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

Hi guys! Hope you enjoyed the interview from earlier this afternoon. For the second post today I’d like to continue with the theme of long term investment programs and take a look at another recent addition to my monitoring list. It’s called ArbisPro and it’s the latest in a growing number of online HYIPs using the increasingly popular concept of investment plans with no expiry dates. In other words once you become a member, you stay a member, and you continue to get paid until such a time as you yourself decide to leave.

There are numerous examples of such programs out there of varying degrees of success. Look no further than my monitoring page to see for yourself but among the best are GoldNuggetInvest and SazaInvestments. And in keeping with the trend set by GNI, ArbisPro is the latest program to be claiming to generate their profits from the world of sports gambling. Or arbitrage betting to be more exact. More about that in a moment but first how about we have a look at what ArbisPro is offering its members? See if you like it.

There are just the two investment plans available from ArbisPro. One of them is well beyond the reach of most, especially when it comes to such a new and unproven program as this. But then again, how many plans do you need if you like the one that’s on offer? Anyway, the first one is called The Weekly Classic Plan and it is open to all deposits between a minimum of $10 and a maximum of $10,000. In return you will be offered a weekly rebate of 10% interest on your deposit. You will then continue to receive this 10% payment every week for the duration of the programs life span.

Of course you are free to withdraw from ArbisPro any time after a certain lock-in period. Just take your principal and leave. The thing about that is however that the lock-in period is 10 weeks. Exactly how long it will take you to recoup your principal from your weekly payments. Assuming of course that ArbisPro last that long in the first place, from that point on everything you earn would be considered as pure profit, so I don’t really see the logic in withdrawing your principal after that date.

The second plan is called The Weekly Premium Plan and is strictly for those with more money than sense. Or should I say “more dollars than sense”! Anyway at a minimum of $10,001 to join, ArbisPro have a long long way to go before proving themselves deserving of such large amounts of anyone’s money. But purely for your information the plan itself works exactly like the other one except that your weekly interest repayment will be 12%. Your principal is still subject to the same 10 week lock-in period, after which you’re free to leave. Again, and it’s totally a question of personal preference, if I had regained my principal in the form of weekly payments over the preceding weeks then I would most likely leave it there and collect a passive income for as long as the program runs. But that’s just me.

A couple of other important points you need to keep in mind about the plans before getting involved include the following:
First of all you can in fact withdraw from the program before the 10 week lock-in period expires, but the penalties for doing so are a punitive 30%, so think before you leap, ok?
Secondly, when joining what you are actually being asked to do is to buy shares. A share costs $10 (the minimum investment) and you can only invest in blocks of $10 after that.
And finally the choice of payment options. It’s pretty good with most of the popular options accepted. AlertPay, LibertyReserve, PerfectMoney, and StrictPay all make the list. Payments are promised within 24 hours but please keep in mind that there are some deposit fees applied here. They vary from 1% to 2% depending on your chosen payment option.

What else? The design of ArbisPro is quite nice. Well laid out, easy to navigate, easy to read, simple but effective. The script is really interesting though and as far as I can remember I don’t think I’ve ever seen it used before. It’s not totally unique to them though as I know that they bought it on the open market. Maybe it’s more than just coincidence but a lot of the better HYIPs (GeniusFunds, PanaMoney, etc) run off unique custom built scripts, preferring that to the generic options you see on so many programs these days. Not that I’m putting ArbisPro in their league or anything, we have a long way to go before that happens. I know it guarantees nothing but using such a script is a nice touch and demonstrates a certain level of motivation on behalf of the admin. In other words if ArbisPro was intended as a fast scam there would be easier ways of going about it than this.
They are hosted on a dedicated Staminus server with protection from DDoS attacks provided by Koddos.
Communication with the admin comes in the form of the usual online e-mail support ticket system. You may also mail them directly if that is how you prefer to do things.

And finally we get to the subject of the outside business interests of ArbisPro. A thorny subject at the best of times with most online HYIPs, ArbisPro are no different. As mentioned at the beginning they claim involvement in betting on sports events. And why not? It’s a pastime enjoyed by millions worldwide and I’ve even been known to make a small one on the football myself from time to time. And to the naked eye ArbisPro‘s explanation does indeed look totally feasible and even backed up by a practical example. The thing is that the example given is that of a football game that was played over two years ago. And ArbisPro have only been online for the last four days.

But as well as that, the texts are copied from so many open sources it’s unbelievable! If they really are involved in arbitrage betting, or anything original, then why not have some new and original text here? If I wanted to hear about some two year old football match then fine, but how about some fresh examples?

But the point is that until some serious proof is added then this is just another online HYIP. Albeit one with good promise, of course but just an online HYIP.

Other news for today.

As we get closer to Christmas there are less and less news updates to report on. Christmas bonuses and holidays are what dominate the stories we do have. Of course it’s a smart move from the admins not to pay on Christmas and New Year (blaming it on the lack of trading sessions) but continuing to accept deposits at the same time. We all know that this time is supposed to be harsh on HYIPs and that only the strongest will survive the festive season. So what do I have to report to you today?

The admin of WestFinance (reviewed here) made everybody aware about the maintenance of his website will be undergoing shortly. There will be another domain available temporarily where you will be able to login to your account and make deposits or withdrawals. The investors will be able to enjoy a faster server after the maintenance is completed which should improve the speed of loading. Meanwhile the admin of WestFinance (the program is paying 1.8%-2.5% daily for 120 days) used this opportunity to remind us about a couple of bonuses that will expire before the end of 2009. Here is the latest newsletter from him:
“Dear West Finance Member, Greetings, I hope this email finds you well.
I wish to make the following important announcements concerning your WestFinance account with us. Please read carefully.
As you might have noticed, our promotional campaign being highly successful, WestFinance is getting hundreds of new account sign ups and thus high traffic load which is causing slow loading of pages during peak period.
To remediate this situation, as from 12.00 GMT Tuesday 22nd December, we will be moving our Website to a Faster Server on another network facility. This will involve updating our current domain DNS. Thus, our domain; www.west-finance.com will be unavailable between 24 to 48 hours.
However during the DNS propagation time, all members can normally access their account to view up-to-date transactions and make deposit/withdrawal through our Backup domain www.west-finance.NET already pointed to our New Server.
And until the .COM domain becomes accessible again, All email communications to Ian Jenkins should be sent to: support@west-finance.NET
To summarize, if you can’t load our website through www.west-finance.COM, try www.west-finance.NET
Coming to the holiday period, be advised that No Trading sessions will be carried out on the 25th and 31st of December 2009 and on 1st January 2010. So, there will be No distribution of dividends on those dates.
Our End of Year Gift is still running. Applicable to every WestFinance managed forex account, for every New deposit made till the 31st of December 2009, a 5% Add-on Bonus will be instantly awarded to your deposit amount.
How do I receive the Add-on deposit bonus of 5%?
Simply make a normal deposit to the “New Investment” page from your account and the 5% add-on deposit bonus will be automatically added to the deposit amount after payment.
Does Rollover deposit also qualify for the 5% bonus?
No, The add-on deposit bonus does not apply to Rollover deposits.
FREE $10 Sign up bonus:
We are also offering FREE $10 for New account sign-up. You may refer your friends and family to join WestFinance through your affiliate link and earn a whopping 10% commission on each investment made by your affiliates.
Hurry Up to benefit from this Bonus offering. Now, is the Right time to Invest.
I wholeheartedly wish you a Merry Christmas and a Happy New Year.
Sincerely, Sheffer Rob. Managing Director of WestFinance Ltd”.

GeniusFunds (reviewed here) underwent some problems earlier today when the site itself was online but the members were unable to login and access their accounts. This has since been fixed however and the reason remains unknown as the latest news can be found on the website but makes no mention of this:
“Prize Draw
Yesterday we held a draw among those who submitted their testimonials to Panos Christodoulou. For privacy reasons, winners will be notified by e-mail within 48 hours. The prize, $500, will be credited to winning accounts after notification.”

AsiaInv (reviewed here) paid me on expiry today. The payment was instant to LibertyReserve although the amount was about $200. So I can confirm that AsiaInv is still successfully paying on all the plans on offer: 1.5% for 10 calendar days, 2% for 20 business days and 2.5% for 40 business days with the principal returned on expiry.

I simply love the new site of PTVPartner (reviewed here). What about you guys? Never mind, I got a kind of reminder from the admin Garrett (interviewed here) today in my mailbox but maybe it’s too late to publish it on my blog. But if not then maybe you will be able to attend the next meeting and Christmas party which is due today. And yes, just forgot to mention that the payouts from PTVPartner were not affected at all and I still receive my payments every day like clockwork. There are four investment plans on expiry which you can invest into PTVPartner in: 110% after 10 days, 125% after 20 days, 145% after 30 days, 190% after 40 days. Here’s the latest update from Garrett:
“Don’t forget about the Christmas Party and Meeting!
December 22nd at 2:00PM CST / 3:00PM EST
Meeting Starts at 12:30PM CST / 1:30PM EST
You will not want to miss it!
Start the Experience … join PTVPartner and … Free your Life!!!
The Ultimate High Yield Asset for your Offshore Financial Portfolio!!!”

If you haven’t read my interview with the admin of FinanceNova today you can do so here. And for more details about the program which has changed for the better please refer to my detailed review published here. I remind you that FinanceNova is paying 2.15% for 365 days (payouts on business days only) and 11% for 53 weeks with the principal returned on expiry. The admin recently sent a mass email informing the members about the interview on MNO:
“Leading money making blog, Money News Online, has just published the interview with Mr Mitja Majerle, CEO at FinanceNova.
You can read the entire interview at http://money-news-online.com/blog/2009/12/22/22122009-interview-with-the-admin-of-financenova/
If you have any questions or suggestions, feel free to contact us. We would like to hear your ideas on improving FinanceNova and making it even better.
Best regards, FinanceNova support”.

I’m glad to report that I finally managed to request my payout from 220Group and was paid successfully within 24 hours. I don’t know what’s wrong about their script (because I didn’t receive any answer to my support request) but it seems there is some 48 hour on hold period on expiry when you can’t withdraw your earnings for any of the plans on offer: 119.7% after 7 days, 150% after 12 days and 220% after 21 days. I hope the admin could address my concerns by answering my email so I could review his program on MNO by tomorrow.

I’m not sure how to treat the following email I received today allegedly from the admin of TalixMetals (interviewed here) to my mailbox. I really do not think it was genuine, It was an announcement of a new plan which I couldn’t find in my members’ area so I am kinda doubtful that this is the original email. But anyway, here it is and if you’re a member of TalixMetals I’m sure you will be interested to look into it:
“TalixMetals Holiday plan.
Based on our 62% profit of our last trading week we have decided to create this holiday plan for our members to enjoy this holiday season.
Spend $50-$5000 and get 3% after 24 hours. Both investment and interest will be paid after 24 hours and this promo will end 31th December 2009.
Specify payment if it id for the two days plan or for our forever plan. Happy holiday.
Admin, TalixMetals.”

IncoForex (reviewed here) published their Christmas and New Year holiday work timetable today. Please note that on the days specified your account in IncoForex will not be credited with variable earnings due to no trading (please read more about the variable returns in my interview with the admin published here). Meanwhile, on those days the deposits will still be accepted and the withdrawal requests will still be processed. Please read the whole update from IncoForex for more info:
“Christmas and New Year working Schedule
Dear Investors! Please pay your attention on our working schedule during Christmas and New Year holidays.
We have NON-trading days DEC 24-25, DEC 29-31, JAN 1, JAN 4-5
Deposits and withdrawal requests are processed as usual even on holidays and week-ends.
Regular trading and profit calculation will be started from JAN-6.”

One of the most popular low-ROI programs PanaMoney (reviewed here) will be on holidays as well. However the holidays will be much longer for PanaMoney and starting tomorrow for 11 days. The regular trading sessions will resume only on January 4. Here is the latest update from the admin of PanaMoney (read my interview with him here):
“PanaMoney Christmas Holidays
According to the Terms of Service, December 23, 2009 – January 3, 2010 are non-trading days due to multiple Christmas and New Year holidays, including weekends. The trading will restart on January 4. Customer Support can be contacted through all means specified on Contact Us page. Live chat will be available Monday-Friday 9 am-5 pm Panama time (-5 GMT) except for December 24-25 and December 31-January 1.
Merry Christmas and a Happy New Year!”

The administration of InstantMoneyBets (interviewed here) warned members about spamming e-mails which are still circulating online soliciting money to some LR account and told us that AlertPay was still blocking their account so the withdrawals are still not possible to them :
“Some members received again a scam email with an special offer. This is a scam email/offer never send by us. Please delete it.
AlertPay still block our Account, we will write a email within the next 24-48hours with new instruction.
Martin and Michael”.

I have received a couple of complaints about missing payouts from XrateInvest today so I contacted the admin Karin and will wait for her response before moving the program to Problem status. Hopefully everything will be alright by tomorrow.

It seems that 4CountriesCapital stopped paying completely so my warning about the selective payouts made a few days ago was fair and clearly indicated that the program had some cashflow problems. Well, for now 4CountriesCapital is being moved to Not Paying status on my monitoring page and I suppose it’s gone already. Please don’t invest there anymore!

Many programs continue to pay me despite any winter holidays or quiet period. So to finish I would just like to let you know the programs from which I received payouts over the last 24 hours. They include:
GoldNuggetInvest, ArbsFund, ZenithInvetsment, 220Group, AbisMoney, Infinitum, NanoMoneyCorp, InstantMoneyBets, FaithInvestment, PanaMoney, StableInterest, StarkFund, DreamFunds, ArbisPro, GeniusFunds, KobelCapital, AsiaInv, RefMotor, CSMFinance, Flanita, IncoForex, MandarinInvest, AimTrust, InvestmentForge, Verifield, OneDailyPro, Investorum, Vegamex, MoneyPlus, FinanceNova, CedexInvest, PTVPartner, SantiVentures, GlobalFund, RosalinFinance and WestFinance.

That’s it for today guys! See you back here again tomorrow!