01/12/08. Monday News and Updates from the Industry

Hi, guys! This Monday was an eventful one and I have lots of news for you all. And I would like to start with the leading HYIP at the moment, Tradelite. You may be concerned why the site suddenly went offline today but it was done for a good reason. This happened to carry out a full audit of the site and fix a loophole that allowed some hacker to break into some members’ accounts and withdraw their money by the cancellation of the contracts for a 10% fee (which is allowed in Tradelite). The money was then transfered to the hacker’s LibertyReserve account. Sometimes the instant exchange system was used to change the money to LR first and then withdraw it. Anyway, the site of Tradelite has been taken offline and a full security audit is to be done over the next few days. Hopefully the program will be able to continue and there was no permanent damage done. This is the latest from the administration of Tradelite:
“We will be doing a full internal security audit on our system during the next few days and if there was a breach you will receive a full refund.
Due to the anxiety some of our investors feel, stemming from their recently breached accounts and canceled contracts; our Technical advisor Nick, will be doing a systems check, and a full security audit. This will be done in the next few days. Please wait for the systems-audit,- analysis. If there was any kind of breach to our security, we will refund those accounts that had funds withdrawn.”
So hang on, guys! I hope Tradelite will be online soon and they will fix all the security issues they are currently having.

One other site currently down for me is SurfPal. The admin currently processed all the pending withdrawals to AlertPay which is finally back after the DDoS-attack on their servers. I hope the admin will find the solution to this issue and the site will be back online asap. Here’s the latest email from the admin of SurfPal Enrique (you can read my interview with him later this week on my blog):
“Due to AlertPay being down all Day I have not been able to make AP Payments, However all other payments have been made.
Since payment terms are 1 to 3 days this will not effect us or cause any to be late.
I will make AP payments once I can access the site again. Please refrain from e-mailing me asking why your not paid if your user of AP. I will not reply to anyone asking about payments on a processor that is down.
Also if someone was able to get through to AP and made a upgrade I will also have to wait for AP up to confirm that as well.
Sorry for any inconvenience caused by the AP down time.”

Frogress is still offline and I noticed that the site is still hosted on BlockDos i.e. nameservers have not been redirected yet. I wonder why it takes the admin so long to get the website back online but it’s certainly a bad sign that it’s not done yet. With every passing day the chances for full recovery are getting slimmer, especially if you consider that the payouts stopped two days ago. Anyway, the latest update from the admin of Frogress posted on forums doesn’t seem too encouraging:
“Just hang tight guys, wait for my update in couple hours or tomorrow morning. I myself am tired of waiting already.
We will ribbit soon. I am limiting my stay on forums to avoid questions that I cannot answer and so no one gets upset.
Please wait for official update.
I am glad we have loyal members here and they appreciate the work i put into Frogress. There are things we need to discuss in order for us to move on.”

It came as a complete, but not unwelcome, surprise to me when I discovered today I received two pending withdrawals from FastProfitSurf to my LR account. I considered this program dead a long time ago. But the admin of FastProfitSurf Paul can’t stop surprising me and many members were also paid today. I wonder what his next step will be and if he’s going to open another program soon after refunding everybody or continue with FastProfitSurf. We will wait and see!

But who is definitely going to open a new program soon is the admin of VolcanoInvest. Otherwise why would he bother sending out such strange emails to the former members of his program? Here is the email I received from him today:
“We would like to thank you for your patience.
The 90% of the reviewing process is complete. Our Staff is working under Refund Rules at the moment.
On Dec, 3 the Refund Rules will be published on the site and the Refund process will start. Please, do not e-mail us with questions before.”

Yes, sometimes e-mails coming from the admins of online investment programs can be really strange. Like the one I received today from the admin of 2008-N (reviewed here):
“2008-N Investment Co,Ltd Monthly Report(November)
Total motorcycles and ATVs imported 3,214 unites
Average profit from per unit $517.54
Total profit from motorcycles $1,663,373.56
Total profit from other products imported $1,279,483.87
Our Total profit last month is 2,942,857.43”
In my honest opinion the numbers shown in this report are slightly exaggerated to say the least. Who would imagine that the members of 2008-N deal with a huge company with almost 3 million dollars turnover, lol?

The admin of SilverInvest Louise (interviewed here) recently announced very generous special rates for the members who decide to invest within the next few days. Obviously the program needs to raise more money and the admin explained it by the fact that they need to arrange some deal before Christmas. Here is this update:
“Several of you have taken advantage of our special VIP fund offering and I would like to congratulate you for making a sound decision. Your funds are secure and have enabled us to purchase additional silver stock over the last couple weeks.
As we are nearing the end of the year, Dominique and I have decided to accept more investment applications, primarily to take advantage of upcoming year-end silver deals. Dominique has stressed that we can’t miss these opportunities and I have agreed to increase referral levels to 10% to attract more investors. Interested members and referral hunters have 72 hours to take advantage of this special promotion.
Members who have been with us for some time now probably know that I would never extend a great offer without adequate compensation for our loyal members. During the special promotion, you will receive 10% extra on your next upgrade and 20% on upgrades over 2,500 USD.
Please take advantage of my generous offers and enable me to satisfy Dominique’s request by the end of next week.”

I would like to report that I was paid today from several different programs including: Tradelite, AggeroInvestment, TrafficAlmighty, GoldNuggetInvest, InoFund, 2008-N, LargeSum, SurfPal, FXOIC, NoRiskInvestment, SafeAtom, Mountain-Mining, EasyCash24, DailyProfitPond, FastProfitSurf, Youmilex, SilverInvest and URInvest.

And to finish today’s news I would like to announce that I joined another very promising program. Even though it’s the end of the year and we should be aware of a lot of risks involved I simply couldn’t miss such a quality program as EKOFunds that just launched yesterday. The program accepts a wide variety of the most popular payment processors including LibertyReserve, SolidTrustPay, StrictPay and PerfectMoney. EKOFunds offers two main plans with direct payouts: 110% after 5 days and 150% after 15 days. You will be paid to your e-currency account directly within 24 hours from expiration of your deposit. The minimum to invest in EKOFunds is only $5 with a maximum of $50K. Among the distinctive features I liked about EKOFunds include top-notch BlockDos protection, beautiful design and a decent advertising budget as the program has already been joined by many famous monitors. The details of EKOFunds can be read in my usual detailed review that I’m going to publish on my blog tomorrow. Stay tuned and see you then!