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

Hi everyone! Today I want to look at a recently launched short term HYIP that seems to be flying under the radar a bit at the moment. It’s called BlackDiamondPortfolio and despite the plans being quite reasonable, it would appear to be poorly promoted at the moment keeping membership levels a bit on the low side. Let’s see if that might change soon, shall we?

So the plans themselves have a good enough spread as far as short term programs go. There are options that pay the members daily (for one) as well as options that pay on expiry (for the rest) for those who like to take risks. The first one is open for deposits between a minimum of $10 and a maximum of $10,000 so that’s just about all of us I’d say! The plan will run for 30 days and at the end of it your principal will be returned. While you’re waiting for that to happen however you can expect to collect a daily payment of 1.3% interest. So for example if we take a theoretical investment of $100 then one can expect a daily rebate of $1.30. And thirty days later that all adds up to $39 which is your profit, or 39% of whatever amount you started with. Please be aware that you are going to have to request your principal to have it returned (if that is in fact what you want) as there is also the option to leave it with BlackDiamondPortfolio and reinvest it.

The next one is less profitable, pays only on expiry, but runs for a much shorter term. It lasts for 7 days, at the end of which you receive a once off payment of 110%. Pretty straight forward really, invest that same $100 here and get back $110 a week later. That of course includes your principal. But please aware of the increased minimum spend. It will cost you at least $25 to join here but the maximum remains at $10,000.

The third plan works just like second. The accepted investment amounts remain the same, ranging from $25 to $10,000, but a couple of things have changed. First of all the term is now 14 days. The plan still pays on expiry and that payment still includes your original principal, but the total ROI jumps to 25%. So if you were to put $100 in here then you can expect a total payment of $125 two weeks later.

And finally the most profitable plan from BlackDiamondPortfolio. Also the one carrying the greatest risk of course so just bear that in mind before the dollar signs start flashing in front of your eyes like a cartoon! Similar to the first plan, it too runs for 30 days. The crucial difference though is that you will only get paid once, on expiry. Minimum spend is $25 and investments can be anything up to $10,000. Once the plan expires you can expect a payment of 160% should everything go according to plan. Again the mathematics are simple. Invest $100 and receive $160 in return. Or 60% profit plus 100% principal.

The accepted payment methods at the moment include LibertyReserve, PerfectMoney, SolidTrustPay, and StrictPay. Despite the appearance of an AlertPay banner they are not currently accepted by BlackDiamondPortfolio. Although we are assured the process is underway and their account is currently awaiting verification. It’s a process that’s completely out of the admin’s hands so while I wouldn’t like to hazard a guess as to how long it’s going to take, I doubt we’ll be waiting for much longer. If AlertPay is your first choice (my recent reader’s poll indicates it is for many) and you would prefer to wait for them to be added, then please keep an eye on my blog and I’ll make sure you are informed about it on the same day it happens. Otherwise though it’s still not a bad choice of payment processor for what is essentially a very average program. By the way, payments can take up to 48 hours, but you can probably expect them a bit faster while membership remains a bit sluggish.

When it comes to the more technical aspects of BlackDiamondPortfolio like the security and the design I have to say I’m left with somewhat mixed feelings. Ok, the security itself is fine. Koddos, who are a fine service provider, have it under their protection on a dedicated server and it runs off a licensed GoldCoders script. Customer support and communication is offered in the form of an online e-mail ticket submission system.

That’s all well and good but the overall package definitely smacks of amateurism and I suspect either a relative novice if not a complete first timer to be at the helm here. The design is in bad need of a makeover with some glaring examples of why to be found throughout. Look no further than the FAQ page for instance. Apart from making reference to e-Gold (that’s one from the nostalgia file!) they also answer the same question twice. Now I know there is usually a default FAQ page that comes with the script, but it’s for the admin to adjust the text to meet the requirements of the investors and this just looks downright lazy. We are also promised support on “anyone of our supported forums”. But they only list one. And then I see the admin was banned almost immediately from MMG for undisclosed reasons. Mind you I wouldn’t rush to condemn him out of hand just for that. In fact I was banned myself there a couple of years ago for using bad language. A bit embarrassing now but then again I’m not a program admin.

But on the plus side and not to be too negative I should say that I have been paid. And basically that’s the only reason I joined, isn’t it?

A slow growth in numbers (38 after 10 days) can be taken either way. It doesn’t have to be a bad thing but I would have expected better for a short term program. So I guess I’m not the only one being cautious here. As for the business background to the program, BlackDiamondPortfolio claim to be a club with, and I quote, “all sorts of investments”. They then neglect to tell us what any of them are. But as you know I’m skeptical about such things anyway so it’s probably just as well.

The bottom line? It might be worth a few bucks for the sake of diversity. Have modest expectations and you won’t be disappointed. I suspect the admin does have sincere long term ambitions but it will take more than just that to make a success from BlackDiamondPortfolio.

Other news for news.

Today’s main news stories are just flooded with contests and their results. In my reason the only reason for these contests is just to support the program’s cashflow – no more, no less. Of course, it doesn’t mean that a program is on the verge of collapse, just the fact that an admin needs some extra money to keep everything running smoothly. So it will depend from what angle you approach these updates – from a positive side as a possibility to earn some extra money or from a negative side as a warning sign. It can be one way or the other and nobody can predict what will happen with a program that offers contests almost on a daily basis. It’s up to the investors to react anyway!

So the first one to launch a new contest (or should I say contests) today is the admin of FxCapitalInvetsment Greg (interviewed here). He issued quite a lengthy newsletter in which he promised many tempting prizes in different categories for the best promoters and cash bonuses for investors as well. The contests will be over next Monday when the results will be drawn. Here is the full update from them (reviewed here):
“FxCapitalInvestment Contest
FxCapitalInvestment is intended for people willing to achieve their financial freedom and break their way into passive income but unable to do so because they’re not financial experts. We are a long term high yield investment program, backed up by Forex market trading and investing in various funds and activities. Profits from these investments are used to enhance our program and increase its stability for the long term.
Referral contest prizes.
The members with the most ref wins $100
Get 20 upgraded members and win $100
Get 10 upgraded members and win $30
Earn free upgrade bonus
Buy $100-$199 and get free $10 added to your wallet
Buy $200-$399 and get free $20 added to your wallet
Buy $400-$599 and get free $30 added to your wallet
Buy $600-$999 and get free $50 added to your wallet
Buy $1000-$1099 and get free $80 added to your wallet
Buy $2000-$25000 and get free $150 added to your wallet
You can earn one of them by referring new members to the program, by creating a video cast about FxCapitalInvestment and adding it to Youtube or other investment blogs, by helping members on forums, by sending us a review or testimonial about FxCapitalInvestment, by setting up an earning strategy (you don’t need to apply it) and let us know that and by using your creativity to show FxCapitalInvestment to other members. We would like to give out the rewards to Active members who were a big part of our success.
The Contest is open from today Monday the 28th of September 2009 to Monday October 5th 2009. This contest will make you make more money from FxCapitalInvestment. Whether you are an investor or not, you will benefit from this. I hope you will all participate, as there are great chances for all of you to win a prize. Remember that the use of incentives is allowed, as long as you do not spam or you use any other illegal ways of promotion. To make this contest easier for you, we uploaded a friend invitational script which will enable you tell your friends about this program. This is the link.
I appreciate your continued support, thanks for being a part of FxCapitalInvestment and good luck on the contest, I hope you enjoy it.
Your Admin, Greg”.

The admin of CoolReturn program (reviewed here) seems to be in urgent need of more money for their Sports arbitrage activities during the Cricket ICC champions trophy 2009. Sports fans will probably be aware that this is currently underway in South Africa having been postponed from last year due to a terrorist attack on the Sri Lankan team in the original host nation of Pakistan. Sports fans will also be aware that the competition has been in full swing since September 22 so anybody that was seriously gambling on this should really have started by now. Of course, no additional info has been given on how exactly they intend to generate more money from this championship but the terms when you can apply for your 100% deposit bonus is limited to 1 week and so the promotional offer ends next Monday. The special offer by the way lasts until a full 30 minutes after the tournament final starts on October 5. Here is the full newsletter received today from CoolReturn for those of you interested:
“ICC Champions Trophy 2009 is under going with all excitement and thrill for Cricket fans and professional sports betters. We planned this event as special and managed some extra cash to make big profit. Unfortunately due to shortage of funding from our some private partners and associates we have to bring this offer for general public.
Load 10$-5000$ (from LibertyReserve) and get 100% bonus on your deposit.
You can make as many deposits/loads as you wish. After loading send your deposit details via support form for quick bonus update. If you do not send email you do not get bonus.
This offer will expire on 5th October 2009 13:00 GMT
So load before expiry to get bonus. After expiry of this ICC Champions Trophy 2009 bonus offer, routine bonuses will be automatically active. If you load money after expiry then automatically you will get bonus according to routine bonuses mentioned on website home page.
Cricket match is a great event to make big amount due to long duration of match where at each ball rates of both teams is changed. Only professional better will understand how much worthy this tournament is by betting point of view.
Thank you. Administration”.

The admin of BlackDiamondPortfolio program which I have just reviewed is offering the first bonus for the newcomers to his program. So it’s your chance now to earn some promo free money on top of your investment in BlackDiamondPortfolio:
“First Customers Bonus
We had a Bonus running. On any deposit $100 up to $300 received 5% instantly. And receive 10% on anything over $300. Bonuses are added into your plan instantly!”

The admin of SensibleInvest program Sandra (interviewed here) kept her promise and paid 5% of the deposit to the one lucky guy who invested over $2K into her program. I remind you that SensibleInvest offer several investment plans: 115% after 7 days, 135% after 14 days, 160% after 20 days and takes four ecurrencies: AlertPay, LibertyReserve, PerfectMoney and SolidTrustPay. To read more about SensibleInvest program please refer to my detailed review published here. And this is the latest update from Sandra about the lucky winner:
“In the last newsletter I wrote about the contest, in which the prize was 5% of the greatest deposit. User dynamen won, he invested $ 2200. We gave him 5% of $ 2200 = $110 extra! Congratulations! Sandra.”

I now have some disturbing information regarding the performance of SolidTrustPay. It seems their recent plummet in popularity (as you might remember STP surprisingly came only fourth in my last poll about reliable e-currencies) caused some problems with cashflow which in turn delayed payouts to their debit cards. Just this morning one MNO reader spoke to STP support and told me that they were expecting to catch up with all delayed payouts today. But just a few hours later I saw the official post on STP’s blog informing about yet another delay. Now the deadline for SolidTrustPay debit card withdrawals is Wednesday. I really think that there is nothing to worry about but in my opinion such incidents will only accentuate their continued slide in popularity amongst a clientele who will increasingly look towards such popular e-currencies as AlertPay and StrictPay. Hopefully it will make STP think harder (and act!) about improving their services in the immediate future so as not to lose any more customers. It’s just my personal opinion on the current situation. Here is the official update regarding withdrawal delays:
“We would like to inform our members about a delay in Debit Card funds for the week of Sept 21.
Unfortunately a Bank Wire to our Debit Card merchant account was sent incorrectly, and at this point we anticipate that we will recommence loading cards on Wednesday 30 September.
We are aware of the delays and the inconvenience this is causing to some of our customers and are taking steps to to ensure such delays do not occur again.”

The administration of ForexMonk program (reviewed here) took the decision to send daily updates to the members regarding the current status of their program. The program pays 16% for 7 days, 10% for 12 days and 144% after 12 days and keeps growing strong according to the stats that were given to ForexMonk investors today. Here is the latest from the program:
“We would like to welcome all our account holders. Our team decided to send out daily updates regarding the status of our program! We have reached 330 + Members in just 3 days of being online! We have reached more than $6,000+ of deposits and we just processed all batches of withdrawal requests. We have added new monitors for your convenience and also for your reference to the status of our program.
If you have any problems or concern you may contact us and our customer support representative (Amanda) will handle your inquiries.
Our Live support are available 8 hours/day and Email system are guaranteed a 24 hour reply.
All payout for the days has been processed and we look forward to having a smooth ride with you.
Sincerely Yours, Nicholas Anderson. Project Manager and Director. ForexMonk Trading Solutions”.

Some admins really know how to care for members that are new to this Industry and don’t know how to handle their investment properly. One of them is the admin of another short-term program MoneyTurbo (interviewed here). His program is paying 110% after 3 days, 125% after 7 days and 260% after 30 days and for more details on MoneyTurbo please refer to my review published here. Anyway, here are some tips and tricks from the admin which I believe can be very useful for all new members of the program:
“Here at MoneyTurbo we tend to receive a lot of emails with basic questions mainly concerning investment plans and withdrawals. Therefore we would like every member to know these simple but important details.
– Investment plans last for 3, 7 and 30 days with principal paid back on expiry.
– All earnings are evenly distributed within investment period. You start earning on the next day after you make deposit.
– If you want to reinvest your earnings or any part of it you have to go to “Deposit funds” in your member account and choose “Spend from [your ecurrency] balance” button.
– In order to have your earnings or any part of it paid to your ecurrency account you should first put withdrawal/cashout request which is normally processed within 24 business hours.
We hope this info helps.”

The admin of IncoForex program (interviewed here) kept his promise about the multilingual version of the website which will be available shortly. The first lucky members to enjoy IncoForex website in their own language will be Italians. There are two flags now in the top right corner of the site (read more about the program here) and you can choose your on language from them. Here is the most recent update from the admin regarding this new addition:
“Italian Localization Has Been Added
Dear Investors! Starting from today you can view Italian localization of our website which is available at http://it.incoforex.com
You can switch between languages on the top right corner of our website”.

Sadly I had to move MetaStocks program to Waiting status on my monitoring page. Please be aware that investing with them from this point on is not advised. I have lost all contact with admin who didn’t add my PerfectMoney deposit and didn’t even reply to my email for over 24 hours. In addition, I have become aware that many investors are simply ignored when they try to withdraw their money from MetaStocks. Their withdrawals are pending for days and of course there is no reaction from the admin to their complaints. I will give some time before moving the program to Not Paying status on my monitoring page but please don’t invest in MetaStocks anymore.

All other programs seem to be doing really well and paying. And I mean those programs that paid me for the last 24 hours. They are: GainRoi, MoneyTurbo, GeniusFunds, PTVPartner, PanaMoney, Verifield, FlipReturn, Capitalex, GoldNuggetInvest, GlobalFund, CSMFinance, StableInterest, InvestmentForge, ForexMonk, WLInvestments, NanoMoneyCorp, ProfitEx, SensibleInvest, AdsDailyPro, CorpusTrust, CedexInvest, CoolReturn, MoneyCare, InvestRoyal and BlackDiamondPortfolio. See you on my blog tomorrow with the latest news from the industry!

P.S. Almost forgot to thank everybody who already participated in a very interesting poll that is held by my blog now. This new poll is just 24 hours online but I already have 75 votes submitted. Just for your info: I changed the location of the poll so to make it more visible. I have moved it further up the page, just above the Premium program banners and below the list of “top blog posts”. There is no surprise that so far the vast majority of the voters (55%) consider GoldNuggetInvest (reviewed here) as their favorite program – the program will celebrate 3 years online in less than a week and certainly deserves the top spot it has now. GeniusFunds (reviewed here) is coming second with 29% of the votes. It’s also quite good support for the program that has been online for over 1 year already. Other programs from my Top 5 are gaining significantly less votes with 3% given to PanaMoney (reviewed here), NanoMoneyCorp (reviewed here) and SazaInvestments (reviewed here). So if you are a supporter of those programs please let everybody hear about it and cast your vote! Only 3% of the participants named “another long-term investment program” as their favorite, and only 4% gave their votes to “another short-term program”. That makes me think that among all the programs GeniusFunds and GoldNuggetInvest has the best support. The poll will stay on my blog for a few more days so you’re all invited to vote! Thanks for participating and if you have any suggestions for future polls then please let my know. That’s it for another day guys, so stay tuned and see you tomorrow with all the latest news!