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

Hi everybody! The first day of July is upon us and I hope your summer is going as well as you hoped. I’m pleased to say that the last number of weeks for MNO have been quite eventful despite the fact that the coming season tends to not always be too fruitful. But despite the summer sometimes being a quiet time for investors there is always, it seems, room for an extra addition.

And today that extra addition comes from an online HYIP called Veolex and I have an interview for you with the admin. His name is Hu and he seems to have quite a contribution to offer. Veolex is a long term program with plans that run for 70 days with daily payments of up to 2.25% or for 10 weeks with weekly payments of up to 17.5% if you prefer that plan. If you like what the admin has to say, you can refer back to my original review of his program published here.

“1. Hi Hu, please introduce yourself to the readers of money-news-online and tell us a bit more about your personal involvement in Veolex. What experience do you have in either handling investors money or in the online HYIP business?

Hello Paul and all readers. Firstly, I would thank you a lot for having this interview with me. Let me start by saying my name is Hu, from California, but with Chinese origins as you surely noticed with my name.

For some years now I have been an investor with online investments platforms like HYIPs, sports betting sites and the ForEx market. I’m one of your readers too for some months now. I guess I learned from you how the management has to be done to keep a site stable. Veolex is my first venture and I guess I will be alone. Why? Because I wish to have Veolex forever. I know, it’s an old dream for all admins and members, but I’m dedicated to Veolex and I will do my best to reach that big goal.

2. Can you tell us a bit about the history of Veolex? How long have you been in operation? If there is anyone else involved, eg an assistant or a business partner, can you tell us about them? What was your initial motivation behind establishing your own program?

I thought about creating my own program since March 2009, then I started to work in May to finally launch it a week ago. I tried to think about all factors and mistakes from others I have seen in the past as member. I’m alone in this project but I had help from my programmer… Also thanks to my hosting (Koddos.com), which spent many hours helping me.

I made the choice to be alone for one main reason. I have my own way of thinking about Veolex‘s future. I mean things like “Stay”, “Stable”, “long term” and I think it’s difficult to find someone today with the same goal, or who will achieve it. So to avoid risks in management I decided that I will remain alone. I’m dedicated to this and will be here whenever a member needs me.

3. Can you now explain to the readers in detail about the various investment plans on offer from Veolex? What are the returns offered, how long are the investment terms, etc? What payment processors do you currently deal with?

Veolex is offering 2 plans. The first plan is based on a daily return of 2% to 2.25% (depending on the amount invested). The duration is 70 days so the total return is 140% or 150%. With this plan, every 24 hours your account will be credited and you can request your payment daily. The second plan is working the same way but with weekly returns of 15% to 17.5%. The duration is 10 weeks, so with this plan your total return will be 150% or 175%. Veolex accepts LibertyReserve, PerfectMoney, SolidTrustPay (verified) and StrictPay soon (I’m going to be verified).

4. Would you agree that the cost of investing in some of your plans is so prohibitive as to isolate more members than it attracts? Online investments of $10,000 to $75,000 are rare and totally beyond the reach of most investors don’t you think?

In theory you’re right. But I decided to think about everything before starting, and as mentioned I would stay with Veolex forever because I’m actually able to generate 50% profit in 70 days using various methods. My next goal for Veolex will be to incorporate it as real company (Real and not simply a fake certificate as I saw so often as did many members in some HYIPs).

Once this evolves, investors with more than $10,000 will doubtlessly be more numerous. But as said, you are right, at this time 100% of investors have invested less than $10,000. I thought about the long term when I fixed the limit. Maybe it might appear not useful at the start, I’m agreeing.

5. How does the whole investment cycle work? If you assume I am a complete newcomer here, can you tell me exactly what I will have to do after I decide to invest with Veolex? What happens between my first deposit and my first payout?

I think the process is really easy. For people who never used a HYIP program before, I can invite you to follow this short guide.

1) You first need to go to either your friend’s referral link or sign up directly at this link.

2) Once all fields are filled out and your account is activated you can now make deposit. First log into your account you just created. Then to make an investment, go to “Make Deposit”.

3) Choose the amount you wish to invest, the plan (daily or weekly) and the payment processor in which you will use. Then click spend.

4) Once this is done you will be redirected to your choice of e-currency to make the deposit. Once done you will be sent back to your account to see your deposit.

5) Each day or week (according to the plan you selected) you will be able withdraw your daily or weekly profit to your e-currency you deposited with. To do this, click the withdrawal Link.

I’m sending requested payments within 24 hours maximum, but usually less depending on if I’m online or not.

6. What about the security of the Veolex website? What steps have you taken to protect both yourselves and members from things like malicious hackers or identity theft? Are you on a dedicated server and how protected are you from DdoS attacks? Tell us also about any other security features.

Veolex is very secure. It’s something very important to me. My site is hosted on a dedicated server provided and DdoS protected by Koddos.com. I’m using a licensed GoldCoder script, working with additional security features like protected folders. (Example: it’s impossible to change something in admin area, all folders are protected on the server and I need three different passwords to access it.)

Another security feature is about payments processors accounts and the payout process. As you noticed Veolex payments are sent manually (by me), so this way I can control everything.

Also, both of my computers have been secured from viruses and spyware. I installed top rated antivirus and spyware software on both.

7. What strategy have you been using to promote Veolex to date? How big a role have existing members played in this promotion? Are you satisfied with the level of growth so far? Do you think it could be improved upon or would you say it is at a manageable and sustainable level?

For the start I just added some monitors and bought some banners on monitors, autosurfs, and now I’m looking to start some advertising campaigns in well-known forums.

Then our referrals system which offers 5% of all investments made by your referrals seems to be working perfectly. Veolex reached 100 members within only 3 days. Actually 234 members are registered already with more than $10,000 in total deposits, which is really more than I expected. Every day, I can see about 20 new registrations now, so I think statistics and development are very good.

8. Maybe you could tell us more now about the outside business interests of Veolex? How are you investing members money? Can you offer any proof either of this income or of your incorporation as an actual business entity?

At this time, Veolex is only an online investment project, but as mentioned, my wish is to incorporate it under a real company to work legally. Currently, I’m putting a part of the money from both investors and myself into some well-know ForEx brokers, sports betting sites (whose methods are no secret and bring good profits everyday). I keep the other part as a reserve fund.

For the moment it’s hard to provide proof about activities and I don’t request you to trust me until I do bring proof about this. The main goal of a real company will be to provide real proof about my activities and to give you more security for investors.

9. What kind of customer service and support do you offer to investors? What are the most effective ways of getting in contact with you is I have questions or problems? Do you have telephone or live chat support?

Since the start I have been offering Email Support, and working to add Live Support (I reported the introduction of live chat cause I want be online a lot when this option becomes available). If you have an urgent problem or just need some assistance then the best way to reach our support is through Email. Within a couple of hours your email will be reviewed and answered promptly.

Currently I don’t have Phone Support, but I plan to add it when the company will be registered.

10. There is a pretty big choice out there for the investor right now in terms of HYIPs so if you had just one thing to say to potential members to convince them to join Veolex, what would it be?

Nice question Paul. Well, I guess that only time will show how Veolex can generate profits in the long term. As explained, I’m an ex-member so I know what members look for; Fast payouts, fast support, and fast managing are mainly researched. I executed all of these rules since the first day and will continue everyday without exceptions.

Veolex isn’t here to bring you big profits fast, but it’s planned for long time, to generate profits with as little risk as possible.

11. Finally, as an admin what would be your professional advice to investors to minimize their losses and be in profit from HYIPs?

Honestly, I’m going to answer this question with my experience as an investor.

The main rule I would apply in the past for my investments, “Do not invest all your money in the same site, but diversify your investments”. In addition, I always invested 80% of my money in long term projects (low roi) and 20% in short term ones (high roi). Why? I think the answer is simple, the “stability”. Personally it’s with this method that I stared to earn.

Then each case is different and each site has to be analyzed before to invest your money. I think blogs like your one can help a lot of investors in their choice; I was a reader so I can confirm it.”

I would just like to say thanks a lot to Hu for taking the time and trouble to respond and must say that I do appreciate the frank and open approach he takes to the online investments business. I don’t think he can be accused of misleading anybody here and the risks of getting involved with this or any aspect of this industry are plainly on display for you guys to weigh up and assess for yourselves. Another thing that’s plain to see is the growth of Veolex as a program so I guess I’m not the only one likes this approach. Hu is of course correct in his opinion that only time and a proven track record will establish the credibility of Veolex as worthwhile project in the long run, but so far he has made a good start and if he continues like he has started then Veolex might just have a bright future.

Anyway, I hope you all enjoyed reading that, and as I have plans for the rest of the day I’ll be back a little later tonight with a second post which will be my daily news update. So stay tuned for that everybody!