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

Hi guys! All looking forward to the weekend I hope? As you may already know I myself have just returned home from my Summer vacation and have quite a lot to catch up with in my mailbox. So for those of you still waiting for a reply, thanks a lot for your patience and hopefully I’ll have the backlog cleared over the next 48 hours.

Getting back to today however, I want to talk about a HYI program I found recently called MetaStocks. Now, it’s not exactly new or anything, but if it originates from the same admin I think it does then he has quite a track record in successfully running long lasting programs. More about that in a moment but first let’s start things off with the plans.

MetaStocks has, according to themselves, four plans available to investors. I’d describe it a little differently though. I’d say they just have the one plan with four variations depending on how much you choose to invest. What’s the difference? Very little actually as only one of them is in any way affordable to the vast majority of online investors. The investment term runs for 5 days and in return for a deposit of between $20 and $5,000 you will be offered a daily interest payment of 23%. That will provide you with a profit of 15% which isn’t bad for days of doing nothing but waiting I suppose.

So let’s take a practical example of how an investment with MetaStocks is supposed to work. We’ll take a nice easy figure of $100. In return for that you should be paid $23 per day for 5 consecutive days. Your principal has also been factored into the payment schedule so don’t expect that to be handed back at the end. That will therefore add up to a total of $115 by the time the plan expires, with your fifth and final payment being the one that puts you in profit. Other options are available to those wishing to sink $5,000 and more into MetaStocks. If that includes you then I suggest you contact them yourself directly.

Currently there are three payment processors accepted by MetaStocks: LibertyReserve, PerfectMoney and StrictPay. Acceptable for an online HYIP. Standard fare without being anything special. And I don’t expect that list to be expanded either as they are online too long at this stage. In addition bank transfers can be accepted as well.

Moving to security MetaStocks is not hosted on a dedicated server but for once that is no cause for alarm. The only other site hosted there is one of the admin’s previous efforts. The now long since defunct but at the time quite good FXOIC. They are also running off the very same customized script as FXOIC, and Merchandies which I also believe came from the same admin. Both of those programs ran quite smoothly and I expect the same from MetaStocks.

The design is quite professional and as one might expect from an experienced admin it’s quite user friendly despite the script being unfamiliar to most casual observers. And a fair degree of support and communication is also available for you in the form of a Live Chat feature (not 24 hours though, but I guess the admin has a life too!). But if it’s not online when you need it then you also have the option of an e-mail address you can contact directly or a ticketing system where you can submit your questions. And if that’s not enough there is a postal address which of course I can’t personally verify as it’s in New Zealand. Wellington to be exact so any Kiwi readers with an hour to spare some afternoon might like to check it out. Personal experience with HYIP office addresses lends me to think there is little likelihood of you finding anything there, but then again as I just said, I can’t verify this one way or another for sure. They also furnish a telephone number you may wish to call.

So what else can I say? I suppose the most obvious thing you could be doing now is to question the wisdom of joining a short term program that’s been online as long as this one. If I didn’t already say so then MetaStocks has been running since last April. An excellent achievement regardless of what happens next but surely one that can’t last forever either. The risk is up to yourself to assess here, after all it’s your own money your spending. But the admin has proven himself capable of running long running programs in the past, so while it obviously isn’t the best time to join MetaStocks (that was last April), it doesn’t mean there isn’t a quick buck to be made here either. Play it sensible and keep your expectations modest. Play it one cycle at a time, don’t get greedy, and you still have ample opportunity to use them to your own advantage.

Other news for today.

As you can see from the above review programs coming from the same admins are not always hard to spot sometimes, especially if they use a similar design, script and hosting provider. But actually you can’t prove anything about them. You can’t just say: Oh! I know that this program is from John or Tim. First you need to prove it and if you can’t your speculation will stay just that – pure speculation.

If you’re experienced enough in this Industry you should have realized by now that at least 80% of all programs online are run by repeat admins. Yes, there is such an occupation as professional HYIP admin. And some people do this for a living. A program appears, is promoted heavily and attracts new inestors, reaches the point when there are more withdrawals than deposits and then dies at that very same moment. Then the admin of that program launches another one and the cycle continues on and on. You think I’m exaggerating? Not at all. It’s a common fact throughout the HYIP industry, it’s just that few investors seem to be aware of it.

So if an admin of a program openly admits that he ran some program in the past (which happens very seldom by the way) does it automatically make him a scammer? Or maybe he is the one whom we can call an honest person after all? Ponder another question: can a program be called a scam if the rules of the game (no real investments, ponzi-scheme, new money pays old investors, etc) were known to you from the beginning? If the invested money doesn’t guarantee you profit would it be fair from the members to blame the admin if they were at a loss? Was it a scam? No, since the rules were known from the beginning and even by making AlertPay transactions you’re explicitly being told that the transactions are final and no refunds would be issued? If you agree with the terms and conditions offered to you then how can you blame the admin for dishonesty and cheating? In my opinion it’s just the same as if you were in a casino or a bookmakers and then blame somebody else that you lost all your money on a bet you placed yourself. Sounds ridiculous, you might say, of course casinos don’t scam and their clients know the risks from the beginning. So the same rule applies to HYIPs like InvestiMates.

If you agree with me in all of that then why did so many investors write angry emails to me asking if it’s really the same Roger who successfully ran InvestiMates for 77 days that now launched another site called InvesTomato. I can confirm, yes, InvesTomato is a real program from the same admin Roger Miller who once again admitteds that the new site is also a game with no real investments involved. So all the money received from the new members will be used to promote the site and pay the older members. It’s simply a ponzi-scheme, or a pyramid. But aren’t 99% of HYIPs total or at least partial ponzies in nature? Yes, they are, but their admins will never openly admit that to you. They will tell you all kind of far fetched stories about their skilled Forex traders and the trading of precious metals because they know that if they told you the truth you would probably go and seek for another site. Another site that lies to you all over again about imaginary investments. That’s why it’s so important to treat all the programs in this Industry as potential ponzies and never lose sight of the following:
– only invest the money you can afford to lose
– don’t be greedy meaning not to compound anyhing before you get your seed money back
– try to attract new members as they are the driving force behing with which the program you’re investing with is kept alive.

I know there will be a lot of negative, or at least mixed feedback here, and that many will be cursing Roger’s new program simply because they lost money in his older one. But that’s how the whole Industry works here, guys! And if you don’t like it then sorry to be blunt but perhaps you’d better leave it for good. But if you do like them you should be more adaptable and try to build your own strategy that will allow you to win. Of course sometimes it’s hard to do and definitely it’s much easier to put all the blame on the admin, MNO blog or whoever else. Blaming anybody else except yourself is always easier than trying to analyze what you did wrong. But the latter is definitely the thing that the winners do. Ask any psychology advisor about what is more productive way of thinking and he will tell you so.

So I consider that topic closed and if you have something to say about it I will be glad to hear your comments in my mailbox abramsonp@gmail.com or in myShoutBox. All I can say about InvesTomato is that I’m impressed with it’s enormous growth during the first day online. At the moment of writing this there were over 700 members registered in InvesTomato with about $60K in deposits. That’s only after 24 hours online. I must say it’s definitely a groundbreaking record for this Industry. At the same time there is a doubt as if all the members joined and deposited on the same day and the growth was so explosive will it affect the future performance that could be badly damaged by hit-n-runners? I knew many programs that started so brightly but finished in no time. I hope InvesTomato will avoid such an unfortunate fate and at least will repeat the success of its predecessor but it’s always hard to predict the outcome. Hopefully Roger will do his best with InvesTomato like he did with InvestiMates and ensure a long-lasting success and profits for everybody.

I’m going to do a proper review of InvesTomato tomorrow. Today I will just outline that the plans remains the same as those in InvestiMates – 10% for 12 days (120%) with daily payouts and 12% for 12 days (144%) with the payouts on expiry. The script is the same Neversay and you’re allowed to invest in increments of $1. The minimum to invest is $5 and the maximum is $5K in each plan. InvesTomato accepts five payment processors including: SolidTrustPay, AlertPay, StrictPay, LibertyReserve and PerfectMoney. It’s hosted on a dedicated server by HushHosting though a different one from that last one that was used in InvestiMates. More details will follow on my blog tomorrow so don’t miss it! Meanwhile enjoy a fair HYIP-game InvesTomato which was announced yesterday by its admin Roger Miller:
“Hello Mates, Our new program has just been launched. Visit InvesTomato. This is our new program. With the same plans and processors used and same referral commission level of 3%.
Again, please visit InvesTomato.
Thank you and see you there.
Regards, Roger”.

Don’t forget that it’s only on Friday (tonight) you can request your weekly 8%-10% cashout from SazaInvestments program (reviewed here). The admin of the program Ricardo (read my interview with him here) recently sent out this important reminder to all the members of SazaInvestments:
“It’s Friday so it’s payday again for us. Please don’t forget to request your withdrawals and do apologize us for the delay in opening cashout button today. Thank you all for your trust in us. Regards, SazaInvestments Team”.
I have already received my weekly payment, by the way!

The admin of FoxiVer program that I reviewed on my blog last night (read the review here) sent out his first newsletter to members. Although the first payouts on expiry won’t be processed for a couple of days the admin seems to be kinda positive about the future of FoxiVer. He is waiting for AlertPay administration for verifying his account before he implements them as the fifth payment processor. I remind you that FoxiVer pays 107% after 5 days, 120% after 10 days, 150% after 20 days and 190% after 30 days. Here is the first update from the admin Jessie:
“Hello dear members, I’m Jessie, and I’m the manager of FoxiVer.
Maybe you’re wondering what I have to tell you in this first Newsletter. I will start with some special thanks, for Paul Abramson, admin of Money-News-Online.
Yesterday, he published FoxiVer review – http://money-news-online.com/blog/2009/09/04/030909-foxiver-review-and-other-news/
All members are invited to take a look, it’s a very detailed and professional review. This is a great way to learn more about Us.
Let me now, share with you how FoxiVer is going, after only 3 days online. We count 135 active members (who deposited) which is great statistics !
More than 70% of money was invested in the 20 days or 30 days plan, and this is really promising. It mean that people are thinking to long term, as we think for a Long and honest life for FoxiVer.
I would add some words about AlertPay integration. I know many of you are waiting for AlertPay. We uploaded our documents 13 days ago and I sent them a ticket 4 days ago. I’m waiting for our AlertPay verification. As soon as it will get the verification, we will integrate AlertPay.
This is all for today, I will update you often, sharing with you new features and last informations about FoxiVer. You are free to contact me if you have any further questions.
Sincerely, Jessie”.

I suggest you to be careful with TenTraders program (reviewed here). It seems that the program is paying well however the payouts are being processed slower and slower. I’ve been paid myself but it took almost 48 hours to process withdrawal requests and some of them are still in pending status. I’m not trying to alarm you or anything. Just stating the fact that the payouts in TenTraders program now take up to 48 (and sometimes more) hours to be processed. It could be either because of a heavy work overload for the admin or because of a lack of incoming funds. Anyway, TenTraders is still paying which is the most important thing at the moment. And here is the last update I received from the administration of the program:
“Hello TenTraders Members, Because of lack of time for sending requested withdrawals and because of the huge number of daily request we changed maximum daily withdrawals to unlimited but please notice only for LR and Pm.
SP and AP maximum daily withdrawal is same $400.
We are processing withdrawals.”

I have been paid from the following programs today: GoldNuggetInvest, TenTraders, OnisGroup, GeniusFunds, WLInvestments, Verifield, SazaInvestments, IncoForex, InvestmentForge, MetaStocks, XagaEnterprise, AimTrust, PreviaTrust, FoxiVer, NanoMoneyCorp, GloriousProfit, CedexInvest (the first payment received), Capitalex (the first payment received) and InvesTomato (the first payment received). Have a god weekend ahead and see you tomorrow with the latest news from the Industry and the detailed review of InvesTomato!