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

Hi everybody! Today I’m looking at a quite interesting, if somewhat intriguing program named after its owner. The man is Hassan-Al-Fadi and I think many of you will at least recognize his name. His program has been advertised on my blog recently. A lot of you have contacted me looking for more information, wondering why the site has a banner on my blog but wasn’t being monitored. Nor was it reviewed. The reason for that is quite simple. As I explained yesterday the admin asked me to hold off on that for a while until he had his SolidTrustPay account set up and verified. Although it hasn’t been added to the program yet, it’s expected to be completed pretty soon so if this program interests you keep an eye on my blog and I’ll update you on that when it happens.

And so to the program. Hassan-Al-Fadi offers one plan but you can modify it slightly to whatever suits you best. I’d call it a short to medium term plan. Short to medium in terms of online HYIPs I mean. You have a choice of joining for a term of 3 weeks or 6 weeks. Here’s how it works. An investment with Hassan-Al-Fadi will cost you a minimum of $20. The maximum amount is $198,000 by the way so somewhere in there is an amount to suit most pockets. You may then deposit for an investment term of first of all 3 weeks. By choosing this option you will be paid a daily rate of interest of 3%. Payments are only made on business days by the way so keep that in mind when doing your calculations. And your principal will be returned on expiry. So if we take a theoretical sample investment of $100 you should see a total return of $145. $45 being your total profit on top of your initial hundred.

What I said above about joining for three weeks isn’t strictly true. The actual plan by default runs for 6 weeks, but you are allowed withdraw your principal and pull out after 3. Staying for the full 6 weeks is (obviously) more profitable, but made more so by the fact that the daily rate of interest now increases to 4% per day for the second half of the term. Again payments are made on business days, Monday through Friday, so always take that into account when calculating your final return. So if we continue with the afore mentioned sample investment of $100, by leaving it in place for the entire duration you can expect a return of $205. That will be $45 profit from the opening period of your investment, $60 profit from the closing period, and of course your initial hundred returned.

As I said on top the addition of SolidTrustPay as a payment option is in the pipeline but for now the accepted processors are LibertyReserve, PerfectMoney, and StrictPay. The strange thing here is that the admin seems to go out of his way to recommend LR and PM. SP seems to be a less welcome option although still accepted. One can only imagine why but as there is no official reason offered for this we can assume it is to somehow benefit Hassan-Al-Fadi rather than you. Payments by the way are made directly to the e-currency account you joined with.

Moving on to some other aspects of Hassan-Al-Fadi, the security is acceptable as far as HYIPs go. It’s hosted on a dedicated server which is always a good start and it’s protected from DdoS attacks. The need for a script has been eliminated by keeping the database offline and, as I already mentioned, making the payments directly to your account. What better protection from hackers is there than to have nothing there for them to hack? There are a variety of contact options available, one of which is not a telephone number, but they do include live chat via a selection of free to use commercial instant messaging providers including Skype, ICQ, MSN and Yahoo. There is an e-mail address for direct access and also an e-mail ticketing system. Two postal addresses are provided including one in Doha, Qatar where investors are openly invited to visit during office hours and another address in the UK used as their registration address. That I suppose is the most interesting aspect of Hassan-Al-Fadi. The fact that they have taken the time effort and expense to actually get themselves incorporated as a registered business entity in the United Kingdom. You can check this out for yourself on the website of the UK government’s companies registrar by entering either the name of the company you wish to check or their registration number, 6850496. Either way you can see the results here.

Does that make your investment any safer? Legitimate companies are closing down across the world every day, but the fact that an online HYIP would make such an effort should count for something here. If nothing else it proves they are serious and unlikely to be out for just a quick scam.

Overall I must say I am feeling quite positive about my prospects of making a profit from this one. The reaction to it has been largely positive from other investors with a lot of good feedback. A few hiccups along the way mind, but nothing that doesn’t happen any busy site. Just remember that because a site does not look like a regular HYIP is no reason to not treat it like one. It’s a slick and well designed professional looking program but remember that Hassan-Al-Fadi themselves (or is it himself? I’m confused now, lol!) explicitly state that there are no guarantees on offer here. So don’t make any assumptions about what this really is, OK? Nevertheless I am quite hopeful that this program has a reasonable future in front of it and that if you get in early enough you will have a better chance of profitability.

Other news for today.

The admin of SilverLodge Louise (interviewed here) reminded investors today that only a few days are left in which you can join his company and counting. After April, the 25th the program will be closed for several months with no new deposits being accepted. Also SilverLodge has further plans to open their online silver shop and setting up live support chat with all their members which will be available hopefully by the first week of May. Please if you have some questions on the plans if you’re interested in investing with SilverLodge, please address them to the admin of the program and not to me. Since I first reviewed SilverLodge (the review was published here) many things have since changed and the plans are now different from what they originally were. This is the latest update from the admin of SilverLodge for your attention:
“Dear Members, we have 4 days to go, and we will close for new members, also everyone who did not invest so far will be deleted on this day, there will be also no extension and this closing is final, so please no emails about this anymore.
We also close on this day also then bi-weekly plan for at least until September 2009 may be longer, you still earn during this time, but you cannot invest fresh money to it, so feel free to join before this date, after will be no way to do so.
We are receiving also hundreds of emails because individuals want to me to change their upline, mostly for reasons to catch refback from some monitoring, once signed up and use a ref link we will not change the referral, so please no emails about this anymore we will just delete without responding such requests.
We are also ordering from our programmer a silver shop. What will be integrated in the site soon, you can then use the credits you have on your account as well than the account balance to buy beautiful silver jewelry from us, also coins for collectors will be available on the shop. I hope the shop is available during the first week of May 2009, so as you see this site getting some exiting changes once we are fully private, we are also considering a live chat with all members on Sundays every 2 weeks and integrating a forum into our script.
Please remember our Bonus is also only valid until the 25th!
Therefore, if you want to catch a bonus the time is now:
Investments over $1000 receive 10% bonus
Investments over $2500 receive 15% bonus
Investments over $10000 receive 18% bonus
Investments over $20000 receive 20% bonus
I wish you all a good week“.

I have to put DukasFund to Waiting status on my monitoring page because despite of the admin’s promise to pay all the pendings on Sunday, nobody’s been paid yet. MuleSurf goes straight to Not Paying status unfortunately. With all her lies about Forex the admin supposedly wanted to win some time to get some unsuspecting investors’ money but fortunately nobody has invested in her scam. I’m really disappointed in all surfing sites currently and I will stick with HYIPs for some time until I find a really good autosurf worth mentioning on my blog.

Finally I got a reply from the admin of VentureFundsGroup Morris. He confessed that the site was hacked and that a more secure site with a different script will be online within the next 24-72 hours. Well, at least it’s a good sign that I have finally heard from him. Let’s hope the site will be online soon as promised.

Some people asked me today if I noticed the frequent downtimes with GoldNuggetInvest site (reviewed here). It was not available for me as well at the time of writing. Well, I can only reply that I don’t know the reason behind those outages but I haven’t contacted Robert regarding this. I don’t find it necessary to disturb the admin by these questions just yet because I know that the program is paying on time even despite the fact that it’s inaccessible sometimes. You know that there are many jealous people out there trying to DdoS any program that can give some competition to them and I know that GoldNuggetInvest is a very serious competitor in this market simply because it’s offering reasonable returns for the investors for more than two years already. And these returns are not backed up by following deposits but rather by a real arbitrage betting business. To find out more about it you can read the comprehensive interview with Robert, which he gave exclusively for my blog here. Then you will understand that with GoldNuggetInvest you have nothing to worry about because it’s really different from others and is offering you reasonable returns on your investments. I can still see no need to contact the admin since the program is paying perfectly well. In fact I got the most recent payment just today.

As you may have noticed on my monitoring page I joined another good short-term program called ProfitROI. It took me a week to watch it and do my research and I must say I was impressed by its performance so far. So after 9 days online I would like to introduce you to it now. It is paying a whopping 25% for 5 days (125% total) and accepts four payment processors: LibertyReserve, PerfectMoney, SolidTrustPay and StrictPay. Since ProfitROI utilizes Neversay script you can deposit in the program in $5 installments. The minimum to deposit is $5 and the maximum is $1000 with 5 deposits allowed running simultaneously. The design of ProfitROI program was developed by LeadCaptureMaster team probably familiar to you by their great work for ImperialFinances program. ProfitROI is hosted on a dedicated server by DdoSWiz so we can assume that the site is fully protected against malicious attacks on the server which can make or break similar programs. As I said ProfitROI seems to be a good pick if you are looking for a decent short-term program but remember that short term and high profits mean also high risks involved so plan your investments accordingly. I hope tomorrow’s review of ProfitROI will help you with that.

By the way, LibertyReserve SCI interface is not working at the time of writing so many programs accepting LR suffered from the inability of the investors to deposit the money automatically. So many admins came out with an idea of temporarily allowing the members to deposit into their programs manually. Here is the latest update from the admin of ProfitROI regarding this:
“While LibertyReserve is having a problem with their SCI, you can send your deposit manually and then submit a new support ticket or reply to this e-mail with the transaction’s batch #.
Send your funds to: U4935558
Memo: your ID at ProfitROI”

The admin of ImperialFinances (reviewed here) also let the investors know about the possibility of depositing into his program via LR manually:
“LibertyReserve SCi systems are having problems today. Until LR fixes this problem, you can deposit manually to our account U9269356 (imperialfinances). Please contact us after transaction.”

CascoFunds (reviewed here) keeps paying instantly but the automatic deposits via LR SCI have been temporarily disabled as well and so the also admin broke the news regarding the possibility to invest manually:
“You can make direct payments to our LibertyReserve account if you have problems via SCI. Our Account is U0897837 (Casco Funds). After investment please tell us the Batch number (support@cascofunds.com) and we will add your funds to your account.”

DimensionalWealthFund which I reviewed on my blog yesterday (read the review here) cleared their system from cheaters and bonus hunters (providing such a bonus was a mistake from the beginning imho) and sent the instructions of how to deposit into his program while LibertyReserve SCI is offline:
“Because no cheater emailed me i had suspended all cheating accounts. I lefted to all cheater just one account (the first made) and i hope now they do not have a reason anymore to try to cheat because the welcome bonus stopped.
I got some emails from members who said they cant deposit with LR because the SCI there is not working. Well, you can all deposit manually with LR if you want and just email me your user ID and payment details and I will add them manually to your account if you want. At least till LR will be ok again that is the only option. Thank you all for your support. I will continue to do my best for all of us.”

Meanwhile LibertyReserve payment system is again having some difficulties but made no mention on their blog regarding these difficulties which can negatively affect many HYIPs. I don’t know why but such an awful attitude has become part of the company’s philosophy and it doesn’t surprise anybody which is not right and affecting the system in a very negative way. I could find only the following update on their blog dated a few days ago:
“Dear Friends, We are proud to announce another wholesaler for LibertyReserve currency. This trusted and reliable exchanger has proven to offer great service and will offer very competitive rates for both buying and selling your inventory.
Other exchangers, as well as individual users are welcome.
Various updates:
– LibertyReserve Premium service is almost finished. You will see the sign up menu soon.
– LibertyReserve is also about to roll out two new services, that are currently not offered anywhere else.
– Our company has been reviewed recently by the largest and most popular newspaper in Central America, La Nacion. In addition to the best company to work for in Costa Rica, LibertyReserve was acknowledged as one of the leaders of today’s electronic currency industry. We will offer scans of the newspaper in PDF format in both Spanish and English (coming later) languages.
We appreciate your continued support, we could not have done it wihout you.
LibertyReserve Management Team“.

Well, we can only hope this new issue with LibertyReserve will not affect too many HYIPs so severely as has happened many times in the past. At least, we should expect some update regarding the recent issue and the way how LibertyReserve is going to fix it and how long it will take.

To finish I would just like to list the programs that paid me today: SilverLodge, DimensionalWealthFund, GeniusFunds, GoldNuggetInvest, UnionFunds, PanaMoney, MajorBarter, CascoFunds, InvestmentForge, FinancialProfitsCorp, NovalexFinance, Treckswana, ImperialFinances, RobusTrade, InfrastructureInv, Hassan-Al-Fadi (the first payment received) and ProfitROI (the first payment received). See you on my blog tomorrow with the review of ProfitROI and more news form the Industry!