Jan 8th, 2009 Archives

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WARNING! THIS PROGRAM STOPPED PAYING! PLEASE DON’T INVEST!

Hi everybody! As you know from recent articles I’ve been busy expanding my portfolio recently and have several new programs I want to review for you. I’m working my way through them slowly but surely and today is the turn of NordicMutualFunds. In fact I only joined it yesterday, but already it’s starting to look pretty good.

First of all NordicMutualFunds is a new low ROI program that pays you weekly. It offers up to 10.5% weekly on all deposits starting from a minimum spend of $20 with no maximum. The interest is allowed to build up at a rate of 1.5% daily and then your account gets updated weekly, leaving you with the afore mentioned 10.5%. The investment term is 150 days, but if you think that is too long and for some reason need to pull your principal back out, you will be allowed to do so. A 20% fee applies, and you can only do it after 20 days. Many people welcome such an option. Also for those of you who like to up the stakes a little, compounding is available. However you have the choice of compounding as much or as little as you want, although if you do want to use it, there is a minimum of 5%. There is a good choice of payment processors available too, including SolidTrustPay, LibertyReserve, PerfectMoney, Pecunix, and C-gold. Not all of them that popular in my opinion, but most of you will still find an option that suits you.

The design of NordicMutualFunds is quite good too. I don’t always attach too much importance to design as you know, but when it’s obvious that a more serious and professional attempt has been made, it can often indicate that an admin is pretty serious about attracting the maximum number of investors (who doesn’t want to do that) but also about running a long lasting program. They are using a unique and custom made script. But I’ll also check out their security details in more depth and let you know before making any serious investments here, but for now I can tell you they are hosted on a dedicated server with anti-DDoS protection. They say they are hacker safe and with IP PIN protection. The customer service agent I chatted with was not able to tell who exactly is hosting the site, but said their tech department would e-mail me the details. So I’ll update you on that when I have it.

Some registration details proving NordicMutualFunds to be an actual legal business entity are kept confidential, but are made available to so called VIP members. That would be the investors putting in $20,000 or more, so how about the rest of us just treat it like a regular HYIP for now. I still think though that it is a well organized and managed program with a sustainable long term plan. A great advantage here though is that it’s a new program just a couple of days old in fact, and as it’s also obviously a decent quality one, now is the best time to join. Grab ’em while they’re hot, as they say. Of course please heed the usual warnings about they’re being no guarantees here, and always compare risk to reward, but in my opinion NordicMutualFunds can be a good earner for us all, but even more so for the first ones to join. That will certainly include me. What about you?

Other news for today.

Today was quite a usual day in HYIP industry and it seems there’s not much happening. Of course, the disappearance of three programs: ImokTrade, IntensifyFunds and CadillacVentures for several hours caused many rumors and speculation. But I was sure they would return as they all are hosted by Dragonara and probably experienced some temporary problems. ImokTrade (reviewed here), CadillacVentures and IntensifyFunds (reviewed here) already paid all the pendings and the admins came with some announcements already regarding this downtime.
Here’s from ImokTrade:
ImokTrade, Corp cannot access several hours because database update maintenance. Now our server back to online and you can make deposit or withdraw. Sorry for inconvenience.
And here’s from CadillacVentures which I’m going to review on my blog pretty soon:
Several hours site cannot access for update. Now back to normal. Sorry for this little trouble.

The situation with LargeSum (reviewed here) finally became clear as some of the members received an official reply from the admin of the program William Flanders (read my interview with him here). Here is the reply explaining the recent delays with payouts:
We understand your disturbance and worries regarding the payout delays. The thing is that management of the project has made a mistake when took a decision to lock all the withdrawal attempts for the period of Christmas holidays. The reason was obvious. The activity of most exchangers, banks and stock exchanges was limited within that time, hence the management of LargeSum took a decision to give the support staff some rest and most of the team took a vacation for that period.
So now the holidays are over and the withdrawal function has been enabled again. However, we should notice, the pressure upon the support has increased greatly. Starting from January 6 and till now we are receiving a large number of withdrawal requests, which is much more than we normally get. We surely understand your worries and give you the real reason for the delay. And we admit our guilt, however taking into account the individual approach to the process of completing withdrawals, we physically can’t manage to process every withdrawal on time.
The support service is currently working 24/7 to process all the requests as soon as possible.
And within 2 weeks time, we will surely get back to normal work and payment schedule. So far, we apologize for all the delays and assure all our investors, the normal payment schedule will be restored as soon as possible.
We hope to your understanding and look forward to further cooperation.
Mail us anytime, the address is support@largesum.net, support@largesum.com or support@largesum.biz. You can also contact us in the Livechat, available on our site. The buttons are on every page of the site.
You can also contact via ICQ 474267607 or MSN michaelgrinner@hotmail.com

Of course I can’t list LargeSum as Paying on my monitoring page until everybody is paid in full. But at least there is some progress we could see from the admin’s side. I appreciate the honest approach and I’m starting to see some paid posts on the major forums. So I really hope LargeSum will be able to continue as usual after this Christmas crisis. But for now I would advise you to hold off from depositing in LargeSum. Please also report me if you had received your pending payouts from LargeSum already, it will be a great help for me to continue monitoring it!

Despite all the cursing and ranting from HYIP.com, StableProfit (reviewed here) resumed the payouts to all the members last night on schedule. All the members are being paid to their LR accounts instantly and the admin of StableProfit Eugene told me that he’s planning to implement SolidTrustPay and StrictPay to the script by the beginning of February. I have already sent some questions for an interview to Eugene and will publish as soon as I get a reply. Here’s the most recent update from StableProfit:
We’re here again.
All our employers back to work from today and profits will be paid as usually.
That was great holidays for us and we hope for u too.
1. Your profits for ALL non-profit days exept 1st and 7th of January now avaliable on your account balance! Please go and check it now, hope you’ll be happy .
All these profits paid from our reserve fund, so, from that moment, only our V.I.P members deposits will be 100% protected by us. If there will be any problems with our fund, we will refund our V.I.P members by the standart formula “deposits – profits = refund”.
That happened mainly becouse our reserve fund sum is now lower than all deposited sum.
Please sorry for that, but we want to be totally clear and fair with you.
2. We’ll start transferring our website on new dedicated server soon. We’ll inform you when exactly that happens and provide you all instructions how to minimize website unavailability.
Also, we expecting our unique website layout in later January, to provide you better flexibility and usability that was requested before.
3. Our 20$ V.I.P bonus offer now ended. Please notice that.
4. When our NY Special plan ends, we’ll provide you with more deposit plans, just like we’re announced before.
So, stay cool, invest with us, promote us, and earn your profits on the daily basis.
Thank you again for your trust and support, we’re trying to do our best.

Now-Invest (reviewed here) processed all the first requests for the lucky members that made their deposits on the first day of the program’s lifecycle. And yes, I also received my 125% after 5 days. I’m really glad that Now-Invest didn’t disappoint everybody and hope they will continue their good job for the profits of many investors. There’s no need to say that Now-Invest is the hottest short-term program now having more than 1,000 members just after their first 5 days online. I hope that the admin of the program will reply to my interview questions soon so I could publish it on my blog. I’m sure that he will take this opportunity as well to promote his program.

I got paid today from the following programs: InoFund, Youmilex, ResidualForexIncome, W-MTFund, Mountain-Mining, MutualForexFund, ANOI, AggeroInvestment, GoldNuggetInvest, BestFXWorld, NanoMoneyCorp, QuickYield, Olympex-Group, MajorBarter, StableProfit, GrandTrade, URInvest, EmeraldProLtd, EliteFundGroup, Profitower, 2008-N, NoRiskInvestment, BrainManagement, CapitalCorpex, SilverInvest, ImokTrade, CadillacVentures, Giant-Investment, IntensifyFunds, Now-Invest, FXOIC and NordicMutualFunds (the first payout has been processed).

This is the new program I started monitoring today and it’s called TradeContract. In all fairness I must say that it was a mistake not to notice this one before. The site of TradeContract started about 7 weeks ago and is promoted on various HYIP monitorings for more than a month. So we should assume that the first payments from TradeContract have been received already. By the way, the plans are quite profitable and are: 112% after 10 days, 130% after 20 days, 150% after 30 days. Only LibertyReserve and PerfectMoney are accepted by them. The payments are not direct though and you should register on the site to be able to deposit or withdraw funds. TradeContract is using the famous GoldCoders script and is hosted on a top-notch dedicated and DDoS-protected server by BlockDos. So in terms of security and reliability for online investors the program can pass our test with ease. I checked the forums and found out that all the investors are quite satisfied with the program’s performance so far too. More about TradeContract can be read in my follow-up review of the program that will be published on my blog soon! Stay tuned and see you tomorrow, guys!

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