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

Hi guys! Hope you’re all having a nice weekend so far. It’s been a busy few days for me, both online and off, and no sign of slowing down yet so there will be plenty of updates for you on MNO over the next week I am sure. Back to today though and before we get to the news there is a new short term HYIP that was added to my monitoring recently called InteligentMoney that I want to take a closer look at tonight. By the way that’s not a typo, “inteligent” is spelt with one letter L. I know, I know, the irony spelling the word “intelligent” wrong isn’t lost on me but it’s only because the domain with the correct spelling was already taken. So watch out for that if you’re using a search engine to visit the site instead of following a direct link.

Anyway, it’s just a name. The program itself, or rather the admin, is the latest in a growing number to state candidly that the entire HYIP industry is a game based on gambling. InteligentMoney is the very same as the rest of them, except this time the admin prefers not to waste our time and his by making up a series of lies to lend himself some credibility. It’s a game and the admin is the first one to admit it. InteligentMoney has a limited shelf life and as there always is, there’s going to be a few losers to pay for the winners. So please consider that before proceeding with any online HYIP. That’s how the business works with good programs and bad programs alike, however it doesn’t mean that you can’t be the one to make a couple of extra bucks along the way. I also thought for a minute that such an admission would only invite Hit-and-Runners, but really that’s something every admin has to deal with regardless. Especially short term program admins.

So let’s get on with the plans. InteligentMoney has four of them to choose from and all of them pay on expiry. The first of them has already matured so the quick ones who got in at the beginning will already be enjoying their profits. Deposits start at just $5 and run to a maximum of $100, so some of you may consider it a test plan. But what you get in return for joining is a return of 105% which includes your principal after a term of just 3 days.

The second plan is a bit more rewarding and no less affordable to join. It’s open to deposits between a minimum of $5 and a maximum this time of $1,000. The investment term runs for 7 days and the final payout made on expiry is 116%, principal included.

For deposits ranging between $5 and $10,000 InteligentMoney is offering a return of 145% paid on expiry after a term of 14 days. Your principal is already counted as part of that.

And for the final plan InteligentMoney offers a return of 220% on deposits starting from a minimum of $5 up to a maximum of $200,000. Ask nicely and the admin can surely be persuaded to accept a little more, lol! Anyway, the term is 28 days long and again your principal is already factored into that.

Something that I like about these plans is that they are all so affordable. But really it’s the way that despite the risk increasing each time, the cost stays the same. The risk in the plan is always going to be there of course but the personal risk that you put yourself in can be negligible if you want it to be. Similar HYIPs with similar ROIs can often ask for several thousand dollars before admitting you to their higher paying plans, but here it’s just $5 so you can still play the shorter term games for money and the longer term ones for fun. If that’s what you want to do anyway.

The list of payment processors is also pretty good for a short term game with some personal verification required on the admin’s part. The list includes AlertPay, LibertyReserve, PerfectMoney, and StrictPay. By the way, despite there being a banner for GlobalDigitalPay on show, InteligentMoney are not currently accepting them. The script (from Neversay) requires users to buy units in InteligentMoney, but after you spend the minimum $5 every unit after that will only cost a dollar each. Payouts are manual and need to be requested. The admin requires up to 24 hours to get it processed, but so far he’s been pretty fast.

For hosting InteligentMoney have opted for the ever popular HushHosting, who have them on a dedicated Piradius server. The script is licensed from Neversay, also a dependable service provider. Unfortunately SSL encryption is not supported, despite the fact that the admin says that it is. Maybe he intends to add it, I don’t know, but if he says that it’s already there then he needs to keep his promise and install it ASAP.

You can raise any questions or problems with the admin by submitting a support ticket through the contact form provided.

As for a business plan, InteligentMoney is purely an online game. The admin admits it and a lot of people appreciate that approach. But don’t overstate the importance of that either. Just because he says it’s a game doesn’t make him one of these “honest admins” I keep reading about on the forums. Meeting his commitments to his investors is the only thing that will establish that, and that goes for all HYIPs. The risk is there and the risk is high, whether anybody else wants you to know that or not. Knowing it’s a game in advance doesn’t make it any easier when you get scammed, but it might be the encouragement you need to keep your deposits at a rair and reasonable level that matches your means.

InteligentMoney is ok, but really more aimed towards the regular HYIP players I think. It would be improved by the installation of the promised SSL encryption though.

OTHER NEWS FOR TODAY.

Well, as usual on Saturday we have many scamming programs to talk about. But I prefer to start with some good news since it is the weekend. TeddyBearDreams (reviewed here) is still going strong having some 380+ members and counting with over $27K in deposits made within just the first three days online. I remind you that the first payouts on expiry from 130% after 6 days plan should be processed in a few days but this level of support is really encouraging. To make TeddyBearDreams even more popular the admin of the program announced today that the first referral contest will be active for a week with $860 in total paid to the six best promoters. Another picturesque newsletter from the admin of TeddyBearDreams who I’m planning to interview on MNO once the first payouts are processed is published below:
“Hello Fellow Teddy Bear Dreamers!
All Great things in life started with a dream. Even most lotto slogans are “a dollar and a dream” Well TeddyBearDreams has far surpassed my dreams of what the site would be capable of.
What do you dream of? Cellphones, Laptops, Ipads, paying your bills EARLY. What are your dreams made of?
As promised TeddyBearDreams is going to have its first referral contest. We are here to help some of those dreams come true.
We will give cash prizes to the top 6 recruiters.
1st place 500$, 2nd Place 200$, 3rd Place 100$, 4th place 20$, 5th Place 20$, 6th Place 20$
Contest will run for 1 week from now till May 22nd 2010. So lets get out our Teddys and pass them along, Nothing is better then a big bear hug.
Our first deposits will expire in 3 days on the 18th and once payments start we will all be living our own TeddyBearDreams.
TeddyBearDreams, Helping bring your dreams come true.
Theo. Administrator. TeddyBearDreams”.

The administration of ForexNetClub (interviewed here) apologized for the recent downtime of the site causes by serious DDoS-attacks on their server. The site is back online now and the payouts for all the plans (109% after 2 weeks, 128% after 4 weeks, 191% after 8 weeks) are back on schedule. ForexNetClub is one of those programs that you can distinguish from others straight away and say they are going to be great without ever regretting it later. That’s exactly what I said in my review of ForexNetClub over three months ago (read it here). Anyway, they’ve been great so far and very prompt with the payouts and the small downtime wasn’t a major issue due to the fact that ForexNetClub is hosted on BlockDos – undoubtedly the best hosting provider for HYIPs. Here is the latest email I received from the program today:
“You may have some difficulties accessing FNC website. This was due to a DDoS (Distributed Denial of Service) attacks on our website which caused the short downtime period. Our technical department has quickly repelled the attack.
At this moment all returns and payments have been completed as per our plans. No problems or queries have been left unanswered or unresolved.
We apologize for any inconvenience caused.
Do not hesitate to contact us with any question you might have.
ForexNetClub Ltd. Support Department”.

EkonInnovation which was just presented on my blog last night is doing fine and I received already several payouts which were all paid really fast. The program offers three investment plans: 110% after 3 days, 120% after 5 days, 150% after 10 days with the minimum to invest at $5 and the payouts processed on expiry. You should expect the review of EkonInnovation to be published on MNO on Monday. But even now I can say that the admin of the program Augusta is quite communicative and send emails even to mention the slight downtime that happened last night. At the moment the program is loading fine for me and I personally didn’t notice any downtime whatsoever. Here is the latest from EkonInnovation anyway (just for your information):
“Just want to let you know about host real fast. Seems with the amount of traffic we have gotten today (not expected this much growth in one day online) has flooded our server for amount of connections.
I am in the process of talking with our hosting provider, Blacklotus about what they can do and seeing if there is a problem on there end with about of resources they are allocating us.
Sorry for the possible small downtime for you (if you do even). But wanted to let you know so you understand ahead of time!
Take Care, Augusta”.

Well, you know my approach to bonuses offered by program admins: they are unnecessary in my opinion and only can indicate that the program needs some money to pays older requests. However, if the bonus was announced beforehand it’s not such a warning sign for me like as happened with XoboFinance (reviewed here). The admin of the program (interviewed here) promised to make the bonus available in his last update and now it’s active. The rules of the bonus have been shown in the latest newsletter the admin sent to me today. He also emphasized that the withdrawals are now instant for both available plans: 2%-2.8% for 40 business days and 11%-15% for 8 weeks with the principal returned back on expiry. Here is the latest news from XoboFinance:
“We are now very happy as we got a very huge profit since Tuesday from Forex market. And we would like to thank to all of our members for their participation on our program and trusted their money to us. We will share our profit with them by giving a little bonus deposit. We have told you at the interview that we will launch a mid-month bonus program sometimes, and now we will launch it confidently. We have an announcement to our members, and please help us to announce it on your blog.
Here is the announcement about the Bonus Program:
Dear Members, As you know that the euro’s value fell sharply to the lowest point since April 2006 on this week. And we have taken advantage and got a huge profit of this very rare event.
Thanks to all members who has trusted XoboFinance to generate your funds and of course we will share our happiness all together.
As our commitment to give Mid-Month bonus program. XoboFinance have two kinds of bonus program on this special moment and maybe this is the only “very special” moment as this is very rare to happen in the ForEx Market.
1. We will give 10% of deposit bonus on Daily Plans for free as our reward to old members who has made a deposit in our programs.
2. We launch a new mid-month bonus program called “ Mid-Bonus On May”. For members who make a new deposit will get 10% of Cash Bonus on Account Balance within 24 hours and it can be withdrawn anytime + 7% of deposit bonus on Daily Plans (Bonus On May). This bonus program applies both to new and current members. Mid-Bonus On May will run for 3 days and will expire on Tuesday, May 18th, 2010 at 00:00 AM
As you see, XoboFinance has tried all the best to serve its members. We have changed our payment system from manually to automatic, but it became such a trigger for hackers to try to steal our money. We have managed to keep their business so far, but they must be try harder and harder and we don’t know what will happen in the future.
We will keep to inform you as soon as possible if we change our payment system to manually again and of course its just for a temporary fix only but we will always try to give you an instant withdrawal.
My best regards, John Clements“.

I wonder if you believe in Santa Claus? I’m asking just because the admin of MasterFunds treats everybody like kids in his latest update where he made a foolish excuse about non-payment last night and promised to process all the payouts on Monday when his LR account will be funded with fresh money. Well, if the admin is going to pay to somebody from his own pocket and not the members it will probably be the first time in HYIP history and surely the spirit of Mother Theresa is standing over him. Seriously though such short-term games like MasterFunds have no chance to recover once the payments stop, even “temporarily”. There is more proof that the program is scamming now: the deposits are still open while the monitoring page has been removed. Don’t believe me? Then go and check MasterFunds website by yourselves. The nonsense excuse from MasterFunds is being published below and if you truly believe in Santa-Claus you will believe the following update as well:
“Reserve Pool Funding.
There have been a number of high withdraws recently, and consequently the reserve pool has run dry. We are sending extra funds to the reserve pool via a bank wire to compensate.
We sent the bank wire on Thursday morning and we are told that the funds will reach our LR account by MONDAY latest. On Monday morning any payments that are missed WILL be paid in FULL.
Thank you for your patience and understanding.”

Unfortunately three programs are confirmed scams now. EuroNanoInvest disabled instant payouts two days ago and all the payouts are still in pending status so the chance to get your money back is close to zero. EnergyMoneyFund is paying selectively and only to monitors now which will not help them anyway as MNO already moved it to Problem status (do you remember my warning about their coming collapse three days ago?). As for SmartMoneyInv, this is simply ridiculous. The admin issued so many long newsletters where he guaranteed the investments to everybody and launched some contests as well just to scam in a couple of days. The instant payouts in SmartMoneyInv have been disabled and they are not processing either. So three programs became three scams now and I advise you NOT to make any investments in the following programs: EuroNanoInvest, SmartMoneyInv and EnergyMoneyFund.

But the biggest blow for investors today came with the sudden collapse of ChokoMoney. Well, yes, the game is over now and it was confirmed to me personally by its admin Chris despite the newsletter issued earlier today where Chris promised to continue with three payment processors due to AlertPay’s freezing of some funds. Here was the first email received by me today:
“Dear members, One of the member named “arijitwhatis” made multiple fraudulent deposits of substantial amounts via AlertPay. AlertPay froze all these funds which damaged the cashflow a lot so I had to remove AlertPay as a payment option. Unfortunately the damage was so terrible, that I don’t have AP funds left to process all the pending withdrawals, so I will just refund all AP deposits I can until the account is totally empty. ChokoMoney needs your urgent support to make it possible to continue with the other three payment processor LibertyReserve, PerfectMoney and StrictPay and to overcome this obstacle. Those who haven’t received their refund via AP, contact me and I will see what can be done. We must find a way to solve this issue.
Regards, Chris”.

After that seeing that many withdrawal requests to other payment processors were not paid I tried to contact Chris and asked if there were other issues. And he confirmed to me that this AlertPay issue caused the severe cashflow problems which resulted in the collapse of ChokoMoney game. Unfortunately it happened prematurely due to factors which are beyond the admin’s control. Here is Chris’ reply:
“I wish I could solve this problem but I can’t, I processed huge withdrawals via AlertPay recently and the substantial amount of funds they froze caused serious cashflow issues and since I am straightforward with my approach and said from the very beginning this is nothing more than a game, I can’t pay members via other payment processors because it will take down the program very soon after. So I am very sorry to say but this is the end of ChokoMoney.”

This is not the end of the story though as more facts became known from the alleged scammer who supposedly made some fraudulent AlertPay deposits and causing ChokoMoney‘s collapse. According to the thread on a public forum the total amount of reversed money was only about $140 which couldn’t possibly do any serious harm to ChokoMoney. Here is the email I received from the guy who was blamed for the collapse of ChokoMoney:
“Hello Paul! In the recent newsletter by ChokoMoney – I was termed as a scammer by ChokoMoney Admin. I want you to know that it is not the truth. In fact I was myself scammed and thus the AP deposits got reversed. For more information check this thread: http://exchangemoneyforum.com/showthread.php?33319-Report-Against-bluesuccess-and-my-Destiny-gt-gt-gt
The funds which I had deposited were refunded from my account as well as the funds were from someone else.
Moreover – ChokoMoney Admin is a scammer- In spite of sending 20 e-mails — he has not paid me referral earnings since 2 weeks…..
I kindly request you to give out this information in the next newsletter of yours.
Thank you.”

So who is telling the truth and who is telling lies? It’s only you who can decide but I can tell you that the only thing that’s certain – ChokoMoney is gone with the wind and with the members money too. Please do not invest in this program as from my experience the admin will continue to accept deposits for as long as possible and at the same time trying not to pay all the withdrawals. So don’t let anybody fool you and do NOT invest your money in ChokoMoney anymore.

Here is the list of the programs that paid me today:
TrueEarn, TeddyBearDreams, TopEarnClub, BetExpekt, EkonInnovation, OneStepMoney, OilInvestment, XoboFinance, AlphaMoney, InvestAward, HighYieldClub, StaunchFinances, ArbexTraders, DubaiFinances, RogerVille, SMRTrade, DorealCapital, Cizaro, YesInvestment, GoldenInvestment, InteligentMoney, EzProfit and RedOrchidInvest.

That’s it for today, guys. I will see you here again tomorrow with the latest news from the world of online investments.