Oct 29th, 2009 Archives

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7

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

Hi guys! Sort of a slow enough day so far on the news front. And by coincidence this happens at the very moment I receive the answers to the questions I sent to Terry Falker from CorpoNano. It’s almost as if he knew in advance, lol! So for those of you interested, CorpoNano is a recently launched HYIP that certainly caught my eye as one of the brighter prospects in the medium term list of HYI programs to emerge recently. The program itself offers such plans as 2%-2.5% for 60 days, or if you prefer a weekly payment then 15%-21% for 8 weeks. But both options will give your principal back to you on expiry. And if you find what terry has to say interesting then you can always refer back to my original review published here.

1. Hi Terry, please introduce yourself to the readers of money-news-online and tell us about your personal involvement with CorpoNano. What kind of experience do you have in the running of online investment programs?

Hello Paul and dear readers. I’m Terry Falker, CorpoNano‘s executive director. I’m the main owner and creator of the company under CorpoNano, which is registered in the British Virgins Islands.

This is my first online investment experience. I work mainly in offline business, associated with Nanotechnologies. I own four offshore companies. The one which backs up CorpoNano is registered in BVI. One is registered in Dubai and two others are based in Hong Kong.

My first company (The Hong Kong one was first registered 10 years ago). All my companies are associated in the same business, but each country has different laws which helps a lot for our business.

2. Can you now give us a bit more information on the program itself? What was your original plan behind opening CorpoNano and what are you hoping to achieve? Are you running CorpoNano alone or do you have a partner or assistant?

As you can see by contacting our support, the website is managed by Jordan. Jordan works for the BVI company for the last year or so. I hired him to take charge of the companies computer network. As an internet enthusiast, Jordan knew the HYIP world, and alerted me to the fact this business could work well with our business. We established each investment plan after analyzing our past results. I’m in total agreement with one thing, this is never a guarantee especially in the investment world.

To come back to Jordan, he’s also the website manager and the website developer. He handles the support but he’s sometimes assisted by one of our secretaries.

3. What investment plans are you offering to members? Tell us in detail about how it all works. Explain to us also about the rates of interest available, length of investment term, accepted payment options, etc.

We are offering two investment plans to our members.

One daily plan (60 days):
Minimum Maximum Total return
2% Daily for 60 Calendar Days   $/€ 10 $/€ 99   220%
2.25% Daily for 60 Calendar Days   $/€ 100 $/€ 999   235%
2.5% Daily for 60 Calendar Days   $/€ 1,000 $/€ 10,000   250%

And a weekly plan (8 weeks):
15% Weekly for 8 Weeks  $/€ 10 $/€ 99   220%
18% Weekly for 8 Weeks   $/€ 100 $/€ 999   244%
21% Weekly for 8 Weeks   $/€ 1,000 $/€ 10,000   268%

There are no limitations on the number of deposits you can make. It’s also important to know that all deposits are treated separately.

At this time, we accept LibertyReserve dollars and euros, PerfectMoney dollars and euros, StrictPay dollars, EcuMoney dollars and euros and GlobalDigitalPay dollars, euros and sterling.

4. On the subject of online HYIPs, can you explain how the process works to someone who may not be familiar with this industry? Can you give a brief step by step guide to joining CorpoNano?

As we pay directly into your e-currency account you do not have to sign-up to use our site and so the process is really easy. All you need to do is go to this page: (“Invest Now” button in top of the page).

After that, you must choose one investment plan according to the amount you want to invest and complete the form that will appear when you will click on the investment plan.

You must complete this form with all details and select your payment method (LibertyReserve dollars, LibertyReserve euros, etc).

Now you must click the button “Next Step” and you will arrive to a new page which is a preview of your deposit.

You must verify that all is correct and only after that you can click on the button “Pay Now”.

All you need now is to use the SCI of the payment processor to start investing in CorpoNano.

5. Security is a huge concern for online investors. What steps have you taken to protect CorpoNano from DDoS attacks? Who is your hosting provider and are you on a dedicated server? How highly would you rate them as a service provider? Do you have SSL protection?

Jordan created the entire website. The first step was to think “How to do it” and “How to secure it”. We spoke a lot about the script, and finally Jordan decided to work without one. As a company we can’t take the risk of being hacked. When you invest with CorpoNano, you make a deposit using SCI interface from payment processors.

The website is hosted on a dedicated server and protected by Koddos. According to them and graphs they provided to us recently, CorpoNano was attacked 2 times since the start, but avoided any downtime due to their work.

We decided to complete the security, using an SSL certificate with 128bit encryption.

6. I also notice that CorpoNano doesn’t use a script. Why is that and what would you say the advantages of running a program without one are, both to the members and the management? Are there any serious disadvantages that you can see?

We have thought a long time about whether to use a script or not but finally you have decided to create CorpoNano without one. It can seem strange for members as it’s not that common but it can be better for both (the management and members).

In fact, you don’t have to request your payment and wait to be paid. All is automatically done at 5PM (New-York time) so it’s easy for us and members. It’s also better for security as without a script nothing can be hacked. So there are no serious disadvantages.

7. What advertising strategy are you using to further promote CorpoNano among potential new investors? Are you happy with the level of support offered by existing members?

We bought many ads in the three biggest forums. As you can see we have Paid Sticky topics in some since our launch. This advertising strategy will continue for sometime. We are also in sticky topics with some big monitors.

Finally, we have many banners everywhere. And it’s only the start.

We are thinking to continue this advertising strategy, fully handled by Jordan, who also appears to be a very good marketer. We reserve a part of our profits for advertising campaigns. This advertising strategy on forums and monitors will also stay active on a permanent basis.

8. What about the success of the program overall so far? Are you pleased with the level of growth to date? Can you give us any statistics on the amount of members and the total amount deposited? What are your expectations over the coming months?

CorpoNano is growing very fast, more than all of our expectations. We have now 250 members with an average deposit of around $350 per investor. We are very enthusiastic with the level of growth which is more than all of our expectations and we want to keep it up.

As explained previously, we will continue to increase our advertising campaigns.

9. What level of customer support do you offer members? What is the most efficient way to contact you if they have any issues with their investments? The CorpoNano website is translated into several languages, but is it possible for someone to contact a representative of your company with questions in any of those languages?

We are offering 24/7 support to all our clients. They can use the form here to contact us and they will receive a reply in few hours. At this time our site is translated in French and in German and so it’s also possible to contact us in those languages.

10. With so many new programs coming online every day, what would be the one thing you would say to investors who are still undecided? What are the advantages of joining CorpoNano over any other program?

CorpoNano has been thought in a way that each investor has nothing to do. Yes, with us, you don’t need to check everyday. No need to spend everyday checking the internet.

All you need is to make your deposit, then carry on with your normal daily routine, and the payment will be sent automatically daily or weekly.

For promoters who are reading this interview, please be aware that we have an affiliate program which is paying 8% of your referrals deposits.

I think we planned CorpoNano to satisfy the majority of investors. Now we are not perfect, we are only human. We do our best and we are open to all suggestions.

11. So let’s move on to your own line of business. How exactly are you funding all of this? When people join up and give you their money, what do you do with it all then? How are you generating new money to pay the members and how dependent are you on new investors bringing new money into the program?

CorpoNano is fully backed up by a BVI registered company. To explain our business I would say we are generating high profits with a variety of methods. Mainly we offer loans to Nano Companies that need fast money to develop short term projects.

Some of our loans work on daily basis interest and can be very short. Nano Companies need money to develop new products and are also ready to borrow money at very high interest rates.

Why they don’t request this from the usual sources, like the banks? Time, Reaction, Ethics, many reasons can hinder this. Governments loan billions every year to nanotechnogy companies but the total governments loan represents only 5% of companies needs. Also Companies need to find money from other sources.

Bank loans an average 50% of needs. Now think about who provides the rest. Yes, the rest is provided by individual investors grouped under companies like us.

12. One MNO reader has contacted me claiming that he has contacted the authorities in the British Virgin Islands to confirm the authenticity of your registration certificate. They said they never heard of CorpoNano. Was he correct about this? How do you explain this?

Yes and it’s true, the real name of the company which backup CorpoNano website isn’t called ‘Corpo Nano Corporation’. Now, why not? The main reason is “Business”. Yes, our company deals with Nanotechnology companies, ready to welcome our loans, but not ready to accept that the money comes from project associated with HYIPs. Also, here is the problem but I found a solution and I’m incorporating another company which will be coupled to the BVI company.

With this way, each business will be different, and Nano companies won’t be worried about the origin of the funds.

This new company will be associated with a Business bank account and we could open the Bank wire option for our online investors.

13. What are your plans for the immediate future of CorpoNano? Can we expect any new developments or improvements over the coming weeks or are you satisfied with the state of the program as it is?

CorpoNano will have many new improvements in the near future. We will add SolidTrustPay, two new versions of the site (Spanish and Russian) and telephone support in the local office in BVI.

14. And finally what about long term plans over the current months? There are a lot of good mid to long term programs already well established. How are you planning to make CorpoNano a competitive option and establish yourselves as a leading name in the industry

To be honest, when I decided to open our investment online, I never imagined such rapid success. But the plan for the future stays the same with either slow or fast development. We are here to stay, and yes we intend to become one of the leaders.

This industry need established programs over a period of years, and CorpoNano will be one of them. I can see in your top list sites with years of existence now called “leaders”. Each of those site has a real business to generate real profits.

CorpoNano is ready to stay online for years, so also in one or two years, people will consider us as one of the leaders.

Thanks as usual to the admin there for taking the time and effort to explain his program in a bit more detail to us all. Hopefully it will help you to make up your mind one way or another about CorpoNano and whether it is suitable for your own needs or not.

As I said at the start it’s been an otherwise uneventful day on the news front for the programs covered on my monitoring page except to mention that it has only recently transpired that ShiftMoney seem to be having some problems with their domain registrar. Barely an hour after their last newsletter was sent out the site has been taken down. It’s too early to say what the reason for this is, but while it’s difficult to tell people not to panic, I’m pretty sure that whatever the problem is it’s outside of the admin’s control. Whatever the reason it’s hard to imagine it’s some kind of deliberate scam as they (temporarily) no longer have the means to accept investors money. But as this all happened a number of hours after the last newsletter was sent, it’s totally feasible that Bernard, the ShiftMoney admin, may be blissfully unaware of the situation. I would allow them a bit more time before getting concerned.

And so that’s it for today guys. Hope I’ll see you back here again tomorrow for all the latest news and views from around the industry. So stay tuned for more!

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