06/03/2010. GloboFunds Review and Other News

BEWARE! THIS PROGRAM HAS STOPPED PAYING! PLEASE DO NOT INVEST!

Salut everyone! Today I have left Paris and write to you today from the train to lovely city of Bordeaux and the banks of the picturesque La Garonne river where I will be for the next couple of days. No interruptions to Money-News-Online however so rest assured that you will receive all the important news updates on a daily basis as per normal. Except that the region is famed the world over for its wine production and as I am on vacation I hope you will forgive the occasional typing error for the next two or three days!

But getting back to business, before today’s news I’d like to have a look at a program I added to my monitoring page just last Thursday. It’s called GloboFunds and while it’s not exactly a brand new program, it is aimed at the longer term HY investment market so the age doesn’t have to be that much of a drawback provided the admin is running it properly.

GloboFunds is a long term HYI program with a number of different investment plans though you should be aware that the minimum amount to invest in any of them is $50 so this one isn’t for the casual player. If you are not prepared to take a bigger financial risk (and it’s ok if you’re not) then it might be best to look elsewhere. But if you are then keep reading! GloboFunds offers four individual plans that pay you by the day according to how much you spend. Not all of them are all that affordable to the average online investor but let’s look at them anyway and see what you like.

Firstly what I guess will be the most financially viable plan is open to deposits between a minimum of $50 and a maximum of $2,000. This plan runs for 120 business days (that’s 24 weeks) and during that time offers you 1.8% interest per day, paid 5 days per week. So what does that mean for the average HYI player? A $100 investment will get you $1.80 per day, adding up to $9 per week and $216 on expiry. Your initial deposit is already counted in these payments so don’t expect it back.

After that I guess a lot of potential investors might stop reading for the simple reason they can’t afford to go beyond that plan. But if you’re one of the ones who can, then let me briefly go through your other options. The second investment plan from GloboFunds starts at $2001 and runs for 150 business days (30 weeks). You get paid 2% interest every day, 5 days per week, until maturity. That means that your money is doubled over the course of the plan. If you’re more accustomed to high interest short term HYIPs that might not sound that great but for a long term plan like this then GloboFunds may find it a bit more sustainable and payments easier to meet. All depending on the overall cashflow of course. Maximum spend here is $10,000.

I doubt many readers are going beyond that but purely for information purposes I’ll tell you that larger deposits up to $20,000 are offered 2.3% interest for 180 business days and beyond at again (over 20K) then you get paid 2.6% per day for 200 business days. Needless to say if you can afford that kind of money then you hardly need my advice (you’ve done well enough without it!) but obviously you need to be thinking carefully before spending substantial amounts in any online HYIP. As long as you’re happy about that then we can move on.

The payment processors taken by GloboFunds are pretty good. The serious investors that they are aiming at should be happy enough with the list anyway, which includes AlertPay, LibertyReserve, PerfectMoney, and StrictPay. Bank wires are available for some larger deposits (over $500) so if that’s what you like then contact the admin for further info.

As for the design GloboFunds looks excellent. There is no other word for it. It’s highly professional and very comprehensive throughout. For example they have some good articles on the practical side of using the various payment processors which is very beneficial to those coming to the HYIP industry for the first time. The actual security of the program is also pretty good with one of the very best hosting providers protecting them from DDoS attacks. That of course is Dragonara whose track record is practically flawless in this area.

The script is a very customized version of GoldCoders with some nice extras. One of my own favorites was the rather excellent internal exchange function. This enables you (if you’re a member) to deposit via one of the payment processors, earn your profits, and then withdraw to another processor. That alone will catch the eye of many online players as it did mine. If you are already a member then you probably already know that it’s a simple matter of clicking on the “balance exchange” button in you’re member’s area. And if you’re not a member, well that’s how easy it is!

The customer support available to GloboFunds members is as good as any of the main HYI programs around today. There is the usual online support ticketing system where one of their operators will contact you in response to your questions, and also they have a live chat feature. Telephone support is also offered.

Overall I guess GloboFunds might look like a hard one to call if you are a new investor approaching them for the first time. I mean the program itself looks excellent and their track record is impeccable. But you could be forgiven for being skeptical after so long in operation. The outside business workings of GloboFunds are after all yet to be proven even after such a lengthy term online. Best to take them as you usually take any online HYIP, but in fairness to them they have proven themselves to be a little better than average over the last number of months. Fingers crossed it’ll continue for several more to come.

OTHER NEWS FOR TODAY.

I would like to start with some updates on Problematic programs and you know that closer to the weekend many programs stopped paying due to reduced cash flow around this time.

I have to move SantiVentures to Paying selectively status as I saw on forums that some members were not paid. From my own account I can see that small payouts requested later were paid while other larger payouts are being delayed. It seems that after 100 days online SantiVentures got into some trouble. The admin replied to me today and said there was a script issue which he hopes to fix by Monday. However this doesn’t explain in any way why the small payouts are being processed while the larger payouts get delayed. It’s definitely some trick but MNO will not buy it and I recommend you to stay away from this program and not to invest there. I will let you know if it’s safe again to invest in SantiVentures.

Two other programs have been moved to Problem status on my blog today including ProfitSeason in which I have a pending withdrawal request for over 48 hours (the admin hasn’t replied to me yet) and GlobalFund which site I believe is experiencing some difficulties because I can hardly access my account and was not able to withdraw my profits for the last few days. Anyway, I must say to you that GlobalFund was quite a sleazy program from the beginning which used to play tricks on investors asking the members to buy their Debit cards even though they invested via LibertyReserve. I believe this is still the case so the program will stay on problematic status until those issues are fixed. I don’t even believe this Debit card ever existed and definitely I never received any confirmation from those who ordered it. Anyway, please do NOT invest in ProfitSeason or GlobalFund anymore!

There is a strange situation with GeniusFunds right now. Most definitely theissues with the Canadian authorities scared off many investors and potential investors alike leading to some cashflow issues. For the last few days I have been told of at least a few cases where payouts have been delayed to such payment processors as StrictPay, AlertPay and LibertyReserve. Meanwhile all the payouts were quite large while the smaller payouts are still being processed pretty quickly. I don’t want to jump to any conclusions just yet but I think this is an issue every investor should be concerned about. I would like to ask my readers to let me know if they have any issues with their withdrawal requests in GeniusFunds and help me define the status of the program. I would not like to harm them because I’m aware that like any HYIP it depends on a positive cashflow from investors which was already hit severely by these troubles in Canada. On the other hand I simply cannot close my eyes to what is happening with large investors withdrawals and would like to warn my readers if GeniusFunds has some real issues. So I would like to ask your opinion, especially if you have bigger withdrawals there how they were handled over the last few days and if you experienced any strange delays or were not paid for some reason. I myself get paid daily but again my withdrawal amounts are not very big so they are being processed quite fast. I’m talking about selective payouts if you know what I mean. So I would greatly appreciate your help in this matter, guys. Don’t hesitate to contact me anytime at abramsonp@gmail.com

The program which is definitely paying selectively now and only for smaller amounts is undoubtedly NanoMoneyCorp. The administration of the program though failed to mention about these issues in their latest update on the site putting instead some rubbish about their participation in a First Online Nano-Globe Conference & Exhibition. I don’t know why this should be so important to investors who are not getting paid on time! Anyway, please be assured that NanoMoneyCorp will safely stay in On Hold status on MNO monitoring until the payments resume to larger investors as to smaller ones. Let’s hope it happens soon. Here is the latest news taken from NanoMoneyCorp website:
“NanoMoneyCorp Makes Its Way Nanotech 2010 – Nanotechnology Conference and Expo in June 2010.
We proudly announce officially, the group of specialists from NanoMoneyCorp is taking part in the upcoming First Online Nano-Globe Conference & Exhibition that will be held simultaneously on 6 Continents from 22 to 25 March, 2010 in Fully Equipped Virtual Rooms of the Global Web-Expo Centre.
This is the fist truly International Event designed by the highest level specialists throughout the Globe and aimed to strengthen the research and the innovation based cooperation on international scale.
Anyone who is interested will have the chance to meet leaders of innovation, find partners and forefront nanosolutions, as well as negotiate funds and get hot news from the field.
The administration of the NanoMoneyCorp company considers joining the First Online Nano-Globe Conference & Exhibition as the main step to the world’s largest and most anticipated
annual nanotechnology conference and expo Nanotech 2010, where our company is going to be represented as well. This event will take place in Anaheim, CA at the Anaheim Convention Center during the period of June 21 – 25, 2010.
The upcoming conferences will play a great role in the further company development and ways to reach optimal performance both for investors and the NanoMoneyCorp company.”

I have received a newsletter from Robert, admin of GoldNuggetInvest which is currently also in On Hold status on MNO. He has brought some slightly encouraging news for the investors. According to the latest update there is a possibility that soon the issues with the frozen GNI funds in Yesilada bank will be resolved. Also Robert promised to give another update to the investors next Tuesday. I hope it will be more specific about the future of the program and will actually give all the investors some hope as to when they should expect their pending withdrawals. I respect Robert as a professional admin and I hope this time the update will really deliver some real info regarding the current status of the program. Here is the latest newsletter for your information:
“GNI community:
I am very sorry for my absence in the last couple of days. I was (and still am) traveling to sort out our issues with Yesilada. – It is however too early to inform you if there will be a conclusion to this situation or not.
I will be back home on Tuesday (March 9th) morning and will address our member base the same day in the afternoon or early evening (GMT) about the outcome. I will also inform you about the future of GNI the very same day – and trust me, there will be a future!
Once again please accept my apologies for not having the time to address your questions and concerns, but I have to set priorities and the continuation of GNI as a whole is, and will always be, my top priority.
With best regards, Robert”.

Despite today being a quiet one for most HYIP admins I still received a couple of updates. The admin of BioEnergyFunds (reviewed here) reminded everybody that the withdrawal button would be disabled during the weekends. So please be aware that for the weekly withdrawals from the investment plans (8% for 2 weeks with the principal return and 8.5%-12% for 30 weeks with the principal included in the weekly cashouts) the withdrawal button will be enabled on Mondays and Tuesdays and for all other payments including ref commissions it will be open from Monday to Friday. So far the payouts from BioEnergyFunds were processed quite fast and I believe this is still a good program for investing. Here is the latest newsletter from the admin:
“Greetings everyone!
Just a quick reminder that withdrawals may be requested from Mondays to Fridays inclusive. However, cashout requests may NOT be made on non-business days (ie. Saturdays, Sundays and holidays). On those days, the withdrawal button will be closed.
All payout requests have been fulfilled to date!
We thank all members for your support of a greener world. We appreciate you!
Have a good weekend, The BioEnergyFunds Team”.

I wonder if the latest news about non-payout on Friday from BostonVenturesBillionairesClub, or BVBC (reviewed here) was just testing of how people pay attention to the news updates from HYIP admins. Because two monitors definitely didn’t pass the test and moved BVBC program to Problem status. So the admin (interviewed here) decided that he didn’t want to use the services of these monitors anymore and canceled their accounts in the program. I hope it will be a good lesson for those monitoring sites to actually read the updates from the admins of the programs they are monitoring and don’t jump to conclusions. Anyway, I can say that I was paid again from BVBC today and it seems everything is still ok with them. Here is the latest news:
“Most of you do read the News. There were two Monitors, that put us on a problem list since we didn’t pay Friday and Considering we finished all payouts today instead of Monday it was most unappreciated. We did send a news letter. Unbelievable that only few monitors do real work, these are who do read news letters and pay attention to their work, even mentioned it on their blog is Money news online and the others who are going to stay with us. Considering most 99% percent of monitors are paid to do a Job. We are removing Hyipranks and Hothyips, your accounts are canceled. Thank you and may every one else know this. Todd S”.

Other programs that paid me for the last 24 hours include the following:
HugMoney, AlphaInvestments, SmartTradersInv, PTVPartner, GeniusFunds, GloboFunds, GeneralIncome, MandarinInvest, NasMos, FinanceNova, XagaEnterprise, TheKapital, Skinex, EuroNanoInvest, CSMFinance, CelexProfit, XciteInvest, WaterInvestment, DepositPalace, EzProfit, Aballong, UmaxFunds, BVBC, WWFD, BiotechInvFund, DynFxTrade, OneDailyPro, ExceptionalFunds, AtoxFinance, ScootFx, MoneyPlus, Verifield, AimTrust, ForexNetClub, IncoForex, AtlantisMutual, Dragadox, WeeklyDividend, Plents, Eternidex, YesInvestment, GoldenInvestment and AvaInvestment (the first payment is received).

I have added two new programs to my monitoring today. The first one is called Super12Arbitrage and it’s a perpetual 12% weekly with no expiry program looking exactly like dozens of other similar ones. Such programs like this proved to be not very successful in the past but if you want to risk $20 (the minimum to invest) or more you’re welcome to do so via all the major payment processors accepted including LibertyReserve, PerfectMoney, SolidTrustPay, StrictPay and AlertPay. Please don’t expect the admin to tell you anything new about sports arbitrage as all the texts are borrowed from other sites. Super12Arbitrage is an obvious game and you have to wait for 9 weeks (over 2 months) before you’re actually in profit from it. However consider your chances to win some money because Super12Arbitrage just launched today and investing in a new program is usually less risky especially when we are talking about perpetual sports arbitrage programs liken this one. Super12Arbitrage is using a script where you need to buy shares each of them will cost you $1. It’s hosted on a dedicated server by HushHosting with no SSL installed at the moment. If you like the program I suggest you to invest while it’s still new for a better chance to be in profit. More about Super12Arbitrage can be read in a more detailed review which is going to be published next week.

The second program is HighYieldClub. It has been online for 40 days already and it’s offering two investment plans. The first plan will make biweekly payments of 20%-35% (depending on your deposit) every two weeks. After 8 payments your investment expires but you will not receive your principal back because it’s already included in the payments. In this plan your potential profit can be from 60% to 180%. The second plan offers daily payouts of 1.2%-1.5% for 240 calendar days. You will be paid every single day and your principal is also factored in the daily payouts. The potential profit from this can be from 188% to 260% which is higher than in the previous plan. However by investing in the daily plan it will take you longer to break-even. I will discuss the plans in more detail in my review of HighYieldClub which you’re going to read on my blog next week. What else to mention? The minimum to deposit in each plan is $5 and most major payment processors are accepted including SolidTrustPay, StrictPay, AlertPay, LibertyReserve and PerfectMoney. Please note that since the program uses a Neversay script you can only invest in units of $1. HighYieldClub is hosted on a dedicated server with HushHosting – a provider that has been quite reliable for HYIPs so far. There is a Live chat and Support ticketing system available on the website which is quite nice and well-organized. That’s it about the program for now – more after I receive my first payout.

That would be it for today. Enjoy the rest of your Saturday and see you on MNO tomorrow!