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

Hi guys! I just remembered that today, the first day of April, is for many a traditional day of celebrating humor and practical jokes. And it can be had to smile in this business sometimes given some recent high profile events so let’s all hope that things will pick up again this month. One new program that definitely has at least the potential to kick-start April is called MyGrandFunds. This is a brand new medium to long term investment project launched just two days ago, so if it becomes as big as I think it could (certainly it’s at least capable) then it mightn’t be a bad idea to take a closer look and at least think about it.

MyGrandFunds has two plans for you to choose from. One that pays on expiry and a longer term option that pays by the day. The very first thing that struck me here though is just how well everything is explained to you. I mean there’s nothing all that complicated about MyGrandFunds itself, and anyone who’s a regular HYIP player will see that straight away, but they still go to enormous lengths to explain the entire process to anybody entering the HYIP arena for the first time. They start with how to set up an e-currency account, how to fund that account, and how then to deposit in their program. I’m going to skip all of that here of course as I’m assuming 99.9% of MNO readers will already be aware of all that, but it’s a nice touch that contains some useful information and an encouraging sign for the program as a whole.

The first plan runs for a term of 30 days and sees MyGrandFunds make a very simple offer – double your money on expiry. I’ve seen similar plans in the past and a number of online HYIPs have actually been quite successful at it. I don’t have a crystal ball or anything and can’t say for a fact that it’s going to happen this time, but the precedents are there and the signs are good. So this is what happens – you are required to make a deposit between a minimum of just $5. Unusually they don’t state a maximum figure to invest in this plan but don’t worry, if there is one then typically it’s well beyond the means of the majority of HYIP players. The total return paid on expiry is 200% interest. That figure includes your principal.

If 30 days seems like an eternity to you before seeing your first payment then MyGrandFunds have a longer term plan that makes daily payments. Which is fine of course but remember that it will still take you a bit longer to get in profit. And it’s a bit more complicated too (though not very!) with various rates of interest applying to how much you invest. The plan runs for 90 days and the minimum amount to spend is $10. Anything up to $250 will bring in a daily payment of 2%. That will see you break even after 50 days and finish with 180% profit. That will be in addition to your principal which this time will be returned.

For a bigger return – and it’ll cost you! – a deposit from $251 to $2000 will get you a daily payment of 2.2% interest per day. That will see you break even after 46 days and finish with a total of 198% profit which is in addition to to your principal, also returned.

Options a bit less affordable to most but also a bit more profitable are also available. For deposits starting at $2,001 up to $5,000 you are offered 2.8% interest per day. Over the course of the 90 day term that will see you break even after 36 days and finish with a total profit of 252% in addition to your principal which is then returned.

And finally for the rich and the brave MyGrandFunds offers a daily rebate of 3.5% on all investments of $5001 and higher. Over 90 days that means you would earn back an amount equal to your principal after 29 days and be in profit after that. The total profit at the end should add up to 315% and your initial principal will then be added to that. Maximum deposit is $30,000.

The plans are decent enough I think but where MyGrandFunds falls down a bit is in their choice of payment processors. Or should I say lack of choice? At the moment they are accepting only LibertyReserve and PerfectMoney, but if you are willing to get past that then they are quite a promising option. For those of you who like a little extra gamble there is also the option of compounding. Payments are made everyday, but you are asked to allow them up to 24 hours to have your request processed.

The design of MyGrandFunds is one of the best. A lot of other admins I could think of would do well to take note. Every aspect of the program is very well explained, although without over-complicating it either. And it’s quite user friendly and easy to navigate. The script itself is licensed from GoldCoders but it has been heavily customized. The website is also protected with SSL encryption which at this stage should really be a minimum expectation of any online investor. MyGrandFunds is hosted on a dedicated server supported and protected by Dragonara, whose reputation as one of the very best in the business is widely acknowledged. It’s a good website overall, keeping in mind that it takes more than just a good website to make a good HYIP. But it’s a start. They’ve even thrown in a couple of handy tips on keeping your account and your computer protected from unwanted “visitors”. Mostly just common sense of course but nonetheless good to see.

Contact with the admin can be done through the e-mail support ticketing system you will find on their contacts page. They also provide an address in the Cayman Islands accompanied by a telephone and fax number. And while clearly I can’t verify the authenticity of the address (though I wish I could!) they do say that MyGrandFunds is “registered” at that address rather than explicitly stating that it’s also where they work from.

Just in case anybody is interested there is quite a lot on the business activities of MyGrandFunds, though to be honest it says very little. References are made to the provision of various financial services but it’s all a bit vague. I wouldn’t pay much attention to it anyway and it’s unlikely I’ll even go back and read it a second time. If it’s all true then it still guarantees nothing so better just to treat them as any other online HYIP with the spills and thrills that go with it. But based on potential, and frankly that’s the only thing I can honestly assess about any online HYIP, MyGrandFunds might not be a bad medium term addition. With so many recent high profile closures I’m pretty sure there’s room for a good program in most peoples portfolios. Maybe MyGrandFunds is it. Maybe. Just remember to keep it sensible, keep it affordable, and don’t put yourself in a situation where you depend too heavily on HYIPs for too much of your income. On a day when humor is celebrated this business is much better when it’s fun.

OTHER NEWS FOR TODAY.

First of all I would like to calm down the investors of PanaMoney (reviewed here) because from my understanding the site is not available only in some parts of the world (I can’t access it for over 24 hours already myself), however many people reported about having been paid in forums and about the lack of issues with the site’s accessibility. I would be grateful if those who could access the site tried to chat with Live Support there and ask them when the site is going to be accessible in every part of the world. The problems with accessibility of PanaMoney could affect the site’s performance and I would appreciate if the admin could give us any update on the current situation. Please report all the info you get from PanaMoney to my email abramsonp@gmail.com

I would like to give a follow-up on yesterday’s rant on PTVPartner (reviewed here). Honestly, I was just being kinda cautious in my evaluation of the recent script issues in PTVPartner and rightly so. If you remember after what I said about GeniusFunds just one week before its official collapse I received a flood of angry emails telling me that I’m destroying a good program and actually advise me to shut up (I’m not exaggerating!). However I still believed I was right in reporting the problems in GeniusFunds and those who listened to my advice didn’t redeposit in the last week its existence and saved their money. So after my speech on PTVPartner last night I was afraid it would not be understood correctly by the program’s members and mostly by the admin Garrett. However to my pleasant surprise Garrett got my point perfectly and answered my concerns in a very professional manner. I can say straight away that I agree with most of the points he mentioned and I’m glad that he will not be suspending the accounts of members who tried to withdraw more than they originally had in their account due to some script errors. However I would still like to say that in my opinion it’s of utmost importance to ensure that the script works properly for the future of PTVPartner and I don’t agree with the point that the program absolutely doesn’t depend on the cash-flow like I stated. I heard these statements too many times before and I really don’t believe in them. The recent recession gave us perfect examples of many proper banks collapsing. My bank back in Russia had the same issue a few years back when a wave of panic caused by the mass withdrawal of funds, ie everybody wanting all their money at the same time, almost led to its closure. It was only prevented by another larger bank buying them out and taking on the debts. So even if proper financial institutions are heavily dependent on cash-flow then PTVPartner as an online HYIP is no exception. I believe though that MNO readers are smart enough to read between the lines and understand that PTVPartner must fix all the script issues before it might be considered as a “safe harbor” for your investments. Especially I’m eagerly anticipating the addition of Bank Wires and the issuing of their own Debit card as once it’s done PTVPartner will definitely be streets ahead of their competitors. And by the way, today I received two of my pending payouts so hopefully PTVPartner are getting back to normal. I would like to emphasize that we can only judge that after a few days of stable work. Thanks for reading and trying to understand my point of view on PTVPartner. Don’t panic, but don’t forget that the same rules of business and finance apply to them just as surely as they do to you and I. That’s all I was trying to say. Here is the latest newsletter from Garrett (you can read the latest interview with him here):
“Important Update
Account Suspension
After further discovery, it is evident that many members did not intentionally attempt to withdraw funds that were improperly posted to their accounts.
We have decided NOT to suspend the accounts that attempted to withdraw excessively posted returns. Therefore, we are going to make the corrections, as we can discover them, and allow the account to stay intact.
This is a grueling process. Therefore, in order to make the corrections, those that have pending withdraws and a double return or double referral fee, will find their withdraw request canceled, the correction added to their history, and the withdraw can then be re-requested. It is the only way we can properly overcome this headache.
This also is the reason that some of the payouts are not completing in the usual timeframe. However, we are still completing most all of them in the 24 to 48 hour period. There are some accounts that take enormous time to correct. Those accounts are being set aside and corrected after the bulk of the days batch is completed.
We know you will find this as good news. We sincerely apologize for any delay you have experienced. We have all worked extreme hours to correct this error.
Money News Online – Rebuttal
Paul: “I’m afraid these script errors and issues can negatively affect the cashflow of the PTVPartner program within the next couple of weeks as I saw many programs before that collapsed due to similar problems. So if you consider to invest in PTVPartner at the moment I would advise to wait for a week or so and give them a proper chance to get everything fixed.”
Garrett: We do not have a cash flow problem. But we cannot just pay twice as much to everyone affected. Therefore we must take the time to visually check each transaction history for every single withdraw request to determine if double posting are included. If not, we will then make the payouts to all those not affected. Following that we will correct the accounts affected and the withdraw can be re-requested.
The double posting problem has already been corrected. Now the only thing left to do is correct the history of the accounts affected. Your are free to withdraw and deposit as you see fit.
Paul: “The withdrawal requests are also taking longer than usual now and I had all my pendings cancelled tonight due to script miscalculations.”
Garrett: All withdraw requests not affected by the double post have been completed on time and in full.
Paul: “Honestly I don’t see why the latest newsletter from Garrett (interviewed here) holds the members responsible for withdrawing extra money – the error is on PTVPartner’s side so it should be rectified as soon as possible and while it’s possible. I think it’s unacceptable to blame members who try to withdraw from their account balances due to the script issues.”
Garrett: Although we never held members responsible for the error caused by our script, we were feeling as if many took or attempted to take advantage. However, after reading Pauls statements and discussing the situation with several members, it was apparent that in many cases the members did not realize they were requesting withdraws in excess of what was correct. So we decided not to suspend any accounts and only make the corrections and then move forward.
Paul: “And one more point: with the recent hacking incidents in so many other programs and daily closures, the investors’ mood is focused mostly on withdrawing funds and not re-depositing them back into any older programs so this factor can also play a crucial negative role in the future of PTVPartner”
Garrett: This factor won’t play any role on the future of PTVPartner whatsoever. We realize that many members are fearful because of what has happened at various other programs. If they want to pull out funds from PTVPartner accounts they are free to do so. This will not affect our program. We are NOT reliant on your deposits to continue. Take whatever you need or want. It’s your money, it’s your investment, it’s your decision.
Paul: “Let’s just hope that Garrett which I truly consider as one of the best and most talented HYIP admins will be able to rectify all the issues and turn PTVPartner back into the vibrant and growing program that we all know it can be.”
Garrett: Thanks Paul, I appreciate that. Understand, for us, we see nothing but Blue Sky on the horizon.
Bank Wires are coming soon.
A New Debit Card will soon be available.
A new Server Cluster is being configured today (reason for today’s downtime)
Numerous new features are being added.
Membership is growing by leaps and bounds. We have had a massive influx of new members since the closing of GNI and GeniusFunds. Members are finding PTVPartner a safe harbor and a refreshing change.
New investment opportunities are happening for the PTV Group which only improves the opportunities for PTVPartner.
We are not going anywhere. We are Vibrant and we are Growing. This is nothing but a speed bump on the Road that is PTVPartner.
The Ultimate High Yield Asset for your Offshore Financial Portfolio!!!
Start the Experience … join PTVPartner to … Free your Life!!!”

I’m glad to report that I was paid today on expiry from the most profitable plan of 191% after 8 weeks from ForexNetClub (reviewed here). As you might remember from my review and interview with the admin of ForexNetClub (read it here) the program pays on three plans on expiry with a minimum $50 allowed to invest in any of them: 109% after 2 weeks, 128% after 4 weeks and 191% after 8 weeks. Since my review was published the program started accepting also PerfectMoney and even Bank wires which was a good addition to LibertyReserve which was the only option initially. Due to the coming Easter holidays though the Bank wires would not be credited to members’ accounts for 5 days. More good developments from ForexNetClub came with the introduction of their Facebook and Twitter profiles which will definitely help the program to network further and socialize and get in closer contact with the membership. After two months online ForexNetClub already reached #11 on the MNO rating and I believe it’s only the beginning of its further growth which will be faster now that the first payouts on the most profitable plan have been processed successfully. This is the latest news for all the members of ForexNetClub:
“Due to the Easter Public Holidays on Friday 2nd April and up to Tuesday 6th April, we will not be credited with any bank wires. Any bank wires received during this time will be credited to your ForexNetClub account on Wednesday April 7th. All outgoing bank withdraws will not be able to be processed during this time period as well. ForexNetClub Ltd. payments will be processed on Wednesday 7th April.
We apologize for any inconvenience.
We are very glad that you are here with us and you have trust in our services. These times are hard times for everyone and so many dreams disappearing away. The clouds over the sun of your financial independence will quickly disappear away and we will help you to do this! ForexNetClub Ltd. is your biggest partner in the most hard to achieve economic purposes that you have!
In order to keep you updated with everything that happens inside our company, we have launched a twitter – http://twitter.com/forexnetclub and a facebook group – http://www.facebook.com/group.php?gid=108362945856198. Please follow us and populate the group, this is our tool to socialize. Members can share their experience there, can post testimonials. Referrals links are allowed, but please don’t spam the facebook.
We hope that we are in the teen-spirit with this upgrade and we want to assure you that everything is going well! Let us enjoy the financial peace, with ForexNetClub Ltd.
Do not hesitate to contact us with any question you might have.
ForexNetClub Ltd. Support Department”.

Due to the Easter holidays StrictPay payment processor also announced about the bank holidays and therefore about the wire delays in both funding your StrictPay account and withdrawing from it. Please note that the check withdrawals will only be possible to be processed on April 7th due to the same reason – Easter banking holidays. Please take note of that if you deal with StrictPay:
“StrictPay Customers
We wanted to inform you that some of our banks are going to be closed in observance of Easter. We will not be credited with any wires on from Friday April 2nd through Tuesday April 6th. Any wires received during this time will be credited to our account on Wednesday April 7th. Our outgoing check withdraws will not be able to be processed during this time period as well. Due to these holiday days for our bank, these days will not be counted as business days.
As always, we appreciate you choosing StrictPay as your online payment processor.
Thank you. StrictPay administration”.

AvaInvestment (reviewed here) is back to normal today and I was able to log into my account again. I was paid fast after withdrawing and I can recommend investing with them again. I remind you that the program accepts LibertyReserve and PerfectMoney in two investment plans: 2.8%-3.6% for 50 day and 14%-20% for 15 weeks.

ScootFx (reviewed here) reported about the issues with PerfectMoney payment processor and asked for patience while they are trying to fix it:
“We have some problems with PerfectMoney payment and try to solve it as soon.
Regards, ScootFx Group”.

Cashift (reviewed here) experienced some issues recently which according to the admin of the program have been solved successfully with the help of their hosting provider Koddos. I remind you that Cashift is a program with two short-term plans. One of them is paying 10% for 12 days with daily payouts, and the other one is paying on expiry 135% after 12 days. Here is the latest update from the admin of Cashift:
“Our server was down due to a network problem for a couple of hours. It is back online now. KODDOS did a great job once again to ensure that we get back online in a short time. Our site loads fast again. Thank you.
I just processed all the withdrawals.
Much Regards, Owen Dawson”.

Guys, I don’t know if I should mention every single phishing email on my blog as I think I repeated many times already that such emails from already closed programs must not be trusted. Sometimes even the still functioning programs are using these sneaky tactics to steal your sensitive info and eventually empty your payment processor accounts. However I keep receiving many emails from MNO readers where you ask me to warn people or even try to go to the links specified causing a bit of danger to yourself and your personal security. So I will repeat again: do NOT click on any links sent by the program admins (especially proven scams), always make your investment only from the sites and not directly to accounts and ignore all the begging letters about some kind of confirmation of your account. Here is the phishing newsletter I was asked about (due to security concerns the links were modified not to be clickable):
“This activation in only for withdraw in liberty reserve and perfectmoney!
activation for alertpay and strictpay will coming soon!
To receive your withdraw, you only will need activate your account, and in end of confirmation you will receive a bonus of $15.
The activation process is 256 ssl bit secure and after end the verification no one will can make changes in your account, and your account will be safe!
To activate your account click the link below or copy and paste it in your browser:
* FOR LIBERTY RESERVE VERIFICATION, click this link if you want only receive withdraw in your Liberty Reserve Account:
http://72.20.53.xxxx/confirm.htm
* FOR PERFECTMONEY VERIFICATION, click this link if you want only receive withdraw in your perfectmoney Account:
http://72.20.53.xxxx/confirmpm.htm
After end the verification your account will get a bonus of $15!”

I hope you will be more careful with HYIPs from now on and will not allow some scammers to steal from you like this. If you have any more questions please do not hesitate to contact me using the new contact page on my site and please remember that I have only one email: abramsonp@gmail.com and all the emails sent to you from different addresses trying to take advantage of my good name are spam. Please just ignore them and try not to encourage scammers by joining programs via the links sent by persons unknown to you.

I have been paid today from the following programs:
PTVPartner, OneDailyPro, WestFinance, WaterInvestment, Oico, TheKapital, RedOrchidInvest, SureBetInv, Aballong, ArbsTeam, Eternidex, XZFinance, GarantMoney, EForexInvestment, InvestAward, ForexNetClub, HighYieldClub, Verifield, IntermedInvestments, MyGrandFunds, Cashift, DynFxTrade, Forex4Expert, CottonFunds, StereaFunds, AimTrust, IncoForex, EuroNanoInvest, AtoxFinance, InvestProxy, PrimaryPool, SotInvest, EzProfit, Plents, GoldenInvestment, YesInvestment, AvaInvestment, ExceptionalFunds and FinitInvest (the first payment received).

That’s all for today, guys! Check out my blog tomorrow for the review of FinitInvest and more news from the Industry. See you then!