BEWARE! THIS PROGRAM HAS STOPPED PAYING! PLEASE DO NOT INVEST!
Hi guys! Before today’s news there’s a recent addition to MNO monitoring that I’d like to tell you about in a bit more detail. It’s called DollarTime and you may remember I first mentioned it here over the weekend, the day after it launched in fact so you can still call it brand new. It’s a fairly straight forward affair really with nothing too complicated and some pretty simple plans. At first glance it looks like standard fare for a short term HYIP but they do have a decent enough level of security and an OK selection of payment processors to go with it. So who knows? Got time for a dollar? Then keep reading!
There’s two pretty simple plans to pick from here. Simple like the best short term games should be. They both run for similar investment terms, but one pays you by the day and the other by the week. The first one, called simply The Daily Plan, runs for 30 days. The minimum deposit is a very modest $10 with the maximum set to $10,000. The rate of interest offered by DollarTime is 2% per day and your principal is returned on expiry giving you a profit of 60%. So if we take an example of a nice round figure of $100 we can see that you will earn $2 per day, finish with a total profit of $60, and then have your initial hundred handed back.
DollarTime‘s second plan is called The Weekly Plan and works just like the last one. The minimum and maximum spends remain at $10 and $10,000 respectively but the investment term becomes 4 weeks. During this period DollarTime pays 20% interest per week giving you a total profit of 80% on expiry when your principal is then returned. So for the same $100 spent here that would get you $20 per week, a total of $80 by the end of the term, and then your original hundred returned.
I imagine some of you may be put off by the fact that you don’t actually see a profit until the plan expires. I can understand that so I guess it is one for the gamblers. But then so too is every other HYIP so if you don’t like the risk you’re probably in the wrong game anyway. One thing it does however is to make the weekly plan a lot more attractive. I know the benefits of getting daily payments allow you to get at least something back from the program in case there’s ever a problem but I mean if you absolutely have to wait for a month before seeing a profit many will prefer to do it for 80% rather than 60%. Still, it’s up to you alone to measure the risk against reward.
There’s not a bad choice of payment options here either by the way. DollarTime are accepting AlertPay, GlobalDigitalPay, LibertyReserve, PerfectMoney, and StrictPay. Payments are made manually so you’re going to have to request them. The admin asks you allow him up to 24 hours to get everything processed. At this early stage however he’s been doing it a good deal faster than that. Speaking from personal experience anyway.
As for the design and the security of DollarTime, it’s comparable to any of the better short term HYIPs around. They have SSL encryption installed, are running off a licensed GoldCoders script, and are hosted on a dedicated server supported and protected by BlackLotus. You can communicate with the admin by submitting a support ticket on the form provided or, if you prefer, through Live Chat. Overall it’s a very user friendly website that’s easy to navigate. But as I already said there’s really not that much too it.
The business activities of DollarTime are, as is usually the case for short term HYIPs, a bit vague, a bit unclear, and totally unproven. For those of you who still have an interest in such things it involves something (as is my understanding) to do with the importation of electronics. Well, I don’t know but at least it’s different and the texts are original too which seems to be a rarity theses days. And it shows a little effort on behalf of the admin. But it’s still a game and all games have a limited shelf life. But it’s not a bad one and as far as short term HYIPs go DollarTime could be sustained for a while if properly handled. Have a look at their website, decide for yourself if you think it’s worth the risk, and if you do then now is the bast time to act on it. Just remember that the minimum deposit is only $10 so there’s no excuse for losing anything you can’t afford to be without.
OTHER NEWS FOR TODAY.
Ok, guys! It seems WaterInvestment bit the dust after being online for over three months. I can tell you by the selective payouts that are only being processed to monitors and small investors (I was paid today as well). However, the fact that the admin removed all the links to public forums from his site and didn’t reply to my emails which makes me think that the game is up for WaterInvestment. Those who joined at the beginning should be in profit by now. For those who didn’t make profits my serious condolences.
The second program that has been moved to Problem status today is TheKapital. As I mentioned already they are having some ongoing issues with AlertPay due to which the withdrawals there were disabled but the admin promised to activate them again early this week. So far the payouts are still disabled, no answer has been received from their support and no update has been published on the website. So I guess I have every right to move the site to Problem status on my monitoring page which I have already done.
The third program going south is MyGrandFunds. The program was quite new and that’s why I was very surprised to see it go. However, there was some apparent problems with the script when the existing members couldn’t access their accounts for over 24 hours. The admin of MyGrandFunds still remains silent about that, and so I can only conclude his program is all over for now. I don’t think it was intentional though as the payouts were processed right up till the last minute and were instant. Nothing indicated any obvious issues with the site so I suspect a technical glitch in the system which became responsible for this strange failure. Anyway, any further investments in MyGrandFunds are not recommended at the moment.
I’m glad to report that PanaMoney kept its paying status on my blog how I had a big temptation to move it to Problem status already. I don’t know what kept them delay the payouts this time but the fact was there though it was totally denied by their online support. Other investors also told me that they had been paid by PanaMoney in time so I left it on Paying status on MNO and kept #1 place as well. More about PanaMoney can be read in my detailed review published here and my interview with the admin Allen here.
Honestly, guys. I tried my best to give Garrett, the admin of PTVPartner another chance and move his program back to Paying status on MNO but after more and more complaints followed by the triumphant e-mail in which Garrett told (in what time) that the program would be back to normal very soon I have decided that enough is enough. Yes, the suspended accounts were reactivateded and I received several confirmations from my readers about that. However nobody got paid yet, so what is the point reactivating the accounts if people’s questions are still being ignored and the payouts are still being delayed? And we’re talking here about the huge payouts of hundreds if not thousands? Actually, everybody is aware of the issues in PTVPartner but everybody wants to get their money back as well and forget about that nightmare. I simply cannot keep PTVPartner in On Hold status for weeks knowing so many people are not getting paid so the program has been moved to Not Paying status after a week in Waiting status. As soon as everybody is paid in full (however I doubt this will happen) PTVPartner will be restored to Paying status on MNO. I think it’s fair and I hope you will respect my decision and share my not so huge optimism for the future of the program. The future is not all that bright though as the admin announced about going private soon and we all know what that means for the majority of HYIPs. Going private usually means a slow demise when the remaining members stick their heads in the sand in hope of not making any problems public. Problems that are alreadu blatantly obvious to the rest of us. I’m afraid this is going to happen with PTVPartner as well but we will wait and see what the future holds. Meanwhile read the latest newsletter from Garrett because after reading this I first thought we were talking about different programs:
“NAYSAYERS TAKE A BACKSEAT!!!
WE’RE MOVING FORWARD WITH A VENGEANCE.
After endless hours of work the Accountants, I.T. staff and myself we have many resolved issues.
First things first. Join us for a Community Meeting in just a few hours!
MEETING
Tuesday, April 20, 3am GMT
(that’s TONIGHT!!! 4/19 – 8pm PDT, 10pm CDT, 11pm EDT)
Leave your recorders in their boxes. Tonight you’ll get more answers and be brought up to date on the unresolved issues. We just thought we’d prepare you for the news.
Here are the issues that HAVE been resolved as of this moment…
SUSPENSIONS
All eligible accounts have been un-suspended. I realize some will be mad, some will be glad but If yours is still suspended then it’s done. We’ll be refunding you if you’re not in profit and we wish you well in your future endeavors.
MISSING DEPOSITS
Most missing deposits that had tickets submitted, and many that had no ticket, have been credited. We will continue to look for them. If you have a missing deposit, then please post a support ticket. Include the copy of the transaction from your ecurrency and relative information.
MATURITIES
All investments should now be at only 4 days late, Please note the word “should”. We believe we have this problem solved back to the four days but as always time will tell if the fix worked for all maturities. If not we’ll deal with it as it comes up.
We realize that there are still some issues to address but things are getting completed as quickly as we can.
PAYOUTS
This is the big thing on everyone’s minds. Not all pending payouts were completed today but we have sent out a “lion’s share”. Yesterday and today there were a substantial number of older pendings, and yes, larger amounts sent out. This will not stop, there will be more tomorrow but we have caught up a good share of them and they won’t stop being done until we are back within our normal timeframe. I anticipate this will between Wednesday and Friday.
Trust me when I say, I know what’s being said:
1.) We’re running in a few days.
(that must be why we’re paying out so much right?)
2) We needed all this new money to keep things going.
(that’s why the payouts have far exceeded what was taken in, right?)
3) We’ll be gone in 3 weeks.
(uh huh, I took time from my family, my work, and everything important to get things take care of, just so we could leave with less then we had already. Yeah, that must have been it.)
If you haven’t already figured it out guys you never will. So bring on the naysayers!
JOIN US TONIGHT!
Our goal has always been and will continue to be to:
FREE YOUR LIFE WITH PTV!!!
The Ultimate High Yield Asset for your Offshore Financial Portfolio!!!
Start the Experience … join PTVPartner to … Free your Life!!!”
The admin of OneDailyPro which was a slow burning program though running stable for over six months announced today about the official closure of the program. That was pretty surprising to me as usually the admins simply run away with the money and leave the site open to collect the deposits from unsuspecting investors. Not so with the admin of OneDailyPro who honestly admitted that the game was over and even gave some reasons why this happened. Moreover, the deposits are not accepted at the moment (I can confirm that myself) and the admin promised to issue as many refunds as possible to the members within the next few days. Well, it seems like we are observing a quite rare event in the HYIP industry – an honest admin would be good for a change I guess. Here is the newsletter announcing the closure of OneDailyPro project:
“The OneDailyPro project has officially closed today. We don’t want speak too much about the reasons. We don’t want to cheat new investors by accepting new deposits. New registrations has been suspended. Accepting of new deposits has been suspended. It seems that problems with several giant projects has affected the OneDailyPro project too. We see the large wave of principals withdrawals every day. Due to this OneDailyPro can’t continue stable work. We’d like to thank all clients for their support and trust.
We are working under refund rules to minimize your possible losses. Please, be patient.
Best regards, OneDailyPro Staff”.
I guess after so much bad news we should proceed to something more positive. Let’s take TrueEarn for example. The program has been online for 17 days and is still paying fast on all the plans it offers: 116% after 4 days, 145% after 10 days and 210% after 20 days (the last plan will mature in the next few days). Moreover, the admin seems to be stick to his promises and as promised SolidTrustPay has been reinstated as the sixth payment processor accepted by the program yesterday. It has been done after a strict verification procedure conducted by SolidTrustPay administration. So everything seems to be going fine for now in TrueEarn. The admin just warned about one thing – it’s strictly prohibited to have multiple accounts in TrueEarn for the sake of self-referring and this is punishable by suspending of your account and forfeiting all principals and earnings. I know that the measures seem harsh but it should be done if the program wants to survive for a longer period of time which I suppose is the main aim of the admin of TrueEarn the interview with whom can be read on MNO here. As for the review of the program you will find it here. The most recent newsletter from TrueEarn outlining all the major events happened is published below:
“Dear Members,
I know you all wouldn’t have been expecting another newsletter from me this soon, as the last one I sent out was just 4 days ago. But, I had to sent out this newsletter as I wanted to make you all aware of an important news.
As you all know, we are doing our best in keeping TrueEarn at its best. We are processing all the withdrawals very fast, handling all the support issues with high priority, and doing each and every minute thing to its utmost perfection to keep TrueEarn at the top. But it does not mean that members have the right to cheat us by any means. I don’t mean everyone, but there are some people who try to steal money in the form of referral commissions by creating multiple accounts. Recently, we found some members having multiple accounts, and as a result, we have disabled all such accounts, and have frozen all the funds inside them. We strictly prohibit members from having multiple accounts. Once again I’m making it clear, we have zero tolerance to such misconduct, and if we find any member having multiple accounts, we will suspend all such accounts, along with which your funds will be frozen. You are allowed to have to only one account.
In the last newsletter, I mentioned about the addition of SolidTrustPay as a deposit and withdrawal option, and as promised we have added that option. We were waiting for the SolidTrustPay authorities to complete their strict verification process for the past 2 weeks. We had submitted the required documents for verification, but there was a slight delay on the part of SolidTrustPay authorities as they have stringent verification procedures. Anyway, I’m now glad that we have passed their verification procedures, and that SolidTrustPay is one the accepted payment processors of TrueEarn. Now you can invest with any of the six payment processors of your wish, LibertyReserve, PerfectMoney, AlertPay, SolidTrustPay, StrictPay and GlobalDigitalPay.
Before winding up, I would also like to request you to vote for us in at least a couple of monitors, after you get paid from us. You may have seen a few bad votes in some monitors. Those bad votes were made by the people whose accounts were suspended for having multiple accounts. This is where we need your support. This is where we need your valuable votes. Just vote in at least a couple of monitors after you get paid. That’s all we ask. I believe that you all can spend some minutes to vote for us, as a way of thanking us. It will not only help us, but also you, because we are here to stay and serve you.
I wish you all a fantastic week ahead with your family and friends.
Regards, Scott. TrueEarn Manager”.
SolidTrustPay has not only been reinstated by TrueEarn but it has been also added today by another program quietly gaining more and more popularity. I’m talking about Rags2Richness (reviewed here) the admin of which announced about this today. So since my review of Rags2Richness was published the program managed to add two very popular payment processors which will definitely broaden its possible clientele in the near future. I remind you that Rags2Richness is paying 3.5%-5% for 45 days and 27%-40% for 7 weeks and now accepts all the six payment processors recommended by MNO. The latest news is published below:
“Another short Newsletter today! We are excited to announce that from today we have added SolidTrustPay as a payment choice. Therefore we now have a total of 6 payment processors for you to choose from to give our members and even wider choice when investing with us. For existing members to add STP you will need to log in to your Rags2Richness account and go to Edit Profile & password. There you will find the field where you can enter your username for SolidTrustPay. After that you can start depositing with STP.
On another note, I would like to personally ask members being paid by us to take a few minutes and vote for us on our certified monitors. You can find these on the RATE page in the top left menu on our site. A little gesture like this can be very beneficial and go a long way for both members and the program.
We have more great promotions and new features being added this week to R2R so stay tuned for more exciting news soon!
Take Care & Best Regards
Stuart. Rags2Richness Admin”.
I noticed today that PerellaInvestment (reviewed here) changed its plan from 3% for 70 days (210% total) to 5% for 30 days (150% total). I couldn’t find anything about that on their site explaining this sudden change so I expect they will update the news section later. I don’t think though that the sudden plan change is a warning sign because the although the daily percentage has been increased the total profit margin was reduced. I guess the plan was changed due to some marketing reflections and that the admin probably makes an effort to appeal to a wider audience. Anyway, I hope to hear some update regarding the new plan soon from PerellaInvestment.
I was paid my principal back from PrimaryPool and I must say I was satisfied that it was processed fast, just like a regular withdrawal. I made a successful redeposit to another term of 1.1% for 30 business days. I remind you that PrimaryPool also accepts deposits to the following plans: 1.4% for 60 business days and 1.7%-2% for 120 business days with the principal returned on expiry in every plan. From the recent news I saw on the PrimaryPool website I can add that they introduced recently phone support with a UK based phone number where you can have all your questions answered. For more information about that please refer to the News section of the PrimaryPool website. More details about the program itself can be read on my blog here.
When signing into my account in WWFD recently I was surprised to see that all my account numbers had been changed, however neither I did authorize it nor any confirmation email was sent to me after the changes were done. I suspected hacking but then after receiving an email from the administration of WWFD (reviewed here) it appears it was a common glitch that might delay the payouts until before it’s fixed. So if your account in WWFD was affected like mine you’re advised to wait and not complain on monitors. At least the admin keeps communicating with the members and in my opinion it is a good sign that the issue might be fixed soon. Here is the email I received from WWFD today:
“Some members sent emails and told their account information has been changed.
Please check your LR, PM, AP or SP account and inform us if they were changed.
We need up to 48_72 hours to solve this problem.
So please be patient and don’t send bad votes in monitoring sites.
Best Regards, WWFD Incorporated LIMITED”.
The admin of InvestProxy announced some insignificant changes to the program today, including the increase in deposits from 10 to 1,000. I guess that will take the pressure of you because InvestProxy is really offering a wide variety of plans in which you can invest with a wide variety of payment processors including 108% after 7 days, 0.9% for 7 days with the principal returned on expiry and other plans with weekly and daily payments which were thoroughly described in my detailed review published here. The program has been online for a long time now and proved itself a stable performer among HYIPs. Note that you can also open any number of accounts there even though it’s strictly prohibited in many other programs. Here is the latest news from the program:
“There had been an investment limit of maximum 10 investments. We have increased the limit to 1000 so as to allow repeated or multiple investments.
Also, we have been asked very often if more than one account can be managed from one computer (IP). Yes. There are no restrictions as to the number of accounts you can managed from one computer. You can have as many account as you wish managed from one computer.
We hope the above helps.
Please contact us if you have any questions.
Regards. Admin. InvestProxy.”
A referral contest was announced today by the admin of FinitInvest (reviewed here). I remind you that the program is paying 1.1% for 15 days, 1.5% for 30 days and 1.8% for 120 days with the principal returned back on expiry. Hopefully with the referral contest running the program will get a bit more popular as well as bringing the promoters some rewards. More about the referral contest for FinitInvest members is below:
“Dear FinitInvest Members,
I’m excited to inform you about our new contest that is now officially launched. We will reward 26 people, the prizes will be divided between top promoters and most active members, prizes will be distributed as follows:
1) Prize
The first member with 20 active referrals, will receive $100 sent to any e-currency of his/her choice.
Old referrals will not be counted for the contest.
2) Prizes
The first 20 members to have 15 active first level referrals (incentives allowed) will receive a prize of $50 sent to their e-currency account of choice.
You need to contact us as soon as you reach 10 new active referrals and you’ll be added to the winners list, the dead line is the day the contest will end. You better be quick!
3) Prizes
You need to write a review about FinitInvest on your blog or website and post it on public forums, and of course, send us an e-mail with that.
We will pick the best 5 reviews and each one of them will be rewarded with $30. If you don’t have a blog, create one and get a chance to make some money!
If a user wins two contests, he/she will only get the prize for the bigger one and the next winner on the list will go up one position. This is going to happen because I want to give everyone a chance to win!
The contest starts 20-04-2010 and ends on 19-05-2010.
Go for it!”
One more program has been added to my monitoring tonight – MoneyMakersGroup. I think the admin is exploiting the name of the popular forum to attract some attention to his program although obviously it has nothing to do with them. The plans on offer are simple and profitable: 10% for 12 days (for $10 deposits and more), 11% for 12 days (for $100 and more) and 12% for 12 days (for the deposits starting from $1K). The site of MoneyMakersGroup looks good to me, it has SSL-encryption and is hosted on a dedicated Staminus server with Koddos protection. It’s running off a licensed Neversay script and so the deposits can be made in units only which will cost you $10, $100 or $1,000 for each plan. The payment processors accepted include LibertyReserve, PerfectMoney, GlobalDigitalPay and StrictPay. The program just started today so it’s quite promising for the early birds, if you know what I mean. The detailed review of MoneyMakersGroup will be published on MNO soon after I receive my first payout. Stay tuned for that!
I was paid today from the following programs presented on my monitoring page:
SolidTrader, BritishFinanceGroup, Aballong, PerellaInvestment, AlphaMoney, TrueEarn, Rags2Richness, FinitInvest, PanaMoney, PrimaryPool, StarxInvest, PrivateDiamondClub, MoneyPlus, ForexPaidMe, HighYieldClub, AvaInvestment, AimTrust, YesInvestment, GoldenInvestment, EzProfit, IntermedInvestments, DynFxTrade, PenninesFunds, HYIPnet, CorporateInvest, ForexNetClub, RedOrchidInvest, IncoForex, EuroNanoInvest, AtoxFinance, Plents, DollarTime, ArbsTeam, EForexInvestment, DorealCapital and WestFinance.
That’s all for today, guys. I hope to see you on my blog tomorrow for the most up to date news stories from any source in the industry. And that’s a promise. Meantime good luck with your investments!
Filed under Daily News, Reviews by on Apr 21st, 2010. 2 Comments.
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