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

Hi everyone! Hope you’re all having a good start to the weekend and Happy Hanukkah to all celebrating that! As the weekend sets in, things begin to slow down a bit on the news front though I still have the usual mixed bag of stories both good and bad for you which I’ll get to in a few moments.

To start with however I’d like to take a closer look at a program that’s been sitting comfortably on my monitoring page now for about two months or so. It’s called Flanita and I’m pretty sure regular readers will probably have at least noticed it once or twice by now. It hasn’t been reviewed properly up to now but the simple reason for that is that basically it was the admin’s preference not to. But as the weeks have passed he has steadily been making little adjustments to the website here and there in an effort to make it more attractive to investors. And I must concur that the version of Flanita we see before us today is a vastly improved version to the one first launched last October.

Of course I can’t help but ask myself if all this is a bit too late now, as the program isn’t getting any younger. Granted Flanita is a long term program but that doesn’t mean it will run indefinitely either. I mean the admin is most certainly to be commended for improving things but that would have been so much more beneficial had it been done before being launched rather than two months later.

Anyway, sorry if that sounds negative. Let’s just first approach the website and assess it as it is presented to us today, shall we? First of all as I just said Flanita is a long term HYIP offering a low rate of interest. It just has three plans, and there are then a number of varieties within them based on the size of your deposit. Due to certain price constraints I think it’s fair to say that just one of those plans could be considered realistic for most investors. So your first (and for most people only) choice is an investment of between a minimum of $10 to a maximum of $999. In return for this you will receive a variable rate of interest which will be paid on business days only. Those rates are 1.5% for $10 to $99. 1.7% for $100 to $299. And 2% for $300 up to $999. The plan runs for 100 business days (20 weeks) and your principal will be returned on expiry.

If you are a bit more carefree with the money then you may consider a deposit from $1000 up to $10,000. This one offers a daily rate of interest, again paid only on business days, of 2.1% on amounts between $1000 and $2,999, 2.2% on amounts from $3000 to $5999 and of 2.4% on amounts between $6000 to $9999. The plan also runs for 100 business days. Your principal will then be returned.

Purely to satisfy your curiosity I’ll tell you that the final plan takes deposits of $10,000 and upwards and makes the offer of 2.7% interest per day for 100 business days.

If you like any of those options then you may deposit using a very limited number of options. Only LibertyReserve and PerfectMoney are accepted by Flanita so that’s always going to be an obstacle that many investors will not like, even if LibertyReserve is the single most used processor out there. The admin has gone some way towards compensating for this however with the addition of instant payments. And this is definitely one of my favorite features, not just here but in any program using it. There is no need to wait, just withdraw and your profit just drops into your e-currency account almost immediately upon request. So benefits and drawbacks might cancel each other out there depending on your point of view, but over the last two months Flanita have made a name for themselves as being pretty dependable when it comes to the payments. I don’t think I’ve ever had any problems myself anyway.

The security of the Flanita website is better than average simply because they have implemented a secure SSL channel, something we see all too seldom in this business. Other than that they are running off a licensed GoldCoders script and are hosted on a dedicated server. The admin offers customer support in the form of the usual support ticket system as well as a Live Chat feature. It’s not a 24 hour feature but I guess that’s ok. A physical postal address is also provided along with a certificate of incorporation in the Seychelles. I have no way of verifying either but I would remind you that even if it was genuine it still offers no protection to your deposit. So the less attention you pay to that the better.

Overall as it stands at the moment Flanita is a good website and a good program. Had it just been launched today in its current form I might even be excited by the chance of earning a decent profit from it. But it wasn’t launched today. If you’ve been there since the start then good luck to you! I’m sure you will be satisfied with the results. As for those of you approaching it for the first time however, I still say that the program itself is good, but just don’t lose sight of the fact that it’s not really that new. If investing keep that to the forefront of your thoughts when deciding how much to go with. You have most likely missed the best time to join but it’s still a reasonable prospect.

What really needs to happen next in my opinion is that the admin use all the recent improvements and try to sell “the new and improved” Flanita all over again. Re-brand it if that’s what you want to call it but if he can push Flanita as almost a different site to the one first launched in October and appeal to an entirely fresh group of investors then it might still be ok.

Other news for today.

I would like to start today’s news with a rare but therefore more interesting update from GeniusFunds. You may have noticed that GeniusFunds always occupies a very high position in my ratings and is currently in the #3 place. Needless to say why it’s so popular among MNO readers: Fast and regular payouts for over a year, low-ROI but sustainable plans with daily (1%-1.9%) or weekly (6%-9%) interests credited to your GeniusFunds account, all the popular payment methods accepted along with Bank wires, great website with a lot of useful features and tools and hosted on the best provider – BlockDos. There are many other things I could mention about GeniusFunds but I guess regular readers will know my attitude towards them by now. But for those new readers you can always read my detailed review of GeniusFunds published here.
The most recent update from the admin of GeniusFunds George told us about the development of the French and Spanish versions of the website which the investors can use now in addition to the Chinese and Indonesian versions that were already available. AlertPay investors will be able to invest into GeniusFunds via Credit cards now as it has official approval from AlertPay. Also the newsletter mentioned the possibility to automatically reinvest your profits (compounding) which is now available and the increased protection against DdoS-attacks due to some recent (brief) downtime. I think the members will appreciate the admin’s intention to keep them up-to-date on recent developments in the program as I surely do appreciate this work. Here is the full update:
“At GeniusFunds we are committed to providing you with a top notch investment platform and the great service you deserve. That is why we are investing heavily in improving our products and services. I am very pleased to inform you of some of the improvements we implemented over the past week.
French Language Web Site
Due to our continuing success in French-speaking countries, we have opted to have our web site translated into the French language. Now all native French-speakers have a fully localized web site for their convenience.
Spanish Language Web Site
After numerous requests by our investors, we have decided to introduce a Spanish version of our web site. Work on localization is currently under way and is planned to be completed on the 15th of May, 2009. We also plan to introduce Spanish-speaking customer support representatives.
AlertPay
For convenience of those investors who would like to make their deposit using a credit card, AlertPay, a processor that we have been accepting for more than two months, has finally allowed our investors to make deposits into their accounts at GeniusFunds using Visa, MasterCard or American Express credit cards.
Reinvestment Power
Did you know that GeniusFunds offers automatic reinvestment (compounding) of your dividends? Just set reinvestment rate for your GeniusFunds account and each payout will be automatically used to purchase additional shares. By utilizing this powerful feature your total income will significantly increase over time in comparison to daily or weekly withdrawals. Our online calculator can be used to calculate the potential gain. Please note that you may change your reinvestment rate back at any time, including setting it back to 0%.
Denial of Service Attack Protection
While we have already been employing sophisticated methods of fighting these type of attacks, one large-scale attack had managed to restrict access to our web site for several hours during the weekend. To counter any future attacks of this scale we have upgraded fire wall equipment in our server room. We have also instructed our ISP to install new equipment which could mitigate attacks of this scale in the future.
Best Regards, George Schale, Genius Investments Limited”.

One of the closest rivals to GeniusFunds on my monitoring page now is SazaInvestments and today after I received my latest payout the program jumped back into the #2 spot again. SazaInvestments is still a popular choice among investors willing to deposit into the 8%-10% weekly plan (read more on that in my review here) even despite their recent delays with answering tickets which were submitted over recent days due to non-credited deposits. It seems now everything is back to normal and all the delayed tickets were answered and the problems were fixed. Here is the update from SazaInvestments regarding this:
“All support tickets has been solved for now. Please try to understand that any problem will be solved by us even with delays. There is no reason to panic every time we have a delay because we think all of you can understand that it is more important to make more money so that during holidays, when nobody is working anymore to be able to pay in time. This is the reason for all delays. We are working 18 hours a day now, all our team, and traveling a lot too. We really hope that you can understand and be patient till we solve all issues once they occur. Thank you all for your trust in us. Regards, Ricardo Andre Brandao. SazaInvestments Marketing Manager”.
That’s not the only update I have received from Ricardo (interviewed here) today. The second update was regarding the payouts which should be finished within the next few hours. The withdrawal button was disabled and will be open again next Friday as usual:
“Next payday will be next Friday. In the next few hours we will finish all payouts as they were so many. We will let you know when we have finished them all. Thank you for your patience. Regards, SazaInvestments Team”.

ArbsFund (reviewed here) has celebrated its first month online today with smooth work and on-time payouts. All the support issues have been solved according to the admin and the outstanding withdrawals have been sent to the members accounts. The admin of ArbsFunds (interviewed here) reported that the program offering 8.5% weekly payments is going on just fine and already has 1,500 members. They also reported that their profits from sports arbitrage were really good this week (without any evidence though) and encouraged members to contact them immediately if they have any issues in their accounts. Here is the latest update:
“Dear ArbsFund Stakeholder; Before anything else, I would like to personally welcome our new members who joined recently; We already have 1500 Members and still counting. For the benefits of our new members who don’t know how ArbsFund Work, First we are a Sport Arbitrage investment pool, we utilized our own funds + our investors fund in trading in a Zero Risk Trading in Arbitrage industry.
We are already on the 5th day on our weekly trading period, and we already achieved 18.5% profit from our trading capital, we still have more time in order to achieve more than our last week performance.
Regarding the security issues, we already sorted out all the problems regarding crediting of account balance, we already solved all the missing deposit and interest at the moment. if you still have some problem in your account, please contact us by sending an email via our support page and we will solve it in a timely manner.
Meanwhile, we are answering support emails in a very short period of time, sometimes you will get an answer few minutes after you submit an email, we are working hard to provide you a Industry Standard Customer Service Approach.
If you have any inquiries about ArbsFund feel free to contact us!
Thank You! Sincerely Yours, Public Relation Manager.
For your success – ArbsFund Team”.

CSMFinance (reviewed here) also reported some very good trading results (this time it was backed-up by a real screenshot) which will hopefully let them continue paying profits of 1.7%-2.1% daily for 200 days for a long time. Here is this latest exciting news from CSMFinance which by the way is still using my favorite feature – instant payouts:
“Although Christmas holidays coming soon, CSMFinance traders did perfect job today. Today after 11.00 AM, CSMFinance traders got an alert for Sunesis Pharmaceuticals, Inc. (Nasdaq: SNSS) and started buying it’s shares. As most of our previous trades, it was an intraday one too. Total gain from this trade exceeds $470,000.000. Click here to check the latest trade report with brokerage account statement copy and chart.”

I’m glad to report that the payouts from SurfVesper are back on time and are processed within the same 24 hour time frame as before. So it seems everything is fine again in the program (reviewed here).

However, I can’t say the same about CruiseFunds whose admin posted yesterday that the payouts should had been processed in a few hours. I can’t believe they are not there yet and it’s very probable that CruiseFunds has become just another fast Christmas scam lasting for 5 days only (!!!). Apparently the money received from CruiseFunds were not enough to pay for the admin to take an actual cruise but I’m sure he will be able to buy some Christmas cake for the money he scammed. It’s a very disappointing outcome to say the least!

RosalinFinance (reviewed here) is a short-term program that continually surprises me with its longevity, especially during this unstable season. Where did you see a program paying from 103% after 1 day to 460% after 49 days for over a month already? Will RosalinFinance set a new record for short-term programs soon? We will wait and see. But so far even the AlertPay issues, followed by the admin’s decision to drop AlertPay completely, didn’t affect the program so badly as many might think. The admin of RosalinFinance (interviewed here) encouraged the members to contact AlertPay for a refund as they will not be using it anymore. The payouts to all the remaining payment processors are still fast and are being made within 24 hours. I sincerely hope that RosalinFinance will stay with us for longer as this is probably the only short-term program that deserves respect due to its longevity. And here is the latest news from RosalinFinance regarding their decision to drop AlertPay from their list of accepted payment processors:
“After several letter and with AlertPay we found that they really don’t know why they have blocked our account themselves and they tired us with their non usable answers. So we was noticed that they are reserving some money daily from our account to another accounts. (maybe investors accounts).
Then we want you to send a refund request to our AlertPay account and AlertPay, if you didn’t get any payment from us via AP. Please notice that only request your principal from AlertPay. they will refund your Principal money from our account.
So we don’t accept AlertPay from this time anymore.
Our accepted ecurrencies are: LibertyReserve, PerfectMoney and StrictPay, Because we are working with them very well.
Finally please accept our apologize about this issue. It really was out of our permission.
Now AlertPay is bound to answer to our investors and refund their funds. Please Just send refund request to AlertPay.
Best Regards. RosalinFinance”.

MandarinInvest (reviewed here) which was also experiencing AlertPay verification issues seemed to be back on track today as I have received my pending withdrawal to AlertPay. I received it after the announcement from the admin that the AlertPay situation would hopefully be resolved soon. I hope this is now the case as I have received my payout. The other exciting news from MandarinInvest is the fact that its website became known as possibly the most translated (from the HYIPs I know anyway) website anywhere. There are now 16 languages and counting. I guess that’s very good news for some people who don’t speak English but still would want to participate in MandarinInvest program for their chance to earn 1% for 30 days, 1.3% for 100 days or 1.6%-2.1% for 150 days with the principal returned on expiry. I guess MandarinInvest has a very good chance to become one of the top performing HYIPs in 2010. Here is the most recent newsletter to the members:
“There are some news on the AlertPay situation: we were asked to call their support department, which I, the founder of MandarinInvest, did, but was not able to reach the required person. I made a phone call today and talked to Fadi. He has asked me to send another document to verify the home address. I have sent this document today and now wait for the address to get verified and the account unblocked. So we ask our AlertPay investors to have some more patience. During this time we have added new languages to our website: Bulgarian, Swedish, Serbian, French, Dutch and Greek. Ticket support is also available in these languages.
Sincerely, Robbyn Hart”.

Speaking of AlertPay I can say that there are certain advantages and disadvantages of using it. The major advantage for each HYIP player is that AlertPay is possibly the only payment processor that allows chargebacks meaning that even if the program’s admin scams there is a good chance that you can still get your money back by means of reversed transactions. However, the major drawback to AlertPay is exactly the situation that we could see in RosalinFinance when the payment processor was simply dropped due to some issues and then the investors would have to go to AlertPay‘s administration and demand their original investments back (with the whole process could take for weeks if not months) while you could be in profit already if you made your investment via a different payment processor. Quite infuriating! So everything is relative here and you should really think twice before making the decision to use AlertPay as your preferred option for investing in HYIPs. I can’t deny though that AlertPay is a very popular and properly registered payment processor where your money can be kept relatively safe. They always try to develop their system further and frequently issue some very important updates and add new features. Take the recent addition of Credit cards not only for depositing but also for withdrawing your funds from your AlertPay account. You can read more about that as well as AlertPay‘s future plans in the detailed newsletter I received to my email today and am republishing it below for your convenience:
“With our new features and functions, you can do so much more with your AlertPay account!
Thank you for choosing AlertPay! This last month has been a productive one here at AlertPay. Because our company depends on our members, we are always working on new ways to make online buying and selling as simple as possible. Keep reading for October’s exciting updates!
Credit card withdrawal
You can now withdraw the money in your AlertPay balance to your credit in three different currencies: USD, GBP and EUR. This makes withdrawing your money faster, more convenient and just as secure.
Also, those on the receiving end of these credit card payments will be paying lower fees. That’s right! We have decided to lower our fees slightly so you can make a little more money. Now that’s an improvement!
Please note that you will only be able to withdraw up to $250 (or equivalent) per transaction. We apologize, but this service is not available for American Express.
Pay in different currencies with Credit card
Now you can make cross-border payments in three currencies — USD, GBP and EUR — and save money on currency exchange. All you have to do is choose the currency you wish to be billed in for that purchase and avoid paying extra fees.
We apologize, but this service is not available for American Express.
Phone Valication
When shoppers make a credit card purchase through a website, they will receive a validation code by phone that they must enter at checkout to complete their purchase. This will help protect our sellers by preventing fraudulent payments. This applies only to U.S. and Canadian shoppers and will be done once.
Future plans
We like to be busy because being busy means a more efficient service and happier customers! Whether we’re stream-lining procedures or improving AlertPay features and functions, we always have something going on.
Check out our blog and FAQ section for updates and answers to your questions.
Thank you for your continued loyalty, The AlertPay Team”.

One program that I have added to my monitoring list today is though another short-term one it can be considered as long running. I’m talking about FinanceAIG which was launched over a month ago. So what are the plans that guaranteed such a long life for them? They look very simple: up to 150% after 1 day, up to 350% after 3 days and up to 30% daily for 14 days. So what’s the catch you might ask as it’s almost impossible that any short-term could run for even a week providing such high-rates for its investors? The thing is FinanceAIG offers such high returns only for larger investors (which I believe are not so common among short-term players anyway). Actually such high returns are provided only for those willing to risk over $5K. For deposits starting from $1 you will only be able to get 105% after 1 day, and starting from $10 you can try your luck in another on expiry plan – 118% after 3 days or even get paid daily with 10% for 14 days. There is the usual nonsense about Forex trading borrowed from open sources so please don’t pay any attention to that. The website of FinanceAIG is good overall: a very decent design, a licensed GoldCoders script and DdoSWiz protection from DDoS-attacks. It’s clear to me that it’s not the first and only program by that admin and he’s quite experienced which is definitely a good sign. The major drawback though is the fact that FinanceAIG only accepts LibertyReserve and PerfectMoney and that will cut-off at least 50% of their potential investors. Anyway, FinanceAIG looks different from similar short-term programs just because of its longevity which makes it an investment decision to consider. I will give you the detailed review of FinanceAIG once I’m paid for the first time so stay tuned for that, guys!

And to finish for today the programs that already paid me in the last 24 hours are:
SazaInvestments, ArbsFund, SurfVesper, ZenithInvetsment, PTVPartner, GoldNuggetInvest, TalixMetals, MoneyCare, FinanceNova, RefMotor, InstantMoneyBets, MandarinInvest, IncoForex, Flanita, CSMFinance, AtlantisMutual, XrateInvest, GloTrade, GeniusFunds, PanaMoney, Verifield, Vegamex, Infinitum, OneDailyPro, TheKapital, KobelCapital, RichAliens, CedexInvest, RosalinFinance, 4CountriesCapital, GlobalFund, MoneyPlus, EcosystemFunds, AimTrust, HugMoney (first payment received) and WestFinance (the first payment received). I wish you a good weekend and will see you on my blog tomorrow with another review and more news from the Industry! Stay tuned and always stay on the money with Money-News-Online!