23/04/2010. Interview with the admin of HYIPnet

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

Hi guys! For the first post today I have an interview with the admin of a recently launched short term HYIP game with the memorable name HYIPnet. It was added to my monitoring list just over a week ago and you can see it reviewed here. And while the admin and I may disagree about the definition of “huge profits” (see question 10) or about the actual profitability of ForEx trading, the program has so far been paying successfully. Before we hear from the admin let me just remind you that HYIPnet offers terms paying 4% for 30 business days, 115% after 15 business days, and 140% after 30 business days

“1. Hi Cherif, please introduce yourself to the readers of MNO and tell us about your own role within HYIPnet. What are your own duties within the program? How much experience do you have in the online HYIP industry?

Hello Paul and hello to all the readers of MNO. I’m Cherif and I’m the main administrator behind the project HYIPnet. I have complete control in my duties over the work of my managers, and also the decisions on all important questions. In HYIP the industry I don’t have a lot of experience but I think I can make up for this with the program.

2. Can you also give us some background on the program? How long have you been running? What were you hoping to achieve by starting it in the first place? Apart from you tell us who else is involved in HYIPnet?

In our company skilled managers from different countries are working away. Thanks to the structure and proper management we can outstrip all competitors. We want to show that we the owners of the domain HYIPnet are here to please our investors. But for this purpose time is necessary.

3. What about the investment plans? Can you explain them in detail to us? What are the minimum and maximum amounts for investment, what rates of interest are on offer and how long do they run for?

We have 3 investment plans.
To start with – 4 % daily for 30 trading days. Not a bad plan, it’s calculated for those who likes to get profit daily.
The second plan – 115 % after 15 trading days.
Just over two weeks and investors receive back their deposit of +15 % net profit!
The third plan – 140 % after 30 trading days.
With this plan it is possible to receive twice the profit than in the first one. But for the basic deposit remains with us for the full period of time.
For all plans the minimum deposit is $10 and the maximum is $200,000.

4. Tell us about the payment options available from HYIPnet. What payment processors are you currently dealing with?

We accept LibertyReserve and PerfectMoney at present. Any investor with an account with them can effortlessly make a deposit in our program.

5. How highly would you rate the security of your own website? Tell us about your hosting provider and how highly would you rate them as a service provider?

We have really taken care of the safety of our site. We have SSL certificate from Comodo, and adjusted the level of safety of accounts of our clients. We didn’t hesitate over that. For a hosting provider we chose DdosWiz. We have found them reliable, fair, and a well working provider. We think there will be no problems with them, and if there was ever the need to replace them we could do it in a day.

6. What about your script? Who is the provider and what do you think the benefits of this script are to both the admin and the investors? Are you concerned about some recent reports of hacking incidents in programs using this script?

Our script as you know is licensed from Goldcoders. In respect of functionality in our opinion to it has no equal. The reliability also is very good. As for hacking this script, it only occurs with unlicensed versions on cheap hosting providers.
Considering everything our programmer has added some modifications and extra protection until now it’s largely our own. Only 75% of it is recognizable as GoldCoders.

7. Can you also explain the benefits to potential clients of using SSL encryption to protect the investor’s accounts?

We do not have clients who could not use SSL enciphering. Even if you try to enter: http://HYIP.net, you will get redirected to the ciphered page https://HYIP.net automatically. All data transferred between user and by a site is ciphered.

8. I said in my review of your program that the only thing I did not like was the lack of choice regarding payment processors. Do you think this might hinder the growth of HYIPnet and do you plan to add more in the future?

Absolutely, I agree, the wide choice of payment systems is not there. But can you find at least one program that does not accept LibertyReserve and PerfectMoney, but only AlertPay and StrictPay? No, it just doesn’t happen. At the core of every HYIP there are the two payment systems specified above. Therefore, if the investor wants to invest capital in any HYIP, he should think first about a payment system. Probably we will have all other payment systems in the future.

9. What kind of customer support do you offer? What is the best and most efficient way to contact you if I have any questions?

At present it is possible to communicate through e-mail. It is much more convenient, than the regular mail which takes within several days. Our replies to any question through e-mail usually does not take much longer than than 6 hours.

10. What other outside business and investment activities are HYIPnet involved with? What are you doing with your member’s money and how are you generating such huge profits? Can we see any proof of these activities?

We successfully work in ForEx markets. About the huge profit I am surprised. We after all do not pay huge profits! After the expiry of the third plan the investor receives 120%. 20% is profit. It equally approximately 0.5 % a day. And on Forex we earn much more. From 1% a day and above. Therefore we pay what we can as long as ForEx exists. The principle of our successful work is a secret and as in any successful company is not disclosed.

11. Looking through the currency trading widget on your website, I cannot see anything that would even remotely support the profits you offer. If the value of most internationally traded currencies do not fluctuate by much more than 0.3 % in a week, where are you getting 4 % in a day?

In the previous answer I have answered that the average profit makes 0.5% per day, 4% per day includes the main deposit. As we know, successful dealers can earn not 0.3% week but 1% a day. 0.3% per week is almost the same profit on offer by many banks all over the world.

12. Tell us about the THE VIP accounts. I see a number of them listed in your stats but I did not notice any information on the website. So what is a VIP account and how do you get one? Are there any benefits?

The VIP accounts are those investors who have made a deposit over $1000. Privileges are not given to VIP Investors, it is simply there to show our statistics in more detail.

13. Are there any plans to develop HYIPnet further in the near future? Will there be any interesting changes made soon? How are you planning to keep the program competitive with so many new HYIPs opening every day?

Certainly, we will develop our program on an ongoing basis. I hope shortly the majority of investors become clients of ours. As for the competition, there always has and there always will be some but we are different from them. Our domain name can be used only once. And if we have decided to take such a domain name for the program it says much about our reliability. And reliability is the main thing for any investor.

14. What have been the most common questions, problems, or complaints you have had to deal with so far? Are there any particular issues that people keep contacting you about that you would like to address here?

We receive many questions concerning whether we work five days a week or seven. The answer is we work seven. We do payments of seven days a week, but the profit is charged only five days per week. The ForEx market is closed at weekends. Also if someone has questions do not hesitate. Write to us at support and we will be glad to answer you!

15. And finally is there anything else you wish to say not covered in this interview? If there was just one thing you could say to the readers to convince them that your program is better than any other then what would it be?

We have discussed all basic questions in the interview I think. I just want to add that I am confident we will prove over time that our program HYIPnet will be one of the most stable in the HYIP market. But only time will show it. Good luck all our investors and potential investors. HYIPnet is with you for ever!”

Thanks a lot to the admin for taking the time for that and best of luck to anyone who decides to take a chance and join. That’s about all for the moment guys, but not for long. I’ll be back as usual later this evening with a full round up of all the days news stories so be sure and check back later for that. See you then!