefit all of us, we are willing to offer an additional 10% on every new investment you make and 15% if your investment is higher than 2500 USD. Please help us take advantage of this rare opportunity, it is a unique chance to maximize your profits.”

The admin of TopProfitWorld program (read my review of the program here) is also on the way with some tasty bonuses for online investors who will make up their minds to deposit till the end of October. Here’s his latest newsletter:
“I would like to present some business figures. Total deposits we have so far are 120K, total payouts 47K and members 448. At the end of September 2008, TopProfitWorld announced 10%-15% bonus and you can find that announcement by click here. I posted this link for your reference so you may know that this is not some kind of alarming bonus however it is routine bonus that we planned to offer at the end of each month.
October 2008 is going to end and TopProfitWorld is again announcing 5%-20% bonus according to different plans.
30 days plan > 5% bonus added to your LR, WU and Wire deposit
70 days plan > 10% bonus added to your LR, WU and Wire deposit
Monthly plan > 20% bonus added to your LR, WU and Wire deposit
If you wish to get this bonus, you need to contact me with deposit details then I will add this bonus to your deposit. This bonus offer will expire after 31st October 2008 and next bonus offer will be at end of November 2008.”

8DailyForever (read my review here) announced a new high-profitable plan of 13% for 13 days for all the investors that are having at least one ad unit in the Phase 1 plan. This plan is supposed to celebrate 5 months online for 8DailyForever members. Well, for me this is an outstanding achievement for an autosurf that is offering the 5% daily forever concept. Note that the plan is limited in time and can be withdrawn very soon. Here are the details of the new plan:
“Just want you to be the first to know that we’ve added a new plan for you to celebrate attaining 5 MONTHS online ! Wow !
Introducing The “Lucky 13″ Plan !
Earn 13% rebates for 13 days when you surf just 8 sites (169% ROI)
Each adpack costs $13
Max allowed is 130 adpacks (or $1690)
Prerequisite : 1″ Phase 1” adpack
This opportunity won’t last long folks, probably 1 week to 10 days only, but because we’re starting an exciting new contest tomorrow, it will surely help you bring in more referrals.”

MegaLido is growing so fast that the site has to upgrade their servers and be offline for a couple of hours today. This is a necessary step to provide for the stability and security of MegaLido site for the near future. Here’s the latest update from the admin Michael:
“Dear members, I want to let you know that we are going to put MegaLido offline for a few hours in a few hours from now. There is some maintenance that needs to be done as the program has been growing a lot and we need to have a stable server for the future, as MegaLido is growing more than ever.
MegaLido will be back online later today, please let your referrals know about this schedule maintance, it needs to be done in order to ensure the longevity and stability of the server so that we will not face any problems with overloading in the future.
I apologize if this will change your daily schedule and I appreciate your understanding“.

Some good news came today from VolcanoInvest admin Rob (read my interview with him here). Giving the fact that AlterGold site is offline it was decided to add another payment processor for our convenience: PerfectMoney. Here’s the latest update from the admin of VolcanoInvest:
“I would like to inform you new PP PerfectMoney was added. To add your PerfectMoney account to your profile contact us.”

I would like to report that I was paid today from the following programs: MegaLido, FastProfitSurf, ResidualForexIncome, Tradelite, Commoditex, GrandEarners, AggeroInvestment, InoFund, PanaMoney, SilverInvest, TopProfitWorld, VolcanoInvest, MaxShare, GoldNuggetInvest, QuantumInv, MutualForexFund, W-MTFund (the first payout) and BlueBorgartFunds (the first payout).

Before saying good-bye I would like to announce a new program that I added to my list yesterday. It’s called ANOI (American Network of Online Investment). The website looks just wonderful and I believe in this case we deal with a program intended to stay online for a long time. ANOI has been running for around a month now and is accepting LibertyReserve, PerfectMoney, c-Gold, AlterGold and Pecunix. The minimum to invest in ANOI is, at $100, quite high for the average investor. It compensates though by the variety of plans you can invest in: 0.8%-2.2% for 1 day, 1.2% -3% for 45 days, 1.6%-3.8% for 120 days and 2.2%-4.5% for 240 days. The percentage depends on the amount invested and on the investment term you choose to lock in your principal. After the completion of your investment term with ANOI you can release your principal with 5% fee. ANOI has a great site with astonishing design, completely customized script and top-notch BlockDos protection. I’m proud that I can list such programs on my site!

See you tomorrow, guys, with another review and daily news from the industry! Don’t forget to subscribe to my feed if you wish to receive my daily updates to your email address daily and always be on the money with Money-News-Online!