Apr 19th, 2010 Archives

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

Hi everyone! The working week seems to be getting back into full swing already this Monday and so I have quite a bit to get through. I’ve decided that as I have a number of programs new programs on my monitoring page to tell you about I’d review two of them today, and also divide the news section into two halves as well. So to start the week I want to start with a new short term HYIP called CorporateInvest. It’s average enough to be honest but out of the four plans on offer if your timing is right with the shorter term ones CorporateInvest could get an easy couple of dollars.

Four plans as I just said are available with varying minimums applying to each. The first of them pays on expiry and runs for 3 days, but as CorporateInvest has been online for four days a lot of people will have been paid successfully by now. It’s called The Trial Plan and the minimum to invest is just $10. The maximum is $100,000 but if you ask nicely the admin might take a little extra. The final return paid on expiry is 110% which includes your principal. So invest $100 and get $110 back.

The second plan is called The Standard Plan and for this CorporateInvest offers you a return of 120% on expiry. The term this time runs for 5 days and the minimum and maximum amounts to invest remain unchanged at $10 and $100,000 respectively. Your principal is included in the payment.

Next is The Expert Plan. It runs for 10 days, costs a minimum of $25 to join, and will pay you a final total of 145% on expiry. That includes your principal.

And finally for those who enjoy a real gamble the is The VIP Plan. Compared to a lot of similar HYIPs it doesn’t cost a whole lot to join. But it’s still $100 which I guess may as well be a million if you don’t have it. But personally I can’t see it being all that popular, first of all because of the high risk involved but also because the reward to risk ratio isn’t all that much better than the Expert Plan. Anyway, you be the judge of that. The VIP Plan runs for 20 days and CorporateInvest offers you a return of 300% (principal included) on expiry.

The choice of payment options here is extremely limited with only LibertyReserve and PerfectMoney being accepted. And you all know their policy on refunds in the event of fraud by now so it only serves to accentuate the risk surrounding any short term HYIP. That being said if your not prepared to take a risk then forget about ever making a dime in this business, but it should also serve to emphasize that all deposits must be kept at a sensible and affordable level at all times. You have to take a gamble in this business, what you don’t have to do is take a big one.

This lack of choice however is some way compensated for by the use of Instant Payouts. You will still have to log in and request your money, but should see it in your account within seconds.

The security isn’t all that bad in CorporateInvest. In fact the use of SSL encryption actually makes them better than many similar short term HYIPs. Hosting is provided by Koddos who are keeping them on a dedicated Staminus server protected from DDoS attacks. You can contact the admin if you have any further questions by submitting an e-mail support ticket on the form provided on the contacts page.

The cover story about the business activities of CorporateInvest is best ignored. It’s poorly written and full of spelling and grammar mistakes which I guess only really proves that their designer isn’t a native English speaker but still it looks a little sloppy, not to mention unprofessional. Best just to take this one as an online HYIP game and spend according to how you assess the risk. In my own opinion a modest few bucks wouldn’t hurt at this early stage of the program’s life. Just remember timing is everything here and the lower risk (as well as the lower reward) comes in the shorter term plans.

OTHER NEWS FOR TODAY.

Monday is a pretty active day for news as a rule because admins and investors alike return after the weekend ready to invest more and look for promising new programs. One such program in my opinion is StarxInvest which I joined just a few hours ago. The program is offering two investment plans with no expiry date and depending on the amount you’re going to invest (minimum of $10 is allowed) you will receive 1.5%-2% daily or 12%-15% weekly for whatever plan you picked chose. StarxInvest is accepting four popular payment options: LibertyReserve, PerfectMoney, StrictPay and GlobalDigitalPay. StarxInvest is running off a licensed but modified GoldCoders script and is hosted on a dedicated server by BlackLotus which should give it the necessary level of DdoS-protection. A more detailed review of StarxInvest will be published on MNO soon after the first payment is received, so stay tuned for that!

Let’s get back to the news now and first good story of the day came from InvestProxy (reviewed here). From now on two useful options are available for investors there. The first option enables you to withdraw your money from the account balance in InvestProxy straight to your bank account via a Bank Transfer. So if you have some funds in the program and want to withdraw them straight to your bank and save on exchange fees you can do so now. Remember that the minimum for requesting a withdrawal to your bank account is $1000 and it could take up to 5 business until you actually see the money arrive in your bank. As for depositing into InvestProxy straight from your bank – this will be also available shortly. The second useful option implemented enables you to re-deposit your funds without the necessity of withdrawing your funds first which will also save you on fees. You can make the re-deposit from the account balance to any of the investment plans available for the investors of InvestProxy (0.9% for 7 days, 1.1% for 30 days, 9% for 13 weeks, 11% for 26 weeks, or 108% after 7 days). More on the order of how to do so and the details about the banking options have been provided by the admin of InvestProxy in the following newsletter:
We are very happy to announce to you that withdrawing money through Bank Transfer is now available. You will now be able to withdraw money from your InvestProxy account and the payment sent to your bank account within 5 business days.
There is a charge of $5 for every withdrawal sent to your bank account. And note that it will take between 4 to 5 business days for money to be paid into your bank account, excluding Weekends. Minimum withdrawal allowed to bank for now is $1000. As time goes by, we will reduce this to $500.
We are also making arrangement to enable you deposit money into your InvestProxy account through bank transfer. Depositing money into your InvestProxy account will require some documentations and minimum deposit will be $500. Documents required will be scanned copies of government issued identity such as drivers license or passport and a utility bill. For now, we are not implementing the deposit option. We will finalize this within 2 months so you could easily deposit money into your InvestProxy account.
To withdraw money to your bank account do the following:
Contact us at admin@investproxy.com and send us your bank account details, together with your InvestProxy account ID or email and the amount you wish to withdraw. Minimum allowed for now is $1000. Please note that $5 is deducted and withdrawals take 4-5 business days. Remember to include your country, city and other relevant details.
We also wish to let you know that you can now re-invest money using your account balance. To Invest using your account balance is not much different from making an investment from a payment processor. Actually, much faster.
The steps to follow are:
Step 1: Login to your InvestProxy account.
Step 2: Click on the link Invest
Step 3: Make a decision of the investment plan of your choice.
Step 4: Enter the amount to invest in units. 1 unit is the same as $1. If you wish to invest $100, simply enter 100 in the textfield before units.
Step 5: Since you are investing from account balance, go below the heading: Deposit from Earnings and select the payment processor where you have the balance to use for this investment. Each of the payment processor listed there has the balance shown in brackets.
After selecting the payment processor, click on Pay.
Step 6: Click on Confirm to complete the investment. Once the Confirm button is clicked, the investment is done.
Please contact us if you have any questions.
Regards. Admin. InvestProxy.

The administration of EForexInvestment (reviewed here) sent out a small update on the latest happenings in this program paying 1.6%-1.8% for 160 business days, 10%-12% for 12 weeks and 48% for 4 months with the principal returned on expiry. The admin once again reminded us of the withdrawal rules and tried to fix any misunderstanding investors might have about the payouts only being requested and paid from Monday to Friday. The cashout button remember is simply disabled on weekends and major holidays. As far as I’m aware of EForexInvestment is still paying fine and I haven’t received any complaints regarding the payouts yet – they are all processed in time. Here is the latest newsletter from them:
Hello, We wish to welcome all our new members and thank all our existing investing members at EForexInvestment. Our investment program is doing fine and we have been doing timely payments on all cashout request. Today, we have paid all pending request and we shall continue to pay on time.
It has come to our understanding that some members still don’t understand how to cashout so they send out emails claiming they are not been paid. Please if this is you, login into your members area and click on the cashout button.
This procedure is simple and remember payouts are Monday to Friday.
Thanks as we encourage all our members to invest. The only way to earn daily is when you have active investments.
Also, don’t forget to tell your friends about our program and earn good ref commission. We pay up to 10% in ref commission 2 levels deep.
We thank you again for been with us and we hope to make this program profitable for you.
Thanks. Vian
”.

As you probably know by now and if you’ve been a regular reader of my blog no HYIP can last without a constant influx of new cash in order to pay to its debts. And even if a program refuses to accept deposits or closes the payouts for some time you might be sure that it’s just simply a smart marketing trick trying to get your confidence and prove that a program has some sustainable income and doesn’t depend on new deposits. However, after the program goes private for a while it might lead to one of only two consequences: either it will close soon or simply will re-open its doors to new deposits again after a short while. The recent example with Aballong (reviewed here) which seems to going private for a long time now but for which the admin always finds some excuse not to simply proves my theory about that. The thing is when you announce you’re closing the program it will lead to the influx of new members and then you can simply delay the privatization for some period for any number of reasons or just reopen after a few weeks for new deposits. Remember that no HYIP can sustain a halted cash-flow and constant new funds are necessary for normal functioningservice to continue. Therefore I was not surprised at all that the admin of Aballong Alrea (interviewed here) announced today that despite the program still being closed for the to new members the old members would be allowed to deposit till Thursday. I’m not sure if it will be closed for the new deposits after that either so just think it over and invest in Aballong only if you feel fully comfortable with it. There is no need to rush and there are many alternatives to that program even if it’s really closing for new deposits soon. Here is the latest news from Aballong program:
We were having some connection errors yesterday, and I want to apologize if you have had problems to access and request your earnings, the site is fully functioning again, and the host aware us on a maintenance going on until Tuesday. During this time, it can come to slow connections, if you have trouble accession our page just wait a few minutes and try again. At the moment, all works fine and very fast, but if it is slow for a while you know now the reason. Martin and I got many support requests because of the really long time of downtime yesterday. As I explained it is a maintenance on hushhosting, you read about on there website. Martin and I extend the time of accepting investments until Thursday Midnight GMT to give everyone the chance to be a full upgraded member. We will surely close and delete every empty account at this time, so please do not send us moire request to give more time, there is a 4-day gap, and we believe within 4 days everyone can upgrade in time.
Regards. Alrea
”.

I noticed that PTVPartner site was not available for a few hours last night but despite that the payouts are still going on. I guess many members invested into the Gold plan which is offered by them allegedly to fund a mysterious gold vein they discovered in a silica mine, neither of which have ever been seen by anybody. Well, I guess if you have some money to waste then it’s a perfect chance to dump it into the Gold plan especially considering that they are looking for a $2K minimum and more deposits to sustain the current payouts. I myself received some emails about the processed payments from my readers, however many of them were still not paid and the accounts of a few more were suspended without explanation from the administration. In my opinion, it is still dangerous to invest in PTVPartner due to selective character of payments. I can say update on the situation about PTVPartner by the end of the week when according to Garrett (the admin of the program) everything should be back to normal. We will wait and see. Here is the latest update from them:
Site is Back Up!!!
After several hours down we have restored the site and will continue moving forward.
We will re-establish the re-deposit links probably by Monday or sooner.
The auto-reinvest feature will also be working soon.
Look for the forum in a few hours.
The Gold Opp. is almost full. And will close soon, probably within 24 to 72 hours.
We apologize for the downtime.
The Ultimate High Yield Asset for your Offshore Financial Portfolio!!!
Start the Experience … join PTVPartner to … Free your Life!!!

The admin of IntermedInvestments program Terry (interviewed here) sent some news today containing a reminder of the interview published yesterday on MNO with him. Also reported was the latest stages of the website’s refurbishment which will soon allow us to see a more beautiful and user-friendly look to the IntermedInvestments website. More about IntermedInvestments can be read in my review published here. And this is the short update from Terry received today:
A quick announcement to say that my interview with Paul from Money-News-Online has been published. You may find it using the following link:
http://money-news-online.com/blog/2010/04/18/18042010-interview-with-the-admin-of-intermedinvestments/
Please feel free to contact me with any questions about what you have read, or an questions not addressed in the interview.
Our new design is in the final stages of testing with the script. Stay tuned for further announcements about this. Remember the design upload will NOT affect the functioning of the website. However, if there are problems, please contact me at intermedinvestments@gmail.com, my emergency contact address.
Have a great Monday! (If that’s even possible…)
Regards, Terry Jameson. IntermedInvestments
”.

Of all the hopeless excuses I heard from program admins about the closures of their programs, an Oscar should definitely be awarded to the admin of INSPremiumAds who complained about LR money mysteriously disappearing from his account. Of course, LR is to blame because all the payouts are irreversible and he’s simply a victim of such cruel circumstances. Well, more nonsense from some incompetent admin who ran an awful program which never made anybody any profit except maybe its owner. If this admin approaches my monitor again for advertising another program he will be refused because such lying and incompetent admins are not welcome by MNO. Of course, refunds are promised by the admin after he recovers the losses by trading Forex which to me is as fantastic as the cloud of volcanic ash covering the Europe – which happens once a century. We will wait and see if it actually happens but honestly, it’s pretty hard to believe even for newbies. Just look at this farewell letter from INSPremiumAds:
Dear INS Family,
Hope all of you are fine and in good health. I am fine. Previously I sent email for all my members on April 1st 2010 for cashout request. I stated I will pay all payouts altogether this week. I apologize I didn’t respond sooner. I was very busy in some issues and in FOREX. My Forex Broker sent me 45k to my account on February 2010 I have received all funds in my LR instead. When I checked my LR account later on all my funds are missing from there. I have contacted LR they denied to charge it back. I tried my level best to get those funds back but my effort was useless. I was shocked to see that because I have withdrawal those funds for INS 6 months back up. I checked my LR account all history and I audit myself and I found that there is not just 45k stolen amount is much because hacker was hacking my funds via API since a long time little by little amount on a weekly or monthly basis by now hacker hacked all amounts how much was in my account. There are 2 possibility my Fx Broker or LR is involved with that hacker but I can’t do anything in it now. I have decided to close down all INS site on a temporary basis and will move all on 1 site and I will start making money in FOREX and just refund funds those members who are not in profit. I will publish a refund list shortly and I will pay you ASAP.
I am disheartened what has happen. I will continue for the time being just work on real Fx or managed account it’s safe and stable thing this industry is unstable. If you’re HONEST no one wants to see you honest they try to cheat you. I will just do my work and do Fx only at this time. I will not run away so please be patient. I have nothing to ran with it so please don’t think that I scammed you or cheat you in reality I got scammed and cheat by this industry hackers and I am so disappointed that I haven’t deliver my promises but I will never start any site will pay members who are not in profit and will work in Forex only thanks for all of you all time support and love.
I will start refund process soon for those members who are not in profit. i know i can recover all loss with forex but it takes time its not a 1 day job to do it as soon as i will do it i will paid all non profit members.
Thanks for all of your love forever
Ub. Admin
”.

That’s all for the moment but not all for today as I will be back in a few hours with a detailed review of BritishFinanceGroup and the rest of the day’s news from the HYIP industry. Stay tuned and always stay on the money with Money-News-Online!

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