15/04/2010. HYIPnet Review and Other News

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

Hi everybody! Time to get back to a shorter term program this evening I think, and one interesting project added to my monitoring list earlier in the week is a brand new program called HYIPnet. An interesting name insofar as very few HYIPs would actually like to describe themselves as such. And with a name like that there’s absolutely, positively no excuse for thinking this program is something that it’s not! But overall I liked it. There’s a few things that could be improved on of course (there always is) and I’ll get to that in a moment, but for now I’d be reasonably positive about HYIPnet‘s chances of getting popular.

The plans available are quite simple and will probably be considered attractive enough by many investors. At first glance the interest rates may not appear all that high, but they are more sustainable and in the long run that’s what’s going to be more beneficial to the members, i.e pay a bit less but pay for more cycles. There’s three plans in total to choose from, in which HYIPnet pays you by the day in one of them and on expiry in the other two.

I’ll start with the daily plan which will probably be the most popular, although regardless of your own preferences it’s good to see that all the plans have a very affordable minimum investment amount. And here that minimum is just $10. Anything from that up to a maximum of $200,000 will receive daily payments of 4% per day for a term of 30 business days. In other words you get paid 4% interest five times per week for six weeks. So let’s say you were to invest $100. That would bring a return of $4 every day from Monday to Friday for six weeks, giving you $20 per week and $120 in total by the time of expiry. This is the total amount you will receive so remember your principal is already factored into the payments.

Of the two “payment on expiry” plans the shorter one runs for 15 business days, or three weeks. The minimum and maximum levels for investment remain the same though, at $10 and $200,000 respectively. You will receive one single payment on expiry which is of 115%, principal included.

The other on expiry plan runs for 30 business days which is six weeks. The min/max levels remain $10 and $200,000 respectively. On expiry you are promised a once off payment which includes your principal of 140%.

As you can see none of the plans are offering returns that could be described as sky rocketing and it’s true that there are other short term programs with similar length plans offering much bigger payments, but the key word here is “sustainability”. Of course everything in this business comes back to cash flow so obviously HYIPnet is going to need the support of investors. Without that a program, any program, is nothing. But it’s good to see that the admin isn’t putting too big a strain on the program’s resources and, if handled correctly, there’s no reason why HYIPnet can’t run for a significantly better number of cycles that many of it’s short term competitors.

Perhaps the only thing I really don’t like about HYIPnet is the poor choice of payment processors. Your choice is between LibertyReserve and PerfectMoney, so be well aware of the consequences of contacting either of them in the event of a dispute. They don’t want to know about it so just make sure you’re just as comfortable with the idea of potential losses as you are with potential profits. On the plus side however HYIPnet have massively compensated for the poor choice by introducing instant payouts. You’ll still have to log in and request your payment but once you do it should appear in you e-currency account within a matter of seconds. Of course LR and PM aren’t the only ones accommodating instant payouts so I don’t see that as any excuse to limit the customer’s choice, but at least it takes the sting out of it for a while.

HYIPnet is hosted on a dedicated Staminus server supported and protected by DdoSWiz. They are also using SSL encryption as certified by Comodo. The script is licensed from GoldCoders and customer support for any other issues is available via an online e-mail ticketing system.

The very fact that this program is even called “HYIPnet” should be enough to pour cold water on any notion that it may be some sort of viable financial institution. But nevertheless what do we find on the homepage only reams of second hand information on the ForEx market where HYIPnet claim to be trading. They have a downloadable widget at the side giving the exchange rates between various currencies. You can see the same information in your morning newspaper, and you can see for yourself that if you were to be a successful ForEx player these currencies simply do not fluctuate in value enough to even remotely support the rates of interest offered by any online HYIP, including HYIPnet.

But I guess these cover stories are part and parcel of the HYIP business and it’s almost expected that you say something along those lines. But purely as an online HYIP, HYIPnet isn’t a bad prospect at all. Apart from the lack of payment options (and that’s something easily fixed) it has a lot going for it, it’s a decent website, is sustainable in HYIP terms, and if properly managed could outlive many of it’s competitors. Just remember that as the name says, HYIPnet is a HYIP, and needs to be treated as such. But at ten bucks to join it wouldn’t bankrupt anyone if they made it part of a wider portfolio.

OTHER NEWS FOR TODAY.

The admin of TrueEarn published some stats of their growth after 11 days online. According to them the program reached over 2400 members who deposited about $130K in total with over $32K paid out. If the stats are true the level of growth is really healthy and we can expect a good run from them. I remind you that TrueEarn (reviewed here) accepts all major payment processors to three highly-profitable plans paying 116% after 4 days, 145% after 10 days and 210% after 20 days. The program has been good so far and the payouts have been processed pretty fast. In the latest newsletter the admin Scott (interviewed here) invited members to discuss his program on various popular forums as well. Here is the update:
“I am very happy to share that TrueEarn has crossed 2400 members today. Well, let me give you all a quick look into the stats of TrueEarn.
Total Members : 2411
Total Deposits : $129,394.48
Total Withdrawn : $32,078.93
Refer your friends to our program with your referral link so that you can earn 5% commission from your referral’s deposit.
Also,Please vote for us each time after getting paid. And I’d be very happy if you could join our discussion forums:
DTM forum
http://www.dreamteammoney.com/index.php?showtopic=96119
GT forum
http://goldentalk.com/t44510.html
MMG forum
http://www.moneymakergroup.com/True-Earn-Truearncom-t343211.html
TG forum
http://www.talkgold.com/forum/r288973-.html
Help us spread the words out that we are paying!
Best Wishes, Scott”.

Good news came from PerellaInvestment (reviewed here) as well. The payouts to LibertyReserve and PerfectMoney are now instant and the instant payouts are coming to AlertPay as well pretty soon. I guess this will make the program paying 3% for 70 calendar days even more popular among investors provided there is so much choice of different e-currencies. The main threads on the main forums also have been named by the admin open for discussion of PerellaInvestment in the latest update published below:
“Dear Investors!
Now you can withdrawal your money instantly through LibertyReserve and PerfectMoney!
Coming soon instantly withdrawal for AlertPay!
Read a review of PerellaInvestment on MNO:
http://money-news-online.com/blog/2010/04/13/12042010-perellainvestment-review-and-other-news/
You can leave your feedback on our services in the following threads if you want to:
TG: http://www.talkgold.com/forum/r287754-.html
MMG: http://www.moneymakergroup.com/Perella-Investment-Pere-t341098.html
DTM: http://www.dreamteammoney.com/index.php?showtopic=95269
Thank you. PerellaInvestment”.

The admin of InvestProxy took the time to explain a unique feature of the online stats to the members of the program enabling them to actually see the changes in real time. This will help you to control the investing stats and change your investment strategy accordingly if you are a seasoned investor. Apart from the longevity of InvestProxy (it’s been running for nearly 200 days now) the program can boast a wide variety of payment processors and a good choice of investment plans starting from paid on expiry plans like 108% after 7 days to paid weekly plans like 11% for 26 weeks with the principal returned on expiry. More about the plans and the program itself could be read in my detailed review published here. I just want to add that I’m quite pleased with my experience with InvestProxy so far as all the payouts are being processed in time and the administration is always available providing fast support for all your requests. InvestProxy should definitely be in your portfolio in my humble opinion. Here is the email received from InvestProxy today explaining the stats page in detail for the benefit of its investors:
“Subject: Understanding The Payments Proof Page
A number of people have written to us to explain to them the texts on the payment proof page (https://www.investproxy.com/payproof.php). For the benefit of all, each of the 4 payment proof tables is going to be explained.
The first table on the left of the page has the heading: :: Oldest 30 Pending Cashout. If it is not self explanatory, it means pending cashouts. When you withdraw money from your InvestProxy account, it is first placed here before the cashout is processed and the payment sent to your payment processor. Whenever a cashout request is made, this is the table where it is first displayed before being processed.
The second table on the left of the page has the heading: :: 40 Latest Paid. All recently processed cashouts are placed here. In other words, when your cashout has been processed and your money has been sent to your payment processor, then the cashout is shown under this table. Only 40 recently paid cashouts are shown here. So this is frequently updated when new cashouts are processed.
Now, the first table to the right of the page with the heading: :: Top 10 buyers. There are actually 20 top investments listed here. That heading will be changed accordingly. What this table does is, it displays a list of top investments. From the highest investment down in a list of 20 top investors. If your investments have not shown up on this table, it means it is not yet within the first 20 investments. The investments shown here are cumulative. An aggregate of all investments by an investor.
Finally, the last table (bottom) to the right of the payment proof page with the heading: :: 50 Latest Ads Buying. This table simply shows recently made investments. Any new investments made are displayed here. From $5 to any amount. As new investments are made by investors, this table will continually be updated with the investments throughout the day.
The best way to understand this page is to refresh the page after a few minutes. Something would have changed. Either a new withdrawal had just been made, or a new investment added.
Thank you for taking your time to read this. If you have any questions, please do not hesitate to contact us.
Regards and have a nice day.
Admin. InvestProxy.”

Do you remember that the direct registration has been closed in Aballong now? Well, if you managed to sign-up already and would like to invest please do so within the next couple of days as deposits will not be allowed from even existing members soon. If you haven’t sign up in Aballong yet you still have a chance to do so by an invitation from the current member of Aballong (reviewed here). If you want to be in my downline simply mention my email address abramsonp@gmail.com and follow the instructions provided on the Aballong website:
“How can I still join Aballong?
Basically, we are closed, and private, but you can request the next free spot, this can happen for people who joined last minute and did not invest in time, or people who request a refund and leave us.
For receiving the next invitation, please send us an email with:
Your Full name:
Your Email Address:
Where you find us: UPLINES EMAIL or ABALLONG ID
The Ecurrency you like to invest with:
And the Amount you like to invest: Send this information to aballong@hush.com”.

I repeat that the new registrations in Aballong are closed for the time being while the program is going to get privatized as was originally planned since the pools had a limit placed on them. If you are still hesitant and would like to get a bit more familiar with Aballong first please read my comprehensive interview with the admin Alrea here. By the way, here is the full newsletter sent to my mailbox today:
“Fair warning to all the members who did join us, but not upgrade their account.
You will have 72 hours from now, and you will read on the site.
“Sorry, but you missed out – all Member Spots are sold out!”
So there it is your last change, until some spot gets available. If you don’t have time to wait to multiply your money, it is time for you to finally join us as a full member.
Speaking of affiliate, invitations: As you might see there is a link for members to request the next available spot, these spots are available only if an existing member leave us, or one of the members signed up not upgrade within the next 72 hours. Everyone gets invited or request an invitation need an sponsor, so give your friends your Aballong number if you want them to join, there could be some approvals in 72 hours as may some people did not invest who signed up last minute, for now, there will be a waiting list for such a case to appear!
Existing Members can still upgrade and reinvest from the account balance, we will have this link closed and reopened from time to time as we planned from the beginning, so from this day forwards we have more time for you, our clients as we do not need to deal with account deletions, and support requests from members just signed up to call themselves an Aballong member.
Please send us no supports asking id existing Members can reinvest or still invest, when the deposit link is active you can, if it is disabled you can’t, this change from time to time, at the moment it is still open to give everyone who did not invest yet but joined last minute the change to invest with us.
Special thanks to Peter Bennett, Paul Abramson, Lea Gao and Berry Ball for sending us such great and many members, you are all appreciated and will always have a special handling for people who are under you in our waiting list.
Regards Alrea”.

I have been paid on my first expiry plan from LiveProfits (reviewed here) 105% after 7 days. I think it’s time to find out more about the program paying 105% after 7 days, 110% after 10 days, 125% after 20 days, 140% after 30 days and 160% after 40 days with instant payouts and accepting four payment processors (LibertyReserve, PerfectMoney, GlobalDigitalPay and StrictPay). So if you require more information about LiveProfits please do not forget to check out my blog tomorrow when an interview with the admin is going to be published.

Unfortunately PTVPartner is still paying selectively as only the smaller payouts are being processed while the bigger ones are still delayed and some rubbish excuses are being passed on in their updates and in the chat room. Please note that investments in PTVPartner are currently not recommended by MNO until the payouts are back to normal. For the benefit of those who are still waiting for their payouts and haven’t received the latest news from PTVPartner mods I’m re-publishing the email below:
“What a Week!
Recently I sent out an email titled “The Good, The Bad, and the Ugly”. Well, in some ways that’s what we’re still looking at. First, we’d like to thank those of you that have stood by us. We know there are many who are being patient and understanding. It’s not been an easy road for any of us.
Now, down to business, the funds for the ecurrencies are coming. They will not all arrive at the same time as they are taking various routes to get here. As they arrive withdrawal requests ARE being paid. In order to accommodate the most members we are paying the smallest withdraws first. I know we said that we would pay in order of request. But many of the smaller requests are of more necessity than those requesting larger amounts. Don’t worry, we will get all requests completed. Because of the various methods we are using to bring in funds we are anticipating having withdrawals up to normal timeframe by the weekend or at the latest by Monday.
We are working on the maturities. Once again we are anticipating this to be corrected by the weekend as well so bear with us. Of course, the new plans are not affected.
Thing are progressing now of integrating the Bankwire registration page. Because of all the variety of things being worked on, the ability to deposit and withdraw via Bankwire will take until next week. We also will allow withdraw request via Bankwire next week as well, even if your deposits were made via Ecurrency.
Accounting will kick into high gear tomorrow with the additional staff being put into place to work on the accounts.
Understand, we are still going through the suspended accounts. Those that will be unsuspended will be completed by the beginning of next week as well. Please do NOT send any more support tickets on this issue. Once we make a decision you will either access your account or you won’t.
TICKET DELETION
We have been overwhelmed by tickets and have found most of them have been answered in our mailouts. Please confine help tickets to personal account problems. We are deleting the backlog of about 600 tickets because there is no way to answer them all. These are the main subjects of tickets and answers so you know the current situation.
SP and PM FUNDS NOT SHOWING IN ACCOUNT:
There appears to be a problem with the SP API sending the deposit info back to your PTV account. Please send a ticket with the subject line FUNDS MISSING. Please include all details from your SP or PM back office.
PLANS NOT MATURING ON TIME:
At the moment the situation is that all investments will mature later than is showing in your back office.
This is due to a server time problem that the techs are working on now. Expect approximately 5-6 days to be added to existing maturity dates. This will not affect new investment maturity timing. Please be patient. PLEASE DO NOT SEND TICKETS ABOUT THIS !!!
OVERPAYMENT RETURN:
If you have received a payment in excess of what you are entitled to, please send it back to the originating PTV account with OVERPAYMENT and your PTxxxxxxx number in the memo. Garrett has stated those who do send the overpayments back without being prompted will receive preferential treatment in the future. PLEASE DO NOT SEND A TICKET !!!
SUSPENSION OF ACCOUNT:
If your account has been suspended and you have reason to believe that it should not be, please send a ticket from outside your account outlining the reasons why. Include your PTxxxxxxx number and any relevant details. Please use the Subject line SUSPENSION. Please wait for an answer from the admin before re-opening it. It will take it out of the queue if you do.
PENDING WITHDRAWALS:
Many overpayments were made to keep members happy. Funds allocated to future withdrawal requests were used during this process. To save time these were paid out to processors. Garrett has always stated that only 3 days reserves are held by payment processors. Garrett is organising funds from the earnings of the mine to be sent. The wiring of these funds takes a few days. They should be in the e-currency accounts by the end of this week and at the latest by Monday. Only send a ticket if your legitimate withdrawal request is still pending from before the 7th April and use the subject line FAILED REQUEST.
REDEPOSIT LINK:
The redeposit link was removed to enable the technical staff to do some manual work on the database without hindrance from ever changing data. As soon as the work is completed it will be restored. In the mean time try withdrawing and redepositing. We realise this may be difficult right now but the situation will improve when the e-currency coffers are filled…hopefully by the weekend. PLEASE DO NOT SEND TICKETS ABOUT THIS!!!
OTHER NEWS FROM GARRETT
Our IT staff is working very hard to get things squared away as fast as they can and they have told me the blog will be back working the beginning of next week. It’s great to hear so many of you have asked about the time of it’s return. We are going to get the forum back on track as well.
Even though I’m in meetings most of this week, I am aware of what’s going on. We will be getting back on track just as quickly as we can. There will new things coming out and new opportunities in the future. Everything from here on will smooth out for the most part beginning next week. Please hang in there. Everything that we can is being done to remedy the whole situation and get us back on track so we can move forward in a positive direction and bring us all to the position to:
FREE OUR LIVES!
The Ultimate High Yield Asset for your Offshore Financial Portfolio!!!
Start the Experience … join PTVPartner to … Free your Life!!!”

The second email I received from PTVPartner was concerning some “investment” opportunity into a mysterious and never named gold mine for which he’s urgently looking for money from investors. Is this the first time in history that someone needed your money not just after they struck gold but because they struck gold? Please note that all the money deposited in this higher paying plan will obviously be used to pay the current investors as the program is experiencing severe cashflow issues at the moment. Otherwise, that might be the last throw of the dice from Garrett who is preparing to disappear into thin air after he collects the much needed (for him) $1,000,000. For that purpose he will feed you with all the stories he can so please be aware of that and do not under any circumstances put your money into this new plan not to be sorry later when it will be too late:
“We have an opportunity to participate in the future of the gold mining operation. The potential return is huge. We understand that with the current state of affairs there is much insecurity. The fact is, we may not have the participation level needed to accommodate this endeavor. If by the first part of next week we have not seen a substantial interest then we will return the funds participated in the Gold Ventures, with interest, to those members that have participated. This was terrible timing, we understand, and we apologize that we may have lost the opportunity to participate altogether. That’s how it goes though. We will not always be in a position to take advantage of every opportunity that comes our way. I am not saying the opp is lost. We still have some time, just not much. If you are interested and want to take advantage of this opp, then you can find the terms in your back office under investments. It can be selected from the available investments drop down menu.
The Ultimate High Yield Asset for your Offshore Financial Portfolio!!!
Start the Experience … join PTVPartner to … Free your Life!!!”

I have been paid today from the following programs: SureBetInv, ForexPaidMe, TrueEarn, AlphaMoney, HYIPnet, OneDailyPro, MyGrandFunds, BetExpekt, ForexNetClub, PerellaInvestment, PenninesFunds, ArbsTeam, FinitInvest, MoneyBreeze, PanaMoney, Aballong, LiveProfits, AvaInvestment, WestFinance, EForexInvestment, Plents, PrimaryPool, InvestAward, IncoForex, EuroNanoInvest, AtoxFinance, RedOrchidInvest, MoneyPlus, StereaFunds, WWFD, IntermedInvestments, YesInvestment, GoldenInvestment, EzProfit, YingYangInvestment, AimTrust, BritishFinanceGroup (the first payments received) and SolidTrader (the first payment received).

SolidTrader is a brand new program that was added to my blog just a few hours ago. It’s just another short-term program offering five investment plans where you can invest via three popular payment processors: LibertyReserve, PerfectMoney and StrictPay. The minimum allowed to invest in each plan is different and ranges from $5 to $50 so they’re pretty affordable for every investor. There are three plans In SolidTrader that pay on expiry: 110% after 3 days, 140% after 8 day and 200% after 15 days. However, if you prefer not to wait and get paid daily there is a couple of other options open to you. Two other plans include: 16% for 8 days and 12% for 15 days. SolidTrader just launched yesterday and has quite a good level of DDoS-protection by Koddos which hosts it on a dedicated Staminus server. In addition to that SolidTrader is running off a licensed GoldCoders script with an SSL-certificate installed for secure browsing of your accounts. I’m also glad to report that the first payment received today to LR was processed instantly as promised. So I’m looking forward to bringing you a more detailed review of SolidTrader on my blog soon. Stay tuned for that!

That would it for today! I hope to see you on MNO tomorrow when I’m planning to publish twice so don’t miss any important updates!