BEWARE! THIS PROGRAM HAS STOPPED PAYING! PLEASE DO NOT INVEST!

Hi guys! I hope everyone’s weekend is going well so far. Also to my American readers, of which I know there are many, I hope you are enjoying the 4th of July Independence Day celebrations. It’s not a holiday here (London) of course but it being Saturday I’m going to help you celebrate it anyway. I’m going to see a true American hero and legend tonight. Edwin “Buzz” Aldrin who of course joined Neil Armstrong on the first mission to the Moon in 1969, so I’m quite looking forward to that!

But anyway, before I get too far from the point, regular readers will notice that recently I have been taking a look back at some of the longer running programs covered by Money-News-Online and re-assessing them. Today I want to return to what has proved to be one of the all time greats in the world of online investments. It’s called PanaMoney, and let’s be honest, if you haven’t heard of them by now the only possible reason is that Neil and Buzz left you behind on the moon! My original review of PanaMoney is still valid of course and you can read it here. But as I have now been a very satisfied customer of their’s since would you believe last September, I thought it mightn’t be a bad idea to review it again. First of all for the benefit of newcomers to the HYIP business, and secondly to examine the company’s performance over the last ten months for the benefit of those more experienced.

We should start by recapping on the plans, and here we can see the first of many aspects of PanaMoney that separate them from the rest of the HYIP mire. There are several options available to suit the pocket of any investor, indeed depending on the size of your budget you are free to join as many of the plans as you can afford. The first step to getting involved with PanaMoney is to open a an account with them.

The first account you will have is called a current account. It’s free and quick to open. This is the account into which you will be asked to deposit your money. From there you then direct your money into the various different deposit accounts available for you that correspond with the investment plans. Remember that the money you keep in the current account itself earns no interest. It is inactive and only starts working for you after you have decided what amounts you wish to redirect into the plans you have decided are best suited to your own circumstances. I wouldn’t say it’s a feature unique to PanaMoney but they’ve certainly made it look their own and it is very helpful in managing your account, especially for long term investors.

So now that your current account is open, what are your options for splitting up your money? Well that much has remained constant since PanaMoney‘s inception. There are still eight plans, most of which are long term and all of which pay a low ROI, with one short term option intended for you to try out and test the program to see if it’s for you. This is called the Trial Plan and you will need a minimum of $30 to join. The maximum is $49 and it runs for 16 days during which you will be paid 0.5% interest per day on your principal.

If you have gotten past that and decide you’re ready for something a bit more serious, then the first and most affordable option open to you is the Beginner Plan. It’s available for investments between $50 and $99 and it runs for 100 business days during which you will earn 1% interest per day, effectively doubling your money should you wait for the plan to expire. The remaining plans all run for a substantially longer period than this but remember that you can deposit into more than one plan at a time so remember if you like this option but are really looking for something with a bit more of a substantial return, you can leave a few dollars here at the same time.

Next we have the Standard Plan. At a guess I’d say it’s the most popular. It runs for 180 business days and is open to deposits from $100 to $999 in return for which you can expect 1.3% interest per day. That will see you break even after 77 days and finish the term with a 234% return on your principal.

The Intermediate plan sees things get a bit more serious. An investment here will set you back a minimum of $1000. It also runs for 180 business days and will pay you 1.6% interest per day. That will see you break even on day 63 and finish with a total of 288%. The maximum you will be allowed to spend here is $4999.

For amounts of $5000 to $9999 we have the Advanced Plan. That will pay you 1.9% interest per day for 180 business days. That will have you break even after 53 days. As this would be the very upper limit financially speaking for about 95% of MNO readers I have to that 53 business days to get your money back and start making pure profit isn’t at all bad from an investment term that runs for over 8 months (remember there are typically just 20 to 22 business days in a month). On expiry your total interest repayments will add up to 342%. It sounds great I know when you write it down like that but it is still a slow and gradual process that takes several months.

There are three more plans available from PanaMoney, and although the cost of joining them is prohibitive to the vast majority of readers, I’ll press ahead and describe them anyway. If you can’t afford it just skip it, but if you can, well all I can say is that you already know perfectly well what the pitfalls of getting involved in the HYIP industry are and that you need to do some thorough research by yourself before spending that kind of money. From my own point of view, if you had joined them when I originally advised you to do so, you would have made a minor fortune for yourself by now. They have proven themselves more than capable of handling big investment numbers in the time since I started monitoring them and keep in mind that even then they were already well established, having been trading for several months prior to me joining. So for the big time investors out there let’s see what options PanaMoney has available to you.

First there is the Professional Plan. That will cost you a cool $10,000 to join. If you can spare it you don’t need me to tell you to think carefully about what you do with it. But if you like PanaMoney then they will offer you a daily interest payment of 2.2% per day for 180 business days. That will see you break even after day 46 and finish the plan with a return of 396%. If you do have a lot of money tied up in a combination of the smaller plans, then upon those plans reaching maturity it might not be as difficult as you think for many otherwise smaller investors to enter this one. Maximum Spend is $14,999.

PanaMoney‘s Expert Plan starts with an investment of $15,000 and goes to a maximum of $19,999. For 180 business days you will receive 2.5% interest per day, which sees you break even after 40 days and finish with a return of 450%.

I doubt there’s many takers there for simple financial reasons, so there’s probably even less in the final, so called VIP, plan. But for your information it is open to investors willing to spend $20,000 and upwards. For that you will get 2.8% interest per day for 180 business days, meaning you break even after 36 days and have your payments total at 504% on expiry.

One very important you need to remember here is that the interest repayments I have mentioned above are all variable. They can fluctuate from time to time because they are based on real trading. The rates I have listed are the maximum available, but from my own experience the maximum is paid out often enough. But take my examples as the best possible scenario rather than the average one.

The other main point I need to make about the payments is this. Your principal is not locked in and you do have the option to leave anytime you wish. It’s a pretty long term commitment for anyone to make so unforeseen circumstances can pop up for any of us from time to time so in the event that you need your principal back in a hurry then you need to contact their support. You need to keep in mind however that you will be charged 12% for this and surrender any profits. So think carefully. Other than that the accepted payment processors include LibertyReserve, V-Money, StrictPay and PerfectMoney. But if you don’t like dealing with payment processors you can also invest via a bank transfer, which remains a lamentably rare feature in this industry.

On the technical and design side of things PanaMoney really shines. It’s head and shoulders above the competition and to their credit they’ve been this good from the very beginning. The first thing the casual visitor to PanaMoney will notice is the Comodo certificate which guarantees their identity and the authenticity of their website. It’s hosted on a dedicated server, or rather to be more exact it’s hosted across a number of dedicated servers. It’s hosted by BlockDos and long term readers will know the esteem in which I hold them. You simply will not find a better hosting provider in this arena. Does anybody remember any serious downtime from PanaMoney? I can answer that one for you. No. PanaMoney is run by professionals and these things are not left to chance. Their level of protection from DdoS attacks is the maximum available.

There is a completely custom designed script being used here too and it’s been proven to be extremely safe. Other security features include the on screen SRK virtual keyboard you can use when logging into your account. This is a highly secure method of preventing your password from being compromised.

Contact and customer support are available through a variety of popular methods. There is the usual online e-mail ticketing system as well as a contact e-mail address that you can write to directly if you prefer. Nothing out of the ordinary there you might think but there’s more. PanaMoney also provide not only live chat where you can chat with an operator in real time. And if all that doesn’t satisfy you then they also supply you with telephone and fax numbers. Although it’s hard to imagine them getting too many questions, their FAQ page is simply the most comprehensive example of how this should be done. Every conceivable question has been dealt with here, including links to instructions on how to open an account with the accepted payment processors. In fact the overall design of the website can be summed up in one word. Professional. Indeed professionalism is a word by now synonymous with PanaMoney. For an example of this I suggest you read my most recent interview with their marketing director Allen Flank published here last April, and then the previous one from October of last year published here. Let’s just say the man knows what he is talking about.

I’ll finish with a brief word on their business activities. And most of you will know I am highly skeptical about the claims of any online HYIP to be involved in any legitimate outside business. Not so with PanaMoney. I have a small rule that I follow when it comes to these things. Typically I would put the life span of a really really good HYIP at four months with only the very best running for six months. If a program goes beyond six months then I am willing to entertain the idea that they just might be what they say. Or at least there is some form of outside business activity funding the repayments to members. Anyway people with more knowledge of their business than me seem to be in agreement that their story checks out and their documents proving their incorporation and their business license are on display for all to see on their website. I have never seen or heard one shred of evidence to suggest they were anything other than 100% genuine, but of course you are invited to do your own research on that front.

The best endorsement I can give this program though is based on my own personal experience with them. You can form your own opinion of course but mine is based on one simple fact. Since the day I first became involved with PanaMoney in September 2008 they have been a joy to deal with. Their payment record cannot be disputed and I have all the proof I need to continue as one of many very satisfied customers. They’ve never let me down. Never. And that’s not something that can be said for very many others.

So on this American Independence Day I suggest that no matter what country you live in you consider this your financial Independence Day. And consider PanaMoney.

Other news for today.

Let’s start the news section for today with some good news from NovalexFinance – one of the most popular programs now paying 200% after 50 days (all the details about NovalexFinance can be read in my detailed review published here). The administration of the program created a pdf presentation file which all members of NovalexFinance can use to spread the word about the program and share with their friends and relatives or simply keep it to use for future reference. Anyway, such promotional efforts should be greatly appreciated by the members of NovalexFinance as it shows that the company is very serious about their serious advertising approach which surely will bring fruitful results in no time. Here is the latest update and the link to download the NovalexFinance presentation:
“We have uploaded a short PDF presentation of NovalexFinance Inc. which outlines the investment services offered by our company. You can download this document for your own information or send it and/or print it for future reference. Moreover, it can be a great addition to your affiliate efforts. The presentation is available in the following URL: http://www.novalexfinance.com/presentation.pdf“.

It seems InvestiMates (reviewed here) is growing pretty well and at the moment of writing has over 1,000 members depositing over $91,000 in total. The program has been running successfully for 4 weeks now offering 10% for 12 days (120%) with daily payouts and 12% for 12 days (144%) with payouts on expiry. It appears the program is not going to stop anytime soon as I can clearly see the admin’s efforts of constant improvement. Yesterday I received another update from RogerMiller, the admin (interviewed here) informing me about implementing the feature of upgrading your account from your account balance instead of using payment processors which will save you a good amount on fees. Also the number of withdrawal requests you can make daily was increased from 3 to 5. All this clearly indicates the good financial condition of the program to me. I would say that InvestiMates exceeded all my expectations and considering it’s just an investment game it’s going just superbly well. Here is the latest update from Roger:
“Hello Mates, This is your admin Roger Miller of InvestiMates sending you this e-mail to announce some updates on our program and to let you know what changes we have made to make InvestiMates better.
To start off the weekend, I have added what many members requested me to add since the launch of our program. You can now make deposits using your withdrawable account balance. This reduces your waiting time if you plan to reinvest your cashouts again. You do not need to wait anymore for a cashout to be processed because you can make a deposit directly from your balance. It saves you some fees too, which is a great thing.
Another thing that I have changed is the number of allowed cashouts per day. This number has been updated from 3 to 5 cashouts per day. This again has been requested by our mates. I found this actually a needed change because just imagine if you have deposits using all payment processors (we currently use 4 processors), 3 cashouts per day was really not a good number of cashouts so 5 should not add too much work for me when processing cashouts so I didn’t mind making it into 5 cashouts per day.
InvestiMates is really growing at a good rate! We are close to having 1000 members now and we are at our 27th day of being online. With over $84,000 total deposits from the time of writing this e-mail.
During this 27 days of being online, members received their cashouts in a quick, if not, in a timely manner and I must say that I owe it to those happy with the program, that this program is succeeding.
Maybe I should shut up now and let you have a great weekend. Again, I am always at the forums whenever I am online. So see you there and use the contact form if you need any help.”

I’m glad to report that another weekly batch of payments from SazaInvestments (reviewed here) has been processed on Friday of which the administration promptly informed the members:
“All withdrawal requests has been completed. Next payments will be on next Friday, when will be our payday again. Thanks again for all your support.”
I would like to add that tomorrow you will be able to read a detailed interview with the admin of SazaInvestment company addressing all the questions including quite controversial topic of their allegedly forged incorporation certificate which still can be found on the site. But apparently SazaInvestments decided not to wait until the info became public and sent an email to the membership explaining the current situation with their legal status. Here it is:
“Many members were asking us about a phone number, address and about the certificate on our site. We are in the process of moving the entire company to Dubai and that’s the reason for not offering an address or phone support yet. Many of our businesses interests are connected to Dubai and they also have a more flexible policy which will allow us to make more profit. All the papers for Portugal were made by an intermediary company for us and we never did had a problem with them till now. Many of you told us that our certificate is not good. Nobody told us that until now. Anyway, it won’t be the case anymore as we are moving to Dubai and the process of moving started couple of month ago already. As soon as the movement will be completed we will post on our site the new certificate, our adress and phone number. Also we will start to offer bank wire deposit option too. Anybody will be able to verify us online or offline without a problem. We hope that this will stop the rumors who are meant to ruin our credibility. Also we did our research and we’ve noticed that many of those who are doing this are from Romania and Moldova Republic from where the ddos attack on us came too. So we asked our security team to block in few days these two countries. All members from these two countries who already invested with us will be asked to provide us papers for verification and their own IP’s to can access our site after this. We hope this will protect our program more. Our program is safe and stable and we are doing our best to make all our members happy all the time. Thank you all for your trust in us. Best regards, SazaInvestments Team“.

It seems that the admin of XagaEnterprise Kevin whose site was shut down after the alleged spam attacks was too hasty in announcing his new site being launched on another domain. It’s not loading for me now but I believe soon we will see the reborn XagaEnterprise as promised in the latest email by the admin:
“Hi Everyone, I can’t wait much longer. Xagaenterprise.net has been created. Doris from HushHosting is working on new XagaEnterprise website.
XagaEnterprise will reborn.
Stay update for more news… Thank You.”
Unfortunately, the situation surrounding VentureFundsGroup and LloydFunds which were also badly affected by this problem remains unclear to me. The admins didn’t say anything in their emails and the sites are still down. I guess all we can do is wait for a little longer and soon we will know more.

Surfing4Roi site finally published the real reasons for their closure after just 46 days online. As far as I know many members have been refunded some percentage of their loss and I would really say a big thank you to the admin for his honesty as very very few of the autosurfing programs are doing this after they close. As you know I intended to interview the program’s admin Francesco next week but unfortunately it’s not going to happen. I’m pretty much in agreement with the admin’s opinion about the bad timing now for autosurfs in terms of all the scamming admins and non-supportive members as a result. I think these thoughts should be thoroughly discussed and thought-out as they were given from an insider of an autosurf industry. I will try to give you some excerpts below as the update is too long to be published in it’s entirety:
“Hi, as you have noticed, we issued refunds. The matter is simple: game is over.
But, of course, we are here because we think we owe you an explanation, since you did never ever expected this now.
First of all, and believe us, it has been a miracle that Surfing4Roi lasted for 46 days.
Surfing4Roi already run the risk to close 2 times.
We are afraid to say that Surfing4Roi became a pure game just after 10 days.
This was not in our original plan, as we had to play with your money in Hyips and Sports Arbitrage.
The homepage introduction was clearly stating this point. I would have had to take care to play in Hyips, whereas my friend would have had the responsibility for betting.
All this didn’t happen…Why? Simple, insufficient funds.
The combination of the small amount of available funds with the continuous cash flow(but this was of course expected) didn’t make us confident to play(others would have written invest) with your money.
Withdrawing $100,00/$200,00 (fee applied), betting them (fee applied), funding them back to the e-currency account(fee applied)……
The game was not worth the candle. Higher amounts would have allowed us to reduce fees, but this was just a dream, as we never had enough funds(not more than 2000$).
In any case, even if we had more funds, we always were aware that S4R would continue its business only if new funds were coming in. That’s how all Hyips work, without exceptions.
This does not mean this is your fault..absolutely not! But we didn’t have this fault too. We did the maximum we could do and no one can deny this. We were stuck in a bubble, and we didn’t have any other choice.
We brought something new in the Autosurf Industry, but it’s clear it was not enough.
We always replied tickets in less than 12 hours, most of the times in minutes.
98% of pending withdrawals have been paid in 12 hours, most of the times in less than 4 hours.
All this, until yesterday. No one slowdown, no uncertainty.
The approach towards members…this was what was really different between S4R and others.
Now, we have always been aware that someone will call us “scammers”…Sorry, but we’re not and we have a clear conscience.
You are free to negatively judge us, but please don’t throw out the word ‘scammer’. A Failure is different from a Scam.
We decided to close S4R and refund as much as we can. As you know, being turned into a pure game , we don’t have enough funds to refund all members.
Someone had a big profit, someone a small profit, someone a small loss and someone a big loss.
You have to make do with what you have received.
We have come to the same crossroads three times: keep on risking or close and refund. First two times we kept on, last time (yesterday) we decide to close. But one thing is sure: we never run away.
We’re crestfallen and frustrated for how it suddenly ended.
We put heart and soul in Surfing4Roi. Most of you will not believe us, but it was really in 2007 (just ask neversay) when we thought to open S4R and this is not the end we aim at.
We are sure you didn’t expect this, but on the other hand just try to put yourself in our shoes.
Do we had to say “things are going bad” 3 weeks ago? The end would have been the same.
Positive speeches were the only arm we really had. Newsletters and the Special Deposit have literally helped Surfing4Roi to continue and brought a sigh of relief.
As regards the e-mail we sent to those that made one cycle only…. first of all we clearly wrote that we didn’t want to convince you to deposit again, otherwise we would have offered you a bonus if we were so clever. But it was really our intention to understand why you had no more confidence to start a new cycle, what didn’t you like and how was your experience in S4R. We understand that you will probably call us liars. But we want to make clear that it was not our intention to stitch you up, otherwise we wouldn’t be here.
The Autosurf Industry is simply dead now, and this is the main reason. We are sure that if Surfing4Roi was launched in the previous years, we would have surely had more success.
The only way to come again to a flourish Autosurf Industry again, is waiting a new young generation of players. That’s all…”

Another confirmation of the demise of the autosurfing industry came today from the sudden death of EarnerSurfer. I was totally shocked by it and really I could never imagine it would happen so soon! Just yesterday I published an interview with the admin of EarnerSurfer program which seemed to be doing fine at the time and today I have received the first complaints that the program stopped paying. So I have to move EarnerSurfer to Waiting status on my monitoring page and accept that the program is unlikely to recover. This just confirms the point of view expressed by the admin of Surfing4Roi above that the autosurf industry is now in a very bad condition and maybe it’s not an exaggeration to say that it’s almost dead. Investors are probably realizing from the very beginning that it’s just a game and not re-depositing any money to it. Basically hit-n-running. The mentality seems to have changed completely and the golden days when autosurfs lasted for 3-6 months are most likely long gone. Somebody blamed me for being too enthusiastic about the promotion of EarnerSurfer and I can admit it’s true and it was a big mistake. But the program really had a lot of potential and when I saw the program for the first time and said to myself that it might be the next Aggero. Really I thought so. Maybe it was a bit childish and I can assure you that it won’t happen again because I’m not going to accept autosurf programs anymore for monitoring on MNO blog, at least for the time being anyway. The only exception will be made to the programs that will prove that their concept is different from others and can persuade me that their program will not totally depend on new spends to sustain the payouts. The existing autosurfs will of course be kept on my monitoring page but the new programs will be carefully selected and in every review there will be the unambiguous statement about the high risk nature of the program. So from now on I will not be endorsing any autosurf programs and will support only HYIPs because some of them can last to up to 3 years and more. And if you’re looking for such long-term programs I suggest you to have a closer look at such programs as GoldNuggetInvest (reviewed here) or NanoMoneyCorp (reviewed here). I’m currently preparing another article about my Top 5 Recommended program which will be published on my blog sometime next week. So stay tuned for that!

One of the few autosurfs that remain on my list and is running smoothly is YesICanSurf (reviewed here). The admin announced a new promotion today to celebrate American Independence Day. The details of the promotional offer were published in another update sent to the members today:
“We wish a very safe and wonderful July 4th weekend to all our American friends!
To help you celebrate, the first 5 Americans to email support with the first line of your national anthem will earn 3 free adpacks!! Hurry…..only the first 5 will win!
Coming next week: New Midsummer Contest! Watch for it!
We will also introduce a newborn sister site for YES I CAN surf and cycler, with a very special deal for YES I CAN members ONLY!
Enjoy your weekend, folks! Phil and Sarah“.

It seems that SilverLodge did turn into a scam. I have received so many complaints about non-payments that I lost count of them now. Interestingly some people stay quite calm as they received a reply from Dominique to their query but they failed to notice that the email was a standard template reply send to everybody like the following one:
“We are busy to make all payments in time on the 07/01/2009 so it can be on delays with emails“.
Does this email sound familiar to you? Because it’s exactly what three members of SilverLodge forwarded to me. It seems to be a standard reply from Dominique which is kinda meaningless and I don’t really know what he meant by saying it at all. Anyway, since there is still hope that the payouts will resume anytime soon I’ll keep SilverLodge in Waiting status on my monitoring page for a couple of days but I strongly suggest you to hold off from depositing there. As I have already proven in my investigation (published here) SilverLodge was a ponzi-game and not a real investment program and you should be well aware of that by now.

I’m not sure also about the status of AvartesCapital. I had two withdrawals to SolidTrustPay one of which was paid today while another bigger one is still pending. Unfortunately the admin didn’t reply to my email to him regarding the pending payouts so I have to ask my readers if anybody got paid from AvartesCapital today. Please let me know via email or by posting in my ShoutBox as I want to know if the payments are sporadic now or if they are on time

During the last 48 hours I was paid from the following programs: SazaInvestments, PanaMoney, SteadyGrowthInvest, YesICanSurf, NovalexFinance, NanoMoneyCorp, Merchandies, InvestiMates, ElegantMoney, ExcellentProfit, FlipReturn, AvartesCapital, EnscoOffshore, GlobalTraderGroup, GoldNuggetInvest, GeniusFunds, AsianInvestGroup, CoolReturn, Veolex, OilInsider, Treckswana and OnisGroup (the first payment received). Check out my blog tomorrow for the interview with the admin of SazaInvestments!