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

Hi everyone! Well so far it’s been a fairly typical sleepy Sunday around the industry with not much in the way of news stories to report. Much like yesterday in fact, but I still have the main updates for you in just a moment. Before that however I’d just like to take a closer look at a recent addition to my monitoring page, a curiously named long term HYIP called YingYangInvestment. Well, I say “long term” but in reality YingYangInvestment is the latest HYI program to start offering perpetual “no expiry” style plans that only require you to deposit once before paying you regularly for as long as the program survives. Programs that offer such plans have an annoying habit of describing them as paying “forever” but we all know that’s not quite true. Could be a week, could be a month, could be a year. But not forever.

That being said there have been a number programs in the past that offered such plans and while not exactly lasting forever, did run long enough to give a good portion of their members a decent profit from their time there. So let’s see what YingYangInvestment has to offer.

There’s three plans in total to choose from, all of which are fairly typical of this type of program. Payments are made on business days only, so that’s Monday through Friday and interest rates will depend on how much you invest.

The first plan is open to deposits starting from a minimum of just $10 to a maximum of $500. In return you are offered 1.2% interest on that per business day, which will add up to 6% per week and see you break even after 84 business days (almost 17 weeks). You may withdraw your principal after 90 business days by the way (18 weeks) but as everything you are earning by then will be pure profit it’s something you should really think twice about.

For bigger spenders willing to try their luck with something between $501 and $2000 YingYangInvestment will pay you 1.4% per business day. That adds up to 7% per week and would see you break even after 72 business days. You can withdraw your principal after 90 business days, but as you should (in theory) be collecting a pure passive profit by that time personally I’m not sure why you’d want to. Then again, speaking as a monitor I’d stay there til the end anyway so maybe that’s just me. You do what’s best for you.

The final plan sees YingYangInvestment offer interest payments of 1.6% per business day on deposits between $2001 and $10,000. Up to yourself if you think the extra reward is worth the extra risk, assuming you can afford $2K in the first place that is! But if you can then you hardly need me to tell you that it adds up to 8% every week and will see you break even after 63 days and be in profit after that. Again should you wish to take your principal back and leave the program you may only do so after 90 business days.

The plans are ok I suppose. Nothing exactly groundbreaking but perfectly ok for a game like this. Something I don’t like about YingYangInvestment though is the poor choice of payment processor. Only LibertyReserve and PerfectMoney are being taken for now and while there’s nothing wrong with either of them it will still limit the attractiveness of the program. Keeping in mind that there is a very finite number of people out there playing HYIP games to begin with, offering a limited number of payment options like this will drastically reduce the number who will take you seriously. The FAQ page does seem to suggest this might be addressed sometime in the future, but I suggest the time to fix this is now.

Anyway, payments are manual so you’re going to have to request them. At the moment you are limited to receiving one payout per day but the admin has said that if the program becomes more successful this may change to once per week. By the way, it’s not stated anywhere on the YingYangInvestment website about just how long it takes to process your payment.

The security is decent enough. The website is hosted on a dedicated Staminus server with support and protection by Koddos. Better again though was the script. Not one we see everyday in the HYIP industry, it’s licensed from Gotenks who is something of a minor celebrity in the industry as a programmer of some international repute. Anything I’ve seen him involved with over the years has been exceptional, and that’s not limited to just HYIPs either but also surfing programs, e-currency exchange service providers, etc. A pretty diverse list but one thing they all had in common was that serious security breaches were all but unheard of so on that front YingYangInvestment could hardly have done better. But if you’re unfamiliar with it yourself then don’t worry, it’s really easy to navigate and user friendly. If I did have one criticism of it however it’s that the multi-lingual options do nothing. Along the left side of the page you are offered a choice of seven different languages to view the YingYangInvestment website in. Click on any of them though and you’ll just get re-directed to the same homepage where you start all over again in English. Not a big deal for me though. I just mention it in passing and the most important thing is that it’s secure.

When it comes to an outside source of income to support the payments to the members, to be blunt the admin doesn’t have a whole lot to say. But that’s ok sometimes too and I can read between the lines and appreciate a certain level of honesty. Almost a sort of “I’m not going to tell you lies, so I’m not telling you anything” attitude, and that’s fine by me. The admin says he’s a long term player in the HYIP industry and like the rest of us found out the hard way how things really work. An unusually candid approach there and one that I like. It’s still not going to affect my judgment that this is still an online HYIP game and subject to the risks that accompany it. But other than the limited number of payment options there’s not much else I don’t like. I can’t say it’s going to be a huge success story, but I wouldn’t mind if it was.

OTHER NEWS FOR TODAY.

PanaMoney (reviewed here) still holds the #1 spot on MNO’s ranking, outliving all other low-ROI programs and paying variable returns to investors since September 2008. Customer support just improved dramatically with the introduction of regioal representatives. You will be able to contact multi-lingual representatives of PanaMoney who will gladly answer your questions via phone or e-mail. Local representatives from 16 countries around the world and 5 US states can be found at https://secure.panamoney.net/rrp.htm Please note that more information about PanaMoney can be found out not only from the official representatives but also from my last interview with the admin Allen which was published on MNO some time ago and which you can still read here. The latest news can be found below:
“Dear PanaMoney client,
PanaMoney Technologies, Inc. placed a list of the company’s regional representatives at the website. Our representatives in different countries can assist you in your native language, if applicable, in regard to starting your managed Forex trading account with PanaMoney and other procedures.
Best regards, PanaMoney Customer Support”.

Good news for all members of MyGrandFunds (reviewed here) who are now able to request withdrawals and be paid instantly to both LibertyReserve and PerfectMoney accounts. While always getting paid pretty fast anyway, the introduction of instant payouts will surely make the program a more popular pick for those willing to join. The plans offered by MyGrandFunds include: 200% after 30 days, or 2%-3.5% for 90 days (principal is returned back on expiry). Here is the latest news informing the investors of that:
“There has no PENDING when you withdraw your profits or principal, that means you can got your money instantly!
No pending, no waiting, enjoy the perfect experience with MGF, that is all you need to do!
Regards, MyGrandFunds Team”.

The payouts in YesInvestment (reviewed here) will be delayed for up to 48 hours after a request for the period of 10 days during which their staff is allegedly on a holiday trip. I’m not sure if they have any staff at all as I’m pretty sure the program is successfully handled by one single admin. I remind you that YesInvestment offers two main plans paying 0.8%-2% daily forever or 3.5%-6% for 30 days. This is the news I found on the site of YesInvestment today:
“Start from 12 April 2010 to 22 April 2010, we are having company holiday trip. Only few of our staff working. Withdrawal payments will be late maybe takes 24hrs-48hrs and support team may reply your email longer than usual.”

It seems that not everything is so bright for PTVPartner just yet. I have received many complaints again today from members whose accounts were suspended for some reason and who don’t understand why this is being done. According to the latest newsletter from Garrett (the admin of PTVPartner) some accounts who received overpayments and hadn’t returned them and those who requested the payments to different payment processors than the ones they made their deposits with were the ones with the problems. I don’t quite understand why members should be penalized for it though, or why they are not replied to informing them of the reasons for the suspension of their accounts. This is totally unprofessional to say the least and will scare off any potential new investors surely essential for the survival of PTVPartner which as far as I can understand paid most of their reserves to the members recently. And quite sincerely I salute them for doing that! But sorry, I don’t believe in fairy-tales about magical silica, diamond, gold or other mines which cannot be disclosed. But I do understand the issues with the script and the database errors PTVPartner still has so I simply cannot recommend investing with them at this particular moment while these issues remain unresolved. And though I truly appreciate what Garrett is doing to revive his program every investor should think firstly about his own goal which will be to receive profits from any program and then only about the common good which I know sounds selfish but anything else is simply the wrong approach if you wish to play in the HYIP business. The fact that I have moved PTVPartner to Paying status doesn’t mean that I recommend it for investing especially taking into consideration that I still am receiving dozens of emails daily from dissatisfied investors with suspended accounts or whose profits were delayed, returned back to their account, or simply not paid. Sorry, but all these issues doesn’t instill any confidence in investors and I suggest Garrett and team to fix everything as soon as possible if they don’t want their program to be moved to Problem status again. Here is the latest news from PTVPartner:
“Dear PTV Members,
We thank you from the bottom of our hearts for your patience during the last week where many accounts were affected by our database corruption, and the subsequent measures we had to take to restore all data. Our staff has been working around the clock to get things back on keel.
TICKETS
We have deleted all current tickets because as we are finding the majority relate to 4 things:
1. Changing of Payment Processor details (now user-changeable again):
During the work there was an inability to change payment processor details without admin intervention. We found so many members trying to change their payment processor details to one they have not deposited from. You MUST request withdrawal to the payment processor you made your deposits from. We have re-enabled the ability for members to change their payment processor account details back to the one they deposited from. It is against our Terms and Conditions to request to the wrong payment processor. Accounts will be flagged that break this rule.
2. The lateness in investment plans expiring:
This is still a current problem, although the techs are trying to rectify it. The problem is when the date is changed manually, it introduces other errors into the database due to linking of the various tables there. At present, affected investments are expiring approximately 5 days later than shown in your back office. We hope that we can come up with a solution, but have not been able to do so yet. New investments made after the database corruption problem was fixed, will expire on time.
3. Extra payments received in your Payment Processor:
To expedite payments quickly for all withdrawal requests, we sent the amounts showing as withdrawal requests to members’ payment processors. These included some doubled ones and ones that were paid before April 2nd. We are asking members to send back extra payments to the same PTV account they were paid from. Please send back the extra payment with OVERPAYMENT and your PTxxxxxxx number in the memo. There is no need to send a support ticket. Those members who do not send the overpayment back will also be flagged. It has not been decided what will be done with those accounts, but we can assure you it is in your best interests to return overpayments.
PLEASE DO NOT SEND TICKETS FOR FRIVOLOUS MATTERS…THE TICKETING SYSTEM IS FOR SPECIFIC MEMBER ACCOUNT PROBLEMS!!!
If you still have double payments, doubled reinvestments and the like showing in your account, please send a ticket with the Subject Line DOUBLED FUNDS. They will be sent to the admin for correction.
PTV is back on track….
The Ultimate High Yield Asset for your Offshore Financial Portfolio!!!
Start the Experience … join PTVPartner to … Free your Life!!!”

Another program that has the same withdrawal issues now that they had two days ago is Verifield. Nobody has addressed the withdrawal issues with LR and my ticket has been left unanswered. Today I was one of many investors still encountering the same problem of not being able to withdraw instantly from our accounts. I think it’s time to move Verifield to Waiting status on MNO as I gave them every chance to fix it but they have chosen instead to ignore the issue by not updating the members. So I would not recommend investing with Verifield at this point, until all the withdrawal issues are fixed and the admin posts some explanation of it. Concerned members will be the real danger for the program now when they start pulling their funds out within the next few days. Then Verifield will be done for sure. So I’ll wait till tomorrow, Monday (since it’s the first business day in many countries), and if no reply or no action has been taken to rectify the situation Verifield will undoubtedly move to Waiting status on MNO. This I promise you, guys!

I have been paid from the following programs today:
AlphaMoney, WealthyFunds, ArbsTeam, LiveProfits, Oico, Aballong, OneDailyPro, TrueEarn, PerellaInvestment, Cashift, HighYieldClub, InvestAward, SureBetInv, YingYangInvestment, AvaInvestment, MyGrandFunds, FinitInvest, MoneyBreeze, WaterInvestment, YesInvestment, GoldenInvestment, EzProfit, TheKapital, InvestProxy, IncoForex, EuroNanoInvest, AtoxFinance, WWFD and GarantMoney.

I’ll see you on my blog tomorrow with the interview with the admin of TrueEarn (read the review of the program here), a detailed review of PerellaInvestment and the latest news from the industry. Stay tuned for that and check out my blog tomorrow!