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

Hi everyone! Before we get down to business let me just mention that today, May 9, is a major holiday in Russia, which as you may know is where I am from and am currently back on a visit to my family. It commemorates the Soviet defeat of Nazism in Europe and remembers the brave men and women who gave their lives in that struggle as well as the innocent victims. It’s celebrated in a few other countries as well but not enough as far as I’m concerned. So whether it’s an official celebration where you are or not I think we can all agree that the world today is a better place for the sacrifice made by those people and we should humbly offer our gratitude to the survivors and our respect to those less fortunate. On a lighter note though it’s also Mother’s Day, so go ahead and plant a big kiss on the cheek of the most important woman in the world!

So for the second post today before we get to the news there is a brand new medium term HYIP that just launched a couple of days ago that I would like to take a closer look at this evening. It’s called DubaiFinances and they have a few options you may be interested in looking into. It’s a pretty straight forward HYIP and despite appearing to offer four distinct plans DubaiFinances essentially only have the one. It just pays you differently based on how much you want to spend.

To begin with this is quite an affordable venture for most and if you don’t really have a lot of money to throw around then DubaiFinances offer what they call the Novice Plan. The minimum investment is $10 with the maximum set quite low at just $100. You couldn’t describe it as a test plan (the term is too long) but it is definitely one for the smaller players. The term runs for 60 calendar days and the rate of interest – paid daily – is 2.5%. That would mean for a $100 investment you would earn $2.50 per day ($17.50 per week), break even after 40 days, and finish with a total of $150. And that’s the final figure as your principal is factored into the payouts, so the profit is 50%.

If that’s not enough for you then you can try the Advance Plan. Minimum investment goes up to $101 this time and the maximum amount you can spend increases to $1,000. In return however DubaiFinances offer an increased return of 3% interest per day over the same 60 day term. So for a $200 deposit you would see $6 paid back per day, break even after 34 days, and finish with a final amount of $360. Again that includes your principal so your actual profit is 80%.

Then for the serious players willing to gamble between a minimum of $1001 and $10,000 then there is the Expert Plan. This time for 60 calendar days your deposit earns you a daily payment of 3.5%. That allows you to break even after 29 days and complete the term with a return of 210%. Again DubaiFinances have already counted your principal as part of the payments so your actual profit is 110%. More than double your original money which sounds great, but too bad it’ll cost you so much just to find out how genuine the offer is.

And finally for information purposes there is the Elite Plan. The minimum investment is $10,001 and if you’ve got that kind of scratch then I doubt you’re playing HYIPs! But I’ll tell you anyway. An investment in this plan brings a daily return of 4% for 60 calendar days with your principal counted as part of the payments. Maximum spend is $100,000.

I know a lot of people are a bit wary now about plans that lock your principal in for such an extended period without the offer of early withdrawal. In the case of DubaiFinances though the fact that they count your principal into the payments may keep them sustainable and in real terms make the interest they are paying a lot smaller than you might think at first. Other programs have offered similar returns after just 10, 15, or 20 days so what they pay over the course of 60 days looks a bit more achievable. As with most things in the business this will all come back to cash flow in the end, so to put it simply if DubaiFinances get the support of online investors they can make a success out of these plans. If they fail to get that support then they can’t. Payment options are pretty reasonable with AlertPay, LibertyReserve, PerfectMoney, and StrictPay all accepted. Payments are made manually so will have to be requested. The admin asks that you allow up to 24 hours to get it processed.

The DubaiFinances website is hosted on a dedicated Staminus server with support and protection by Koddos. They are also running off a script licensed by GoldCoders. And the site is also protected with SSL encryption, which I’m pleased to see happening a lot more often these days. Any questions for the admin can be put to him through the support e-mail ticketing system. DubaiFinances also has a Live Chat feature though at the time of writing isn’t working. Check it out on their contacts page though (depending on when you’re reading this) as I imagine it’s going to be addressed pretty soon.

On the business side of things DubaiFinances tell us they are involved in the oil industry, which I didn’t think was particularly important in Dubai itself anymore. Oddly enough they then provide a widget displaying foreign currency exchange rates so I’m not sure about the relevance of that. To their credit though most of the texts do appear to be original so at least a decent effort was put into that. But what you don’t see is any proof, so obviously DubaiFinances remains a high risk online HYIP just like all the others until proven otherwise. And of course the burden of that proof lies with the admin, not the investor. Anyway, as I said DubaiFinances can be good on condition it gets the right support.

OTHER NEWS FOR TODAY.

If you’re looking for the hottest short-term program paying 135% after 7 days ChokoMoney (reviewed here) is the answer to your prayers. The admin of ChokoMoney Chris (interviewed here) was universally praised for the last 13 days online for his fast payouts, fabulous customer support, and almost hyper-activity in how he handles all the issues and keeps the program going. The growth rate seems to be unstoppable now with over 1460 members depositing a total of $300,000 after less than two weeks online. This is really a great achievement but everybody should understand that the further growth of the program is vital to its survival and can contribute by promoting ChokoMoney effortlessly among their fellow investors not only by getting some referral commissions but also to keep the program stable and paying for a long time. In today’s newsletter Chris let us know that the first referral contest (with great prizes to the first top promoters) is coming to an end and that the winners will be announced tomorrow. If you are interested in competing against MNO then you should know that I already have 194 in my downline. Here is the latest news from ChokoMoney:
“Dear members, Tomorrow (Monday, May 10th) our first referral contest ever ends and I will announce on the winners in 24 hours from now. I remind everyone that the prizes are extremely generous if you take into account this is only the first referral contest. The prizes are $500 to the best referrer, $250 to the second and $100 to the third. I am very glad to inform you that many members decided to participate and take part in this contest and I can see it from the extremely fast growth rate recently. (ChokoMoney has over 1420 members already and growing!). The competition is at its peak and the result may change in these 24 hours. Everything is possible! So if you have a brilliant idea to get even more referrals until tomorrow, why not fulfill this? it might be you who will receive the $500. ChokoMoney is breaking records with over $280k in deposits in 12 days only. I would like to thank all the members who supported ChokoMoney from the very beginning and hope that you will even more support it in the coming months. REMEMBER TO: Post your payment proofs on the forums every time that you get paid from ChokoMoney, vote for ChokoMoney on the monitors and let all your friends know that ChokoMoney is simply the hottest HYIP at the moment!
Ok that’s all for today!
Regards, Chris”.

Despite ChokoMoney‘s efforts to reach the top of MNO’s ranking list the first place is still occupied by TrueEarn (reviewed here). And this first spot is really deserved by steady payouts for five weeks and counting now. If you consider that the interest rates are extremely high and attractive (the program pays 116% after 4 days, 145% after 10 days, and 210% after 20 days) and that all the major payment processors are accepted you can understand how popular the program becomes. MNO alone has 527 referrals now so you can only imagine how many thousands of happy members TrueEarn currently has. I don’t think it’s coming to an end though as even despite the HYIP crisis it’s extremely hard to find a good short-term HYIP and based on the previous record set-up by BestInv of being three months online TrueEarn still has some way to go in my opinion. My prediction is based of course on the assumption that the reinvestment level will be quite high and that more new members will join the program soon. At this moment TrueEarn is definitely one of the giants that outline and lead the whole industry forward even despite of the crisis. Let’s see if TrueEarn will really become the longest short-term program ever, but even the current achievement of five weeks during this stormy climate deserves investors’ appreciation.

In the latest newsletter sent from the admin of TrueEarn Scott (interviewed here) there was a new feature announced which will allow the members to make exchanges to AlertPay and SolidTrustPay payment processors with only a 1% fee. Well, I know exactly what the admin wants to achieve by this and this is to get rid of the loads of STP and AP which he can’t withdraw anyway and which will stay in the accounts even after TrueEarn (eventually) closes. But if you want some STP or AP it’s still a good chance to buy them at these knockdown prices which you can do in your member’s area by simply clicking on the Withdraw tab and then choosing the Currency Exchange link below. Remember that you cannot use TrueEarn as a regular exchanger and can only move the funds you already have in your account there as earnings from your investments or referral commissions. On other matters the admin also thanked everybody for the support shown over the last weeks online and encourages you to vote on public forums and monitors every time you receive a payout. Here is the full newsletter from TrueEarn:
“Dear Members, I feel highly honored, proud, and moreover, excited, while writing this newsletter. As you all know, TrueEarn has been online for over a month now, and even though it might not seem to be a big milestone to some, it definitely is a great achievement for all of us. It’s with small achievements we are able to reach the bigger milestones. Being online for over a month with consistent ultra-fast payments and high quality 24/7 support response, is just the smallest of the milestones in our journey to reach the biggest ones.
I take this opportunity to give special thanks to all my members who have been with us for such a long time, and I wish and I hope to see you all with us along with your tremendous support for TrueEarn in the coming months. The coming months are going to be really exciting with TrueEarn, and I promise I’ll keep TrueEarn up to your expectations with the usual ultra-fast payments and 24/7 support.
======================
NEW EXCHANGE FEATURE
======================
I have another exciting news for you all. We have implemented a currency exchange feature, with which you will be able to exchange your e-currencies in the allocated directions at just 1% fee. This exchange feature is an amazing offer, because you will not be able to exchange your e-currencies anywhere else at this cheap rate. Currently the allocated exchange directions are :
Liberty Reserve ====> AlertPay ( 1% fee )
Liberty Reserve ====> SolidTrust Pay ( 1% fee )
Perfect Money ====> AlertPay ( 1% fee )
Perfect Money ====> SolidTrust Pay ( 1% fee )
StrictPay ====> AlertPay ( 1% fee )
StrictPay ====> SolidTrust Pay ( 1% fee )
Global Digital Pay ====> AlertPay ( 1% fee )
Global Digital Pay ====> SolidTrust Pay ( 1% fee )
The exchange feature can be found right after you login to your account, right below where you can see your account balance. Please note that you cannot send money to us just for the sake of exchanging. After you make an investment in TrueEarn, and right after your investment matures and reflects in your account balance together with your earnings, you can do the exchange in the allowed directions.
I would like to remind you all to please continue your support for us by posting your payment proofs in forums and voting for us in monitors.
Links to the forums are given below:
ITalkMoney Forum – http://www.italkmoney.com/index.php?/topic/369-true-earn-truearncom/
MoneyMakerGroup Forum – http://www.moneymakergroup.com/True-Earn-Truearncom-t343211.html
DreamTeamMoney Forum – http://www.dreamteammoney.com/index.php?showtopic=96119
TalkGold Forum – http://www.talkgold.com/forum/r288973-.html
Links to the monitors are given below:
GoldPoll – http://www.goldpoll.net/details/15097/
HYIP Explorer – http://www.hyipexplorer.com/true_earn_2582/
GS Monitor – http://gsmonitor.org/details/2714/
I wish you all a wonderful weekend with your beloved ones.
Regards, Scott. TrueEarn Manager”.

I suspect that I know the reason why the SolidTrustPay account of BetExpekt has been suspended. It might stem from the inability of the admin to confirm his account authenticity by verifying it with a fake ID (read more about that in my interview with the admin of STP Stella published here). However, the current investors of BetExpekt who deposited into any of the plans (1.2%-1.8% for 120-180 days or 9.5%-15.5% for 17-25 weeks with the principal returned on expiry) via SolidTrustPay have no reason to worry. The admin already let everybody know that regardless of how the situation with STP works out everybody will still be able to request their withdrawals but to other payment processors still accepted. So if you have your earnings in STP simply click on “Currency Exchange” and proceed with exchanging your STP to AlertPay, StrictPay, LibertyReserve, PerfectMoney or GlobalDigitalPay. I would advise you to exchange your STP to LibertyReserve as the withdrawals to that payment processor are processed instantly. Just don’t treat BetExpekt (reviewed here) as a real company in any case due to the warning issued by the Maltese authorities regarding the site and which can be found here. Please read more about STP issues in BetExpekt below:
“Hi Dear Member, Our SolidTrustPay account has been blocked without any reason, we did contact with them but they didn’t answer yet, please be patient, if they don’t remove this limited from our account we will pay all SolidTrustPay profits with LibertyReserve or PerfectMoney, StrictPay, AlertPay. You can use from member area from (Currency Exchange) and send request withdraw from STP to other Currency.
Best Regards, Abigail Johnson”.

There were some communication issues for the admin of StaunchFinances with his gmail account and so the sending of mass e-mails to the members is still not possible. If you have any questions or issues with StaunchFinances (reviewed here) you’re required to contact the admin Brent (interviewed here) by using any of the following email addresses listed below:
“Support Questions
If any of you needs to send a support message, you can send it directly to me at bshackling@gmail.com or staunchfinances@hotmail.com or staunchfinances@yahoo.com. Unfortunately, gmail blocked our email account with them so we do not receive nor can we send any email from them. Our programmer won’t be back until Monday so he won’t be able to work on the revision ’til then.
Thank you! Brent”.

It seems like PrivateDiamondClub (reviewed here) which is still closed to new members is making an enormous effort to make itself look legitimate. Maybe they are real and there is real trading of rough diamonds going on in Africa? Who knows? One thing I know for sure is that any assurance that your investments in online HYIPs are safe should not be taken seriously. Perhaps there is really some business behind PrivateDiamondClub as they even invited me to come to Africa and see everything for myself. I’m not going though as I really don’t care for the hot weather (the main thing that bugs me about living in Israel) but possibly they didn’t bluff and who knows what would happen I agreed to their proposal. Anyway, despite the semi-private status right now PrivateDiamondClub is paying well on all the plans and it’s expected that the doors will re-open for new members after the admin returns from his trading expedition. If you’re curious enough to listen to the first recording from PrivateDiamondClub‘s newly launched audio diary please follow the instructions provided to me in the email:
“For now our Audio diary is just anvalible for members with an active deposit! Just visit http://public.private-diamond-club.net/media_ad.htm and click Enter Audio Diary.
Your Password is: audiodiarymay2010
Contact us if you have any question.
The PrivateDiamondClub Limited”.

I would like to thank everybody who participated in my poll that lasted for the last several days. 78% of my readers confirmed my thoughts about the crisis in HYIP industry which came with the closure of so many giant HYIPs in rapid succession and are trying to keep their investments a bit more low-key for now. The (distant) second choice with 13% of votes was from the investors who still enjoy playing HYIPs and didn’t reduce their activity despite the chain of recent unfortunate closures. Finally, 10% of the votes came from the investors that are still profiting from HYIPs by applying the right strategies and they think that the closures didn’t affect them much at all. Well, the last 10% of the investors gave me some hope that the HYIP industry is on the road to recovery within the next few months and that hopefully we will see more new great programs that are going to open soon. For now I will not offer you any new poll but soon it’s quite possible I will need your opinion on another topic so please be ready for more interaction on MNO soon.

I have been paid today from the following programs: NanoVenture, ChokoMoney, ArbsTeam, GroupUniversal, OneStepMoney, TrueEarn, RogerVille, BetExpekt, EnergyMoneyFund, StaunchFinances, Forexica, Plents, Xcelsus, PenninesFunds, IncoForex, AtoxFinance, EuroNanoInvest, InvestBand, YesInvestment, GoldenInvestment, EzProfit and SmartMoneyInv (the first payment is received).

That’s all for today. Check out my blog tomorrow for more information from the HYIP World. Happy Victory Day to you all, Happy Mother’s day to all those special ladies without whom (ok, I admit it!) us men would be so utterly helpless, and to everyone else enjoy the rest of the weekend! I’m going to see the Victory Day fireworks tonight (bringing my mother of course!) but I’ll see you all again for the latest news and views on MNO tomorrow. So stay tuned for that!