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

Hi everybody! For today’s review I want to again stay on the subject of HYIPs. Today’s reviewed program though differs in many ways from the one I introduced yesterday which was clearly the work of professionals. NewDayInvestment however does need a little work and strikes me as a first time effort for reasons which I will get to in a moment. To the admin’s credit however, he does seem like an affable sort, easy to approach and open to suggestion. So I am prepared to give him the benefit of the doubt here as I guess everybody deserves a chance to prove themselves. I made no secret to him of the fact that I have a few misgivings about his program but if he chooses to put these issues to right then his program will definitely go up in the estimation of myself and many other more experienced investors.

And so starting with the plans. Basically there are two plans available but there are some variations in each. First off there is a long term plan that runs for 365 calendar days with payouts made daily on business days, ie Monday to Friday. There are three different levels of earnings available here. For the “Beginner” option you can deposit from just $1 to $100 and earn 2% interest per business day. For the “Adept” option you will need to invest from $101 to $299 and will then earn 2.2% per business day. And for those who want to spend $300 and upwards, you can join the “Master” option. For your investment you will receive 2.5% interest per business day.

If a full year seems a bit long to you and you prefer something closer to medium term then there is something for you here too. Especially as there is no mention of you being allowed to withdraw your principal before maturity in the event of an unforeseen emergency where you might need access to this money. This second program is somewhat less of a risk in this case. It runs for 60 days and also makes payments on business days with the following variations. For amounts from $10 to $200 you are offered a return of 1.1% per business day. And if you’d care to invest anything from $201 upwards you can earn 1.2% per business day.

As far as the plans themselves go they do have some merit. The figures overlap keeping both plans open to the maximum number of investors, and at $300 to get into the highest paying plan, OK, I know it ain’t small change but it’s not an outrageous amount like some programs might ask for. So it’s accessible to the maximum number of investors and offers reasonable returns. Ones that are at least achievable. And I also need to mention that your principal will be returned on expiry in both programs. But now unfortunately I must rain on the NewDayInvestment parade a little and mention the first problem I have with them. Only LibertyReserve is accepted as a payment option and despite still being (for now) the most popular single processor, this still isolates a huge number of potential investors. Particularly those in US and Canadian investors who can more often afford to invest that little bit more than most online investors but who tend not to favor LR. For those of you who have read through the NewDayInvestment site by the way, yes, I know they say they accept PerfectMoney, but in reality they actually don’t. And of course limiting your options to just one processor will cause some obvious problems if that processor ever has some downtime, as has happened with LR before.

Moving on to security, and I have to be completely blunt here, it’s simply not up to standard. And let me make it clear that I have expressed my worries to the admin before writing this review, so he is aware of the improvements I think he needs. The first problem I encounter is their claim to be on a dedicated server when this is clearly not true. It’s on a shared server and the admin explained this by saying his partner is actually responsible for this and will take care of it soon. We wait and see. The second major security issue I see is that they are using an unlicensed script. This was explained away rather frivolously with the claim that GoldCoders would not allow certain modifications to be made to lend a more original appearance to the site. Well I don’t see any significant difference from the unlicensed version and any “improvement” would be merely cosmetic anyway, and in no way worth taking such a pointless risk. On the plus side however is that they are using a secure SSL encryption, so you see it’s not all bad. Customer support is available only via an e-mail ticketing system.

So my conclusion? An average enough program that needs to take some security and payment issues a lot more seriously if it wants to compete with some serious players in this business, the likes of NovalexFinance for example, or GeniusFunds and PanaMoney. These are all quality long term programs being run professionally, making money for their members and taking it very seriously. With a program like NewDayInvestment however, after being online already for seven weeks I would have to rate your chances of making a profit as average. Nothing special unless some changes are implemented.

Other news for today.

Easter is coming soon and many programs are adjusting their payment schedules according to upcoming holidays. So GoldNuggetInvest (reviewed here) sent out another update today where a new payment schedule was announced and other important topics discussed inducing the appointment of regional representatives and changing the official forum of GoldNuggetInvest. You can read more about the exciting plans for the future for GoldNuggetInvest program (certainly the best HYIP for now) in my latest interview with the admin Robert Spearman published here. And for those who didn’t receive this latest update I suggest to read it carefully below:
“As most of you know, the forthcoming weekend is a holiday celebrated by Christians worldwide. To all our members, regardless of faith, we wish you a joyous time and hope that we are contributing to your prosperity. It is our intention to deviate somewhat from our normal schedule; providing us some additional time to spend with our friends and family.
Please take note of the following:
1. Daily Variable Plan Interest Schedule
We will be paying a fixed 2% interest on the following days to those participants in the Daily Variable program ONLY:
a. Thursday, April 9 (combined interest for Thursday, April 9 and Friday, April 10)
b. Tuesday April 14 (combined interest for Monday, April 13 and Tuesday, April 14)
The Weekly Fixed, Daily Variable Rollover and Weekly Rollover plans will continue to be paid at the agreed rate outlined in the plan descriptions. Any tickets or emails which seek to address the interest rates or otherwise will be promptly discarded without comment.
2. Withdraw/Payment Schedule
There will be NO withdrawal requests processed on:
a. Good Friday, April 9
b. Easter Sunday, April 11 (as usual on Sundays)
c. Easter Monday, April 12
If you are looking to withdraw before Easter it is most preferable your request is made on or before Thursday, April 09; although we will accept them as late as Saturday, April 11. The last withdrawals before Easter will be processed on Saturday at 5pm GMT. Out of respect for the GNI team, the sooner they are requested, the better.
3. The GNI/MCF Forum
MCF, the host of our GNI endorsed forum has ceased to exist. We are not aware of the details encompassing the rapid departure of MCF other than its impact on us and our trusted members. As we grow it has become overtly apparent we need our own forum to circumvent any extraneous factors with these unintended consequences. In the meantime we ask you to click on the following link: http://www.asamonitor.com/forum and visit our thread at the Asaforum. I will join the Asaforum as well early next week and will try my best to be around on a daily basis to help you out there, if questions arise other members might not be able to answer.
For those of you who are interested in moderating our yet to be disclosed own forum, please send us your compelling reasons, in a brief (very) narrative explaining why you should be a moderator and the reasons that make you uniquely qualified to operate in this capacity. Send these please to: goldnuggetinvestcs@gmail.com and Todd will be glad to review your applications. Be sure to put in the subject line, “Moderator GNI Forum.”
4. Regional Representatives
We have begun awarding the Regional Representative positions to those persons uniquely qualified to assist those who need it as well as those who don’t. To those who have received this coveted position it is made on the basis of your qualifications and demonstrated willingness to help the program as much as reasonably possible. We congratulate you and thank you in advance for the hard work we know you will do to ensure the continued success of GNI. All Regional Representatives will be introduced to our member base later this month via newsletter. A Representative listing will be also added to our website.
We thank you, our trusted members, customers and clients for your on-going trust in us and look forward to a long and prosperous, mutually beneficial, relationship
A Happy Easter to all of you.”

I must remind you all that the second best program on my monitoring page is SilverLodge which announced about going private in just one week. If you want to become a part of this great program (reviewed here) please register and deposit now as all the inactive members will be deleted from the system once the program does go private. Here is what the admin of SilverLodge Louise (interviewed here) has to say about it in the most recent update from the program:
“Dear Members, as you all know we closing on the 15.04.2009 for new members.
Please make sure you have an active investment before this closing date.
We will delete all inactive members, to make sure only real investors are in our SilverLodge.”

The admin of the most successful manual surf program ProjectSurf Frankie (interviewed here) warned about the admin of MaxShare who he says is tying to steal members’ money in ProjectSurf. Well, it only applies to those who had the imprudence to use the same password in ProjectSurf that they used with MaxShare. So let’s be careful and never use the same password in different HYIP and autosurf programs. Telling about the security is quite an important thing to keep your account in ProjectSurf safe and I’m glad that the admin of ProjectSurf exposed this disgraceful admin in his latest update which was sent last night:
“Hello Everyone, It appears that some members that have accounts with the program maxshare.us have used the same password as their account with ProjectSurf and that sneaky admin at maxshare.us tried to phish other members accounts and is now caught red handed.
I am processing payouts manually and checking each account.. so if you are in maxshare.us please change your password at ProjectSurf if you used the same one.. I am checking all accounts and I have found 3 already that have this admins different AP addresses inside their account. The script is set up so that if a payment processor is entered inside your memebers area it cannot be changed but some members that had accounts with maxshare.us did not have AP accounts so they left that field empty and this sneaky admin put his in there using different e-mails.
This admin at maxshare.us is the sneakiest piece of garbage and he is a scammer… I notice on his homepage some members are in my program are also in his so I would advise that you use extreme caution with this admin… He is a snake!
I am not one to point fingers as I mentioned this awhile ago in a previous update and it took till now to find this scammer and be 100% sure of it.
I would love it for everyone to send this admin a e-mail and tell him what a scammer he is because of this I have to check all accounts manually and make sure that this scammer does not get a red cent from me or my members.
I will be the best out there and I will not let any scammer try to bring my program down or hurt any of my members!
He has the nerve to have a account with me which is now suspended. Please do not invest in this admins program – if he can try and scam the members of ProjectSurf he surely does not care about anyone! –
This only effected members that had an account with MAXSHARE.US and used the same e-mail and password in ProjectSurf and had no AP account address entered in their profile..( but I am on the look-out for all scammers trying to do the same thing if members used the same password in other programs and the admins are trying that too)
His e-mail address is admin@maxshare.us
I will be the best out there everyone… Sorry for this disturbing news but there are scammers everywhere always use different passwords in everything you do online! NO MATTER WHAT! ALL MY BEST EVERYONE…. Regards, Frankie
P.S >>>>I am thinking about putting a Chat Room Module in ProjectSurf… let me know if everyone would like that!!!!”

Those of you using PerfectMoney must be aware that starting yesterday PerfectMoney introduced a 0.5% fee for making internal transfers within the system. As you might know the fees were dropped during the whole year of 2008 and the first three months of 2009. This advantage was one of the major decisive factors which made many members switch from LibertyReserve to PerfectMoney. But every good thing must come to an end eventually and the promotional period when the internal fees were zero is over. Although fairly speaking the 0.5% fee is half that of the current 1% fee currently applied to LibertyReserve account holders. I guess the introduction of this fee will help PerfectMoney to stay competitive with other payment processors and introduce new innovations and useful changes to the system. Anyway, here is the latest from PerfectMoney detailing the reasons behind this unpopular decision:
“Building a successful policy of growth and development PerfectMoney payment system tries not only to offer its clients the innovative opportunities and state-of-art tools to work with the electronic finances on the Internet but also to create a firm basis for PerfectMoney system which includes a 100% liquidity of the system and a professional team of talented managers. However the geography of PerfectMoney is constantly expanding and today the analysts of our company came to conclusion that no fees for internal transactions slow down the development of new technologies which PerfectMoney is going to implement. We hope that our customers will understand us since we have made such a decision following the desire to make PerfectMoney better, to bring more security and professional features to the system to make it more comfortable for online operations. In view of all the items listed above we decided to introduce fees for internal transactions within PerfectMoney. Effective from April 7, 2009 fee for the internal transfers will be 0.5%.
We always do our best to surprise pleasantly and to gladden all our customers, so we have introduced the lowest fee for transactions among our competitors.
Introduction of fees was a serious step for us. Hereupon we became more attentive to the quality of our service and to the heightening of quality standards of PerfectMoney. However nobody but you, our dear customers, can judge better about our payment system. Hence we want to inform you that in section ‘Feedback’ you may assess the work of PerfectMoney and to give your own grades to the each service or division of PM and thus advise us in which direction to move to make our PerfectMoney even more perfect. Thank you for your understanding, our dear customers!”

Another popular payment processor SolidTrustPay announced their Easter schedule as well so be aware that their customer service may not work on Friday and Monday:
“Friday, April 10 and Monday, April 13 are national holidays in Canada. Our offices will be closed. Regular support tickets will be attended to within 48 hours over this time. Please allow sufficient time when planning transactions over this Holiday Weekend.”
Also some important updates are published on SolidTrustPay site about the implementation of a new option called TrustCard which will be implemented for security reasons and which will be compulsory very soon for all merchants and many customers of SolidTrustPay. Here is the full update explaining what TrustCard is and the reasons why it’s going to be iintroduceded:
“SolidTrustPay is proud to announce the release of its revolutionary new security product, the TrustCard!!
Designed to eliminate credit card and bank fraud, the TrustCard will be mandatory for all members wishing to use those options after May 15. Full details can be found in the FAQ area of the STPay website.”
“The STPay TrustCard is a revolutionary new idea designed to eliminate credit card and bank account fraud! With identity theft and credit/bank fraud on the rise around the world, SolidTrust has created their own unique system to eliminate these fraud types.
The TrustCard is an actual card imprinted with 3 codes unique for each member: ID code, Payments code and Secure code. There is NO personal information on the card or anything that identifies your account, so if lost or stolen, it is useless to the finder.
The ID Code will be asked for when calling our support department. The Payments Code will be required when doing any credit card or bank transaction and the Secure Code allows you to change your secondary password to anything you wish at anytime!
Click on Order TrustCard in your members area. You will receive an email confirmation of your order.
After you have ordered your TrustCard, it will be sent to you either via registered mail, FedEx or Canada Post Xpress mail, depending on your location. You will be provided with a tracking number as soon as your card has been processed.
For all members, regardless of location, the cost, including FedEx or Registered Shipping, is only $30.00. Unless you lose your card, you will never need to purchase another one and the cost of identify protection and security IS priceless.
All members wishing to use their credit cards and/or bank accounts to fund or withdraw from their accounts WILL need to have a TrustCard from May 15, 2009 onwards.
Members wishing to fund or withdraw via bank wire or cashiers cheque will NOT need a TrustCard but are welcome to purchase one to take advantage of the Identify and Secure Codes benefits.
The 3 codes on your card are all unique to you and never transmitted over the internet. It is therefore impossible for anyone other than the card holder to have access to these codes. They are used as follows:
1) your ID Code – when calling our support department for assistance, if you are a TrustCard holder, all you need give us is your ID Code. Members without a card will have to answer security questions, answers on their recent transactions and possibly submit new verification documents if necessary.
2) your Payments Code – all credit, debit and ACH / EFT Direct Bank Transfers will require your Payments Code. Credit/Debit card transactions will go through INSTANTLY saving you time AND the Emergency Funding fee !
3) your Secure Code – this code allows you to change your Secondary Password at anytime to whatever you want! Members without a TrustCard will have to wait 24 hours to be issued a new code and provide security responses/answers about their account before being approved for a new password.
ALL merchants will be required to have a TrustCard.
NO OTHER PROCESSOR offers a more secure method of ensuring that only YOU, the true account holder, has complete control over your account!”

LibertyReserve is disappointing everybody again. It’s been up and down all day long which badly affected many programs that heavily depend on the cashflow from this payment processor. There is the latest update on their blog informing everybody that they are experiencing huge DdoS-attacks leading to the inaccessibility of the site in some parts of the world. I can confirm it by checking the accessibility of the site via a host-tracker service. So I guess we should just wait until the DdoSers will be tired of their attempts to ruin LibertyReserve‘s credibility or what is left of it. No offense but such frequent outages whatever causes them cannot be tolerated and eventually this can affect LibertyReserve‘s position at the top of payment processors pyramid. I feel that some changes are coming but will not tell you what I think yet. The situation is really unpredictable and what will be the consequences of this payment processors struggle for position and consequently money nobody can predict. We will just wait and see what happens. Here is the latest update from LibertyReserve:
“We are experiencing a sophisticated DDOS attack. We, together with Prolexic, were able to successfully mitigate the attack, although some users might still have problems accessing our web site. We are working hard to make sure everyone will be able to access our web site. Thank you for your support.”

Apart from 7Inv that turned into a scam (please don’t invest money there anymore) all the programs monitored by my blog are doing well and even despite LibertyReserve outages I managed to get paid today by the following programs: FinancialProfitsCorp, GeniusFunds, NovalexFinance, GoldNuggetInvest, SilverLodge, CashExplosive, NorthBizz, YenStock, Treckswana, OakCash, ComradeFinance, TradeContract, NanoMoneyCorp, UnionFunds, PanaMoney, AcrylicTrade, VentureFundsGroup, MesirowFinance, PrincipalReturn, Nexelim, FlowBroker, NewDayInvetsment,  EdwardBrownInvestment, InfrastructureInv and AsianInvestGroup. That’s it for today and I will see you all again on MNO blog tomorrow!