THIS PROGRAM HAS STOPPED PAYING! PLEASE DON’T INVEST THERE!

Hi everybody! Well following yesterday’s review for ImperialFinances (which is getting a great reaction by the way) I’d like to continue with a review of another HYIP. Not quite as good this time mind you, but not a bad one either and with bags of potential. It’s called CascoFunds and it’s a low rate of interest long term program with your choice of daily or weekly paying plans. It might not be exactly my number one pick at the moment, but I think it’s definitely worth something as part of a diversified portfolio. Let’s see how it works.

Basically there are two plans available for investors to join, but there are several variations then within those plans depending on how much you invest. Starting with what they call the “General Plan”. This offers daily interest payments (which I will get to) and runs for 150 business days. Or if your prefer, 210 calendar days. It’s the same thing, but interest is only paid on business days. The minimum deposit here is $25 which is affordable to most but still a bit high compared to most of CascoFunds competitors. Considering the plan runs for well over six months though, it’s hardly a big deal. The maximum amount you may deposit is $50,000 and your principal will be returned on expiry. And while I personally am not a great fan of compounding, if it’s your thing then the option is provided for you. You will just need to specify when signing up what percentage of your principal you wish to give over to compounding. And finally the rates of interest are as follows. Investments from $25 to $500 will earn you a daily payment of 1.6%, or a total of 340%. Larger investors spending between $501 and $2000 will see a daily payment of 1.8%, or a grand total of 370% by the time the plan finishes. The next two plans are most likely not realistic options for the majority of readers due to the cost involved but for information purposes here they are. Investments between $2001 and $5000 will earn 2% daily or a total of 400%. And finally if anyone seriously thinks it’a a good idea to spend from $5001 to $50000 then you are offered the chance of earning 2.4% interest per day, or in other words a total of 460% by the time the plan runs out.

And so next we have what’s called the “Enterprise Plan”. It’s also a long term plan except this time with weekly payments instead of daily ones. The investment term is the same as the previous plan, 30 weeks which is also 210 calendar days. Minimum deposit here is a bit more ambitious at $200. I know that’s quite affordable to many of you, especially when you consider that it’s for over six months, but I get a lot of e-mails from people around the globe, enough to know that that kind of money represents a major commitment on their part. So a lot might struggle in this one, and people who might otherwise have been interested. Anyway I’m sure the admin of CascoFunds has factored all of this in when calculating his plans. Otherwise many aspects of this plan are identical to the last one. For instance you principal is returned on expiry and you are also, if you wish, invited to set a certain amount of your principal aside for compounding. The rates of interest are as follows. On investments from $200 to $500 you receive a weekly payment of 9%, giving a total return of 370% at the end. Amounts from $501 to $2000 will be reward with a weekly return of 10%, or 400% at the end. And then for those of you willing to spend big, an investment of $2001 to $5000 will earn you 11% per week, or 430% in total. And finally if you have nothing better to do with it, by investing from $5001 up to the maximum allowed $50000 you will be offered the chance to earn a weekly rebate of 13%, giving you a total earning of 490% when the plan closes.

The list of payment processors currently accepted is limited to LibertyReserve and PerfectMoney, and the admin claims all withdrawal requests are processed within twelve hours. And I can confirm that. I am in the daily “General” plan via LibertyReserve and can tell you that all my payments to date were instant. I can’t say for PerfectMoney but can see no reason not to believe this is not also the case there.

Whereas the relatively high minimums may be considered a drawback, one aspect of CascoFunds that is highly positive is the security. They’ve really got this one right from the very start and I doubt we will be seeing too many problems on that front for the programs lifespan. It’s hosted on a DdoS protected dedicated server by DdosWiz who I think by now can be considered a pretty respected name in this business. And the script is licensed by GoldCoders, who appear to have allowed a few small adjustments to be carried out to lend a more unique appearance to CascoFunds. And to crown all of that is the always welcome addition of SSL encryption for your added protection and peace of mind.

So what’s the final word on CascoFunds? I have to say I am largely positive about this one. I won’t say it’s the best new program I have seen recently because it certainly isn’t. But in my opinion it is still well above average. And any flaws that I can find e.g high minimums, limited payment options etc are really nothing that cant be tinkered with over the coming weeks. I’m also not sure that the biggest paying plans are entirely feasible, but as it’s unlikely anyone is going to invest fifty grand I won’t lose much sleep worrying about that one, lol! But even as it is CascoFunds is still a decent enough program and one I think the admin is serious about trying promote and keep alive for as long as possible. And given the fact that it just launched your chances to make the maximum profit from this one are at their highest level right now.

So yes, there are some better ones out there. But if you are already in those, and believe as I do that diversity is vital to earning a profit in this industry, then CascoFunds definitely warrants a place in your portfolio.

Other news for today.

First of all I would like to remind you that there is only 24 hours left when you may sign up and deposit into one of my favorite programs – SilverLodge. I think many of my readers already have used this opportunity and already started to profit from SilverLodge. If you’re not one of them just bear in mind that SilverLodge is going private in 24 hours and will not be open for new registrations for the remainder of the year. Some bonuses are still available for large investors (who deposited $1K or more) but they will also expire in a few hours. So if you haven’t joined or deposited yet please do it within the next 24 hours as all inactive members will be also deleted once the program goes private. Anyway, here is the latest and the last update from the admin Louise (interviewed here) before the program goes private:
“Dear Members, as you know the countdown is on, we have daily 100-150 new members, but that’s not the main point, we will cut in 48 hours everyone who did not invest yet, so talk to your downline, or if ou are still not an investor cut of time is 23:59 GMT on the 15.04.2009 we are proud to say we have a nice and big enough database and investment portfolio to be confident to have the people what we need to make 2009 a success to all of us, once we closed the site will be closed until January 2010, so join now, secure your spot and be one of our great investors.
I hope also you all were having a great holiday, we not really did as planned, but it was still a little time for us and our family.
As also for the last time people remember we give a bonus on investments until the 15.04.2009 what is
10% for investments larger as $1000
15% for investments larger as $2500
18% for investments larger as $10000
20% for investments larger as$20000
this is the final promo we doing so please invest in time to catch this amazing bonus.
For all members invested before the 15.04.2009 you stay as a member and can invest at any time after this date again.
There is also great news, we working with our programmer on a solution to make deposits from the account balance possible this should be possible within the next 24-48 hours.
Even better news for every investor higher as $5000 in total investments, we will send you a free SL Master Card, please wait for our email about this if you are one of these investors. Have a good week.”

The very new but already very promising program ImperialFinances which I just reviewed yesterday (read my review here) announced the implementation of SolidTrustPay into their system which resulted with the six most popular payment processors accepted by this wonderful program. Moreover, the admin of ImperialFinances created a poll on the site where you can vote for possible daily plans which will might be introduced soon. The admin though told me that those plans will be only available after the first payouts on expiry are processed (I’m talking about 115% after 10 days plan) which I consider a quite reasonable timeframe for him to prove that his intentions are in the best interests of the investors and of the program. With such sustainable plans like 115% in 10 days, 135% in 20 days, 160% in 30 days and 35% for 4 weeks I’m sure that ImperialFinances are destined to have a bright future ahead for the next couple of months. Here is the update from the admin of ImperialFinances for your attention:
“Hello everybody, And HAPPY EASTER. I hope you had a great day and you still spend your time with family and close friends. It’s time to become good and forgive all mistakes. I had a great time with my wife and kid, but tomorrow I must go back to work.
Because I don’t like to write long newsletters I will keep this as short as possible. I have to tell you in this newsletter about 3 important things:
1# Our SolidTrustPay account has been verified
2# ImperialFinances review has been published on Money-News-Online Blog
3# New investment plans are coming. Why? You will see below.
Now let’s have a closer look at them all.
1# I have uploaded paperwork from my STP account last week. But due to some unexpected events (DDOS attacks on STP), ImperialFinances account has not been verified. So I decided to talk with their live support about this issue and guess what: account was verified in a couple of minutes. STP has been implemented in our system (was tested too) and is now safe to use.
2# ImperialFinances review has been published on Money-News-Online BLOG. It’s an awesome review, you should definitely read it.
Here is the link.
3# And the most important thing for today. I read some suggestions on DTM forum about adding a new plan with daily payments. What can I say? I have talked with my team and here is the verdict: ImperialFinances could have 1 or maybe 2 new plans with daily payments. ImperialFinances manager suggested these plans:
– 1% daily for 5 days + principal returned :: total 105% in 5 days
– 1.5% daily for 30 days + principal returned :: total 145% in only 30 days
In my opinion, we (ImperialFinances team) can sustain these plans for a long time. Return of investment is more than reasonable, not like a simple hyip game.
But, YOU WILL BE THE ONE WHO WILL DECIDE WHAT WE DO NEXT. I’ve created a poll for this and you are invited to vote, because your vote matters.”

It seems I was in too much of a hurry to put CashExplosive (reviewed here) to Waiting status on my monitoring page but (I know you will agree with me) that it’s better be safe than sorry. The payments were delayed but today they were all paid and I have returned the program to Paying status on my monitoring page. I have a suspicion (though I can’t prove it) that the admin of CashExplosive are behind some other scamming programs so please be cautious with him in the future and only spend the money you can afford to lose. But as I have said already CashExplosive is now paying and I’m glad that the admin finally realized that delayed with payouts will put an end to his program. Moreover, he finally answered my questions for the interview which I sent to him several days ago and I’m going to publish it on my blog tomorrow. Remember though that the payouts in CashExplosive are made on expiry now and it’s 144% after 12 days of surfing so plan your investments into the program accordingly. Here is the latest update:
“It was a FANTASTIC Easter week, isn’t it?
Many have ruled us out for failure because we change the withdrawal plans to Cash-out upon expiration, even some of my monitors where worried and think we are gone, when I saw the reaction of most members on this issue, I laughed (A man who doesn’t trust himself can never really trust anyone else), I told you from the start that we are here to stay and make a difference in the Autosurf industry, all I need is your trust and a chance to proof we will grow to a great success if we work as team.
All cashout requested have been completed except for the LibertyReserve request, this is due to down-time with LibertyReserve website.
All paid members should Please visit one of our below forum / Monitors and cast a vote for us.
All free members should please upgrade their account within 6 business days or will be deleted from the site.
Happy Surfing, and thanks for all your support towards the growth of CashExplosive.”

Unfortunately I can’t say the same encouraging news about another surfing program ProjectSurf. The site is still experiencing some difficulties and many members cannot load it at all. Although it was announced by the admin of ProjectSurf Frankie (interviewed here) that the site in the process of transferring to a new server by HushHosting the payouts are yet to catch up and I myself have the latest pending from 05/04 which is already more than nine days in pending status. I therefore can’t move ProjectSurf program to Paying status yet until the admin catches up with all the payouts. I wish him the best of luck though and I will watch closely how the situation will unravel in the next couple of days. One of the pendings was received by me last night though and many other pendings were paid to others so I think the admin has some good intentions of reviving his program. The question still remains the same though: will ProjectSurf survive? This is the latest email from the Frankie explaining the reasons for the delay and the issues with the server:
“Hey everyone, I hope everyone had a good weekend…
I opened up a new thread for IP issues and other issues not being able to access the site. Please post your issue there if you cannot access the site after TONIGHT. HushHosting is transferring us to a new server so that we do not have any Panama issues. The reason why people are having some issues is I am always under a DDOS attack by jealous people and all nearby IP address’s are usually banned to migrate the attack, but now I have a solution and everyone will be able to access site with no issues. I have a thread open in my forum so please post your issue (under IP issues) if you are still having problems accessing the site after tonight but I am sure you will not have any issues. I am also going to give everyone surf holidays for the entire week and last week because I know there are members could not access the site in those times.
I am sending out payments tonight and will get to everyone’s pendings this week, please be patient. This is a High ROI program and I want to get to everyone’s pendings in an orderly fashion as I have to do them manually to verify each transaction now until I am absolutely certain members can manage their account with the utmost security by not using the same password in other programs. –
I have great plans and I have come this far and I will continue to do my best with this program. There will be changes eventually as I want this program to last a long time but there will be substantial notice to everyone, I will probably due a lower ROI but still a great earning program and when my other projects generate more revenue I will higher the ROI and it will fluctuate as we go along those are my plans but once all these pendings are paid and everyone is Happy… I will do the additional plans with a lower ROI.
I came here with a Plan to be the best and I will do my best to stick with it! All My Best!”

Some payment processors are experiencing difficulties today including LibertyReserve and StrictPay. They both had some loading problems and probably suffered from some Ddos-attacks over the last few hours. I don’t know the reasons for that yet but some on the forums suggested it could possibly be a planned attack from their competitors. I would not be surprised if it was true but I can’t comment on these rumors as I don’t have any proof to these allegations. Anyway, at the moment of writing this the sites of both payment processors loaded fine for me and I even got a response from StrictPay support regarding the downtime and the log-in issues they recently experienced. Here is the explanation I’ve got:
“Our DDoS protection company, Prolexic, is having a problem that is affecting some customers. The problem is affecting SSL traffic, which will affect the login ability to our site. They are working to fix this issue as we speak, so please try to access the site a little later. Thank you for your patience.”

Finally, some good news for those in EwoCapital (reviewed here). The program has verified their AlertPay account and they started to accept the deposits in AlertPay as well.

As usual to finish here is the list of the programs that paid me today: AsianInvestGroup, SilverLodge, ProjectSurf, FinancialProfitsCorp, NovalexFinance, OakCash, GoldNuggetInvest, ComradeFinance, NewDayInvestment, GeniusFunds, MajorBarter, UnionFunds, FlowBroker, Verifield, EnscoOffshore, YenStock, NorthBizz, ImperialFinances, RobusTrade, NanoMoneyCorp, EwoCapital, EdwardBrownInvestments, Nexelim, PanaMoney and CascoFunds. See you on my blog tomorrow!