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

Hi guys! Well another Friday comes around. As usual I hope your all looking forward to your weekend. Especially this weekend when kids and “overgrown kids alike” can celebrate Halloween. But you know that for more than just the obvious reasons Friday is fast becoming my favorite day of the week. I’ll have a bit more to say about that in the news section so keep reading. But first I want to elaborate on a program that I mentioned briefly in yesterday’s update. It’s the most recent addition to my monitoring page and it’s called SteadyFunds.

To start with I must say that I did have some very mixed feelings about this one, and I made this known to the admin. I’ll get to the reasons why as we progress, but first let’s look at the basics. SteadyFunds is a short term HYIP with just one investment plan. Though there are three variations of it depending on how much you’d care to risk. The term lasts for 30 days and works out as follows:

Deposits from a minimum of $10 up to a maximum of $1000 will earn you a basic 1% rate of interest per day. So for $100 that will be $1 paid back to you everyday up to a total of $30 by the time the plan expires. That will be your profit as the principal should then be returned.

Deposits ranging from a minimum of $1,001 to a maximum of $10,000 will get you an interest rate of 1.2% per day. Should you be brave enough to risk that kind of money in a venture like this that is. Your principal also gets returned.

And purely for information purposes (or should that be entertainment purposes!) the third investment option from SteadyFunds offers 1.4% interest paid per day for 30 days on amounts starting from a minimum of $10,001 up to a maximum of $100,000. The principal is again promised to be returned on expiry.

The payment options are very limited here with just the most basic options of LibertyReserve and PerfectMoney being accepted by the program. In the long run the lack of choice will only hinder the programs progress to becoming a success, if indeed that is even the admin’s intention. Nothing so far would indicate that this list of processors is going to be expanded anytime soon.

My first impressions of SteadyFunds was of an (at very best) sub-average HYIP and so far I have seen little to change my mind. So what of the security? Well to be fair to them there is an improvement there. They are hosted on a dedicated server and have two mirror sites that should keep them running in the event of a sustained DDoS attack, one of which is supported by DdoSWiz. I’m not sure that’s going to be enough to salvage the program however as there are some larger scale improvements in need of being carried out if SteadyFunds are to become a serious force in the HYIP market.

For one thing one requirement of joining had been to install some new software to your computer from them in order to participate. No thanks! This was actually the reason that I had initially refused to monitor this program at all in the first place. However the admin has since extended the deposit options so you can join manually now. But overall there is a sense that the website itself isn’t quite finished. For example there is an FAQ page with next to no practical information on it. There is a piece about downloading this new “software” of dubious origin, (nobody else requires you to do this, why SteadyFunds need to do so is very questionable) but there is little in the way of “frequently asked questions” which is the whole point of having an FAQ page in the first place.

Communication and customer support are available via an e-mail support ticket system. There is a box that supposedly offers “live support”, but click on it and this is where you will end up. Links are provided to the discussion threads on the main investment forums and there is also an e-mail address for direct contact.

With an almost refreshing amount of candor the homepage informs us that SteadyFunds is not “the biggest nor the most powerful corporation” in the world (!) and with an equally refreshing lack of ambition informs us that they have no intentions of becoming so. Something tells me that we won’t have to worry about that happening for a while. The final verdict? I suspect either an amateur or a first timer to be at the wheel here. There are many other projects offering similar returns but are much better organized than this one. PanaMoney for instance which requires little introduction or GeniusFunds which requires even less. As a monitor I’m not prepared to write off any program out of hand without a fair go, but if SteadyFunds isn’t to end up on the bottom of the “also rans” pile then some serious work needs to be done. I will keep you informed of developments here as I do with all programs on my monitoring page.

Other news for today.

I hope you know by now that downloading and opening any software or archived files can be extremely dangerous for your computer and your personal privacy. So to avoid any problems please be very careful when receiving any files with extensions such as any .rar or .exe. Remember recently many GeniusFunds investors received an email allegedly from the GeniusFunds administration with some kind of new contract information presented in a .rar file. Needless to say anyone unfortunate enough to ignore their common sense and open the file suffered some severe consequences by getting their computer infected. Less that 24 hours ago the same happened with GoldNuggetInvest. The members have received this email to their mailboxes:
“According to numerous requests from our investors, we decided to send the signed contracts in digital form. Read the contract in the attached file!
With our best Regards, Robert and your GNI team”.
I hope you were smart enough to ignore this rubbish and not even think about opening the file. It was confirmed today (as I thought) the malicious email has absolutely nothing to do with GoldNuggetInvest whose admin Robert sent out another newsletter today by the way.

A newsletter from GoldNuggetInvest (reviewed here) is a rare enough event and not issued on a regular basis but rather occasionally, when the admin Robert has something important to say. So I guess the trigger for today’s update was the above-mentioned case of the phishing email that could pose some potential danger to GNI members. That’s why I think Robert’s lightning fast response to the challenge was highly appreciated by the members. But of course this phishing attack was not the only reason to send a newsletter. Robert also updated the members about ongoing issues with withdrawing via Bank wires which should be resolved soon. There was also some news about the coming implementation of the new script that should resolve some minor issues and inconveniences still affecting some members. So the scheduled launch of the new script is now the first or second weekend of November (I honestly can’t wait, guys!). Please also note that despite the current issues with the script during depositing (when some deposits are not getting credited instantly) depositing directly from payment processors is not allowed from now on. As you know GoldNuggetInvest is dealing with such payment processors as LibertyReserve, StrictPay, SolidTrustPay and PerfectMoney, offering 6% to 7.5% in weekly profits in your account (read more about that in my review published here). So you know that direct deposits will only add considerably to the already burgeoning workload that the staff already have to deal with. It’s fair to say that their hands are already pretty full being inundated with other support requests from thousands of members. So in this case the new rule is necessary in my opinion. Some other updates from Robert (interviewed here) includes the clarification of the daily rollover plan, the direct ban of changing your sponsor (so please make sure to join GoldNuggetInvest via my link to receive first-class support) and the charitable project support to be announced soon. I find the whole update quite comprehensive and detailed so all your questions should be answered (well, like any other update from Robert). Please read the whole newsletter below:

“Greetings once again to our loyal Clients, Customers, Affiliates and Friends of GNI:
While it has been several weeks since we have last corresponded (via our Newsletter), do not think for a moment we have been idle in our plans / planning and activities as we look towards 2010. As these plans become finalized, they will be announced; not however, before!
1. Malicious Email
There has been a recent development that requires EVERY member’s immediate attention, without which could have dire consequences to those who fail to heed these words.
There has been (an) Email(s) sent to an unknown number of our clients, with the distinct likelihood more will be sent in the immediate future. This email, fraudulently endorsed by Robert (Spearman), entices the target member to open a link contained within this email, should they wish to view electronically, information previously deemed “protected” by strict Non-Disclosure nomenclature contained within Bi-Laws and Terms of Service.
This(ese) email(s) are neither written, authorized, approved or substantiated by Robert or any other Principal, Associate or Employee of GNI or its affiliates.
It is further believed, should this link be engaged (opened), the probability of compromising the integrity of the target computer is high for malware, spyware or Trojan Horse type viruses.
DO NOT OPEN THIS EMAIL!!!!
If you have opened this email and / or link inside, you MUST take immediate action to mitigate or repair whatever damage has ensured as a result of your actions. What action you take will depend on your own personal level of technical expertise.
Please DO NOT consult GNI Support for direction or advice pertaining to this matter. They DO NOT have the requisite experience or expertise to recommend the appropriate “Fix” to the problem.
2. New Script
I know many of you are anxious to become acquainted with the new script previously scheduled for Community-Wide Release on October 17th, 2009.
Nobody is more anxious to get the new script up and running than myself and those support people who are working hard to provide a quality program to the community at-large.
Nevertheless, we made it clear from the start, we would not release a product until such time that we are confident it is free of errors, system glitches or other potentially show-stopping issues.
One of those show-stopping errors was recently identified and a fix/work-around is, as this is being written, being orchestrated, tested and prepared for in inclusion into the source code of the new script.
Assuming there are no developmental issues that manifest, it is our intention to bring the new script live during the first weekend of November 6/7. If it is not possible, than the following weekend (November 13/14) will be the new implementation date.
We’ll keep all advised as is appropriate.
3. Bank Wire Withdrawal
Needless to say, our current banking issues have become increasingly more unacceptable for clients and staff alike. Despite these meetings and discussions, the impact it has in promulgating change has been negligible, at best.
The only viable solution we think will correct this matter will require us to severe our business relationship with Yesilada Bank and take the necessary steps to find a sustainable replacement bank for our client community. We are in contact with two banks, both of whom have appeared to find our business model acceptable; would be willing to open corporate accounts for us.
It is anticipated that the selection/approval process will conclude within 30 days at which time we will be able to process withdrawals in the 2-3 day time-frame we originally expected.
We are aware of some pending withdrawals, not yet processed, but have been debited to our account. Yesilada has agreed to inform their correspondence bank(s) and credit our account.
This may take between 2 and 5 banking days, according to Yesilada. We expect to have the first canceled transactions back in our bank account at the beginning of the coming week (Tuesday latest – again according to Yesilada) and will credit members accounts as soon as the funds hit our bank account. This is the only viable way to reconcile these accounts. As soon as we credit your account with the refund, you may immediately request a withdrawal to your payment processor of choice, until such time the new bank has assumed its rightful position.
We apologize for this situation having found ourselves at the mercy of others whose commitment to Customer Service does not agree with ours. We have now taken proactive steps to correct the situation but ask our loyal clients to be patient until we work out all transactions accordingly.
4. Direct Transfer from Payment Processors
Of late we have found an inordinate amount of payment processor transfers which are being originated direct from the PP site, instead of your GNI back office.
Because of the additional work necessary to properly post these transactions, the fact that our request that all transactions be initiated in clients back office to be completely reasonable, we have decided that any deposits made in this fashion will be returned to client unfulfilled.
Consider yourself having been put on notice those of you who refuse to comply with Support’s request to make this seemingly reasonable adjustment.
5. Daily Rollover Plan
The decision has been made to enforce a decision which was made in May, 2009. To be eligible to participate in the GNI Plan, a client MUST have, on account, a qualified deposit of $50.00 in the Weekly Plan. We modified this back in May to accommodate those members in the Daily Variable Plan who wanted to stay with GNI, the opportunity to save their earnings so they could enter into the Weekly Fixed Program. It has now been six months since relaxing our minimum deposit requirements. The time has now come to reinstate our program requirements as outlined above. You will have 30 days from the time the new script is implemented to enter into the weekly fixed plan or withdraw your funds; after which your account will be frozen and the refunding of which will be taken on a case-by-case basis.
6. Change of Sponsor
As is clearly stated on our sign up page, change of your GNI sponsor is not permitted. If you forget to name your sponsor – that is unfortunate. There must be a compelling, verifiable reason given to Todd or myself. Opening a new GNI account to circumvent this rule is NOT PERMITTED!
7. Charitable Holiday Project
We mentioned back in September that GNI would be looking to team with its membership in support of a very worthwhile charitable organization. We are working to finalize this decision but will only endorse a program which is transparent, has low overhead expenses (ensuring a high percentage of funds actually supports the charitable aspect, NOT the administrative) and whose purpose is devoid of political overtones.
We hope that all of you, like us, will get excited when this is announced.
Once again we thank all of you for trusting us with your very hard earned investment dollars. We have, of our membership, an increased level of expectation that we work as a team. It is our clients expectation that we provide the promised 6 % a week, in return, it is our expectation that clients understand that it is a privilege to be part of a program such as this. If there is a mistake or funds to a client’s account has been posted improperly, we ask that you work with us. If we owe back interest, we’ll pay it – if we don’t, we won’t. In all situations, however, we strive to be the best we can, when we can and thank all of you for your support.
Have a great weekend! Robert and your GNI-Team”.

You might remember the admin of FlipReturn/ LmTmm and former admin of SilverLodge Gertrudia (aka Klaus, Louise and Dominique) who predicted the collapse of GoldNuggetInvest a few weeks ago causing grown adults who should really know better to almost trample each other in a frenzied panic. Well, those who listened to my warnings and didn’t support Gertrudia are now safe from losses as FlipReturn and her new program failed one after another and the admin (yes, there was just one of them) disappeared without saying a word. Some selective payouts are still going on to lure new investors but those projects are dead now. I guess this totally vindicates my point of view and the guy just couldn’t stand that somebody exposed him as the con-man behind the biggest scam of 2009, SilverLodge. Those who supported and promoted LmTmm and FlipReturn now look extremely stupid to believe a word that they said. The truth was probably more likely that the attempt to destroy the reputation of GNI, one of the the main competitors of SilverLodge earlier in 2009, was possibly a very puerile and jealous attempt at revenge from Gertrudia / Louise for failing in his own project. However, this didn’t happen and unlike SilverLodge / FlipReturn / LmTmm projects GoldNiggetInvest is still alive and kicking. I believe GoldNuggetInvest will be comfortably the leading online investment program in 2010 as well, much to the consternation of other HYIP admins. The only thing that can explain the enormous success of the program is the support of the investors and the backing up of the program with real profits, otherwise the program could never sustain and survive every single problem it faced during its successful 3-year run. I really hope that GNI will run for another 3 years and beyond and can say with certainty that GoldNuggetInvest has been and is the best HYI program I’ve ever dealt with in nearly seven years of personal experience.

Remember how I said at the top of the page that Friday was fast becoming my favorite day of the week? Well the reason for that is yet another on-time payment by what has rapidly, and deservedly, become one of my favorite programs. SazaInvestments (reviewed here) just announced that all the payouts for the week had been completed. After counting the profits I discovered that due to the enormous popularity helped in no small way by stable performances and 8%-10% weekly payouts SazaInvestments has now overtaken PanaMoney into third place on my monitoring page making it on of my Top 3 programs. My sincere congratulations go to SazaInvestments‘ admin Ricardo (read my interview with him here) and hopefully his program will only improve further with time. I really look forward to more exciting news from them in the near future including the promised opening of an office and gaining a real certificate of incorporation. Here is the latest from SazaInvestments (the next payout is scheduled for the next Friday):
“All payments done again. Please remember that if you got the money back to your account that mean that either you requested it on the wrong payment processor or on the wrong account. Please stop overwhelming our support team with tickets for the same issue and try to make things right. Will be easier for you and for us both. Thank you all for your trust in us and for your understanding. Regards, SazaInvestments Team”.

The new but promising program MandarinInvest (reviewed here) just added another payment processor. It’s not just another scam like RoutePay or RegalPay either but the very reputable GlobalDigitalPay. So from now on your payment options for plans that include 1% for 30 days, 1.3% for 100 days and 1.6%-2.1% for 150 days have been extended to an astonishing eight payment processors. Please also remember that the payouts in MandarinInvest are not processed at week-ends though they are credited to your account so please plan your withdrawals accordingly. Here is the latest update from them:
“We have successfully verified our account with GlobalDigitalPay, a payment system from a known exchanger LondonGoldExchange, and now accept it in our program. The deposit fee is 1%, you can deposit with both EUR and USD.
Sincerely, Robbyn Hart”.

The admin of WLInvestments program (reviewed here) sent out another newsletter with some promising updates that should follow soon including script adjustment, phone support lines to be open soon, some performance stats and the deposit bonus policy amendment. To tell you the truth, I don’t believe that WLInvestments is a real company (just remember the fake biographies that were so hastily removed without explanation when exposed as being stolen) but it’s a very promising HYIP game that can become huge with proper management. Here is the long newsletter from Selina (oops, Auda this time):
“Dear Investors and Friends, Hope this letter finds you in good health and spirit. Unfortunately Selina is on leave and will not return till 15th November. Therefore, I (Auda, Finance Desk) would be handling most of the situations in the mean time.
1. Script improvement – It is almost done. We are just reconfirming the security features such as API automatic instant payment, internal encryption, internal mail and fund transfer security measures etc. We hope everything will be in place and available to you by Thursday (5 November 2009). It’s important to be assured that everything is in proper shape before it is made available to you.
2. Phone support lines – First of all, sorry for not abiding 26th October 2009 deadline for US phone line support. But it has been delayed for good. Our management felt that Call Back service is much better than simple call answering service. Instead of single 1-800 US toll-free line, we have decided to proceed with call back service. Therefore, we are implementing call back service by Thursday (5 November 2009) in English, Spanish, Italian and Russian languages. Further languages will be available in December.
3. Alexa Rank improvement – Finally, we broke into 200k Alexa ranking mark. Now our three month’s average Alexa ranking stands at 197k. http://www.alexa.com/siteinfo/wlinv.net That is 100% unmanipulated growth.
4. Performance – As always, Spectacular.
Number of days online – 126 days.
Total active investors – 218
Total Investment – $45,832.6
That is 45% growth in comparison with our last news update on 17th October. Furthermore, we are obliged to declare that our traders are able to maintain 3-4% weekly profit for ourselves after 9.5% weekly payment to investors.
5. Deposit Bonus Policy –
Deposits on or before 11:59 pm GMT 31st October 2009 (Saturday) – 15%
Deposits on or before 11:59 pm GMT 1st October 2009 (Sunday) – 10%
Deposit bonus will earn additional interest on your investment and can be completely withdrawn at the maturity of investment. However, in order to avoid any possible bonus abuse situation, bonus incorporated investments cannot be prematurely withdrawn.
Deposit bonus is good promotional strategy, however, it couldn’t be offered forever. Therefore, management has decided to have such a deposit bonus every month in the last week. So, next bonus will be available on 28th and 29th November 2009.
As always we are open towards innovative suggestions as well as you can expect to receive $5-$50 bonus for unique/innovative suggestions. On behalf of WLInvestments team, I thank you all for continued trust and support with WLInvestments Inc, Co, Ltd.
Best Regards, Auda Defresne, Finance Desk, WLInvestments Inc, Co, Ltd”.

However if you’re really looking for a high quality and honest program that adds new features and improvements on a regular basis then take a look at IncoForex. It offers not insanely high but a still profitable and very sustainable daily interest rate on your investment. Many have said that IncoForex is a little too complicated for the average investor but why not make use of MNO? The blog is here for your use and you can read my detailed review of IncoForex published here or the interview with the admin of the program here. In its latest update IncoForex announced a couple of holidays in November in advance. So please be aware that on these days your interest will not be credited to your account:
“Official Holidays
Dear customers! We have non-trading days on
11.03.2009 National Culture Day in Japan
11.11.2009 Veteran’s Day in United States
Deposits and Withdrawals will be processed as usual instantly on these days.”

You may have noticed that although I have listed QuartaDimensio on my monitoring page the admin asked me to delay the review. The reason is that currently all deposits and withdrawals are being processed manually due to a technical issue with the database. All issues should be dealt with by next week when hopefully I will be able to review QuartaDimensio on my blog properly. Please note that after that I do intend to check out their office in London because I believe for a minimum of $1,000 the investors have the right to know up front if the program does have a real office or it’s just a marketing trick.

Another program that I have added to my monitoring today is MoneyPlus. This program looks good and is properly registered in the UK. I have just checked their registration number and it’s really in the database of the WebCheck site. I’m also going to check the phone number as well before publishing the review. Anyway, I would still suggest you treat MoneyPlus as a regular HYIP until proven otherwise. I like the design of the program, the customized script and the DDoS-protected by Goldpoll site hosted on a dedicated server. The admin promised to add SSL-protection of the accounts soon together with a set of promotional banners. The investment plans on offer are: 0.6%-1.3% for 30 days, 1%-1.7% for 60 days, 1.3%-2% for 120 days and 1.7%-2.5% for 240 days. Please note that they are business days (Monday to Friday) and that your principal will be returned at the end of the investment term. The minimum to invest is $10 and your return, while fixed, depends on the amount deposited. MoneyPlus accepts LibertyReserve and PerfectMoney for all deposits, Bank Wires (starting from $100) and SolidTrustPay, StrictPay and WebMoney strangely only for deposits over $5K. Although AlertPay is listed among the accepted payment processors I can’t find the option of depositing through them yet. Hopefully they are just awaiting verification and it will be fixed soon. The program is still very new (just launched a couple of days ago) and has a lot of work to do but in my opinion it can be a good option for diversifying your portfolio. More on that in my review of MoneyPlus coming soon.

That’s it for today, guys! Just before I finish I’ll give you the list of programs that paid me for the last 24 hours: GainRoi, XagaEnterprise, SeamlessProfitable, GoldNuggetInvest, NanoMoneyCorp, GeniusFunds, LogicProfit, WLInvestments, IncoForex, AimTrust, Verifield, PremiumCapital, PanaMoney, CSMFinance, SazaInvestments, TheKapital, MandarinInvest, StableInterest, GlobalFund, MoneyCare, CedexInvest, SavInvest, Capitalex, XomFund, KobelCapital, OneDailyPro, 4CountriesCapital, CorpoNano, PTVPartner and SteadyFunds (the first payment received). See you tomorrow everyone! Enjoy the Halloween weekend and I’ll be back as usual with more news and updates from the Industry!