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

Hi everybody! Hope you’re all looking forward to the weekend now that spring is finally here for most of us and beginning to warm up nicely. I have to say that after living in London all this time my first Friday night in Jerusalem has been a pretty surreal experience! Much different even than Tel Aviv. Anyway, as promised in the update from earlier today I’d like to look a little closer at a promising new long term program added to my monitoring list earlier in the week called PenninesFunds. Strange name, but I guess it’s after the mountain range in Britain where they claim to have been first established (though the texts don’t look like they’ve been written by a native English speaker – which of course doesn’t mean anything) It’s a very beautiful part of Britain by the way, and if you ever get a chance to visit you won’t be disappointed. But I’m getting off the point now. PenninesFunds as an HYIP is a decent looking program. There’s also plenty of room for improvement mind (there always is) but probably nothing major.

There are three investment plans for you to think about. My first criticism of PenninesFunds would be out of those three plans two of them are just not affordable to the majority of HYIP players. But to be honest it’s just a personal thing and I’m not making a big deal out of it. I just think that if you operate a plan with a $10,000 minimum you are unlikely to get any takers. Reduce that minimum to $500 and chances are you’ll make quite a lot of money from it and benefiting the program as a whole in the long run. But not to worry, smaller investors are still accommodated.

The first plan is open to deposits from a minimum of just $10 (so you see there is room for the smaller investor) up to a maximum of $999. The plan will run for 90 calendar days and during this time you are promised daily payments. The interest rate is 2% per day which means you can earn an amount equal to your principal after 50 days and add up to a total of 180% on expiry. This can then be considered pure profit as your principal is then returned.

The second plan sees PenninesFunds get a bit more serious. Minimum investment is a cool $1,000 here, though the term still runs for 90 calendar days with payments made every day. The interest rate this time goes up to 2.2% per day, which may not sound all that much at first but over the course of 90 days will draw in a considerably bigger return for you. Assuming you can afford to join it that is. Anyway, that rate will see you break even after 46 days and finish with a total of 198%. This can then be considered pure profit as your principal should then be added to that.

The third plan in PenninesFunds requires a minimum investment of $10,000 with no published maximum. So I think we both know I’m including this one more or less for information purposes! Anyway, the plan runs for 90 calendar days and pays 2.7% daily with principal returned on expiry.

My next criticism of PenninesFunds, and to be fair my only serious one, comes down to the lack of choice for payment options. At the moment your choice is LibertyReserve, take it or leave it. LR is still the number one processor of course and the easiest option for a lot of folks who for one reason or another can’t get verified with any ones that take a dimmer view on user anonymity, but most investors want to see a choice. Even if that choice was going to be LR anyway. But on the plus side PenninesFunds is allowing instant payouts, so that makes it all a little easier to bear. You will still need to request payment, but once you do expect to see it in your LR account within seconds.

Things improve a bit with the security. BlackLotus are the hosting provider and they are keeping PenninesFunds on a dedicated server. They also have an SSL certificate for the extra protection of accounts which never hurts either. Any further questions can be put to their customer support team through either a selection of e-mail addresses (each one pertaining to a particular issue), by submitting a support ticket on the available form, or over the phone to the number provided. Something that will undoubtedly reduce the workload for them however is the excellent design of the website itself. For one thing they have quite a good FAQ section that will take care of many of your questions, but also a fairly comprehensive step by step guide to the PenninesFunds website detailing how to join the program and even going so far as to explain how to set up and fund a LibertyReserve account if you are a complete newcomer to the industry. I guess most MNO readers are already aware of all that but still, it’s a nice touch and looks very professional.

On the business side of things it’s all a bit vague. PenninesFunds claim to have over 25 years experience (funny, I never heard of them before last Monday!) but experience in what isn’t all that clear. But it doesn’t really matter. I wouldn’t even think about any claims of outside business interests for at least six months, and even then I’m skeptical.

But taking it as an online HYIP PenninesFunds does have potential to grow and if a couple more payment processors were added may even become popular. Certainly they have everything else in place, secured accounts, profitable plans, good website with everything well explained, etc. So in my own opinion, it needs a little work but at the same time definitely one to watch. Might be worth a small deposit as part of a wider portfolio. It only costs ten bucks and you can always add to it later if you’re satisfied. As with all HYIPs don’t forget the golden rule – don’t spend the rent money (or the food money) and try to keep it a fun hobby instead of an obsession.

OTHER NEWS FOR TODAY.

I was pleasantly surprised today by watching the YouTube video made by the administration of PrivateDiamondClub (reviewed here). Although it does look professionally made to me I couldn’t help but think that I was watching some National Geographic program about the area with a new voice-over. Anyway, kudos to PrivateDiamondClub for making an effort in persuading investors to join their diamond business even though it might not be enough a proof for many. At least they are trying to explain what they’re doing which is extremely lacking in the vast majority of other HYIPs. The video does look hilarious in some parts though so do not reject the pleasure of watching this on YouTube. The link to the video is posted in the latest update from PrivateDiamondClub along with the information that some deposits made to any of the investment plans on offer (1% for 120-365 days, 5.5% for 12-24 weeks and 26% for 6-12 months) via StrictPay and GlobalDigitalPay might be not reflected into your accounts instantly and therefore you would have to wait before it’s added manually by the administration. Apart from that issue everything is doing alright with PrivateDiamondClub and the payouts are being paid on time. Here is the latest newsletter from PrivateDiamondClub containing the link to the video:
“Dear members and followers of the PrivateDiamondClub,
It is the the 16th of April. Again a busy week is over again…like I announced last week our first version of our trading video is online. This is the first time our head of trading decided to take his camera with him to film some parts the trading journey. Just click the youtube link or the picture to watch the video.
http://www.youtube.com/watch?v=eRacbrGgSf0
You know this is the first time our head of trading decided to take his camera with him to film some parts the trading journey. For security reasons you will never see our trading partner direct and some parts are filmed hidden. The short video just shows parts of the 5 day jay journey. We plan a longer documentary for the next journey. You can also click on Trading Pictures to see some snapshots of the video.
As you know, the next journey will take place in the Central African Republic.
Please note: The StrictPay deposit error is not solved in some cases. Our admin solved the problem first but I had some complains and added the deposits manual. Please be aware that deposits with StrictPay and GlobalDigitalPay will be added manual to your members account. Our admin is working on this issue and it should be solved shortly.
I am back with the latest news and updates soon. Like always I thank all PrivateDiamondClub members and followers for the support and we welcome new members to join our club!
Thank you for now. Lars von Olberg”.

TrueEarn is also doing well with all the payouts being processed in time. Well, I guess that’s the most important thing investors expect from a short-term program like TrueEarn paying 116% after 4 days, 145% after 10 days, and 210% after 20 days. The most important things covered in the latest newsletter are the following: the current interview with the admin of TrueEarn Scott published on MNO (you can read that here), the importance of the further promotion of the program which will maintain the further growth, the possible reintroduction of SolidTrustPay as the sixth payment processor in the near future, the rules of re-depositing and receiving referral commissions from your downline, and last but not least – the importance of voting for TrueEarn on forums and monitors every time you receive a payment from the program. The entire newsletter from TrueEarn (reviewed here) is below:
“Dear members,
First of all, I would like to thank all my members for the continuous tremendous support you all have been for TrueEarn for the past 12 days. I’m sure it’s been really a wonderful money making journey for all of you all these days. We have over 2500 members right now, and what’s more exciting is, the member growth is getting fabulous day by day.
As you all know, as I have already said in the interview I had with Paul of Money-News-Online, competitiveness really do matter now-a-days, especially in this HYIP industry. It’s obvious that the highly competing ones will always remain at the top, separating them from the low quality programs. The tremendous member support we have at the moment really do keep us at the top, separating TrueEarn from every other single program. To continue keep TrueEarn at the top and to make it reach even more heights, we have decided to buy banner advertisements and sticky topics in the top money making forums and the most reputed monitors, to give more exposure and quality for TrueEarn.
Another interesting news is that, we will be adding SolidTrustPay as a new deposit and withdrawal option, in addition to the existing payment processors, LibertyReserve, PerfectMoney, AlertPay, StrictPay and GlobalDigitalPay. This is because I have been receiving a lot of emails recently from so many members asking to add Solid Trust Pay as an accepted payment processor. So we decided to go in favour of our members’ suggestion. Therefore, sooner or later, we will have the option to deposit with and withdraw to SolidTrustPay.
Next thing I would like to discuss is about a support question I have been receiving recently, and it’s about re-depositing from account balance and the referral commission associated with it. Members who wish to re-deposit from the account balance can do so without any problem, but your upline won’t get any referral commission when you do so. If you want your upline to get the referral commission associated with your deposit, you need to withdraw the money first to your payment processor, and then re-invest it back to your TrueEarn account. Your upline will be credited with the referral commission associated with your deposit in this case. In general, your upline will be credited with the referral commission only when you make a deposit directly from your payment processor.
One more thing I would like to tell is that, you might have all seen the monitors in the “Our Ratings” page of our website. We have added over 30 monitors in all. Those monitors are not set up only to show the paying status of TrueEarn, but also for you to vote after you get paid. I believe you all know how fast we are processing the withdrawals, handling the support tickets and managing all other issues. As a way of thanking us for our hard work, I request all of you to vote for us in at least a couple of monitors, after you get paid. It will definitely help all of us grow and keep TrueEarn at the top.
Those who still haven’t read the interview I had with Paul of Money-News-Online recently, can read it here.
I wish you all an enjoyable weekend with TrueEarn, and of course with your loved ones.
Regards, Scott. TrueEarn Manager”.

The admin of InvestProxy (reviewed here) after making some contribution to the victims of the recent Haiti earthquake is trying to raise awareness of the skin disease vitiligo and you will find the banner of a charity organization placed for six months in May. I really appreciate such an approach which differentiates InvestProxy from similar HYIPs. And yes, the payouts are still being processed in time and it’s very fast I must add. The latest news from InvestProxy is published here:
“We are happy to inform you that we have just received praises for our support of the Haiti cause. We devote these praises and commendations to you because without you it would not have been possible. Thank you.
We also wish to use this opportunity to inform you that from the 16th of May 2010 to the 16th of November 2010 we are going to create (support) awareness for one organization that recently came to our attention: http://www.vitsaf.org/. A banner from this organization (vitsaf.org) will be on the InvestProxy website for 6 months from 16th May 2010 to 16th November 2010. This banner will be used to replace the WFP/Haiti (World Food Programme – Hope to Haiti) banner.
We love what we do. No matter how little our contribution is, it brings us great joy.
Thank you for reading this.
Regards and have a nice weekend.
Admin. InvestProxy.”

The administration of AtoxFinance announced some important upcoming changes in the program when the test plan will be removed in a few weeks and the remaining interests will be increased. That means that the minimum to invest will be raised from the current $10 to $100. I remind you that for over three months AtoxFinance has been consistently paying to members’ accounts on the investment plans which are thoroughly described in my review published here. The latest news from AtoxFinance program is published for you here:
“Dear members and investors, Warm thanking from the entire staff of AtoxFinance Alliance! We received so many good feedbacks from you that we are doing this job now with more and more gratitude and respect towards our benevolent investors. We have taken you out of the financial crisis and we will guide you for the future, onto the road of wealth and peace. Our program, since its online launch, has been subject to many upgrades.
Now it is the time to announce another one – we are going to take our professional attitude towards another level. The trial plan will be over since 1 June, 2010. This means that the last day for trying our services will be 31 May. Also, we will increase all plan’s percentages with 5% more, and we will take it from the Reserve Fond, which will be diminished due to our positive result since starting. You may be wonder why we are making this. Well, imagine thousands of deposits worth of 10, 20 or less than 100$ going for only 30 days. We have to focus our coding team not towards easing our trading, but towards making daily amounts of payments. By taking this measure, we hope to that our work will become more efficient and that our customers will be even more pleased by our services! AtoxFinance is the strongest alliance between the investor and the investment!”

There was some huge warning signs from MoneyPlus today. I believe that any low-ROI program that is going to add a short-term plan suddenly should be dealt with extreme caution as it is a clear sign of cashflow issues and a pending collapse. So what happened? Suddenly MoneyPlus added a short-term plan today which lasts for 10 business days and pays 11.2% to 15% pure profit on expiry. I would advise to withdraw your money from MoneyPlus as soon as possible and do not under any circumstances invest in this new plan. Please remember that any good past results are NOT a guarantee of future performance. Especially it’s true to say after this awful interview with the MoneyPlus admin that exposed some awful lies and raised so much negative feedback (you can read the interview here). Just for your amusement here is the latest email about the new short-term plans sent to members today:
“To all of our respectable clients,
It is our honor to inform you that due to the respond of our marketing team to the fluctuation of the market, we would offer new sort of short term plans respectively (Up-to 15% daily for 10 BUSINESS days).
All respectable clients regardless of their previous plans are eligible to invest in above mentioned plans.
Please be noted that previous deposits can not be transferred to new plan and new deposits are required.
If you have promote and advertise of us, please change our percents in your website or web-log.
We hope we can build a strong and long term business relation with you, Please do not hesitate to contact us in case of uncertainty and question.
Regards, MoneyPlus Online Investment INC”.

I received some emails today about the Verifield program and the inability to access accounts. I have checked the site today and was unable to access my account either. I noticed there is still no info about the inability to withdraw and nothing was posted by Verifield‘s administration yet. So I would just consider Verifield as an on-hold program for now.

Considering PTVPartner I was disappointed by today’s meeting and more tricks from Garrett to buy time. I will bring you my detailed analysis of the chat meeting tomorrow. For today I would just advise you NOT to cancel your withdrawal in order to re-deposit soon and NOT make another request via Bank Wire (which allegedly will be implemented soon). Believe me it’s just a stalling tactic to win more time and if you have your money in pending you still have a chance to receive it to your payment processor. If you cancel your request or try to invest into the new Gold plan you can kiss your money good-bye. Garrett is a good orator but after today’s meeting I can just confirm that PTVPartner is going down the drain. For more detailed analysis check out my blog tomorrow. PTVPartner has time till Monday to pay all the pending withdrawals otherwise it will be moved to Not Paying status on MNO.

More new programs have been added today to MNO monitoring. Of course, I’m going to review them all on MNO soon but for today I would like just to tell about them briefly.

The first program is DorealCapital. It’s a new program that was launched just a week ago. It offers one single plan: 1.4%-1.85% for 150 business days with the principal returned on expiry. The minimum to invest is only $10 and three payment processors are accepted: LibertyReserve, PerfectMoney and GlobalDigitalPay. DorealCapital claims to be protected by Dragonara and to be having a strong data protection and security. I cannot confirm though that Dragonara is actually hosting them (I just saw they are hosted by HostZealot which is much cheaper and not so efficient option as Dragonara). Moreover, they don’t have SSL-protection which also makes their statement about high security levels quite questionable. Anyway, before making the review I will try to clarify these issues with the admin of DorealCapital anyway. One thing is for sure: DorealCapital is using a licensed GoldCoders script which means your profit will be credited to your accounts and you will have to request it in order to get paid. The payouts are not processed instantly and according to their website it can take up to 12 business hours in order to get paid.

The second program is called Rags2Richness. The admin claims he ran the program under the same name back in 2006 but I find it quite hard to prove. Anyway, if one previous program was ok doesn’t mean that the next one with the same name will be as good. Anyway, I suggest just to treat Rags2Richness as a totally new program which actually it is. The plans can be divided into a daily plan 3.5%-5% for 45 days and a weekly one where you can earn from 27% to 40% per week for 7 weeks. The program is running off a licensed NeverSay script meaning that you can deposit in units. What I like about Rags2Richness is that the minimum to invest in each plan is affordable for every investor and is only $1. Please note that one unit will cost you $0.01 so please count your units carefully before making the deposit. The choice of payment processors is quite good and you can invest via StrictPay, LibertyReserve, PerfectMoney and GlobalDigitalPay payment processors. Payments are not instant and can take up to 72 hours (usually processed within 24 hrs) and should be requested. The website of Rags2Richness is quite a secure one and has an SSL-certificate installed. It is hosted on a dedicated server by BlackLotus which is known for its good uptime. Actually Rags2Richness is a pretty good option while it’s still new (8 days online) and I’m going to review it on MNO as soon as I receive the first payout.

The third program added is CorporateInvest which is a brand new short-term program launched yesterday. It offers several plans with the payouts made on expiry: 110% after 3 days, 120% after 5 days, 145% after 10 days, 300% after 20 days. The minimums to invest are different for each plan and are ranging from $10 to $100 which is still quite affordable for most. Unfortunately the choice of payment processors is not so good as only LibertyReserve and PerfectMoney are accepted. Well, this is somehow compensated for by instant payouts. The website itself is pretty decent and offers a secure connection via SSL. Good addition to the security is a dedicated Staminus server with a DdoS-protection by Koddos where CorporateInvest program is hosted. I will be bringing you a more detailed review of CorporateInv on MNO soon so stay tuned for that, guys!

I was paid today from the following programs listed on my monitoring:
BritishFinanceGroup, TrueEarn, GarantMoney, ArbsTeam, SureBetInv, ForexPaidMe, InvestProxy, PrivateDiamondClub, PanaMoney, LiveProfits, SolidTrader, WaterInvestment, PerellaInvestment, MyGrandFunds, HYIPnet, AlphaMoney, MoneyBreeze, WestFinance, AvaInvestment, OneDailyPro, EzProfit, AimTrust, PrimaryPool, InvestAward, EuroNanoInvest, AtoxFinance, GoldenInvestment, YesInvestment, DynFxTrade, HighYieldClub, BetExpekt, StereaFunds, RedOrchidInvest, Oico, IntermedInvestments, YingYangInvestment, TheKapital and Plents.

I hope to see you on my blog tomorrow when I’m going to publish another interview, a review of a new short-term program with instant payouts (SolidTrader) and more news from the HYIP industry. I wish you all a good weekend, guys, and hope to see you all on my blog tomorrow.