14/02/2010. Interview with the admin of GrabFund

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

Hi everyone! And Happy Valentine’s Day to all the lovebirds out there. And if your all alone this Valentine’s Day don’t worry. MNO still loves you!

Anyway, getting serious for a moment today I have an interview with Richard from GrabFund. That’s a new short term HYI program that was added to my monitoring page at the start of the month and they’ve been winning their fair share of admirers with their no nonsense approach and their fast and timely payouts. Pretty much what you want from a short term HYIP then isn’t it? It’s a fairly competitive field out there at the moment for short term programs but GrabFund have been holding their own it must be said. The admin is I believe an experienced one so let’s hope they can keep running for a good while yet.

Before we get to Richard and his interview let me remind you that GrabFund offers two investment plans that offer 112% after 3 days or 144% after 10 days. If you’d like further information on any of the topics raised here you can contact the admin through the GrabFund website, but first refer back to my original review of the program published here.

“1. Hi Richard, please introduce yourself to the readers of MNO and tell us about your own role within GrabFund. What are your own duties within the program? How would you describe a typical working day for you as an admin of an online investment project?

Hello Paul and my dear members. My name is Richard and I am the manager of GrabFund. I administer the whole program, including the payouts, support tickets and security. I spend most of my time online managing the program. I don’t mean I don’t spend any time for my personal life. Indeed, some time is set aside for my personal life, but most of my time is dedicated to managing my program. I have experience of about five years in the field of finance and business administration.

2. Can you also give us some background on the program? How long have you been running? What were you hoping to achieve by starting it in the first place? Apart from you is there anybody else working on GrabFund?

GrabFund is an online investment opportunity set for all people around the world to earn an additional income online. GrabFund has been online for 11 days right now, and so far I am impressed with the growth of the program. In addition to me, there are a few other persons working with me, to handle the trading activities, payouts and support tickets.

3. What about the investment plans? Can you explain them in detail to us? What are the minimum and maximum amounts for investment, what rates of interest are on offer and how long do they run for?

GrabFund offers two investment plans for the members.

The first plan is a 3 day plan, which returns back your profit including the pincipal, on the 3rd day after which you had made the deposit. This plan offers a total return of 112% after 3 calendar days, of which 100% is your principal and 12% is your profit. The minimum investment required to enter into this plan is $5 and the maximum investment allowed is $2,000. Suppose you invest $100 into this plan; you will be getting back $112 on the 3rd day after which you had made the deposit.

The second plan is a 10 day plan, which return back your profit including the principal, on the 10th day after which you had made the deposit. This plan offers a total return of 144% after 10 calendar days, of which 100% is your principal and 44% is your profit. The minimum investment required to enter into this plan is $75 and the maximum investment allowed is $24,000. Suppose you invest $100 into this plan; you will be getting back $144 on the 10th day after which you had made the deposit.

Another interesting feature GrabFund offers is the affiliate commission. The referral program allows members to refer others with their unique referral link which can be found in the Members Area, and earn 6% of the investment made by the referral. Suppose you have a referral and that referral makes a deposit of $100 in any of the two investment plans; you will be earning 6% of that $100, that is, $6. You need not have an active deposit to earn from your referrals, that is, even free members can earn from their referrals. There is no limit to the number of referrals which you may have. The more number of referrals you have, the more will be your earnings.

Please note that you should not, in any case, create multiple accounts to earn referral commissions. All such accounts will be terminated and all funds in those accounts will be frozen.

4. Tell us about the payment options available from GrabFund. What payment processors are you currently dealing with?

GrabFund currently accepts the most widely used payment processors; LibertyReserve, PerfectMoney, StrictPay, SolidTrustPay and AlertPay. Members can invest with any of the payment processors listed above. Our StrictPay, SolidTrustPay and AlertPay accounts are all business verified.

5. How highly would you rate the security of your own website? Tell us about your hosting provider and how highly would you rate them as a service provider?

GrabFund website is hosted on a dedicated server for the fastest loading times and best security. For protection against DDoS and other malicious attacks, the program site is protected by DDoSWiz, which provides one of the most efficient anti-DDoS service.

6. What about your script? Who is the provider and what do you think the benefits of this script are to both the admin and the investors?

GrabFund uses a licensed version of GoldCoders script for the best and high level security. GoldCoders script is well known for its high security features and ease of use, and is the most widely used script for online investment programs.

7. What kind of customer support do you offer? What is the best and most efficient way to contact you if I have any questions? Do you plan to expand of this, like adding Live Chat support for instance?

GrabFund offers an express 24/7 customer support for all members and visitors. Customers can contact the administration by creating a support ticket using the support form.. All enquiries will be answered within 24 hours.

I do have a plan to add Live Support and you may see that feature soon.

8. In my review of your program I mentioned that I thought your explanations of your own plans was poor and likely to discourage newer HYIP investors from getting involved. How would you respond to that and are you planning to change it?

Paul, that was not a big problem. The only thing that is missing out is the minimum and maximum deposit details. All other details, including the return percentages and investment term, have been clearly mentioned in the homepage. Members can see the minimum and maximum deposits in the Members Area, after signing up. If members really feel to know the minimum and maximum deposits of each plan, they can indeed know the details in the Review By GrabFund section, which can be found on the left hand side of the program homepage.

9. What other outside business and investment activities are GrabFund involved with? What are you doing with your member’s money and how are you generating such huge profits? Can we see any proof of these activities?

GrabFund is an online investment program set for all the people around the world to invest and earn money. We deal mainly in Foreign Exchange trading and stock markets and generate about 95% of the profits from those activities. The rest 5% of the profits generated are from our involvement in some small online businesses and investments.

10. Your program offers 44% pure profit in ten days. As an experienced online HYIP player how long do you seriously think that can run for?

I don’t think returning 44% pure profit in 10 days is very high, as when compared to the returns of other online investment programs. Returning 44% in 10 days is indeed very stable as far as the profits we generate daily are concerned and I am sure it can run for a very long time to come.

11. Are there any plans to develop GrabFund further in the near future? Will there be any interesting changes made soon? How are you planning to keep the program competitive with so many new HYIPs opening every day?

GrabFund has all the necessary features required for an online investment program. At this point, you may ask about the Live Chat feature. You may see that feature soon.

We are doing good advertising to make the program competitive with the other programs around. You can already see GrabFund banner ads in some of the most good monitoring programs around.

12. And finally is there anything else you wish to say not covered in this interview? If there was just one thing you could say to investors to get them to join your program before any other then what would it be?

I think I have already answered most of the common questions that would have been asked by a customer. And I hope I have replied to all the questions to your satisfaction. And yes, I would like to say one more thing. As with all investment programs, whether it is offline or online, there is always a risk associated with it. But I will to my best, try to minimize the risks and serve my customers to my best.

Thank you Paul for the questions you have asked me and I feel really great after answering all those questions.

All the best, Richard.”

Thanks a lot to richard for that and I hope his program is a great success and a profitable experience for all the investors who take a chance on them. That’s about it for the moment guys, but as seems to be the case more and more often these days I’ll be back a little later tonight with a full round up of all the day’s important news stories as well as a new review of one of the new programs added to my monitoring page. Until then enjoy your day!