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

Hi everybody! Hope your weekend is going well so far. It’s been a slow enough day for news stories, as you probably know the weekends are usually quiet in the industry, but there are still a couple of updates that I’ll be getting to in a moment. First of all though I want to take a look at a new short term HYIP game called LiveProfits which launched just a couple of days ago.

The very first thing I noticed about the LiveProfits website was the design. No need to mention any names here but experienced players will recognize it immediately as being identical to a recent scam. I’m not suggesting a connection between the two and am well aware that this is more down to the designer than the admin, but it looks very lazy and if the admin actually paid for this template he should really have checked it out a bit more thoroughly first. I suggest he look for a refund. It’s full of statements that contradict each other and can only reflect badly on the program.

Anyway, if you are prepared to overlook that then keep reading and I’ll outline the plans. There’s five of them in total, all of them quite simple and all offering payment on expiry.

The first plan, or Level One as they call it, is open to deposits from a minimum of $10 to a maximum of $1000. The term runs for 7 days and you get paid 105% interest on expiry. The principal is included in that so that will be your one and only payment.

Investments in Level Two also start at $10 but can go as high as $50,000 if you like. The term runs for 10 days and on expiry of that you are offered a payment of 110% including your principal on expiry.

Level Three takes deposits starting from $50 up to a maximum of $50,000. At 20 days in duration the plans are starting to get a bit more risky but if you decide to play then LiveProfits offers you 125% including your principal on expiry.

Next is what LiveProfits calls the L3-VIP plan. This one runs for a term of 30 days and pays on expiry a final sum of 140% of your principal, which is included. The minimum investment is $100 and the maximum is $50,000.

The fifth and final plan is called the L4-VIP plan and it’s only open to deposits starting from $200 with no published maximum. The plan will run for 40 days and on expiry pays 160% of you principal back.

The list of payment processors being used includes GlobalDigitalPay, LibertyReserve, PerfectMoney, and StrictPay. Payments are going to have to be requested but the good news is that they are instant to all processors except GDP. When dealing with them you are asked to allow 24 hours.

LiveProfits is running off a script licensed from GoldCoders and is hosted on a dedicated Staminus server by DdoSWiz. They are also using SSL encryption to further protect the accounts. Good work which is unfortunately undermined by the poor design. Contact with the admin can be made through submitting a support ticket on the form provided or through Live Chat when an operator is logged in (it’s not a 24 hour service).

As for the outside business interests of LiveProfits, well, that’s a hard one to describe. Because the website template has been used in the past there are quite a number of contradictory statements made here. On one hand the home page and the FAQ page go to great lengths to explain they are “a diverse group of talented investors in the world of precious metals investing.” Then there is a tab marked ForEx that says “Our company makes profits from Forex trading.” So which is it? ForEx or precious metals? My guess is neither.

The FAQ page also contains a lot of contradictions as does the “information” contained on the page outlining the plans. It’s quite clear to me that a lot of the texts contained here were simply left over by the previous occupier of this website template and the new owner has made a shockingly poor attempt at cleaning the whole mess up and making the site his own. I can only imagine a rank amateur if not a first timer to be in charge here. Also contained is a seal of approval from the BBB (Better Business Bureau), an organization that monitors the standards and practices of companies to make sure customers are treated fairly and within their rights. However one visit to the BBB website is enough to confirm that they (of course!) have never heard of LiveProfits.

All of which means that this is a pretty simple online HYIP based game. Of course I could say the same about every other HYIP but LiveProfits is not a particularly well organized one. Assess the risks of getting involved for yourselves, and if you decide to join then spend accordingly.

OTHER NEWS FOR TODAY.

Ok, guys! It looks like Garrett did it again. I received many confirmations about payments having been processed. Somebody was even generous enough to return the overpaid payouts to PTVPartner (I truly admire such people). I have received a few complaints from my readers still and asked Garrett for clarification. He assured me that everybody had been paid in full in if you haven’t been paid yet there could be only three reasons why:
1) A four day lag that has been explained properly in the recent updates from PTVPartner,
2) anyone who has a double in the history that has not been corrected and does not have sufficient withdrawable balance to remove (meaning they intentionally tried to withdraw it or they forwarded the excess and reinvested it),
3) those members who placed the wrong account number in the fields, or give their email address to send their funds to, or their account name, or they don’t place a ‘U’ in front of the number if it is LibertyReserve or PerfectMoney.
So I have no reason to leave the program in Waiting status and have returned it to Paying status where PTVPartner occupies the #2 spot just as it did before their script issues and payout delays. I hope it will not happen again in the near future and that everybody will be paid from PTVPartner in full and without any delays from now on.

The #3 program on MNO Verifield (reviewed here) is seemingly back to normal again. Although I didn’t receive any reply from my account manager yet the instant payouts to LibertyReserve are working again and some readers also reported to me about their instant payment to LibertyReserve as well. I remind you that Verifield is paying instantly to both LibertyReserve and PerfectMoney on the following plans: 103% in 3 days, 108.4% in 7 days, 139% in 30 days, 196%-208% in 60 days. I think Verifield is just an astonishing program as to sustain such high payouts for over a year already (the program has been monitored by MNO since March 2009) requires an utmost level of professionalism in handling all the issues and obstacles that might arise along the way.

I’m glad that the admin of AlphaMoney which I reviewed on my blog last night (read the review here) took some lessons from my review and reacted immediately by assuring me that the issue with SolidTrustPay withdrawals would be resolved soon but since STP has no proper API for automated payouts they would have to be processed manually rather than instantly. True to his word he delivered what he promised and SolidTrustPay withdrawals from AlphaMoney are now allowed by the script. They just go to pending status instead of being processed instantly (like all other payouts lower than $100). I also found out today that AlphaMoney allows only 5 withdrawals per day. I wanted to withdraw 6 times as I received such a great response to my review and actually people seem to be very enthusiastic about the program that referral commissions simply bump all the records for low-ROI programs (please do not forget that there are two referral program types available and in order to receive referral commissions from AlphaMoney you’ll have to define the type for every single referrer). I guess many investors saw the uniqueness of the program and can see that it’s really different from others. I remind you that AlphaMoney offers you the following investment plans: 1%-4.5% for 100 business days (principal returned) and 2.5%-7% for 90 business days (principal not returned). The minimum to invest in both plans is only $10 and you can invest via five popular payment options (LibertyReserve, PerfectMoney, StrictPay, SolidTrustPay and AlertPay) along with Bank wires. As I said already payouts are usually processed instantly except for those to STP.

The admin of StereaFunds (reviewed here) added GlobalDigitalPay to the already accepted LibertyReserve and PerfectMoney. Now you can invest in both daily and weekly plans (1.5%-1.9% daily and 8.5%-10.5% weekly) by using three payment options. Here is the latest news from StereaFunds:
“We have added GlobalDigitalPay (GDP) as one of our payment processors. New members can enter their GDP account on the signup form. For existing members that wish to add GDP to your account, please send us a support ticket while you are logged in your account. We will add your GDP account manually due to security reasons. Thank you again for choosing StereaFunds as your investment partner.
Admin of StereaFunds”.

I have to move two programs to Problem status on MNO tonight. Eternidex has been moved due to many pending payouts I have in my account now. Forex4Expert seems to be paying selectively only to monitors and the admin didn’t reply to my emails inquiring about that either. Such a selective approach will not be tolerated by MNO and at this moment Forex4Expert is on Paying Selectively status. Please do not invest there anymore!

That’s all for this short Saturday news update. Before saying good-bye I will give you the list of programs that paid me today:
WealthyFunds, TrueEarn, MoneyBreeze, AlphaMoney, Aballong, FinitInvest, EuroNanoInvest, Plents, MasterTraderClub, Verifield, ForexNetClub, RedOrchidInvest, TheKapital, WaterInvestment, AvaInvestment, WestFinance, MyGrandFunds, AimTrust, GarantMoney, StereaFunds, InvestAward, YingYangInvestment (the first payment received) and PerellaInvestment (the first payment received).

I’ll see you on my blog tomorrow as usual with the latest news from the industry and another new review. See you then, folks!